Silicon Motion reports record $560.2 million quarter, guides for at least 40% growth in 2027

The storage controller maker is leaning on automotive, enterprise SSDs and AI servers to move past its reliance on consumer smartphone storage Silicon Motion Technology (NASDAQ: SIMO) just posted the biggest quarter in its history. Revenue for Q3 2026 came in at a record $560.2 million. That figure is up 131% from the $242 million the company booked in Q3 2025. For a company long tied to consumer gadgets, more than doubling in a year is a notable change of pace. The bigger story is where the money is coming from. Silicon Motion is shifting its center of gravity away from smartphone storage and toward cars, data centers and AI servers, markets that tend to come with longer contracts and fatter margins. Start with the sequential view.

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