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KKR-Led Consortium with Singtel Group to Fully Acquire ST Telemedia Global Data Centres at S$13.8 Billion Enterprise Value

Marks one of the largest digital infrastructure transactions in Southeast Asia

SINGAPORE–(BUSINESS WIRE)–
Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres (“STT GDC” or the “Company”), a leading data centre colocation services provider, from founding shareholder ST Telemedia for a total consideration of S$6.6 billion (approximately US$5.1 billion). This represents an implied enterprise value of approximately S$13.8 billion (approximately US$10.9 billion), including leverage and capital expenditure for committed projects.

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Upon completion, KKR and Singtel will own stakes of 75% and 25% respectively in the Company, taking into account the conversion of existing redeemable preference shares that both KKR and Singtel hold in the Company.

The Consortium first invested S$1.75 billion (approximately US$1.3 billion) in STT GDC through preference shares and warrants in what marked the largest digital infrastructure investment in Southeast Asia in 2024. Since then, the Company has grown its pipeline from 1.4GW in 2024 to over 1.7GW.

Established in 2014 by ST Telemedia and headquartered in Singapore, STT GDC is one of the world’s fastest-growing and most diversified data centre platforms with 2.3GW of design capacity across 12 major markets in Asia Pacific and United Kingdom and Europe. It provides critical services including high-quality colocation, connectivity and round-the-clock support services. As demand for AI and cloud services continues to accelerate, it is fuelling the need for new data centres to drive resource-intensive workloads.

David Luboff, Co-Head of KKR Asia Pacific and Head of Asia Pacific Infrastructure at KKR, said, “Digital infrastructure remains one of the most compelling long-term investment themes globally as cloud computing and data-rich applications continue to reshape how data is created, stored, and processed. STT GDC is well-positioned within this landscape, with a diversified footprint, strong development pipeline and a leadership team with a clear vision for global scale. This transaction represents a rare opportunity to further support a high-quality platform and deepen our strategic partnership with Singtel. We look forward to deploying KKR’s global network and deep digital infrastructure expertise to help STT GDC accelerate its next phase of sustainable, international growth.”

Arthur Lang, Group Chief Financial Officer of Singtel, said, “This acquisition is a significant step towards scaling our new growth engine in digital infrastructure as mapped out in our Singtel28 growth plan. STT GDC’s diverse geographical footprint increases our exposure to new markets and makes the Singtel Group a stronger data centre player with global reach. We appreciate ST Telemedia’s stewardship of the company and are confident that its seasoned leadership team will continue to scale the solid platform they have built. When added to our portfolio of data centre assets that includes Nxera in which KKR is also a capital partner, it meaningfully changes the business complexion of the Group while creating new opportunities for capital optimisation and growth. We will continue to exercise discipline in capital allocation and evaluate capital recycling alternatives to fund growth and maintain balance‑sheet efficiency. Our dividend and growth plans under Singtel28 remain intact.”

Stephen Miller, President & Group CEO of ST Telemedia, said, “ST Telemedia established STT GDC 12 years ago to pioneer one of Asia Pacific’s leading data centre platforms, combined with an equally strong position in the United Kingdom and Europe through VIRTUS. We are proud of STT GDC’s market leadership and the exceptional value creation achieved by the team over that period. As the data centre sector has fundamentally shifted, its exponential trajectory now requires a different scale of capital and specialised focus for STT GDC’s next exciting phase of continued growth. As a long-term, strategic shareholder, we have steadfastly supported STT GDC’s development and transformation. This transaction demonstrates our strategic stewardship while ensuring STT GDC’s ongoing sustainable growth with an optimal partner. Finally, we extend our deep gratitude to the STT GDC management and staff for their outstanding execution and dedication over the past 12 years.”

Bruno Lopez, President & Group CEO of STT GDC, said, “Today’s announcement marks an exciting new chapter in STT GDC’s journey, building on the strong foundations established over the past 12 years. We appreciate the pivotal role of ST Telemedia in nurturing and guiding the business to the breadth and scale it is today. This expanded investment from KKR and Singtel underscores their confidence in the quality of STT GDC’s business and its growth trajectory and will further accelerate our mission to deliver the critical infrastructure powering tomorrow’s digital economy. With the consortium’s global expertise, regional networks, financial strength and, most importantly, our shared ambition, STT GDC is poised to scale rapidly and capture the next wave of significant growth in cloud and AI demand. Coupled with our proven leadership and exceptional teams across all markets, STT GDC is well-positioned to shape the future of sustainable digital infrastructure and continue delivering value to our customers, partners and employees.”

