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NEWS RELEASE Financial Highlights ● ● ● ● ● Net sales Gross margin Silicon Motion Announces Results for the Period Ended September 30 , 2021 Operating margin Earnings per diluted ADS Business Highlights Achieved third consecutive record quarterly revenue and earnings per share Reached $ 1 billion in Revenue Run - Rate , a quarter ahead of plan Sales of eMMC + UFS controllers reached new record quarterly high SSD controller sales approximately flat Q / Q and increased 70 % to 75 % Y / Y eMMC + UFS controller sales increased 60 % to 65 % Q / Q and increased 305 % to 310 % Y / Y SSD solutions sales increased 0 % to 5 % Q / Q and declined 0 % to 5 % Y / Y Launched world's fastest single chip controller for external portable SSDs 3Q 2021 GAAP $ 254.2 million ( + 15 % Q / Q , + 102 % Y / Y ) 50.0 % 1 27.1 % $ 1.58 3Q 2021 Non - GAAP $ 254.2 million ( + 15 % Q / Q , + 102 % Y / Y ) 50.2 % 29.4 % $ 1.70 TAIPEI , Taiwan and MILPITAS , Calif . , Oct 28 , 2021 - Silicon Motion Technology Corporation ( NasdaqGS : SIMO ) ( " Silicon Motion " or the " Company " ) today announced its financial results for the quarter ended September 30 , 2021. For the third quarter , net sales ( GAAP ) increased sequentially to $ 254.2 million from $ 221.1 million in second quarter 2021. Net income ( GAAP ) increased to $ 55.4 million or $ 1.58 per diluted ADS ( GAAP ) from net income ( GAAP ) of $ 49.5 million or $ 1.42 per diluted ADS ( GAAP ) in second quarter 2021 . For the third quarter , net income ( non - GAAP ) increased to $ 60.4 million or $ 1.70 per diluted ADS ( non - GAAP ) from a net income ( non - GAAP ) of $ 52.7 million or $ 1.50 per diluted ADS ( non - GAAP ) in second quarter 2021 . Third Quarter 2021 Review " We continued to optimize our scarce foundry wafer capacity and product allocation to customers and delivered $ 1 billion in Revenue Run - Rate , a quarter ahead of plan , " said Wallace Kou , President and CEO of Silicon Motion . " Our third quarter results were driven by strong sales of eMMC + UFS controllers used primarily in smartphones and other smart devices . "