Authorization

Silicon Motion Announces Results for the Period Ended December 31, 2019

Financial Highlights






4Q 2019 GAAP







4Q 2019 Non-GAAP




a??A  A Net sales



$153.2 million (+39% Q/Q, +24% Y/Y)







$153.0 million (+35% Q/Q, +32% Y/Y)



a??A  A Gross margin




48.1%







49.3%



a??A  A Operating margin



17.9%







24.4%



a??A  A Earnings per diluted ADS




$0.73







$0.96























Full Year 2019 GAAP







Full Year 2019 Non-GAAP



a??A  A Net sales



$457.3 million (-14% Y/Y)







$449.4 million (-10% Y/Y)



a??A  A Gross margin



48.6%







50.1%



a??A  A Operating margin



11.5%







21.3%



a??A  A Earnings per diluted ADS



$1.82







$2.60

Business Highlights

Total controller sales grew Q/Q to a record high



SSD controller sales increased about 25% Q/Q to a record high



eMMC+UFS controller sales increased about 70% Q/Q



SSD solutions1 sales increased about 60% Q/Q

__________
1 Non-GAAP
TAIPEI, Taiwan and MILPITAS, Calif., Feb. 07, 2020 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (a??Silicon Motiona?? or the a??Companya??) today announced its financial results for the quarter ended December 31, 2019.A  For the fourth quarter, net sales (GAAP) increased sequentially to $153.2 million from $110.5 million in third quarter 2019.A  Net income (GAAP) increased to $25.4 million or $0.73 per diluted ADS (GAAP) from net income (GAAP) of $4.2 million or $0.12 per diluted ADS (GAAP) in third quarter 2019.For the fourth quarter, net income (non-GAAP) increased to $33.8 million or $0.96 per diluted ADS (non-GAAP) from a net income (non-GAAP) of $24.4 million or $0.69 per diluted ADS (non-GAAP) in third quarter 2019.
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