30 Oct '12, 4am

Silicon Motion 3Q12 revenues and EPS hit record

Silicon Motion 3Q12 revenues and EPS hit record Lois Cheng, Taipei; Jessie Shen, DIGITIMES [Tuesday 30 October 2012] Revenues at Silicon Motion Technology climbed to a record US$77.1 million in the third quarter of 2012, up 11% on quarter and beating company guidance of 5-8% growth. The firm also saw its diluted earnings per ADS (non-GAAP) reach a record US$0.54 in the quarter, compared to the US$0.42 posted in the second quarter. Sales of LTE and SSD plus embedded products increased 39% sequentially in the third quarter, driven by strong orders for LTE transceivers for the Samsung Galaxy S3 smartphone series, as well as orders for eMMC controllers placed by other smartphone OEMs, the company revealed. The new product segments accounted for a combined 40% of company revenues in the third quarter, up from 32% in the second quarter. "This year we have more than doubled the n...

Full article: http://www.digitimes.com/news/a20121030PD218.html

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