The transaction is expected to close by early second half of 2026, subject to customary closing conditions, including regulatory approvals.

Consortium Background:

KKR is making this investment predominantly from its Asia Pacific infrastructure strategy. This marks KKR’s latest digital infrastructure investment in Southeast Asia and globally. Past investments in this region have included: Nxera, a Singapore-headquartered data centre platform serving Asia Pacific; Pinnacle Towers, a digital infrastructure platform in Asia with a focus on the Philippines; and OMS Group, a neutral subsea telecommunications cable services provider. Globally, KKR’s data centre investments have included: CyrusOne, a global data center owner and operator and Global Technical Realty, a data center platform with a focus on Europe and the UK, among others. KKR’s Asia Pacific infrastructure platform has grown to approximately US$16 billion (approximately S$20 billion) in assets under management since it was established in 2019, as of September 30, 2025.

Singtel Group is a leading provider of connectivity, digital services and digital infrastructure, with data centres a critical part of the business. In September 2023, KKR acquired a 20% stake in Nxera. The operational capacity of Nxera’s data centres in Southeast Asia is expected to more than double from over 200MW in 2026 to over 400MW in the mid-term. These data centres together with the Group’s extensive regional terrestrial fibre network, subsea cable network spanning more than 195,000 km across 30 countries, Paragon orchestration platform and RE:AI AI cloud service, form the core portfolio of its Digital InfraCo unit. This transaction is not expected to have an impact on Singtel’s credit rating and dividend policy.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.

For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Singtel Group

Singtel Group is a leading Asian communications technology group, operating next-generation connectivity, digital infrastructure and digital businesses including regional data centre arm Nxera and regional IT services arm NCS. The Group has presence in Asia, Australia and Africa and reaches over 820 million mobile customers in 20 countries.

For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For enterprises, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber security capabilities.

Singtel is dedicated to continuous innovation, harnessing technology to create new and exciting customer experiences, support enterprises in their digital transformation and shape a more sustainable, digital future.

For more information, visit www.singtel.com.

About ST Telemedia

ST Telemedia (STT) is a Singapore-headquartered strategic investor specialising in Communications, Data Centres and Infrastructure Technology businesses globally. Its vision is to build leading digital services and infrastructure platforms that facilitate business growth and help societies advance. Since commencing operations in 1994, STT has demonstrated a strong track record of building and growing its portfolio companies into market leaders in both developed and high-growth markets. STT is represented in 15 countries across Asia, Europe and the US.

For more information, visit https://www.sttelemedia.com/

About ST Telemedia Global Data Centres

ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere.

For more information, visit www.sttelemediagdc.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260202441025/en/

Media Contacts


For KKR:

Wei Jun Ong

+65 9139 5813

[email protected]

For Singtel:

Lian Pek

+65 9488 2696

[email protected]

For ST Telemedia:

Stephen Miller

[email protected]

For ST Telemedia Global Data Centres:

Chow Yi

+65 9784 6406

[email protected]

KEYWORDS: Singapore Southeast Asia Asia Pacific

INDUSTRY KEYWORDS: Software Carriers and Services Networks Professional Services Fintech Data Management Technology Asset Management Artificial Intelligence Security Finance Telecommunications

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MSCI February Index Review Announcement Scheduled for February 10, 2026

LONDON–(BUSINESS WIRE)–
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MSCI will post the list of additions to and deletions from the indexes for the February 2026 Index Review on its web site, www.msci.com, shortly after 11:00 p.m. Central European Time (CET) on February 10, 2026.

A summary of the announcement will be made available shortly thereafter on Bloomberg page MSCN, and Reuters public page MSCIA.

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For the MSCI US Equity Indexes and the MSCI US REIT Index, a summary of the announcement will be made available at www.msci.com.

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-Ends-

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KEYWORDS: Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

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Posted on February 3, 2026 6:16 pm

Power Integrations Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Power Integrations Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

SAN JOSÉ, Calif.–(BUSINESS WIRE)–
Power Integrations, Inc. (Nasdaq: POWI) today announced that on February 2, 2026, it granted 64,487 restricted stock units (RSUs), 9,136 performance stock units (PSUs) and 42,992 long term performance stock units (PRSUs) at target to Nancy Erba, who began her employment as the company’s chief financial officer in January 2026. Additionally, on February 2, 2026, it granted 42,131 RSUs, 6,019 PSUs and 18,056 PRSUs at target to Chris Jacobs, who began his employment as the company’s senior vice president for marketing and product strategy in January 2026, and 19,346 PRSUs at target to Julie Currie, who began her employment as the company’s chief people and transformation officer in November 2025.

The grants were issued pursuant to Power Integrations’ Amended and Restated 2025 Inducement Award Plan. The RSUs will vest annually over four years, subject to continued service through each applicable vesting date. The PSUs and PRSUs will vest based upon achievement of the company’s performance metrics for 2026 and 2028, respectively, as determined by the talent and compensation committee of the company’s board of directors, up to a maximum of 200% of the target number of PSUs or PRSUs, as applicable, subject to continued service through December 31st of the applicable year. The grants are subject to the terms and conditions of the applicable RSU, PSU and PRSU agreements and Power Integrations’ Amended and Restated 2025 Inducement Award Plan.

The grants were approved by the talent and compensation committee of the company’s board of directors, as required by Nasdaq Rule 5635(c)(4), and were granted as a material inducement to employment in accordance with Nasdaq Rule 5635(c)(4).

About Power Integrations

Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.

Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260203318626/en/

Joe Shiffler

Power Integrations, Inc.

(408) 414-8528

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Communications Semiconductor Public Relations/Investor Relations

MEDIA:

Posted on February 3, 2026 6:05 pm

Silicon Motion Announces Results for the Fourth Quarter and Year Ended December 31, 2025

Business Highlights

• Fourth quarter of 2025 sales increased 15% Q/Q and increased 46% Y/Y
  • SSD controller sales: 4Q of 2025 increased 25% to 30% Q/Q and increased 35% to 40% Y/Y
  • eMMC+UFS controller sales: 4Q of 2025 increased 0% to 5% Q/Q and increased 50% to 55% Y/Y
  • SSD solutions sales: 4Q of 2025 increased 125% to 130% Q/Q and increased 110% to 115% Y/Y
• Announced annual cash dividend of $2.00 per American Depositary Share (“ADS”)

Financial Highlights

	4Q 2025 GAAP	4Q 2025 Non-GAAP*
•   Net sales	$278.5 million (+15% Q/Q, +46% Y/Y)	$278.5 million (+15% Q/Q, +46% Y/Y)
•   Gross margin	49.1%	49.2%
•   Operating margin	11.4%	19.3%
•   Earnings per diluted ADS	$1.41	$1.26

	Full Year 2025 GAAP	Full Year 2025 Non-GAAP*
•   Net sales	$885.6 million (+10% Y/Y)	$885.6 million (+10% Y/Y)
•   Gross margin	48.3%	48.3%
•   Operating margin	10.5%	14.9%
•   Earnings per diluted ADS	$3.64	$3.55

*  Please see reconciliations of U.S. Generally Accepted Accounting Principles (“GAAP”) to all non-GAAP financial measures mentioned herein towards the end of this news release.

TAIPEI, Taiwan and MILPITAS, Calif., Feb. 04, 2026 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company,” “we” or similar terms) today announced its financial results for the fourth quarter and year ended December 31, 2025. For the fourth quarter of 2025, net sales (GAAP) increased sequentially to $278.5 million from $242.0 million in the third quarter of 2025. Net income (GAAP) also increased sequentially to $47.7 million, or $1.41 per diluted American depositary share (“ADS”) (GAAP), from net income (GAAP) of $39.1 million, or $1.16 per diluted ADS (GAAP), in the third quarter of 2025.

For the fourth quarter of 2025, net income (non-GAAP) increased sequentially to $42.7 million, or $1.26 per diluted ADS (non-GAAP), from net income (non-GAAP) of $33.8 million, or $1.00 per diluted ADS (non-GAAP), in the third quarter of 2025.

All financial numbers are in U.S. dollars unless otherwise noted.

Fourth Quarter of 2025 Review

“Our fourth quarter of 2025 outperformance was driven by strength across all our business lines as new products continued to ramp, and we further extended our market share gains in eMMC/UFS and client SSDs,” stated Wallace Kou, President and CEO of Silicon Motion. “Our client SSD controller sales grew over 25% quarter-over-quarter in the fourth quarter of 2025, primarily driven by our industry-leading leading 8-channel and our newly introduced 4-channel PCIe5 controllers. Our eMMC and UFS products increased again sequentially during the fourth quarter of 2025, primarily driven by market share gains. We also experienced strong growth in our automotive segment primarily driven by increased product diversification and new customer ramps. The fourth quarter of 2025 also marked the initial sales of our new boot drive storage products to a leading GPU maker, one of our new growth areas in our rapidly evolving enterprise business. We are pleased by the early progress we are seeing with our new products and the diversification strategy we have set in motion over the past couple of years. Our momentum in our core eMMC/UFS and client SSD controllers continues to be strong as we secure new wins that further our market share gains and our new initiatives in enterprise and automotive are beginning to take hold and will represent significant growth drivers long-term for the Company.”

Key Financial Results

(in millions, except percentages and per ADS amounts)	GAAP						Non-GAAP
	4Q 2025		3Q 2025		4Q 2024		4Q 2025		3Q 2025		4Q 2024
Revenue	$278.5		$242.0		$191.2		$278.5		$242.0		$191.2
Gross profit	$136.8		$117.7		$87.6		$137.0		$117.8		$87.9
Percent of revenue	49.1%		48.6%		45.8%		49.2%		48.7%		46.0%
Operating expenses	$105.1		$88.5		69.9		$83.2		$79.5		$58.3
Operating income	$31.7		$29.2		$17.7		$53.8		$38.3		$29.6
Percent of revenue	11.4%		12.1%		9.3%		19.3%		15.8%		15.5%
Earnings per diluted ADS	$1.41		$1.16		$0.64		$1.26		$1.00		$0.87

Other Financial Information

(in millions)	4Q 2025			3Q 2025			4Q 2024
Cash, cash equivalents and restricted cash—end of period	$277.1			$272.4			$334.3
Routine capital expenditures	$6.2			$9.9			$7.3
Dividend payments	$16.7			$16.7			$16.8

During the fourth quarter of 2025, we had $7.8 million of capital expenditures, including $6.2 million for the routine purchases of testing equipment, software, design tools and other items, and $1.6 million for building and building improvements in Hsinchu, Taiwan.

Returning Value to Shareholders

On October 27, 2025, our Board of Directors declared a $2.00 per ADS annual cash dividend to be paid in quarterly installments of $0.50 per ADS. On November 26, 2025, we paid $16.7 million to Silicon Motion shareholders as the first installment of the annual cash dividend. The second installment of our annual dividend will be paid on February 26, 2026 to all shareholders of record on February 11, 2026.

Business Outlook

“As we enter 2026, our momentum in increasing market share, growing our customer and product portfolio and expanding into new markets has never been stronger. These new products and opportunities across all our business lines are expected to ramp in 2026, driving revenue acceleration and profitability growth for the Company. Based on our existing backlog for the first quarter of 2026 and the full-year, we anticipate a significantly stronger-than-seasonal start, with sustained and steady growth throughout the year,” stated Mr. Kou.

For the first quarter of 2026, management expects:

($ in millions, except percentages)	GAAP	Non-GAAP Adjustment	Non-GAAP
Revenue	$292 to $306	—	$292 to $306
	+5% to 10% Q/Q		+5% to 10% Q/Q
	+76% to 84% Y/Y		+76% to 84% Y/Y
Gross margin	45.9% to 46.9%	Approximately $0.3*	46.0% to 47.0%
Operating margin	12.0% to 14.5%	Approximately $10.8 to $11.8**	16.0% to 18.0%

* Projected gross margin (non-GAAP) excludes $0.3 million of stock-based compensation.
** Projected operating margin (non-GAAP) excludes $10.8 million to $11.8 million of stock-based compensation and dispute related expenses.

Conference Call & Webcast:

The Company’s management team will conduct a conference call at 8:00 am Eastern Time on February 4, 2026.

Conference Call Details

Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique access PIN) will be provided in the email received upon registration.

Participant Online Registration:
https://register-conf.media-server.com/register/BI240b206301124437a300f3cdda6f35b8

A webcast of the call will be available on the Company’s website at www.siliconmotion.com.

