Silicon Motion Posts Record Q1 Revenue on AI and New Product Ramps

Silicon Motion reported first-quarter 2026 revenue of US$342 million, up 23% sequentially and 105% from a year earlier. The company also reported a 47.2% gross margin, net income after tax of US$53.9 million, and diluted ADS earnings of US$1.58. Management said new project ramps and market share gains are expected to support quarterly revenue growth through 2026. For RamTrend readers, the main relevance is storage-side demand. Silicon Motion is a key controller supplier, so stronger revenue can indicate healthier SSD controller shipments and broader storage platform momentum. The item does not directly quantify NAND pricing or SSD supply, but stronger controller demand can support a firmer storage demand picture if it continues.