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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 98.11-1.9%Oct 31 9:30 AM EDT
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From: Elroy8/2/2025 11:28:54 PM
2 Recommendations

Recommended By
franklin1
Lance Bredvold

  Read Replies (2) of 2963
 
Here are the SIMO forecasts about their product segments.

Client SSD - we believe that ... we will ... achieve 40% of the SSD market by 2028, up from 30% today.

Auto - we are increasingly confident that automotive will account for at least 10% of our revenue by 2026 to '27. .... we have a very, very strong momentum in automotive business. We are confident we will be above 10% of our total revenue from '26 to '27.

Cell Phone controllers - ....we're growing the market share in the mobile and hopefully, we can reach 30% within 2 years.

eMMC/IOT Gadgets - The market for eMMC accounts for over 800 million units per year and the non-smartphone accounts for much of this market. We believe our eMMC business will remain a strong contributor for many years to come as these additional markets further scale.

Mon Titan - MonTitan's design momentum is very strong. Now, we believe we're going to start to initial ramp in the fourth quarter and will be more meaningful than strong momentum in 2026. ...we still expect to be achieving that 5% to 10% revenue run rate with MonTitan in that 2026, '27 time frame. We believe MonTitan will continue around and driving much bigger momentum beyond '26, '27.

Bluefield 3 Boot Drive - NVIDIA qualification is in the final stage. We believe we will enter production in the Q4. ...we believe this is helping us to grow in 2026 and '27.

General Business - I'm increasingly confident that we will achieve our goal of exiting 2025 at a $1 billion revenue run rate and grow further in 2026.

We believe that our business will reflect the broader industry with significant growth expected in the second half, driven by the strong ramp of new products and project wins. We continue to target an annual revenue run rate of approximately $1 billion as we exit the year.

...we can see 6 months backlog right now. That's why we're very confident about what we can achieve the $1 billion run rate by year-end.

...we're definitely looking forward to move back to 20%, 25% (operating) margin in late '26, and you will see even better (operating) margin moving to '27.

--------------------

Sounds to me like everything is going well other than (perhaps) Mon Titan. That still sort of sounds like a potential big winner in a year or two, but it doesn't sound like it's going to be significant this year (my two cents). They didn't change any Mon Titan guidance, but their two tier 1 customers are supposed to begin sales in H2 2025, and I don't get the impression those sales are going to be so strong we'll really notice them. Sort of a bummer since these design wins were annouced (I think) in Q1 2024. Long time to turn them into revenues!
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