Business Summary: SILICON MOTION TECHNOLOGY CORPORATION is a provider of negative-AND (NAND) flash controllers for Solid State Drives (SSDs) and other solid state storage devices. The Company is mainly engaged in the design, development and sale of low-power semiconductor solutions for original equipment manufacturers (OEMs) and other customers in the mobile storage market. The Company is mainly engaged in the development of NAND flash controller integrated circuits (ICs) for solid-state storage devices, as well as specialty radio frequency (RF) ICs for mobile devices. In the mobile storage market, the Company's products are controllers used in SSDs, Embedded Multimedia Cards (eMMCs) and other embedded storage products, as well as flash memory cards, universal serial bus (USB) flash drives and other expandable storage products. The Company's products are used in smartphones, tablets, personal computers (PCs) and other devices.
Financial Summary: BRIEF: For the three months ended 31 March 2025, Silicon Motion Technology Corp. (ADR) revenues decreased 12% to $166.5M. Net income increased 22% to $19.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Unrealized holding gain (loss) on short- increase from $1.6M (expense) to $3.3M (income), General & administrative decrease of 5% to $5.6M (expense).