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Silicon Motion Technology Corporation logo

Silicon Motion Technology Corporation

siliconmotion.com

What Do They Do?

Sells mobile embedded-storage controllers to smartphone and IoT makers, plus SSD controllers and specialized drives for computer, data-center, industrial and automotive customers.

How Do They Make Money?

Most money comes from selling controllers and storage products, mainly through purchase orders. Sales take place when products ship or customers accept them; distributor sales take place when products ship to the distributor.

revenue
SegmentShareRevenue
Mobile Storage
Sold outright

99%
FY2022: 98%
Others
Sold outright
1.0%
FY2022: 2.0%

Who Are Their Customers?

Sells to NAND flash makers, module makers and OEMs worldwide through direct sales staff and independent electronics distributors.

Do Revenues Turn Into Profits?

Yes. It kept 14 cents of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.

Operating income, FY2025
11% of revenue
▲ +2% vs FY2024 ($90.9M, 11%)
Net income, FY2025
14% of revenue
▲ +37% vs FY2024 ($89.2M, 11%)
Free cash flow, FY2025
1% of revenue
▼ −81% vs FY2024 ($32.7M, 4%)

How Are They Changing?

Flat. Revenue was $885.6M in FY2025, about the same as the $922.1M of FY2021.

Enterprise storage products The latest report adds MonTitan enterprise SSD controllers and boot-drive controllers and complete solutions for AI infrastructure, hyperscalers and enterprise customers, alongside the earlier report’s enterprise SSD controllers.

Revenue over time
Mobile Storage Others
$1B$500M$0

Who Do They Compete With?

Competes with Microchip and Phison

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