SIMO
Silicon Motion Technology Corporation

Silicon Motion Technology CorporationSIMO

Technology · Semiconductors
162.76USD
+4.15%
Nov 08, 2026
SIMO overview ready
Merchant NAND Flash Controller Supplier for AI Data-Center SSDs
Silicon Motion is a merchant NAND-flash controller and firmware supplier whose enterprise PCIe/NVMe controller platforms enable SSD makers to build storage products for AI servers, hyperscale data centers, and enterprise infrastructure.
Primary theme is lagging
Memory / Storage is lagging (-31.1pp vs SPY over 21 sessions; 0 of 12 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk….
Low free cash flow yield
Free cash flow yield is weak.
Primary risk
Semiconductor industry cyclicality and demand volatility.
Market Nov 6Price action Nov 7Research Aug 30

Conviction Level

PriceAction3.4BusinessPerformance—BusinessQuality—Valuation3.5ThemeMomentum1.0Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−31.1pp
Theme return
−36.0%
Beating SPY
0 of 12
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$5.5B
Avg Volume (60D)
927.6K
60 sessions
Revenue Growth YoY
+104.5%
Trailing twelve months
Gross Margin
+50.5%
Operating Margin
+21.3%
Trailing twelve months
Free Cash Flow Yield
-9.1%
Distance from 200DMA
-24.4%
P/E
17.5x
EV / EBITDA
13.7x
EV / Sales
3.2x
Market metrics as of Nov 7, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

Fundamentals & Valuation

0 of the one valuation perspectives say fair; peers is the dissenting view.
Silicon Motion Technology Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Silicon Motion is a merchant NAND-flash controller and firmware supplier whose enterprise PCIe/NVMe controller platforms enable SSD makers to build storage products for AI servers, hyperscale data centers, and enterprise infrastructure. SIMO is a genuine, but not currently enumerated, AI-infrastructure participant.
Opportunity
High opportunity
AI training, inference, and data-intensive cloud deployments are increasing demand for high-performance, low-latency, power-efficient enterprise NVMe storage tiers, including near-GPU, boot, and capacity-oriented SSD deployments.
Key risk
Semiconductor industry cyclicality and demand volatility.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Semiconductors
What they do

Silicon Motion Technology Corporation designs, develops, and markets NAND flash controllers and related firmware for solid-state storage devices globally, enabling SSD makers to produce storage solutions for various end markets.

How it earns

The company generates revenue primarily through transactional sales of semiconductor controllers and firmware licenses to device manufacturers.

Products & services
NAND flash controllers for computing-grade SSDs
Enterprise-grade SSD controllers
EMMC and UFS mobile embedded storage controllers
Controllers for flash memory cards and flash drives
Customers & end markets
PC and client device manufacturers
Enterprise and hyperscale data center operators
Smartphone and IoT device makers
Flash memory card and flash drive producers
Market position

A leading merchant supplier of NAND flash controllers and firmware platforms for enterprise and client SSD markets.

Demand drivers
Medium cyclicality

Semiconductor demand is influenced by technology cycles and end-market spending patterns, including fluctuations in data center and consumer electronics demand.