Silicon Motion Announces Results for the Period Ended June 30, 2018

Reconciliation of GAAP to Non-GAAP Operating Results
(in thousands, except percentages and per ADS data, unaudited)

  
  For the Three Months Ended
  Jun. 30,  2017  ($) Mar. 31, 2018  ($) Jun. 30, 2018  ($)
Gross profit (GAAP)64,611 62,554 65,581 
Gross margin (GAAP)48.7%48.0%47.5%
Stock-based compensation expense (A)2 59 5 
Gross profit (non-GAAP)64,613 62,613 65,586 
Gross margin (non-GAAP)48.7%48.0%47.5%
    
Operating expenses (GAAP)34,340 37,701 31,617 
Stock-based compensation expense (A)(982)(3,078)(712)
Amortization of intangible assets(526)(741)(741)
Litigation expense- (13)(8)
Operating expenses (non-GAAP)32,832 33,869 30,156 
    
Operating profit (GAAP)30,271 24,853 33,964 
Operating margin (GAAP)22.8%19.1%24.6%
Total adjustments to operating profit1,510 3,891 1,466 
Operating profit (non-GAAP)31,781 28,744 35,430 
Operating margin (non-GAAP)23.9%22.1%25.7%
    
Non-operating income (expense) (GAAP)886 2,347 298 
Foreign exchange loss (gain), net65 (1,076)933 
Loss (gain) on equity-method investment- - 205 
Non-operating income (expense) (non-GAAP)951 1,271 1,436 
    
Net income (GAAP)24,033 23,061 30,728  
Total pre-tax impact of non-GAAP adjustments 1,575   2,815   2,604  
Income tax impact of non-GAAP adjustments (173 ) (243 ) (138 )
Net income (non-GAAP) 25,435   25,633   33,194  
       
Earnings per diluted ADS (GAAP) $0.67   $0.64   $0.85  
Earnings per diluted ADS (non-GAAP) $0.71   $0.71   $0.92  
       
Shares used in computing earnings per diluted ADS (GAAP) 35,801   36,119   36,151  
Non-GAAP Adjustments 51   55   38  
Shares used in computing earnings per diluted ADS (non-GAAP) 35,852   36,174   36,189  
       
(A)  Excludes stock-based compensation as follows:      
Cost of Sales 2   59   5  
Research & development 315   1,868   227  
Sales & marketing 596   659   433  
General & administrative 71   551   52  

Silicon Motion Technology Corporation

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Jobs
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise