Silicon Motion: Fourth Quarter Earnings Overview

Silicon Motion Technology Announces Fourth-Quarter Financial Results

Silicon Motion Technology Corp., headquartered in Hong Kong, reported a net profit of $47.7 million for the fourth quarter.

The company’s earnings translated to $1.41 per share, with adjusted earnings—excluding one-time items—coming in at $1.26 per share.

These adjusted earnings fell short of analysts’ expectations, as a consensus of five analysts polled by Zacks Investment Research had projected $1.29 per share.

Despite the earnings miss, Silicon Motion’s revenue for the quarter reached $278.5 million, surpassing the average analyst forecast of $261.2 million.

For the full year, the company posted a total profit of $122.6 million, or $3.64 per share, on revenues totaling $885.6 million.

Looking ahead, Silicon Motion anticipates revenue between $292 million and $306 million for the first quarter ending in March.