Silicon Motion Technology Corporation (NasdaqGS: SIMO) is the global leader in developing NAND flash controllers for SSDs and other solid state storage devices. We have over 20 years of experience developing specialized processor ICs that manage NAND components and deliver market leading, high-performance storage solutions widely used in data centers, PCs, smartphones and commercial and industrial applications. We have one of the broadest portfolios of controller intellectual properties developed from our deep understanding of NAND characteristics, which enables us to design both unique, highly optimized configurable IC plus related firmware controller platforms and complete turnkey controller solutions. More NAND flash components, including current and up-coming generations of 3D flash produced by Intel, Kioxia, Micron, Samsung, SK Hynix, Western Digital and YMTC, are supported by Silicon Motion controllers than any other company. Our customers include NAND flash makers, module makers, hyperscalers and OEMs.
Company Fact Sheet
3Q 2021
We are the world's leading supplier of SSD controllers used in PCs and other client devices and leading merchant supplier of eMMC/UFS controllers used in smartphones and IoT devices.
We also leverage our controller expertise to supply custom-designedhigh-performanceOpen-Channel data center SSDs to China's leading hyperscalers and customized small single-chip form factor SSDs for industrial, commercial and automotive applications.
We market our controllers under the "SMI" brand, "Shannon Systems" for enterprise-grade SSDs and "Ferri" for industrial-gradesingle-chip SSDs and related modules.
We were founded in 1995 in San Jose, California and now operate from corporate offices in Hong Kong, Taiwan and the US.
Quick Facts | Key Products |
Founded1995
IPO2005
NasdaqGSSIMO
Employees | 1,323 (2020 year-end) |
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SSD controllers - global leader
eMMC & UFS controllers - global merchant leader
Customized specialty SSD solutions - global leader
Sales Mix | Revenue* | |||
$540m | ||||
$449m | $540m | |||
10-15% | ||||
SSD | 15% CAGR | |||
10% | Solutions | |||
25-30% | ||||
20-25% | eMMC+UFS | |||
Controllers | ||||
50-60% | SSD | 50-60% | ||
Controllers | ||||
2019 | 2020 | 2010 | 2020 | |
* Excludes FCI in 2018 and 2019 |
EPS*
23% CAGR | $3.24 |
2010 | 2020 |
- 1. Non-GAAP
2. Excludes FCI in 2018 and 2019
Investor Contacts
Chris Chaney | Selina Hsieh |
Director of IR & Strategy | Investor Relations |
E-mail: IR@siliconmotion.com | E-mail: IR@siliconmotion.com |
Revenue* | 254 | |||
( $m ) | ||||
221 | ||||
182 | ||||
126 | 144 | |||
3Q 2020 | 4Q 2020 | 1Q 2021 | 2Q 2021 | 3Q 2021 |
* Non-GAAP
Earnings per ADS* | 1.70 | |||
( $ ) | ||||
1.50 | ||||
1.11 | ||||
0.76 | 0.86 | |||
3Q 2020 | 4Q 2020 | 1Q 2021 | 2Q 2021 | 3Q 2021 |
* Non-GAAP
Margins*
( % of Revenue )
Gross Margin
50%
30%
20%
Operation Margin
3Q 2020 | 4Q 2020 | 1Q 2021 | 2Q 2021 | 3Q 2021 |
* Non-GAAP |
Cash Balance* | ||||
( $m ) | 419 | |||
371 | 412 | |||
368 | 369 | |||
3Q 2020 | 4Q 2020 | 1Q 2021 | 2Q 2021 | 3Q 2021 |
* Cash, cash equivalents, restricted cash and short-term investments
Company Fact Sheet
3Q 2021
Analyst Coverage
Firm | Analyst |
B. Riley Securities | Craig A. Ellis |
Bank of America Merrill Lynch | Simon Dong-je Woo |
Cowen & Co | Karl Ackerman |
Craig-Hallum Capital Group LLC | Anthony J. Stoss |
J.P. Morgan | Gokul Hariharan |
Morgan Stanley | Ray Wu |
Needham & Company, LLC | Rajvindra S. Gill |
Nomura International Limited | Donnie Teng |
Roth Capital Partners | Suji Desilva |
Susquehanna Financial Group, LLLP | Mehdi Hosseini |
Wedbush Securities | Matthew Bryson |
Safe Harbor Statement
This fact sheet contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding trends in the multime- dia consumer electronics market, our potential growth in new markets 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 or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward looking statements for a variety of reasons.
Corporate Offices
- Flat C, 19/F, Wing Cheong Commercial Building, Nos 19-25 Jervois Street, Hong Kong
- 8/F, #36 Taiyuan St., Jhubei, Hsinchu 30265, Taiwan
- 690 N. McCarthy Blvd. Suite 200, Milpitas, CA 95035, USA
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Disclaimer
Silicon Motion Technology Corporation published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 01:26:10 UTC.