This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Silicon Motion Announces Results For The Period Ended September 30, 2013

Third Quarter 2013

Financial Highlights
  • Net sales decreased 2% quarter-over-quarter to US$57.1 million from US$58.3 million in 2Q13
  • Gross margin (non-GAAP 1) increased to 48.8% from 48.4% in 2Q13
  • Operating expenses (non-GAAP) decreased to US$14.9 million from US$16.8 million in 2Q13
  • Operating margin (non-GAAP) increased to 22.7% from 19.7% in 2Q13
  • Diluted earnings per ADS (non-GAAP) increased to US$0.32 from US$0.27 in 2Q13

Business Highlights
  • Introduced our new SM2246EN SATA III client SSD controller targeting PC SSDs, hybrid SSDs and NAND-cache storage solutions
  • Started initial sales of our SATA III client SSD controller to several module maker customers targeting both retail channels and local Chinese notebook OEMs
  • Introduced our new SM3267 ultra high-performance, cost-effective USB3.0 flash drive controller
  • Secured design-wins for SM3267 from most of our existing USB flash drive customers, including many top-tier global OEMs
  • Began production of new long-term Samsung UHS-1 microSD card program using its 19nm TLC NAND flash

TAIPEI, Taiwan, Oct. 25, 2013 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company") today announced its financial results for the quarter ended September 30, 2013. For the third quarter of 2013, net sales decreased 2% quarter-over-quarter to US$57.1 million from US$58.3 million in the second quarter of 2013. Net income (non-GAAP) increased in the third quarter of 2013 to US$10.8 million or US$0.32 per diluted ADS as compared to a net income (non-GAAP) of US$9.2 million or US$0.27 per diluted ADS in the second quarter of 2013.

GAAP net income for the third quarter of 2013 increased quarter-over-quarter to US$9.6 million or US$0.29 per diluted ADS from a GAAP net income of US$7.5 million or US$0.22 per diluted ADS in the second quarter of 2013.

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.98 -0.68%
FB $118.18 0.10%
GOOG $699.12 0.49%
TSLA $213.49 -4.10%
YHOO $37.07 3.00%


Chart of I:DJI
DOW 17,681.26 +30.00 0.17%
S&P 500 2,054.80 +3.68 0.18%
NASDAQ 4,733.98 +8.3410 0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs