Silicon Motion Technology Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $885.6M | $803.6M | $639.1M | $945.9M | $922.1M | $539.5M | $457.3M | $530.3M |
| Cost of Revenue | $458.1M | $434.8M | $368.8M | $480.1M | $461.3M | $279.4M | $235.1M | $269.5M |
| Gross Profit | $427.5M | $368.8M | $270.4M | $465.8M | $460.8M | $260.2M | $222.2M | $260.8M |
| Gross Margin | 48.3% | 45.9% | 42.3% | 49.2% | 50.0% | 48.2% | 48.6% | 49.2% |
| Operating Expenses | ||||||||
| Research & Development | $262.7M | $217.8M | $174.4M | $188.5M | $164.3M | $121.8M | $110.3M | $102.0M |
| SG&A Expense | $37.4M | $31.4M | $27.9M | $31.4M | $21.8M | $15.6M | $17.9M | $17.6M |
| Operating Income | $93.0M | $90.9M | $39.9M | $213.9M | $245.9M | $80.5M | $52.1M | $104.8M |
| Operating Margin | 10.5% | 11.3% | 6.2% | 22.6% | 26.7% | 14.9% | 11.4% | 19.8% |
| Interest Expense | — | — | $0 | $71.0K | $0 | $11.0K | $3.0K | $378.0K |
| Pretax Income | $140.1M | $107.4M | $61.0M | $212.6M | $247.3M | $85.6M | $72.1M | $109.9M |
| Income Tax Expense | $17.5M | $18.2M | $8.2M | $40.1M | $47.3M | $5.8M | $7.7M | $11.8M |
| Net Income | $122.6M | $89.2M | $52.9M | $172.5M | $200.0M | $79.7M | $64.4M | $98.1M |
| Net Margin | 13.8% | 11.1% | 8.3% | 18.2% | 21.7% | 14.8% | 14.1% | 18.5% |
| EPS (Basic) | $0.91 | $0.66 | $0.40 | $1.30 | $1.43 | $0.57 | $0.46 | $0.68 |
| EPS (Diluted) | $0.91 | $0.66 | $0.40 | $1.29 | $1.43 | $0.57 | $0.46 | $0.68 |
| Shares Outstanding (Basic) | 134.3M | 134.6M | 133.4M | 133.0M | 139.4M | 139.4M | 140.7M | 144.1M |
| Shares Outstanding (Diluted) | 134.7M | 134.9M | 133.9M | 133.6M | 140.0M | 139.9M | 141.2M | 144.5M |
| Dividends Per Share | $0.50 | $0.50 | $0.50 | — | $0.50 | $0.35 | $0.35 | $0.30 |