EarningsQ2 2026 Earnings Report
MX:SIMON Q2 2026 EPS Results
Actual EPS$41.27
Consensus EPS$36.16
Beat/MissBeat by +$5.11
One Year Ago EPS$11.72
MX:SIMON Q2 2026 Revenue Results
Actual Revenue$7.66B
Expected Revenue$6.85B
Beat/MissBeat by +$805.32M
YoY Revenue Growth+122.89%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:SIMON Upcoming Earnings
Silicon Motion's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:SIMON Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed broad-based strength: record revenue, gross margins above 50%, robust segment-level growth (notably Ferri/Boot Drive and edge SSDs), and a clear multi-year growth roadmap with MonTitan and next-gen controllers. Headwinds center on industry-wide NAND/DRAM supply constraints, delayed high-density QLC availability, and some end-market softness (smartphones and PCs). Management provided confident near-term guidance (Q3 revenue and margin expansion) and reiterated expectations to more than double 2026 revenue and achieve >30% operating margins exiting the year. On balance, the positives — outsized revenue beats, margin expansion, rapid growth in high-ASP solution segments, and visible enterprise/AI ramp — outweigh the supply-related and macro lowlights.Company Guidance
Record Revenue and Strong Top-Line Growth
Q2 revenue of $451.0M, a sequential increase of 32% and year-over-year increase of 127%, marking the third consecutive quarter of record revenue. Company expects 2026 revenue to more than double year-over-year (>$100% YoY) and Q3 revenue guidance of $519M–$541M (up 15%–20% sequentially).
Robust Profitability Metrics
Non-GAAP gross margin of 50.2% in Q2 (above guidance of 48.5%–49.5%); operating margin of 23.1% (beat guidance of 21%–22%); EPS of $2.43 for the quarter. Management expects gross margin to rise to 50%–51% in Q3 and operating margin to expand to 27.5%–28.5%.
Strong Segment Momentum — Ferri and Boot Drive
Ferri (automotive & enterprise boot drive) and Boot Drive solutions more than doubled sequentially in Q2 and now represent near 30% of total revenue (up from 4% a year ago), indicating rapid diversification and strong demand from automotive and AI infrastructure markets.
MonTitan Enterprise SSD Ramp and Design Wins
MonTitan entered initial commercial production in Q2 with 2 Tier-1 customers and management expects 5 additional Tier-1 customer ramps in H2. Company targets MonTitan to contribute ~5%–10% of revenue exiting 2026 and is tapeing out a next-generation 4nm PCIe Gen6 controller (targeting hyperscalers/CSPs) to drive further growth in 2028.
Edge SSD and PCIe5 Progress
Edge SSD controllers delivered 40%–45% year-over-year growth; PCIe 5 4-channel controller is ramping steadily and is expected to help increase SSD ASPs through the remainder of the year.
Embedded eMMC & UFS Strength and Market Share Gains
Embedded eMMC & UFS portfolio expanded with sequential and YoY gains in edge SSD controllers; management cites market-share gains as NAND makers de-emphasize controller development and outsource to third-party suppliers like Silicon Motion, supporting ASP and revenue growth in mobile and IoT applications.
Outlook for Margin Expansion and Operating Leverage
Company expects to exit 2026 with operating margins above 30% after continued R&D investments and as higher-revenue mix from MonTitan, PCIe5 controllers and Boot Drive/Ferri solutions scale, indicating strong leverage potential.
Cash-Flow Discipline and Capital Allocation
Returned capital via dividends ($16.9M in Q2) while investing in inventories to support ramping businesses; management highlights longstanding NAND supplier relationships that helped navigate supply constraints and secure capacity.
MX:SIMON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed