SIMO

Broadcom AVGO reported third-quarter fiscal 2026 non-GAAP earnings of $3.32 per share, up 96.4% year over year and 3.11% above the Zacks Consensus Estimate. Revenues surged 85.5% year over year to $29.59 billion and beat the consensus mark by 0.41%. Strong custom AI accelerator and networking demand drove the quarterly results. AI semiconductor revenues jumped 221% year over year to $16.7 billion. Broadcom Inc. price-consensus-eps-surprise-chart | Broadcom Inc. Quote AI semiconductor revenues represented 56% of total revenues. XPU shipments increased more than 3.5 times year over year and accounted for 73% of AI revenues, while AI networking revenues rose more than 2.5 times.Broadcom shipped Ironwood TPU v7 in high volume to Anthropic and Google, began production shipments of Google’s next-generation TPU v8i and shipped OpenAI’s first-generation Jalapeno custom accelerator. AVGO expects Meta’s MTIA accelerator to enter production shipments in the fourth quarter.Semiconductor Solutions revenues surged 127% year over year to a record $20.84 billion and represented 70% of total revenues. Non-AI semiconductor revenues were $4.2 billion, up 5% year over year and flat sequentially.The segment's operating margin rose 440 basis points (bps) year over year to 61% as revenue growth outpaced operating expense growth. Broadcom continues to invest in research and development while expanding capacity for substrates and optical components to support semiconductor demand. Infrastructure Software revenues increased 29% year over year to $8.75 billion and contributed 30% of total revenues. Annualized recurring revenue (ARR) grew 15% year over year.Software operating margin expanded 650 bps year over year to roughly 84%. Broadcom also introduced VMware Private AI Cloud, aimed at letting enterprises run AI alongside existing applications while maintaining security, compliance and control over data. Non-GAAP gross margin was $22.19 billion, translating to a 75% gross margin. The margin declined 210 bps sequentially as AI semiconductor revenues became a larger part of the sales mix.Non-GAAP operating expenses were $2.1 billion compared with $2.04 billion a year earlier. Non-GAAP operating income increased 92% year over year to $20.1 billion, while the operating margin reached 67.9%, reflecting operating leverage from the sharp revenue increase. The company ended the quarter with $24 billion in cash and cash equivalents.Broadcom generated $14.20 billion in cash from operations and spent $532 million on capital expenditures. Free cash flow reached a record $13.67 billion, equal to 46% of revenues.AVGO paid $3.1 billion in dividends and reduced long-term debt by $5.6 billion during the quarter. The board also approved a quarterly dividend of 65 cents per share. For the fourth quarter of fiscal 2026, Broadcom expects revenues of approximately $34.8 billion, representing 93% year-over-year growth. Semiconductor revenues are projected at about $26.1 billion, including $21.7 billion of AI semiconductor revenues, up 236%.Infrastructure Software revenues are expected at roughly $8.7 billion. Broadcom forecasts a non-GAAP operating margin of about 66% and a gross margin of approximately 73% as the mix shifts further toward XPUs with higher memory content. Broadcom now expects fiscal 2026 AI semiconductor revenues of $58 billion, up 186% year over year and above its prior $56 billion outlook. The company has secured supply to support approximately $115 billion of AI semiconductor revenues in fiscal 2027.AVGO also sees fiscal 2028 AI semiconductor revenues reaching $230 billion. The company said demand exceeds its fiscal 2027 outlook, while deployment timing depends on factors including data-center readiness, leading-edge silicon, substrates and memory supply. Broadcom carries a Zacks Rank #3 (Hold) at present.Some better-ranked stocks in the broader Zacks Computer and Technology sector are Silicon Motion Technology SIMO, Sandisk SNDK and Teradyne TER. Each of the three stocks sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth rates for Silicon Motion Technology, Sandisk and Teradyne are pegged at 53.59%, 48.16% and 54.38%, respectively. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report Sandisk Corporation (SNDK) : Free Stock Analysis Report Teradyne, Inc. (TER) : Free Stock Analysis Report Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Workday, Inc. WDAY reported second-quarter fiscal 2027 non-GAAP earnings of $2.75 per share, which increased 24.4% from $2.21 a year ago. The bottom line beat the Zacks Consensus Estimate of $2.62 by 4.96%. Revenues rose 12.8% to $2.65 billion, beating the consensus estimate of $2.63 billion by 0.57%.Subscription growth, stronger margins and rising AI adoption supported the quarter. AI products drove more than $100 million of new annual contract value, representing more than 25% of total new Annual Contract Value (ACV). 12-month subscription revenue backlog increased 14.2% to $9.03 billion. Subscription services revenues rose 13.9% year over year to $2.47 billion, accounting for about 93% of total revenues. Roughly 60% of the increase came from expansion among existing customers, with the balance from customers added after the start of the comparable prior-year period. Professional services revenues slipped 1% to $178 million as Workday continued to leverage service partners. U.S. revenues increased 12% to $1.97 billion, while international revenues climbed 17% to $682 million. Total subscription revenue backlog grew 8% to $27.4 billion, and gross revenue retention remained about 97%. Workday, Inc. price-consensus-eps-surprise-chart | Workday, Inc. Quote Agentic AI annual recurring revenues approached $600 million, rising more than 200% year over year and 20% sequentially. More than 5,500 customers were using at least one organic Workday agent, up more than 35% from the prior quarter. More than half of net new wins included one or more AI solutions. AI activity was visible across products. More than 30 million candidates interacted with the Talent Acquisition Agent, which scheduled more than eight million interviews. 170 customers had purchased Adaptive Decision Intelligence, and more than 200 customers had signed up for Flex Credits. Total costs and expenses increased 11% to $2.34 billion. The rise included $126 million of higher employee-related expenses, $43 million of additional facilities and IT costs, and a $32 million increase in third-party hosted infrastructure spending. During the quarter, non-GAAP net income increased 13.2% to $677 million. GAAP operating income advanced 26% to $313 million, with margin improving to 11.8% from 10.6%. Non-GAAP operating income rose 21% to $824 million, while margin expanded to 31.1% from 29%. Workday attributed the improvement to revenue growth outpacing headcount growth and moderated operating expenses. GAAP results also included a $374 million nonrecurring tax benefit. Operating cash flow totaled $520 million, down from $616 million a year earlier, while free cash flow declined to $460 million from $588 million. During the first six months of 2026, the company generated $1.22 billion in cash compared with $1.07 billion in the year-ago period. Management attributed the year-over-year decline to the payroll calendar, which included an additional payroll run in the quarter. As of July 31, 2026, Workday had cash, cash equivalents and marketable securities of $3.4 billion with long-term debt of $1.99 billion. The company repurchased $1.3 billion of shares during the quarter, completing its $5 billion repurchase plan six months ahead of target. The board subsequently authorized a new open-ended $4 billion share repurchase program. For the third quarter of fiscal 2027, Workday expects total revenues of $2.69 billion, up 11%, and subscription revenues of $2.52 billion, up 12%. Management projects 12-month subscription revenue backlog growth of 11-12% and a non-GAAP operating margin of 30%. For fiscal 2027, total revenues are projected at $10.65-$10.66 billion, up 12%, while subscription revenues are forecast at $9.94-$9.95 billion, up 13%. Workday raised its non-GAAP operating margin outlook to 31%. It maintained operating cash flow guidance of $3.45 billion and expects $3.18 billion of free cash flow, up 15%. Management's current fiscal 2028 target calls for subscription revenue growth of about 11%, consistent with the expected second-half fiscal 2027 growth rate. Potential upside could come from Sana Enterprise, Workday Extend with Data Cloud and AI agents, all of which management said are seeing strong early demand. Workday also expects its non-GAAP operating margin to expand by at least two percentage points in fiscal 2028. The company is prioritizing adoption before full monetization of consumption-based AI products, with management expecting AI to become a more significant contributor to incremental annual recurring revenues from fiscal 2028 and beyond. Workday currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Silicon Motion Technology Corporation SIMO sports a Zacks Rank #1 at present. In the last reported quarter, it delivered an earnings surprise of 14.08%. It is benefiting from growing demand for NAND flash storage solutions driven by AI, data centers, PCs, smartphones and automotive applications. Its focus on advanced controller technologies, PCIe Gen5 solutions and expanding embedded storage offerings is expected to support long-term growth and strengthen its position in the storage semiconductor market.Texas Instruments Incorporated TXN carries a Zacks Rank #2 at present. It delivered an earnings surprise of 12.04% in the last reported quarter. The company is experiencing strong demand for analog and embedded processing solutions across industrial, automotive, communications and personal electronics markets. Its focus on product innovation, manufacturing capacity expansion and embedded processing technologies is likely to drive long-term growth.Amazon.com, Inc. AMZN carries a Zacks Rank #2 at present. It delivered an earnings surprise of 2.73% in the last reported quarter.Amazon continues to gain from strong demand for e-commerce, cloud computing, and digital advertising services, supported by the growing adoption of AI. Its expanding Amazon Web Services business, investments in generative AI and cloud infrastructure, and growing fulfillment network support sustained growth and strengthen its competitive position. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Workday, Inc. (WDAY) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investors might want to bet on Silicon Motion (SIMO), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this chip company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Silicon Motion, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $3.30 per share, which is a change of +230.0% from the year-ago reported number. The Zacks Consensus Estimate for Silicon Motion has increased 43.06% over the last 30 days, as six estimates have gone higher compared to no negative revisions. The company is expected to earn $11.16 per share for the full year, which represents a change of +214.4% from the prior-year number. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Silicon Motion. Over the past month, six estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 27.03%. The promising estimate revisions have helped Silicon Motion earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. While strong estimate revisions for Silicon Motion have attracted decent investments and pushed the stock 8% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Silicon Motion Technology has delivered a very strong 376.6% return over the past three years, yet on Simply Wall St’s checks it still carries a low overall value score, which suggests the recent share price strength may be running ahead of some fundamentals. Around 376.6% total return over three years points to a stock that has already rewarded investors heavily and raises the bar for what future performance would need to justify today’s valuation. New AI focused storage products and automotive partnerships can support higher growth expectations for Silicon Motion Technology, while execution risk around these newer offerings may weigh on how much of that optimism is already priced in. With the company screening as undervalued on some multiples but passing only 2 of 6 valuation checks, the broader picture leans more expensive than a clear bargain. The issue now is whether Silicon Motion Technology’s current price still leaves enough room for long term returns after such a strong run. Silicon Motion Technology delivered 239.9% returns over the last year. See how this stacks up to the rest of the Semiconductor industry. The P/E multiple fits Silicon Motion Technology well because the stock is already profitable and covered by analysts. Right now the shares trade on a P/E of 30.0x, which is very close to the peer average of 29.8x and sits at a discount to the broader semiconductor industry on 52.6x. The fair P/E ratio from the model is 40.0x, which is higher than both Silicon Motion Technology’s current 30.0x and its direct peers. That gap suggests the stock is priced below what the model implies for a company with its current earnings profile, sector, size and risk characteristics. Despite recent discussion around its AI and automotive storage announcements, the market multiple still prices Silicon Motion Technology at a lower level than this fair P/E benchmark. On this P/E yardstick, Silicon Motion Technology stock currently appears undervalued relative to where the model suggests it could trade. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where this valuation puzzle for Silicon Motion Technology leaves off and clarify what would need to happen to growth, margins and earnings for the stock to be worth materially more or less than it is today. Each Narrative ties a fair value estimate to a specific storyline about Silicon Motion Technology's possible catalysts and risks, so you can track over time which version of events appears to be unfolding on the Community page. Community views on Silicon Motion Technology now sit at opposite ends of the spectrum, with one camp seeing upside left and the other focused on downside risk. Bull case: 9% undervalued Read the full Bull Case to see why Silicon Motion Technology could be undervalued Bear case: 77% overvalued Read the full Bear Case to see why Silicon Motion Technology could be overvalued Do you think there's more to the story for Silicon Motion Technology? Head over to our Community to see what others are saying! Silicon Motion Technology screens as undervalued on its tailored P/E multiple, yet the broader set of valuation checks is weak. That split suggests the current price already bakes in a fair amount of optimism, even if some upside appears on the multiple model. The key question is whether the AI and automotive storage products can deliver consistent earnings that support both this higher expectations bar and any further rerating. The crux of the bull versus bear debate is whether that apparent discount reflects mispricing or a fair penalty for execution risk in these newer growth areas. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SIMO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Image source: The Motley Fool. Thursday, July 30, 2026 at 8 a.m. ET Vice President of Investor Relations and Strategy - Thomas Andrew Sepenzis President and Chief Executive Officer - Chia-Chang Kou Chief Financial Officer - Jason Tsai Operator: Good day, and thank you for standing by. Welcome to the Silicon Motion Technology Corporation Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. This conference call contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 as amended. Such forward-looking statements include, without limitation, statements regarding trends in the semiconductor industry and our future results of operations, financial condition and business prospects. Although such statements are based on our own information and information from other sources, we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends and our results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to, continued competitive pressure in the semiconductor industry and the effect of such pressure on prices, unpredictable changes in technology and consumer demand for multimedia consumer electronics, the state of and any change in our relationship with our major customers; and changes in political, economic, legal and social conditions in Taiwan. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the Securities and Exchange Commission. We assume no obligation to update any forward-looking statements, which apply only as of the date of this conference call. And with that, I'll now hand you over to Mr. Tom Sepenzis, Vice President of Investor Relations and Strategy. Please go ahead. Thomas Andrew Sepenzis: Good morning, everyone, and welcome to Silicon Motion's Second Quarter 2026 Financial Results Conference Call and Webcast. Joining me today is Wallace Kou, our President and CEO; and Jason Tsai, our CFO. Wallace will first provide a review of our key business developments, and then Jason will discuss our second quarter results and outlook. Following our prepared remarks, we will conclude with a Q&A session. Before we begin, I would like to remind you of our safe harbor policy, which was read at the start of this call. For a comprehensive overview of the risks involved in investing in our securities, please refer to our filings with the U.S. Securities and Exchange Commission. For more details on our financial results, please refer to our press release, which was filed on Form 6-K after the close of market yesterday. This webcast will be available for replay in the Investor Relations section of our website for a limited time. To enhance investors' understanding of our ongoing economic performance, we will discuss non-GAAP information during this call. We use non-GAAP financial measures internally to evaluate and manage our operations. We have, therefore, chosen to provide this information to enable you to perform comparisons of our operating results in a manner consistent with how we analyze our own operating results. A reconciliation of the GAAP to non-GAAP financial data can be found in our earnings release issued yesterday. We ask that you review it in conjunction with this call. With that, I will turn the call over to Wallace. Chia-Chang Kou: Thank you, Tom. Hello. Thank you for joining the call today. We delivered another outstanding quarter, achieving record revenue of $451 million and gross margin above 50%, driven by continued growth across all our core markets. Stronger operational performance translate into record earnings per ADS, reflecting our ongoing solution from the leading NAND side controller makers into a diversified supplier of controller and solution, spanning AI infrastructure to the edge. During the June quarter, we grew our embedded eMMC & UFS portfolio, delivered both sequential and year-over-year gains in edge SSD controllers, began the initial commercial ramp of our MonTitan enterprise lead products and posted strong growth in our Ferri for Automotive & Enterprise boot Drives Solution business. With expanding consumer market share and rapidly broadening suite of enterprise and AI controller and solutions, our competitive position keeps strengthening. We expect to deliver record revenue in 2026, up more than 100% year-over-year, setting the foundation for sustained growth in the years ahead. With the right product in the right market at the right time, we have never been better positioned to capitalize on the accelerating demand for intelligent storage from the data center to the edge. I would like to take a moment to address the current market environment. The AI super cycle has fueled significant demand for HBM, DRAM, NAND and HDDs, driving substantial price increases over the past year and creating mounting substrate and supply pressure across memory and storage technology. As component prices, NAND and DRAM, in particular, continue to climb, OEMs are finding it increasingly difficult to build affordable consumer products such as smartphone and PC, especially at the low end. We expect this scarcity to persist likely until 2028 when new fabs come online and help bring NAND supply back to reduce supply-demand gap. While the NAND environment will stay challenging through 2028, we have a clear path to deliver significant top and bottom line growth. Silicon Motion is in the early inning of a complete transformation to a diversified supplier of NAND flash controller and solution from AI infrastructure to the edge where there is accelerating demand for next-generation storage. I will now discuss our embedded eMMC & UFS business, which include controller for smartphone and other IoT and connected devices. This business continued to thrive and grow significantly outpace industry despite the supply headwind as NAND makers increasingly rely on third-party controller while focusing their own resources on DRAM HBM solutions. Our outperformance was driven primarily by market share gains as NAND makers deemphasize these solutions to their benefit to our module maker customers. Across the many makers -- across the many markets where we sell our Embedded eMMC & UFS products, OEMs are trimming specification to offset some of the rising costs of memory and storage. While we still expect smartphone unit to be down 10% to 15% in 2026, we anticipate strong growth in our mobile business in 2026, driven by continued market share gains and ASP improvement from a mix shift toward newer UFS controllers. Our eMMC business delivering strong results as we win new business across a range of markets, including automotive, smart glasses, watches, drones, robots, next-generation cable set-top box, smart TV and more. With the NAND maker interested in these markets, we were operating in an environment of stronger pricing power and profitability. Overall, we expect strong revenue growth in our Embedded eMMC & UFS segment in 2026, and I'm pleased with the exceptional performance our team delivered in the first half of this year. We expect our growing portfolio of new product transition to next-generation solution and expansion into additional markets to drive share gains to keep outpacing the macro pressure in the smartphone market. Moving on to our SSD business, which includes edge and enterprise SSD controllers. Our edge SSD business improved significantly in the second quarter following a seasonally soft first quarter, delivering 40% to 45% year-over-year growth. We are beginning to see payoff from our PCIe 5 investment at the edge with our 4-channel controller ramping steadily since its introduction in the fourth quarter of last year. However, the transition from PCIe 4 to PCIe 5 is proceeding more slowly than we anticipated 6 months ago. OEMs are increasingly pairing the latest generation more cost-effective NAND with PCIe 4 SSD in value and mainstream PC. This offers a way of reducing the overall bill of material. We are securing a meaningful share of this business across both NAND makers and module manufacturer with our leading controllers. Despite the slower pace of PCIe 5 transition, our 4-channel [indiscernible] PCIe 5 controller continue to gain adoption among customers seeking leading performance in the mid- to high-end segment of the PC market. We, therefore, expect to further increase SSD average selling price as we progress through the remaining of the year. I would now like to provide you with an update on our MonTitan Enterprise SSD business. Our new ESD business entered commercial production in the second quarter with 2 Tier 1 customers, and we expect to ramp 5 additional Tier 1 customers in the second half of the year. There is an exceptional strong start after several years of investment in our enterprise AI class controllers. NAND is an essential and growing technology across the enterprise storage ecosystem, spanning warm storage and compute storage application and MonTitan is well positioned for rapid growth. Our first customers are targeting the compute market using TLC NAND, which is in growing demand for next-generation AI platform that leverage NAND to support compute storage solution that deliver high-speed, low-latency storage dedicated for near GPU and near CPU KV cache. Several customers are leveraging MonTitan to target this market and will be ramping production throughout the remainder of this year. We continue to believe that TLC MonTitan solution will ramp faster than TLC-based solution until 2 terabit TLC NAND dies become more broadly available. High-capacity 1-story SSD leveraging TLC NAND remains a large addressable market for Titan for long-term growth, and we expect the TLC-based solution will begin their initial ramp in the second half of the year with multiple customers. We are seeing increasing inbound interest in our MonTitan solution to drive long-term growth. Finally, we are completing the tape-out of our next-generation 4-nanometer PCIe Gen 6 controller in August of the year, targeting hyperscaler and CSP. We developed this controller in close collaboration with several customers, and we have already secured multiple design wins with both flash makers and CSPs. We expect this new controller to be a significant growth driver in 2028. With TLC and TLC MonTitan controller already in customer qualification and clear rollout plan in place, I'm confident we will hit our revenue target this year, and I expect significant growth in 2027 and beyond as the business scales. Our customer base is strong and expanding and MonTitan is well positioned to drive meaningful revenue growth from here. I look forward to sharing further updates. And finally, I would like to provide an update on our Ferri for Automotive & Enterprise Boot Drive storage business. Our Ferri for Automotive & Enterprise Boot Drives storage business is growing rapidly across automotive and AI infrastructure markets. NAND makers are leaving the automotive market as the volume are not meaningful to their business and the quality and technical support demand are significantly greater than in other markets. As the NAND makers exit automotive, the module makers should seem likely successors, but they do not have the infrastructure, the resources, the certification process or the expertise to deliver automotive-grade products. This has benefited Silicon Motion significantly as we know the automotive market, the customers and supply chain extremely well. We have developed our automotive product and certification for over a decade and already support 3 of the NAND makers with our automotive controller and firmware. Our success in automotive has generated interest in our Ferri solution for additional large and growing markets, including robots, drones, advanced networking and other applications. In the emerging robotic market, we are now actively engaged with multiple companies that want to leverage our storage product. We believe there are multiple opportunities in the emerging physical AI market for storage in humanoid robotics, including vision system, LiDAR, computing storage, [indiscernible] system and many others. In fact, it appears that from our initial conversation, the opportunity in robotics may be larger than automotive, and our Ferri solution will be ideally suited to support this future opportunity. Moving on to our growing enterprise Boot Drive business. This is a new and growing market. Enterprise Boot Drive for server CPU has been around for over 30 years, and the NAND maker have supported this market with solutions that employ both DRAM and NAND. As we move into next generation of AI and enterprise application, enterprise CPU customers will continue to use enterprise boot drive with DRAM to enhance [indiscernible] performance and reduce latency. Most other customers, including GPU, CPU and switch makers are looking for enterprise Boot Drive solution which our unique [indiscernible] technology that offer enhanced security and is our primary focus today. While some NAND makers may choose to continue the support of conventional architectures, they do not have DRAM-less PCIe SSD controller, and they are not likely going to dedicate the resources necessary to develop them for comparatively low volume market. Silicon Motion has the right technical know-how, the leading controller and firmware technology and the right leadership to deliver turnkey enterprise Boot Drive solution, and this is why we are winning in the market. The Ferri and Boot Drive storage solutions segment is growing rapidly, and we expect new customer design wins in both automotive and AI infrastructure to drive strong growth for the future. One of the most important reasons of our success in the solution business has been our long-term relationship, which have allowed us to secure NAND from multiple suppliers despite recent supply shortage, a significant and enduring differentiator. In second quarter '26, Ferri and Boot Drive solutions more than doubled sequentially and represent near 30% of our total revenue, up from 4% a year ago, and we are just getting started. In conclusion, we reported our second consecutive quarter of record revenue for Silicon Motion as we executed across our rapidly diversifying business. We are fundamentally a much stronger company today than we were just a year ago with a broad suite of products to support the increasing demand from AI, from the data center to the edge. This gives us a strong balance across our markets and greater flexibility to capitalize on pockets of strength while overcoming end market challenge like those we are seeing today in PC and smartphones. I'm extremely proud of our teams for building a durable, diversified business that benefit from best-in-class technology, expanding share and entering into new end markets, all while monetizing the strong relationship we have built with OEMs, module makers and NAND maker over the past 2 decades. I'm more confident than ever that we will deliver broad-based sustainable growth across our business in 2026 and beyond. Now let me turn the call to Jason to go over our financial performance and outlook. Jason Tsai: Thank you, Wallace, and good morning to everyone joining us today. I will discuss additional details of our second quarter results and then provide our outlook. Please note that my comments today will focus primarily on our non-GAAP results unless otherwise specifically noted. A reconciliation of our GAAP to non-GAAP data is included in the earnings release issued yesterday. Our second quarter performance was even stronger than expected. Sales increased 32% sequentially and 127% year-on-year to $451 million, coming in well above the high end of our guided range of $393 million to $411 million, delivering our third consecutive quarter of record revenue. We experienced strong growth across all our businesses in the second quarter with standout growth in Ferri for automotive, enterprise boot drives and embedded eMMC & UFS. Gross margin was 50.2%, exceeded our guided range of 48.5% to 49.5% as we capitalize on new product introductions. Operating expenses increased sequentially to $122.1 million, given increased investments in new controller and solution development, new tape-out-related expenses and higher headcount. Operating margin was 23.1% and exceeded our guided range of 21% to 22%, driven by higher-than-expected revenue and gross margins during the second quarter. Our earnings per ADS was $2.43. Total stock-based compensation, which we exclude from non-GAAP results, was $3.4 million in the June quarter. We had $181.8 million in cash, cash equivalents and restricted cash at the end of the second quarter compared to $210.9 million at the end of the first quarter. Cash decreased in the second quarter through a combination of dividend payments of $16.9 million and an increase in inventories to support our growing business. We continue to navigate the memory and storage supply challenges effectively. Investments in new advanced geometry products for both our established markets and our emerging enterprise markets are ongoing, and we are building a balanced and resilient portfolio of products that target everything from AI infrastructure to the edge. These investments will continue throughout 2026 as we support the growing demand for our new enterprise portfolio and fuel our growing market share across our consumer portfolio. For the third quarter of 2026, we now expect revenue to grow 15% to 20% sequentially to $519 million to $541 million. We expect growth across nearly all our product segments, led by Ferri for Automotive, Enterprise Boot Drive solutions and our new MonTitan enterprise SSD controllers. Gross margins are expected to increase sequentially to 50% to 51% in the September quarter, given the product mix existed by greater contribution from MonTitan and our PCIe 5 controllers. Operating margin is expected to grow substantially to 27.5% to 28.5% as strong revenue growth drives leverage to the bottom line. Our effective tax rate is expected to be 22%. Stock-based compensation and dispute-related expenses is expected to be in the range of $14.9 million to $15.9 million. 2026 is on track to deliver record revenue for Silicon Motion, with top line expected to more than double this year. While we continue to invest heavily in R&D this year to expand our portfolio with leading-edge solutions, we're confident that along with much higher revenue and improved gross profitability, our operating margins can exceed 30% exiting this year. We are navigating today's memory and storage supply constraints and elevated pricing with remarkable success, a direct result of the relationships we spent more than 2 decades building with NAND flash makers. At the same time, our leadership in the merchant controller market and our multiyear investments in enterprise and AI SSDs are starting to pay off with MonTitan and our enterprise boot drive storage business now ramping in volume. Our diversification strategy to expand beyond consumer-centric applications into automotive and enterprise is beginning to yield outsized results. Our wins in these new markets are for solutions that bring much better visibility, much longer product cycles and much higher barriers to entry that ensure strong long-term revenue and profitability growth for Silicon Motion. We will be less subject to consumer cyclicality as these new wins scale in a diverse range of end markets and our visibility and predictability will further improve significantly. Together, these drivers are the foundation of the transformation Wallace spoke about earlier and will set the stage for significant revenue growth at Silicon Motion in 2026 and well beyond. I look forward to sharing more on our progress next quarter. This concludes our prepared comments. I'd like to open it up for questions. Operator? Operator: [Operator Instructions] we will now take our first question from the line of Neil Young of Needham & Company. Neil Young: So it sounds like there's some bigger contribution from Ferri that I think people have expected. So I was wondering if you could give us the approximate Boot Drive revenue contribution in 2Q or maybe some idea of the percentage split between the Boot Drive -- enterprise Boot Drive and Ferri? And maybe what's embedded in the 3Q guidance between the 2 of those? And then I have a follow-up. Jason Tsai: Yes. Neil, we're not giving out that level of granularity. I can tell you, though, that we are seeing tremendous growth across both of those categories. So this isn't really driven by one or the other. It's driven by both. For Q3, again, we're not going to be providing that much detail. But certainly, from the backlog that we've talked about -- that we've seen that we have been building and the order patterns that we're seeing, we're seeing very strong contributions across all of these SSD solution products. Neil Young: Okay. Great. That's helpful. And then on MonTitan, you obviously gave the update on the customers in production, sort of what you're expecting to the rest of the year. Are you still guiding to that 10% revenue run rate exiting 2026? And then maybe helpful if you could distinguish the timing of the TLC compute and the KV Cache programs from the QLC warm storage programs, just what you're seeing there? Jason Tsai: Yes, we're still on track. I think Wallace had mentioned that we're well on track to achieve that 5% to 10% of our overall revenue coming from MonTitan exiting this year. So we are confident that we can achieve that. In terms of where we're seeing more contribution, certainly, initially, we're seeing more contribution from TLC-based solutions. but we are seeing early QLC shipments that will begin late this year. But we don't expect QLC to become more meaningful until probably late '27 into '28 as 2 terabit dies become more affordable. Operator: And the next question comes from the line of Mehdi Hosseini from SFG. Mehdi Hosseini: I think it will be very helpful for us and the investment community if you guys could elaborate on the revenue mix by end market, like enterprise, consumer and auto and how it would map to specific products? And I understand you don't want to be specific, but any kind of a qualitative view on how end market and products are mapping will be great. And I have a follow-up. Chia-Chang Kou: I think as we said in the past, all our product lines are growing in 2026. Of course, SSD, I think because the PC market unit declined. But however, due to the market share gain, we continue to grow 50% compared with the last year first half. Our enterprise because the base is small, so we grow faster enterprise controller. And for Ferri and for automotive and Boot Drives, we do have multiple major customers supporting our growth trends. So we expect to see continued growth through the 2026 and to 2027. Jason Tsai: I think another way to look at it also is the majority of eMMC & UFS is really going to be consumer-centric. Today, SSD controller sales, the majority of that is going to be consumer-centric going to edge SSD controllers. But certainly, as we exit this year, getting to that 5% to 10% coming from MonTitan contribution. Ferri and Boot Drives, Ferri for automotive and enterprise Boot Drive solutions, again, you can see -- you can imagine those are going to be more -- less consumer-centric. Mehdi Hosseini: Okay. Moving on to my next question, the 2-terabit die and the timing of the [ QLC ] ramp. It's been more than a year of waiting. And I'm just wondering if Wallace could share with us, is there a qualification that is an issue? Is that the capacity? Or is there something else? And I'm asking this question in the context of would this actually provide an opportunity for controller suppliers like Silicon Motion? Or is it just a manufacturing ramp that is delayed? Any color would be great. Chia-Chang Kou: So I think you asked a very good question. We have been waiting for also a very long time, too. The 2 terabit QLC is supposed to be the great darling for the NAND industry and to drive the QLC-based storage SSD to be the next level. However, due to the price increase, supply shortage, I think high-capacity data storage drive is less attractive because the price is too high. And we also see the DRAM NAND maker, the [indiscernible] putting more focus and CapEx into the DRAM HBM. That's why the development for 2 terabit have to fine-tune the quality to next level is take a much longer time. So this is why at the current market situation, [indiscernible], I think the DDR5 HBM is more attractive and driving more high profit. But it just takes some time we believe because still high demand for the -- through the AI inference for the data storage. So demand for storage is much bigger than the current supply. And through the new CapEx, we see the arrangement 2028 will see meaningful recovery from NAND supply. And we see -- that's why we see all the NAND makers should have a 2 terabit QLC by that time. Jason Tsai: And I want to make it clear, Mehdi, that the delays here are on availability of NAND side. Our controllers are here. Our controllers are ready. As we said, we're going to be starting to ramp -- early ramp of some of the QLC-based solutions with our customers by the end of this year. So this isn't something that's a controller issue. This is an industry availability issue of the NAND. Operator: We will now take our next question. And the next question comes from the line of Matthew Bryson of Wedbush. Matthew Bryson: Congratulations on the great results. Just with gross margins, given how strong the embedded piece was and that's typically a lower gross margin segment for Silicon Motion. I would have expected a little bit of a headwind there. Can you talk a little bit about the puts and the takes that affected the gross margin line in Q2? Jason Tsai: Yes. So I think what we've always said is that our MonTitan controllers are margin accretive. And so as those have begun to ramp, that's been able to help offset and drive strong gross margins for us here in the second quarter as well as in the back half of the year. The back half of the year, we're also going to benefit from additional growth in our PCIe 5 controllers, for example. So that's -- all of these things are going to be margin accretive. That's going to offset some of the margin pressure that we see from the solutions business. Matthew Bryson: And Jason, just when we're thinking about things moving forward with MonTitan seemingly being as successful as it's been. I know longer term, you talked about kind of gross margins being a little bit below 50%. Should we be rethinking that if MonTitan is going to ramp like this? Any commentary there would be really helpful. Jason Tsai: Yes. I think we're still comfortable with the 48% to 50%. As I think we've said in the past, we're going to see a little variability to that depending on mix in any given period. So we're still targeting 48% to 50%. Certainly, in certain periods like Q2, Q3, when we're seeing a little bit above that, we're certainly going to be able to take advantage of some of these mix benefits in the near term. But long term, we still expect to be in that 48% to 50%. Operator: The next question now comes from the line of Sebastien Naji of William Blair. Sebastien Cyrus Naji: congrats On another quarter of record results here. First, I just wanted to ask about what you're seeing in the mobile market and specifically at the Chinese smartphone makers. Last night, Qualcomm reported and posited that calendar Q2 will be the trough for China handset demand in their business. And given your exposure to some of those vendors, could you maybe just comment on whether you're seeing the same signals that point to a potential recovery in the second half or if you're seeing anything different? Chia-Chang Kou: Yes. We see the China smartphone market is very challenging due to the price increase of both LPDDR5 and also the storage product. And for especially value line, I think they suffer much more because if you're looking for the DRAM and the NAND, almost 56% of the total [ BOM ] cost for the low-end smartphone. So this is a challenge. But however, because we work with the NAND maker outsourcing to us in certain models and module maker continue to gain market share and we benefit from collaborating with the smartphone maker directly through the QLC development. So we see our demand for smartphone for our UFS and eMMC continue to grow from Q2 and also moving to next quarter. I think we do not have a significant market share in the low end. That's why the impact for our business is relatively small. Sebastien Cyrus Naji: Got it. Okay. Okay. That's helpful. And then maybe for my follow-up, just on the Boot Drive business. Can you comment on whether you're starting to see the benefit of BlueField-4 sales in either Q2 or your Q3 guidance as NVIDIA starts to ramp their Vera Rubin platform? Or has much of the growth so far been tied to the first-generation BlueField-3 program? Chia-Chang Kou: We cannot comment specific regarding the time, but I think the BlueField-4 definitely will go with customers' announcement, right? But we do have a pretty large share for BlueField supply for the Boot Drive. So we're very happy when they ramp up in the second half of this year. Operator: And our next question comes from the line of Craig Ellis of B. Riley Securities. Craig Ellis: Team, congratulations on the AI solution evolution that you're engineering with the business. Wallace, I wanted to start by seeing if you could characterize the growth that we could expect to see in the Ferri and DPU business over the next few quarters versus what we've just seen that 110% rise. And similarly, help us frame the right expectations for MonTitan. And I wanted to see if in so doing, you could also help us understand if you thought the MonTitan business could over time rise to the size of what you're seeing with Ferri and DPU? Chia-Chang Kou: Yes. We cannot comment specific customer. But what I can tell you our Boot Drive business is going to grow very strong, not just through one customer through multiple customers. We said last time, our Boot Drive not only winning for DPU, also winning for TPU and the telco company, and we see we're engaged with the leading server maker, too. So our Boot Drive will grow very broadly. But definitely with the leading GPU company, it will go even much stronger and even for next year. Our MonTitan is very exciting. We have 2 Tier 1 customers ramping for the second quarter. We added 5 more customers coming in the second half. And we believe next year, we're going to ramp much more revenue growth than this year. And with our PCIe Gen 6 and much broader design win even before we tape out, so we have very, very high confidence our MonTitan Gen 5, Gen 4 going to carry significant growth for the company for long-term growth and profitability. Jason Tsai: I'd also point out that our solutions business in Boot Drive -- just a reminder, it's controller plus NAND. So ASPs are going to be naturally much higher than what you're going to see on a controller only. So while certainly, we're excited about the scale and opportunity MonTitan, just keep that difference in mind where ASPs are going to be certainly lower on MonTitan than relative to the Boot Drive side. Craig Ellis: Yes. And that really relates to my follow-up question, Jason. So thanks for the color. And the question is this, given the company's unusually long-and-broad expertise with NAND makers as a controller designer and given the evolution we're seeing in the memory industry, where customers really want full solutions, to what extent are customers asking for more of a full solution beyond what you're providing today in businesses that may be auto-related or associated with MonTitan? And to what extent would that look attractive for you as a way to further evolve the business model? Chia-Chang Kou: Yes, you raised a pretty good question. I think the today, MonTitan controller business are totally independent of Boot Drive business. However, I think in certain cases, we see the added value together as the package sales and penetration. And because we do see our Boot Drive solution business have very unique position because, first of all, NAND maker does not have a enterprise SSD controller. Second, they have less interest to invest for because it's a rather smaller market compared with the enterprise SSD solution. So we are in a very unique position to grow the enterprise Boot Drive business. At the same time, we can also offer the MonTitan controller business together to support the Tier 1 customers who don't get the enough supply from NAND maker directly. So that is how we play and try to grow together. So far, MonTitan, because we already have very, very strong momentum, and we have -- we don't even have enough R&D resources to support so many projects, it's very exciting to see the position we are today, but we'll continue to invest, and we're definitely going to see much stronger growth in 2027. Operator: Our next question now comes from the line of Shubham Sigania from JPM. Gokul Hariharan: Yes. This is Gokul from JPMorgan. So first question on the boot drive market, Wallace, could you help us kind of size this market a little bit because it seems like this market is growing much faster and become much larger than what we would have expected or even you would have expected maybe a year back when you outlined this market for us? And secondly, could you also address how the market share and competition you're expecting to shape up here, given it looks like right now, Silicon Motion is kind of large majority of the market, do you feel like there will be some competition entering this market in the next maybe 1 or 2 generations? Chia-Chang Kou: Okay. I think the Boot Drive business have a very, very wide range opportunity. First of all, near CPU Boot Drive with conventional enterprise controller with DRAM together, because with DRAM, you have a much better random write performance and with low latency. So that's for server CPU, doesn't matter Intel or AMD or even Vera, they have Boot Drive with DRAM. That business belongs to NAND maker. It's conventional, traditional. We don't compete that sector. However, I think some of server makers come to Silicon Motion, they will like have a solution. So we do provide some controller to either NAND maker or to module maker to support that portion with the DRAM for boot drive. But for the rest of the other sector like DPU, like TPU, MPU, like switch, like NVLink switch like Ethernet switch, the boot drive, they need -- and today, they favor [ DRAM ] because the cost is better without DRAM. And we have a specific security support and performance also very good. And as long as we can secure the NAND supply, that portion is really our crown jewelry to grow in the next few years. We do see the demand is stronger because the Boot Drive number per server rack, that's huge. That's more than 30, 40, it depends the server rack. So this is a really great opportunity we see. And not only the number of Boot Drive also capacity might be increased in the next few years, right? So this really can boost our sales revenue growth and the top line and the bottom line. Gokul Hariharan: Any thoughts on competition, Wallace, from either regular NAND makers or any of the other module makers that you do see coming into this market? Or do you think you've got this largely locked down for the next couple of generations? Chia-Chang Kou: So far, we see we are comfortable in [ current ] position. We do not see more competition and really to NAND maker because the [ density ] is really 256 gigabytes, 512 gigabytes compared with enterprise drive, 16 terabytes, 36 terabytes is much, much smaller. So we don't see competition from NAND maker come here. And we are largest company, we also don't see the competition from module maker either. Gokul Hariharan: Understood. That's clear. My second question is on MonTitan. And could you talk a little bit about your market opportunity, especially as you migrate to PCIe Gen 6 with your next-generation MonTitan platform? What is the competitive landscape looking like? Because as I remember, several enterprise controller companies are kind of terminating or slowing down their development in PCIe Gen 6. So could you help us understand like your market opportunity when it comes to MonTitan with PCIe Gen 6. I think originally, it was mostly about QLC, but it definitely seems like they have kind of expanded beyond just the QLC opportunity to kv cache offloading and some of the TLC opportunities stuff. Chia-Chang Kou: I think our MonTitan Gen 5 has already set a foundation for our customer. So when we develop Gen 6 not only Gen 6, Gen 5 customers are signing, but we attract many Tier 1 customers from NAND maker and CSP. So there's more than a dozen Tier 1 customers waiting for MonTitan PCI Gen 6 sample. And this will have a very unique architecture we have -- we offer, particular focus on either AI inference, especially around the NVIDIA CMX architecture, but also particularly for the data storage, right? So we have multiple dimension and support and support multi-host and also it will be very efficient under the new AI route. And we work with closely with the NAND maker and also leading server maker as well as the CSP. And so this particular strong feature, we exclusively designed for certain customers. We believe when MonTitan PCIe Gen 6 start to ramp will be much stronger and faster, bigger than our PCIe Gen 5. Gokul Hariharan: Got it. Any idea about how much of the market can you address with the PCIe Gen 6 solution? Do you think you can address maybe 30%, 40% of the market already with that or that is too high an expectation? Chia-Chang Kou: Well, we set the market just a minimum 15% to 20% at the beginning. Hopefully, it can grow faster. Operator: [Operator Instructions] And next question comes from the line of Suji Desilva of ROTH Capital. Sujeeva De Silva: Congratulations on the progress here. Maybe the first question for Jason. With the mix that's steadily shifting, would we think that seasonality would be more muted in the '27 time frame or '28 perhaps and linearity be greater, more steady? Or would that still be kind of a further out trend? Jason Tsai: Yes. We're not going to comment on '27 yet at this time. We're only guiding 1 quarter out. So stay tuned on that. To your point, there are a lot of moving pieces depending on how quickly certain businesses scale, that could certainly limit the seasonality that we historically would see. But right now, given how much we're in the early stages of some of these businesses ramping and some of these new customers coming on, it's hard for me to say right now, and we're not guiding that far out. Sujeeva De Silva: Fair enough, Jason. And then maybe the second question for, Wallace, perhaps. The Ferri road map, how are you evolving that to support newer end markets like robotics? And when might that be a meaningful contributor? How far out can that be? Chia-Chang Kou: It's a very good question, and we have been constantly monitoring the survey and engage with robot developers from China and U.S., also including the drone. And so we see the drone will come in earlier with a high volume and robot will probably come later. But however, the diversify is so many new opportunity for the storage and not just one solution per robot, it's multiple. So there's many -- we would like to engage and also provide certain reference as well as the custom design to show the differentiation with the robot maker. And now I think the initial for next year, the volume is still pretty small, but we believe 2030 will be much higher volume, and we want start in the early stage and make sure we can occupy the higher market share. Operator: Next is a follow-up question from the line of Mehdi Hosseini from SIG. Mehdi Hosseini: A couple of follow-ups. First one, would it be possible if you could just elaborate on the mix of eMMC & UFS, either the mix of the specific product or mix by like a smartphone versus other consumer electronics? And I do have another follow-up. Jason Tsai: So within the eMMC & UFS business, majority of revenue comes from UFS just given that it's a much higher ASP product. Unit volumes in eMMC are still very strong. But given the much lower ASPs in eMMC, it's a much smaller -- it's a smaller contributor to our overall revenue. The vast majority of our UFS business is going to smartphones. The majority of our eMMC business is going to really more IoT consumer-centric connected devices. Mehdi Hosseini: Got you. And then I'm not asking for a guide, but when I look into 2027, your commentary and excitement around new product ramp suggests to me that Ferri and Boot Drive could at least be 1/3 of your revenue mix. Is that in the ballpark? Jason Tsai: Look, I think certainly, the backlog we have and the strength we're seeing in the pipeline with our customers and new customers ramping, I think that's certainly a possibility. Operator: We have now reached the end of the question-and-answer session. I'll now turn the conference back to Mr. Wallace Kou for closing remarks. Chia-Chang Kou: Thank you, everyone, for joining us today and for your continuing interest in Silicon Motion. We will be attending several investor conferences over the next few months. The schedule of these events will be posted on the Investor Relations section of our corporate website, and we look forward to speaking with you at this event. Operator: Thank you for your participation in today's conference. This does conclude the program. You may now disconnect your lines. Before you buy stock in Silicon Motion Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Silicon Motion Technology wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $397,405!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,344,091!* Now, it’s worth noting Stock Advisor’s total average return is 953% — a market-crushing outperformance compared to 214% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 7, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Silicon Motion (SIMO) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectations. This is because investors always try to position themselves ahead of time and look to tap stocks that are high-quality in nature. In this regard, we ran a screener that yielded The Estee Lauder Companies EL, Boise Cascade BCC, Tenet Healthcare THC, Silicon Motion Technology SIMO and Valero Energy VLO as the likely stock winners on the earnings beat potential. Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though it apparently looks good) doesn’t tell you if earnings growth has been exhibiting a decelerating trend. Also, seasonal fluctuations come into play sometimes. If a company’s Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company. On the other hand, after much brainstorming and analysis of companies’ financials and initiatives, Wall Street analysts project earnings of companies. They in fact club their insights and a company’s guidance when deriving an earnings estimate. Thus, outperforming that estimate is almost equivalent to beating the company’s own expectation as well as the market perception. And if the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher. Now, finding stocks that have the potential to beat on the bottom line may be investors’ dream but not an easy job. One way to do this is to look at the earnings surprise history of the company. An impressive track record in this regard generally acts as a catalyst in sending a stock higher. It indicates the company’s ability to surpass estimates. And investors generally believe that the company will apply the same secret sauce to execute yet another earnings beat in its next release. In order to shortlist stocks that are likely to come up with an earnings surprise, we chose the following as our primary screening parameters. Last EPS Surprise greater than or equal to 10%: Stocks delivering positive surprise in the last quarter tend to surprise again. Average EPS Surprise in the last four quarters greater than 20%: We lifted the bar for outperformance slightly higher by setting the average earnings surprise for the last four quarters at 20%. Average EPS Surprise in the last two quarters greater than 20%: This points to a more consistent surprise history and makes the case for another surprise even stronger. In addition, we place a few other criteria that push up the chance of a positive surprise. Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) rating can get through. Earnings ESP greater than zero: A stock needs to have both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for an earnings beat to happen, as per our proven model. In order to zero in on those that have long-term growth potential and high trading liquidity, we have added the following parameters too: Next 3–5 Years Estimated EPS Growth (Per Year) greater than 10%: Solid expected earnings growth exhibits the stock’s long-term growth prospects. Average 20-day Volume greater than 100,000: High trading volume implies that the stocks have adequate liquidity. A handful of criteria narrowed down the universe from over 7,700 stocks to only 11. Here are five out of 11 stocks: The Estee Lauder Companies: The Zacks Rank #2 company is one of the world's leading manufacturers and marketers of skin care, makeup, fragrance and hair care products. You can see the complete list of today’s Zacks #1 Rank stocks here. The average earnings surprise of EL for the past four quarters is 39.08%. Boise Cascade: The Zacks Rank #2 (Buy) company is one of the largest wood products manufacturers and a leading United States wholesale distributor of building products, headquartered in Boise, ID. The average earnings surprise of BCC for the past four quarters is 40.83%. Tenet Healthcare: The Zacks Rank #2 company is an investor-owned healthcare services company, which owns and operates general hospitals and related healthcare facilities for urban and rural communities in numerous states, and has offices in California and Florida. The average earnings surprise of THC for the past four quarters is 22.7%. Silicon Motion Technology: Silicon Motion Technology Corporation is a leading developer of microcontroller ICs for NAND flash storage devices. The stock has a Zacks Rank #1. The average earnings surprise of SIMO for the past four quarters is 13.96%. Valero Energy: The company, through its subsidiaries, is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products. The stock has a Zacks Rank #2. The average earnings surprise of VLO for the past four quarters is 26.8%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Valero Energy Corporation (VLO) : Free Stock Analysis Report The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report Tenet Healthcare Corporation (THC) : Free Stock Analysis Report Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report Boise Cascade, L.L.C. (BCC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Silicon Motion Technology (NASDAQ: SIMO) left little doubt about memory chip demand when it reported second-quarter results. It was reasonable for bullish investors to expect outperformance after Micron more than quadrupled its year-over-year revenue, but the results still caught some people off guard. It wasn't just a win for Silicon Motion. Q2 results imply that growth will continue throughout the year and stretch beyond 2026. Here's what investors should know. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Silicon Motion specializes in key memory products, including NAND flash controllers, eMMC and UFS controllers, and solid-state drives. Back when the company reported Q1 results, it told investors to expect up to $411 million in Q2 sales. Now that Q2 results are in, Silicon Motion reported $451 million in sales, a 127% year-over-year increase. Crushing guidance came along with a 32% sequential growth rate. It's not surprising to see that Silicon Motion did well in this quarter since multiple chipmakers and tech giants have also delivered solid results. It's also not surprising that the company anticipates up to 20% sequential growth in Q3. After all, Micron offered a similar forecast. The results and guidance were solid but expected. However, Silicon Motion CEO Wallace Kou shared an unexpected key detail in the Q2 press release. He said that Silicon Motion is "building a resilient platform for sustainable, high-quality revenue and profitability growth for years to come." That "years to come" bit is the most important part. It implies that growth won't fizzle out after 2026 but that Silicon Motion will build on this momentum in 2027 and beyond. It's a major blow to the bearish thesis that the cyclical nature of the memory industry will catch up with chipmakers. Silicon Motion isn't the only memory chipmaker with sights set beyond 2026. Micron told investors in its fiscal 2026 Q3 results that it executed "transformational strategic customer agreements" that provide multiple years of revenue visibility. Sandisk CEO David Goeckeler also mentioned a new business model "built on multi-year customer engagements backed by firm financial commitments" when it announced fiscal 2026 Q3 results at the end of April. Investors can expect an update when the company reports fiscal 2026 Q4 results in August. Given Micron's successful use of this business model and Silicon Motion's multiyear narrative, it's feasible for Sandisk to confirm multiyear deals in August. Artificial intelligence (AI) models like ChatGPT and Claude have dominated the headlines, while physical AI remains in its early stages. Autonomous vehicles and humanoid robots are bound to become big hits once the technology is mastered, and all of this physical AI will require memory chips. Grand View Research projects a 38.2% compound annual growth rate (CAGR) for the humanoid robot market through 2033. That's just for one physical AI product. Self-driving vehicles are another major catalyst that can boost the demand for memory products for multiple years. Elon Musk is vying for market share in both of these opportunities. Tesla (NASDAQ: TSLA) is working on its Optimus bots and robotaxi fleet. That's why it was very notable when he praised Micron twice during Tesla's earnings call. Meanwhile, tech giants have either raised their capital expenditure targets or boosted the lower end of their guidance. Capital will continue to flow into AI infrastructure in the pursuit of compelling opportunities. Silicon Motion and other memory chipmakers are positioned to benefit from this trend for multiple years. AI models and agentic AI can still boost demand for memory chips, but once physical AI enters the scene, chip prices can surge even higher. Before you buy stock in Silicon Motion Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Silicon Motion Technology wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $386,727!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,232,139!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 1, 2026. Marc Guberti has positions in Silicon Motion Technology. The Motley Fool has positions in and recommends Micron Technology and Tesla. The Motley Fool has a disclosure policy. Silicon Motion Crushed Earnings and Surprised Memory Chip Bears was originally published by The Motley Fool

Silicon Motion Technology Corporation SIMO used its second-quarter 2026 earnings call to highlight a rapid shift toward AI infrastructure and storage solutions, as management emphasized growth beyond traditional NAND controller markets. Executives pointed to enterprise, automotive and AI-related products as key contributors to the company’s changing revenue mix. The company also raised its near-term outlook, citing strong demand across multiple product lines and continued customer adoption of newer solutions. Management’s commentary focused on product diversification, margin expansion and longer-term opportunities in AI-driven storage. SIMO reported second-quarter revenues of $451 million, up 32% sequentially and 127% year over year. Revenues beat the Zacks Consensus Estimate of $403.6 million. Non-GAAP earnings per ADS were $2.43, which surpassed the consensus mark of $2.13. Gross margin reached 50.2%. Silicon Motion Technology Corporation price-consensus-eps-surprise-chart | Silicon Motion Technology Corporation Quote CEO Chia-Chang Kou said the company is moving from a consumer-focused NAND flash controller business toward a broader portfolio spanning AI infrastructure, enterprise storage and edge applications. He highlighted growth in embedded eMMC and UFS products, SSD controllers and storage solutions. Management noted that Ferri automotive and enterprise Boot Drive solutions more than doubled sequentially in the quarter and represented nearly 30% of revenues, compared with 4% a year earlier. Silicon Motion said its MonTitan enterprise SSD controller business entered commercial production during the quarter with two Tier 1 customers. Management expects five additional Tier 1 customers to ramp in the second half of 2026. Kou explained that initial MonTitan contributions are centered on TLC-based solutions supporting AI compute storage applications, including near-GPU and near-CPU storage use cases. The company expects QLC-based solutions to become more meaningful later as NAND availability improves. The CFO said MonTitan remains on track to contribute 5% to 10% of total revenues exiting 2026. Management expects TLC solutions to drive early growth, with broader QLC adoption developing over time. SIMO’s management emphasized that enterprise-focused products are becoming increasingly important as AI infrastructure demand expands. The company said its Boot Drive business is gaining traction across DPU, GPU, switch and server-related applications. Kou said the company’s DRAM-less enterprise Boot Drive solutions provide advantages in cost, security and performance for emerging AI infrastructure applications. He added that Silicon Motion does not currently see significant competition from NAND makers or module suppliers in this market. During Q&A, a JPMorgan analyst asked about the size and competitive outlook for Boot Drives. Management responded that demand is expanding because server racks require many Boot Drive units, creating a sizable opportunity as AI infrastructure scales. Silicon Motion guided third-quarter revenues in the range of $519 million to $541 million, representing 15% to 20% sequential growth and 114% to 124% year-over-year growth. Non-GAAP operating margin is expected to be in the range of 27.5% to 28.5%. CFO Jason Tsai said third-quarter growth should come from nearly all product segments, led by Ferri automotive solutions, enterprise Boot Drives and MonTitan enterprise SSD controllers. Gross margin is expected to remain elevated due to a stronger mix of higher-value products. Management also said 2026 revenues are expected to more than double year over year, supported by new enterprise products, expanding market share and a broader customer base. SIMO executives discussed industry supply pressures, noting that rising NAND and DRAM prices are creating challenges for consumer electronics markets. Management expects NAND supply constraints to continue while new capacity additions develop. Kou said smartphone demand remains challenged, particularly in lower-end devices affected by higher memory costs. However, he noted that Silicon Motion continues to benefit from market share gains and increased adoption of newer UFS controllers. A Wedbush analyst questioned gross margin durability given the company’s embedded business mix. Tsai responded that MonTitan and PCIe 5 controller growth are helping offset margin pressure from other product categories. Silicon Motion’s management presented its strategy around creating a more balanced business with exposure across AI data centers, enterprise storage, automotive and edge applications. Executives emphasized that newer markets should provide longer product cycles and greater visibility. The company continues investing in next-generation controllers, including PCIe Gen 6 technology. Management said it expects these products to support future growth as AI infrastructure requirements evolve. Silicon Motion carries a Zacks Rank #1 (Strong Buy), indicating favorable earnings estimate revision trends under the Zacks Rank methodology. The Zacks Rank focuses on the direction and magnitude of earnings estimate revisions and is designed to help identify stocks with stronger near-term performance potential. You can see the complete list of today’s Zacks #1 Rank stocks here. The stock has a Value Score of D, Growth Score of F, Momentum Score of A and a VGM Score of F. Zacks Style Scores evaluate characteristics such as valuation, growth and momentum, with higher grades indicating stronger relative attributes. A stock’s Zacks Rank can change as analysts update earnings estimates following quarterly results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Silicon Motion Technology Corporation SIMO reported strong second-quarter 2026 results, with both top and bottom lines surpassing the Zacks Consensus Estimate.The leading developer of microcontroller integrated circuits for NAND flash storage devices delivered a robust 127% year-over-year revenue growth, supported by healthy demand for Embedded Multi-Media Card and Universal Flash Storage controllers, expanding adoption of Enterprise and Edge SSD controllers, and rapid growth in Ferri storage solutions for automotive and enterprise applications. On a GAAP basis, net income in the reported quarter improved to $136.1 million or $3.99 per American depositary share (ADS) from $16.3 million or 49 cents per ADS in the prior-year quarter, primarily due to higher net sales and gain on investments.Non-GAAP net income was $83.1 million or $2.43 per ADS compared with $23 million or 69 cents per ADS in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of $2.13 per ADS. Silicon Motion Technology Corporation price-consensus-eps-surprise-chart | Silicon Motion Technology Corporation Quote Quarterly revenues increased to $451 million from the year-ago quarter’s tally of $198.7 million, driven by broad-based strength across the company's storage controller and storage solutions businesses. The top line beat the Zacks Consensus Estimate of $403.6 million.Management noted that in the second quarter of 2026, sales of SSD controllers increased 50-55% year over year. Embedded Multi-Media Card + Universal Flash Storage (eMMC+UFS) sales increased 95-100%, driven by strong demand for embedded storage controllers used in smartphones, IoT devices and other applications, while revenues in Ferri & Boot Drive solutions were up a stellar 1,690-1,695% year over year, fueled by rapid adoption of automotive and enterprise boot drive storage solutions. During the quarter, non-GAAP gross profit totaled $226.3 million, up from $94.7 million in the year-ago quarter, with respective margins of 50.2% and 47.7%. Non-GAAP operating expenses increased to $122.1 million from the prior-year figure of $69.3 million. Non-GAAP operating income increased to $104.2 million from $25.3 million on higher revenues, with margins of 23.1% and 12.8%, respectively. As of June 30, 2026, Silicon Motion had cash and cash equivalents of $74.4 million and $59.2 million in loans. The company utilized $63.8 million for operations during the reported quarter compared with a cash utilization of $17.3 million in the prior-year quarter. In the second quarter of 2026, capital expenditure totaled $7.7 million. This included $5.8 million for the routine purchase of testing equipment, software, design tools and other goods and another $1.9 million for building construction and improvements. For third-quarter 2026, management expects non-GAAP revenues in the range of $519-$541 million. Non-GAAP gross margin is expected to be in the range of 50-51%. Non-GAAP operating margin is projected between 27.5% and 28.5%. Silicon Motion stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks Inc. ANET is scheduled to release second-quarter 2026 earnings on Aug. 4. The Zacks Consensus Estimate for earnings is pegged at 89 cents per share, suggesting growth of 21.92% from the year-ago reported figure.Arista has a long-term earnings growth expectation of 19.86%. The company delivered an average earnings surprise of 8.31% in the last four reported quarters.Motorola Solutions, Inc. MSI is set to release second-quarter 2026 earnings Aug. 5. The Zacks Consensus Estimate for earnings is pegged at $3.86 per share, implying growth of 8.12% from the year-ago reported figure.Motorola has a long-term earnings growth expectation of 9.47%. The company delivered an average earnings surprise of 5.17% in the last four reported quarters.HubSpot, Inc. HUBS is scheduled to release second-quarter 2026 earnings on Aug. 5. The Zacks Consensus Estimate for earnings is pegged at $3.02 per share, suggesting growth of 37.9% from the year-ago reported figure.HubSpot has a long-term earnings growth expectation of 20.84%. The company delivered an average earnings surprise of 4.97% in the last four reported quarters. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report Motorola Solutions, Inc. (MSI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report HubSpot, Inc. (HUBS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Silicon Motion Technology Corporation? Here are five stocks we like better. Record Q2 performance: Silicon Motion reported revenue of $451 million, up 32% sequentially and 127% year over year, with a 50.2% non-GAAP gross margin and $2.43 earnings per ADS. Results exceeded the company’s prior guidance. AI and automotive storage drove growth: Ferri automotive and enterprise boot-drive solutions more than doubled sequentially and represented nearly 30% of revenue. MonTitan enterprise SSD controllers entered commercial production with two Tier 1 customers, with five more expected to ramp in the second half. Strong outlook: Silicon Motion forecast third-quarter revenue of $519 million to $541 million and said 2026 revenue is expected to more than double from the prior year. Management also expects operating margins could exceed 30% exiting 2026. These 3 AI Stocks Just Crushed Earnings: Still Time To Buy? Silicon Motion Technology (NASDAQ:SIMO) reported record second-quarter revenue of $451 million, up 32% sequentially and 127% from a year earlier, as growth in automotive storage, enterprise boot drives, embedded controllers and new enterprise SSD products exceeded the company’s expectations. President and CEO Wallace Kou said the company’s results reflected its expansion beyond its historical role as a NAND flash controller supplier into a more diversified provider of storage controllers and solutions serving artificial intelligence infrastructure, automotive applications and edge devices. The company reported its third consecutive quarter of record revenue. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Analysts Are All In on This Tech Stock—Why You Should Be, Too “We delivered another outstanding quarter,” Kou said, citing revenue growth across the company’s core markets and gross margin above 50%. CFO Jason Tsai said second-quarter sales exceeded the high end of Silicon Motion’s prior guidance range of $393 million to $411 million. Non-GAAP gross margin was 50.2%, above the company’s forecast of 48.5% to 49.5%, while operating margin reached 23.1%, exceeding guidance of 21% to 22%. Revenue: $451 million, up 32% sequentially and 127% year over year. Non-GAAP gross margin: 50.2%. Non-GAAP operating expenses: $122.1 million. Non-GAAP operating margin: 23.1%. Earnings per ADS: $2.43. Cash equivalents and restricted cash: $181.8 million at quarter-end, compared with $210.9 million at the end of the first quarter. → 3 Value ETFs to Consider as Growth Stocks Lag Behind Silicon Motion Proves That AI in Motion Stays in Motion Tsai said cash declined during the quarter partly because of $16.9 million in dividend payments and higher inventory to support business growth. Stock-based compensation, excluded from the company’s non-GAAP results, was $3.4 million in the June quarter. The company attributed its margin performance partly to the initial commercial ramp of its MonTitan enterprise SSD controllers. Tsai said MonTitan controllers are margin accretive and helped offset pressure associated with the company’s solutions business. Growth in PCIe 5.0 controllers is also expected to support margins in the second half. → 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest? Despite the stronger near-term mix, Tsai said Silicon Motion remains comfortable with a long-term gross-margin target of 48% to 50%, with results varying depending on product mix. Silicon Motion said its Ferri automotive and enterprise boot-drive solutions more than doubled sequentially in the second quarter and represented nearly 30% of total revenue, compared with 4% a year earlier. Kou said the business is benefiting as NAND makers reduce their focus on automotive storage, while module makers may lack the infrastructure and certifications needed to provide automotive-grade products. The company said its enterprise boot-drive products are gaining adoption in AI infrastructure, including for data processing units, tensor processing units, networking switches and other systems. Kou said Silicon Motion’s DRAM-less enterprise boot-drive technology offers security and cost advantages for applications that do not require conventional DRAM-equipped boot drives. During the question-and-answer session, Kou said boot-drive demand is growing across multiple customers rather than a single customer. He also said the company has a large share supplying boot drives for Nvidia BlueField products and expects benefit as BlueField 4 ramps in the second half of 2026, though he did not provide specific revenue figures. Silicon Motion entered commercial production of MonTitan enterprise SSD products with two Tier 1 customers in the second quarter and expects five additional Tier 1 customers to begin ramping in the second half of the year. Tsai said the company remains on track for MonTitan to account for 5% to 10% of total revenue exiting 2026. Initial MonTitan demand is expected to be led by TLC-based products for AI compute-storage applications, including storage supporting GPU- and CPU-adjacent key-value cache workloads. The company expects QLC-based solutions to begin initial shipments late in 2026, but Tsai said QLC is not expected to become more meaningful until late 2027 into 2028, when 2-terabit QLC NAND dies become more affordable. Kou said the delay in higher-capacity QLC adoption stems from NAND availability and industry investment priorities, rather than a controller issue. He said NAND makers have focused more capital spending on DRAM and high-bandwidth memory amid strong AI-related demand. In embedded eMMC and UFS controllers, Silicon Motion said it is gaining share even as it expects smartphone unit demand to decline 10% to 15% in 2026. Kou said rising NAND and DRAM prices have made low-end smartphones more difficult to build affordably, but Silicon Motion has limited exposure to the lowest-end handset segment. The company expects mobile-related growth to be driven by share gains and higher average selling prices as customers adopt newer UFS controllers. Tsai said UFS generates the majority of embedded-business revenue because of its higher average selling prices, while eMMC unit volumes remain strong in IoT and connected-device applications. Silicon Motion’s edge SSD business grew 40% to 45% year over year in the second quarter, according to Kou. The transition from PCIe 4.0 to PCIe 5.0 SSDs has moved more slowly than anticipated, as OEMs continue pairing more cost-effective NAND with PCIe 4.0 products for value and mainstream PCs. Still, the company expects its four-channel, DRAM-less PCIe 5.0 controller to support higher edge SSD average selling prices through the remainder of the year. The company also expects to complete tape-out of a 4-nanometer PCIe Gen 6 enterprise controller in August. Kou said Silicon Motion has secured multiple design wins with flash makers and cloud service providers, and expects the product to become a significant growth driver in 2028. For the third quarter, Silicon Motion forecast revenue of $519 million to $541 million, representing sequential growth of 15% to 20%. The company expects growth across nearly all product segments, led by Ferri automotive products, enterprise boot-drive solutions and MonTitan controllers. Silicon Motion expects third-quarter gross margin of 50% to 51% and operating margin of 27.5% to 28.5%. Tsai said the company expects its effective tax rate to be 22%, while stock-based compensation and dispute-related expenses are projected to total $14.9 million to $15.9 million. The company said it expects 2026 revenue to more than double from the prior year and anticipates operating margins could exceed 30% exiting the year, despite continued investment in research and development for advanced controller and storage-solution products. Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Silicon Motion Technology Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.