B. Riley Securities Maintains Buy on Silicon Motion Tech, Lowers Price Target to $288

Silicon Motion Announces Results for the Quarterly Period Ended September 30, 2026

Silicon Motion reported strong Q3 2026 results with net sales of $560.2 million, up 24% Q/Q and 131% Y/Y. The company is transitioning from consumer-focused NAND flash controllers to a diversified leader serving AI infrastructure and edge markets. Key growth drivers include Ferri products for automotive and edge AI, enterprise boot drive solutions, and new MonTitan enterprise and AI controllers. Management expects record annual 2026 revenue with over 100% growth and projects Q4 2026 revenue of $588-616 million. The company also increased its annual dividend by 15% to $2.30 per ADS.

Silicon Motion Technology Raises Annual Dividend From $2 To $2.30 Per ADS

Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces

Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Rising borrowing costs could pressure fab and AI infrastructure while straining customers budgets. Semiconductor stocks also faced pressure after South Korea’s Kospi index fell more than 7% overnight.