Silicon Motion Technology Corporation

NasdaqGS:SIMO Stock Report

Market Cap: US$8.3b

Silicon Motion Technology Future Growth

Future criteria checks 6/6

Silicon Motion Technology is forecast to grow earnings and revenue by 24.8% and 22.7% per annum respectively. EPS is expected to grow by 24.6% per annum. Return on equity is forecast to be 27.2% in 3 years.

Key information

24.8%

Earnings growth rate

24.63%

EPS growth rate

Semiconductor earnings growth26.3%
Revenue growth rate22.7%
Future return on equity27.19%
Analyst coverage

Good

Last updated01 May 2026

Recent future growth updates

Recent updates

Seeking Alpha • Apr 30

Silicon Motion Q1: Momentum Has Limitations, Even If You Don't

Summary Silicon Motion Technology has surged 260% since my August 2024 Strong Buy rating, driven by robust fundamental improvements. Q1 marked a genuine inflection point as Silicon Motion exceeded prior guidance and set Q2 expectations significantly higher. Despite stronger fundamentals, the current entry point is less attractive due to elevated momentum-based valuations. The semiconductor boom continues to catalyze SIMO’s re-rating, but valuation discipline is now paramount. Read the full article on Seeking Alpha
Narrative Update • Apr 28

SIMO: AI Storage Demand And Margin Outlook Will Shape Next Cycle

Silicon Motion Technology's updated analyst price target has moved higher by between $20 and $40, with analysts pointing to refined assumptions for revenue growth, profit margins, and future P/E as key drivers behind the revision. Analyst Commentary Street research has clustered around higher price targets for Silicon Motion Technology, with several firms lifting their targets by between $20 and $40.
Narrative Update • Apr 14

SIMO: AI Storage Demand Will Support Stronger Future Earnings Repricing

Silicon Motion Technology's analyst price target has moved higher by a combined $112 across several firms, as analysts point to updated assumptions around revenue growth, profit margins and P/E expectations to support their revised views. Analyst Commentary Recent Street research has centered on higher price targets and fresh coverage for Silicon Motion Technology, with several bullish analysts revisiting their models around revenue growth, margins and P/E assumptions.
Narrative Update • Mar 31

SIMO: AI Storage Demand And New Controllers Will Support Next Cycle

Silicon Motion Technology's analyst fair value estimate has shifted from $150.18 to $157.20, reflecting analysts' updated price targets that incorporate recent sector research pointing to steady guidance and stronger demand for NAND, DRAM/HBM, and related storage components tied to rising AI investment. Analyst Commentary Recent research has leaned clearly positive, with multiple firms lifting their price targets for Silicon Motion Technology and one new initiation with a bullish view.
Narrative Update • Mar 17

SIMO: AI Storage Demand Will Support Stronger Long Term Earnings Power

Analysts have raised their fair value estimate for Silicon Motion Technology from $90.00 to $180.00, citing updated views on revenue growth, profit margins, and potential future P/E multiples following a series of recent price target increases and a bullish initiation across the Street. Analyst Commentary Recent Street research has tilted firmly optimistic on Silicon Motion Technology, with a series of higher price targets and a fresh bullish initiation reinforcing the updated fair value view of US$180.00.
Narrative Update • Mar 03

SIMO: Rising AI Memory Demand Will Support Next Storage Cycle Upside

The analyst fair value estimate for Silicon Motion has shifted from $114.00 to about $150.18. Analysts point to higher projected revenue growth, a modestly adjusted discount rate, slightly lower profit margin assumptions, and a higher future P/E multiple as they update their price targets and see stronger demand trends for NAND, DRAM/HBM, and related storage components.
Narrative Update • Feb 17

SIMO: AI Storage Euphoria Will Strain Future Margin And P/E Assumptions

Silicon Motion Technology's analyst price targets have moved higher, with our fair value estimate shifting from $86.97 to $89.05 as analysts factor in updated assumptions around growth, profitability, and P/E expectations. Analyst Commentary Recent Street research on Silicon Motion Technology has centered on revised price targets and fresh coverage, with several firms updating their models to reflect new views on growth, profitability, and sector demand trends.
Narrative Update • Feb 03

SIMO: AI Storage Hype Will Test Rich Future Pricing Assumptions

Analysts have trimmed their fair value estimate for Silicon Motion Technology slightly to about US$86.97 from roughly US$87.16, reflecting updated views on revenue growth, profit margins, and future P/E assumptions in light of recent bullish coverage and a higher US$135 Street price target associated with AI driven storage demand trends. Analyst Commentary Recent Street research on Silicon Motion Technology reflects generally constructive sentiment tied to AI related storage demand, but it also highlights several areas where more cautious investors may pause, especially around valuation, execution, and the durability of growth tied to AI data center spending.
Narrative Update • Jan 19

SIMO: AI Memory Demand Will Test Rich Pricing Expectations

Analysts have nudged their fair value estimate for Silicon Motion Technology slightly lower to about $87.16 from $87.24, while citing higher Street price targets of up to $135 as reflecting growing confidence in AI driven demand for NAND, DRAM/HBM and related storage components. Analyst Commentary Recent Street research on Silicon Motion Technology reflects constructive views on long term AI related memory and storage demand, but the tone is not uniformly bullish.
Analysis Article • Jan 12

Investors Appear Satisfied With Silicon Motion Technology Corporation's (NASDAQ:SIMO) Prospects As Shares Rocket 29%

The Silicon Motion Technology Corporation ( NASDAQ:SIMO ) share price has done very well over the last month, posting...
Analysis Article • Jan 07

Silicon Motion Technology (NASDAQ:SIMO) Could Be Struggling To Allocate Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Narrative Update • Jan 05

SIMO: Fair Value View Will Balance AI Storage Upside And Execution Risk

Analysts have raised their fair value estimate for Silicon Motion Technology from US$65 to approximately US$87.24, citing updated views on growth, profitability and valuation that are consistent with recent Street research, including a higher US$110 price target from one major firm. Analyst Commentary The latest fair value update sits below JPMorgan's US$110 price target, which signals that some analysts see more upside potential than what is baked into the revised estimate.
Narrative Update • Dec 20

SIMO: Strengthening Memory Demand Will Drive Upcoming AI Storage Cycle Upside

Analysts have modestly lifted their price target on Silicon Motion Technology to $114.00 from $114, reflecting increased confidence in the company's positioning for strengthening memory demand and upcoming product cycles highlighted in recent research. Analyst Commentary Recent Street research reflects a constructive outlook on Silicon Motion Technology, with multiple firms lifting price targets into the $110 to $120 range as confidence grows in the company’s growth trajectory and execution on upcoming product cycles.
Narrative Update • Dec 06

SIMO: Strengthening Memory Cycle Will Drive Shares Higher Through 2026

Analysts have lifted their blended price target on Silicon Motion to $114.00, reflecting a modest uptick in conviction as improving memory demand and a favorable 2025 to 2026 product cycle are seen as supporting sustained growth and profitability. Analyst Commentary Recent research updates underscore a more constructive stance on Silicon Motion, with multiple bullish analysts lifting price targets in response to strengthening fundamentals and a clearer multi year product roadmap.
Narrative Update • Nov 22

SIMO: Next-Gen Memory Demand Will Drive Share Performance Into 2025

Silicon Motion Technology's fair value estimate has been revised upward from $111.50 to $114.00 per share. Analysts point to strengthened memory market signals and the company's strategic positioning for upcoming chip cycles as key drivers for the increased price target.
Narrative Update • Nov 06

SIMO: Sector Demand And Margin Strength Will Drive Performance Into 2025

Analysts have increased their average price target for Silicon Motion Technology from $96 to $111.50. They cite improved profit margins and stronger revenue growth expectations, based on positive sector trends highlighted in recent research.
Narrative Update • Oct 23

Analyst Commentary Highlights New Price Targets and Steady Valuation for Silicon Motion Technology

Analysts have raised their price target for Silicon Motion, with new targets ranging from $95 to $120. They cite recent sector strength, increased market share in mobile, and expectations for sustained momentum from upcoming enterprise and SSD controller products.
Narrative Update • Oct 09

AI And Cloud Computing Will Fuel Storage Market Expansion

Silicon Motion Technology's analyst price target has been raised from $93.30 to $96.00 because analysts cite recent momentum from increased market share, new product ramps, and stronger-than-expected earnings growth in the core mobile and enterprise sectors. Analyst Commentary Recent analyst updates reflect a mix of optimism and caution regarding Silicon Motion Technology’s outlook as the company enters new product cycles and navigates evolving market dynamics.
Analysis Article • Sep 10

Investors Appear Satisfied With Silicon Motion Technology Corporation's (NASDAQ:SIMO) Prospects

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...
Analysis Article • Aug 26

Some Investors May Be Worried About Silicon Motion Technology's (NASDAQ:SIMO) Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Analysis Article • Aug 04

Silicon Motion Technology (NASDAQ:SIMO) Has Affirmed Its Dividend Of $0.4975

The board of Silicon Motion Technology Corporation ( NASDAQ:SIMO ) has announced that it will pay a dividend of $0.4975...
Analysis Article • Jul 21

Silicon Motion Technology (NASDAQ:SIMO) Is Paying Out A Dividend Of $0.4975

Silicon Motion Technology Corporation's ( NASDAQ:SIMO ) investors are due to receive a payment of $0.4975 per share on...
Analysis Article • Jul 09

At US$72.34, Is Silicon Motion Technology Corporation (NASDAQ:SIMO) Worth Looking At Closely?

While Silicon Motion Technology Corporation ( NASDAQ:SIMO ) might not have the largest market cap around , it led the...
Seeking Alpha • Mar 16

Silicon Motion: Upbeat Outlook, Attractive Share Price

Summary Silicon Motion Technology is a global leader in NAND flash controllers, with strong 2024 results and an optimistic outlook for 2025. Despite short-term challenges, SIMO's long-term growth prospects and market leadership make it a compelling buy, with potential for significant upside. SIMO's robust R&D and product launches, particularly in SSD controllers, position it well for future growth, despite market volatility. Valued at $1.7 billion, SIMO is trading below fair value, offering a recovery investment opportunity with strong fundamentals and large customers like Micron. Read the full article on Seeking Alpha
Seeking Alpha • Nov 10

Silicon Motion: NAND Flash Has Got To Give - Maintaining Buy

Summary Silicon Motion stock traded weaker since my buy call in May, down 25%, but I see a turnaround moment ahead. Silicon Motion Technology, a leader in NAND flash controllers, faces near-term market weakness but is poised for a 2025 rebound, especially in QLC NAND. The anticipated recovery in smartphone and PC markets, plus new product ramps like MonTitan and PCIe 5 controller, should support share gain for Silicon Motion. I herein share my positive sentiment on SIMO stock and why I see upside potential ahead for mid to long-term investors. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:SIMO - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282,1753833343893
12/31/20271,73830925233811
12/31/20261,616295881689
3/31/20261,061170-82-20N/A
12/31/2025886123661N/A
9/30/202579896-454N/A
6/30/2025769783081N/A
3/31/20257819474120N/A
12/31/2024804893377N/A
9/30/20248158981125N/A
6/30/20247757988135N/A
3/31/202470459102150N/A
12/31/20236395399149N/A
9/30/20236385599148N/A
6/30/20237168886126N/A
3/31/20238281285893N/A
12/31/20229461735184N/A
9/30/20221,010210N/AN/AN/A
6/30/20221,0132226699N/A
3/31/2022982220122155N/A
12/31/2021922200150175N/A
9/30/2021802141106128N/A
6/30/2021673110112129N/A
3/31/2021589887894N/A
12/31/20205408098117N/A
9/30/2020549104111127N/A
6/30/2020533848299N/A
3/31/20204958298113N/A
12/31/201945764N/A78N/A
9/30/201942754N/A81N/A
6/30/201945579N/A118N/A
3/31/201949585N/AN/AN/A
12/31/201853098N/A108N/A
9/30/201854393N/A92N/A
6/30/201853281N/A100N/A
3/31/201852675N/AN/AN/A
12/31/201752375N/A104N/A
9/30/201753191N/A115N/A
6/30/2017563106N/A133N/A
3/31/2017571111N/AN/AN/A
12/31/2016556111N/A126N/A
9/30/201651098N/AN/AN/A
6/30/201644779N/AN/AN/A
3/31/201639368N/AN/AN/A
12/31/201536160N/A66N/A
9/30/201534459N/AN/AN/A
6/30/201533560N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIMO's forecast earnings growth (24.8% per year) is above the savings rate (3.5%).

Earnings vs Market: SIMO's earnings (24.8% per year) are forecast to grow faster than the US market (16.4% per year).

High Growth Earnings: SIMO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SIMO's revenue (22.7% per year) is forecast to grow faster than the US market (11.4% per year).

High Growth Revenue: SIMO's revenue (22.7% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SIMO's Return on Equity is forecast to be high in 3 years time (27.2%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 06:37
End of Day Share Price 2026/05/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Silicon Motion Technology Corporation is covered by 23 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael BurtonBenchmark Company
Dong-je WooBofA Global Research
Craig EllisB. Riley Securities, Inc.