Silicon Motion Announces Results for the Period Ended December 31, 2015

* Mobile Storage products include Embedded Storage products (eMMC and SSD controllers and Ferri and Shannon storage solutions) and Expandable Storage products (SD and USB flash drive controllers).   

** Mobile Communications products include LTE transceivers and mobile TV ICs.

Key Financial Results

(in millions, except percentages and per ADS amounts) Non-GAAP GAAP
  4Q 2015 3Q 2015 4Q 2014 4Q 2015 3Q 2015 4Q 2014
Revenue$98.0 $95.4 $80.5 $98.0 $95.4 $80.5 
Sequential growth 3% 9% -7% 3% 9% -7%
Gross profit$49.1 $49.2 $42.3 $49.0 $49.1 $42.2 
Percent of revenue 50.1% 51.6% 52.5% 50.0% 51.5% 52.4%
Operating expenses$25.3 $25.8 $21.4 $31.0 $29.7 $25.4 
Operating income$23.9 $23.4 $20.9 $18.1 $19.4 $16.8 
Percent of revenue 24.4% 24.5% 26.0% 18.4% 20.4% 20.9%
Earnings per ADS (diluted)$0.55 $0.57 $0.53 $0.38   $ 0.38   $ 0.35  
                                     

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