Silicon Motion Technology Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 172.33 million compared to USD 250.81 million a year ago. Net income was USD 10.59 million compared to USD 42.89 million a year ago. Basic earnings per share from continuing operations was USD 0.32. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 1.28 a year ago.
For the nine months, sales was USD 436.76 million compared to USD 745.16 million a year ago. Net income was USD 31.78 million compared to USD 148.98 million a year ago. Basic earnings per share from continuing operations was USD 0.96 compared to USD 4.48 a year ago. Diluted earnings per share from continuing operations was USD 0.96 compared to USD 4.44 a year ago.