Discussion of Non-GAAP Financial Measures

To supplement the Company’s unaudited consolidated financial results calculated in accordance with GAAP, the Company discloses certain non-GAAP financial measures that exclude stock-based compensation and other items, including gross profit (non-GAAP), gross margin (non-GAAP), operating expenses (non-GAAP), operating profit (non-GAAP), operating margin (non-GAAP), non-operating income (expense) (non-GAAP), net income (non-GAAP), and earnings per diluted ADS (non-GAAP). These non-GAAP measures are not in accordance with or an alternative to GAAP and may be different from similarly-titled non-GAAP measures used by other companies. We believe that these non-GAAP measures have limitations in that they do not reflect all the amounts associated with the Company’s results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate the Company’s results of operations in conjunction with the corresponding GAAP measures. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measure. We compensate for the limitations of our non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance.

Our non-GAAP financial measures are provided to enhance the user’s overall understanding of our current financial performance and our prospects for the future. Specifically, we believe the non-GAAP results provide useful information to both management and investors as these non-GAAP results exclude certain expenses, gains and losses that we believe are not indicative of our core operating results and because they are consistent with the financial models and estimates published by many analysts who follow the Company. We use non-GAAP measures to evaluate the operating performance of our business, for comparison with our forecasts, and for benchmarking our performance externally against our competitors. Also, when evaluating potential acquisitions, we exclude the items described below from our consideration of the target’s performance and valuation. Since we find these measures to be useful, we believe that our investors benefit from seeing the results from management’s perspective in addition to seeing our GAAP results. We believe that these non-GAAP measures, when read in conjunction with the Company’s GAAP financials, provide useful information to investors by offering:

• the ability to make more meaningful period-to-period comparisons of the Company’s on-going operating results;
• the ability to better identify trends in the Company’s underlying business and perform related trend analysis;
• a better understanding of how management plans and measures the Company’s underlying business; and
• an easier way to compare the Company’s operating results against analyst financial models and operating results of our competitors that supplement their GAAP results with non-GAAP financial measures.

The following are explanations of each of the adjustments that we incorporate into our non-GAAP measures, as well as the reasons for excluding each of these individual items in our reconciliation of these non-GAAP financial measures:

Stock-based compensation expense consists of non-cash charges related to the fair value of restricted stock units awarded to employees. The Company believes that the exclusion of these non-cash charges provides for more accurate comparisons of our operating results to our peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, the Company believes it is useful to investors to understand the specific impact of share-based compensation on its operating results.

Restructuring charges relate to the restructuring of our underperforming product lines, principally the write-down of NAND flash, embedded DRAM and SSD inventory valuation and severance payments. 

Dispute related expenses consist of legal, consultant, other fees and resolution related to the dispute.

Foreign exchange loss (gain) consists of translation gains and/or losses of non-US$ denominated current assets and current liabilities, as well as certain other balance sheet items, which result from the appreciation or depreciation of non-US$ currencies against the US$. We do not use financial instruments to manage the impact on our operations from changes in foreign exchange rates, and because our operations are subject to fluctuations in foreign exchange rates, we therefore exclude foreign exchange gains and losses when presenting non-GAAP financial measures.

Realized/Unrealized loss (gain) on investments relates to the disposal and net change in fair value of long-term investments.

Silicon Motion Technology Corporation Consolidated Statements of Income (in thousands, except percentages and per ADS data, unaudited)
	For Three Months Ended									For the Year Ended
	Dec. 31,			Sep. 30,			Dec. 31,			Dec. 31,			Dec. 31,
	2024			2025			2025			2024			2025
	($)			($)			($)			($)			($)
Net sales	191,160			241,999			278,461			803,552			885,627
Cost of sales	103,560			124,311			141,694			434,787			458,118
Gross profit	87,600			117,688			136,767			368,765			427,509
Operating expenses
Research & development	54,156			69,461			80,084			217,822			262,718
Sales & marketing	7,360			9,492			10,682			27,450			34,383
General & administrative	8,350			9,503			14,290			31,354			37,371
Loss from settlement of litigation	–			–			–			1,250			–
Operating income	17,734			29,232			31,711			90,889			93,037
Non-operating income (expense)
Interest income, net	3,768			2,160			1,867			14,528			9,663
Foreign exchange gain (loss), net	1,046			574			288			1,391			(2,067	)
Realized/Unrealized gain (loss) on investments, net	956			13,002			24,247			601			39,493
Others, net	–			–			–			–			1
Subtotal	5,770			15,736			26,402			16,520			47,090
Income before income tax	23,504			44,968			58,113			107,409			140,127
Income tax expense	1,935			5,856			10,364			18,160			17,492
Net income	21,569			39,112			47,749			89,249			122,635
Earnings per basic ADS	0.64			1.17			1.42			2.65			3.65
Earnings per diluted ADS	0.64			1.16			1.41			2.65			3.64
Margin Analysis:
Gross margin	45.8	%		48.6	%		49.1	%		45.9	%		48.3	%
Operating margin	9.3	%		12.1	%		11.4	%		11.3	%		10.5	%
Net margin	11.3	%		16.2	%		17.1	%		11.1	%		13.8	%
Additional Data:
Weighted avg. ADS equivalents	33,690			33,560			33,561			33,642			33,578
Diluted ADS equivalents	33,814			33,592			33,764			33,722			33,679

Silicon Motion Technology Corporation Reconciliation of GAAP to Non-GAAP Operating Results (in thousands, except percentages and per ADS data, unaudited)
	For Three Months Ended												For the Year Ended
	Dec. 31,				Sep. 30,				Dec. 31,				Dec. 31,				Dec. 31,
	2024				2025				2025				2024				2025
	($)				($)				($)				($)				($)
Gross profit (GAAP)		87,600				117,688				136,767				368,765				427,509
Gross margin (GAAP)		45.8	%			48.6	%			49.1	%			45.9	%			48.3	%
Stock-based compensation (A)		162				86				251				311				411
Restructuring charges		164				–				–				209				–
Gross profit (non-GAAP)		87,926				117,774				137,018				369,285				427,920
Gross margin (non-GAAP)		46.0	%			48.7	%			49.2	%			46.0	%			48.3	%
Operating expenses (GAAP)		69,866				88,456				105,056				277,876				334,472
Stock-based compensation (A)		(9,585	)			(5,435	)			(15,525	)			(16,645	)			(25,872	)
Dispute related expenses		(1,999	)			(3,556	)			(6,314	)			(13,135	)			(12,988	)
Operating expenses (non-GAAP)		58,282				79,465				83,217				248,096				295,612
Operating profit (GAAP)		17,734				29,232				31,711				90,889				93,037
Operating margin (GAAP)		9.3	%			12.1	%			11.4	%			11.3	%			10.5	%
Total adjustments to operating profit		11,910				9,077				22,090				30,300				39,271
Operating profit (non-GAAP)		29,644				38,309				53,801				121,189				132,308
Operating margin (non-GAAP)		15.5	%			15.8	%			19.3	%			15.1	%			14.9	%
Non-operating income (expense) (GAAP)		5,770				15,736				26,402				16,520				47,090
Foreign exchange loss (gain), net		(1,046	)			(574	)			(288	)			(1,391	)			2,067
Realized/Unrealized gain (loss) on investments, net		(956	)			(13,002	)			(24,247	)			(601	)			(39,493	)
Non-operating income (expense) (non-GAAP)		3,768				2,160				1,867				14,528				9,664
Net income (GAAP)		21,569				39,112				47,749				89,249				122,635
Total pre-tax impact of non-GAAP adjustments		9,908				(4,499	)			(2,445	)			28,308				1,845
Income tax impact of non-GAAP adjustments		(2,049	)			(789	)			(2,594	)			(3,064	)			(4,664	)
Net income (non-GAAP)		29,428				33,824				42,710				114,493				119,816
Earnings per diluted ADS (GAAP)	$	0.64			$	1.16			$	1.41			$	2.65			$	3.64
Earnings per diluted ADS (non-GAAP)	$	0.87			$	1.00			$	1.26			$	3.39			$	3.55
Shares used in computing earnings per diluted ADS (GAAP)		33,814				33,592				33,764				33,722				33,679
Non-GAAP adjustments		181				110				166				84				86
Shares used in computing earnings per diluted ADS (non-GAAP)		33,995				33,702				33,930				33,806				33,765
(A) Excludes stock-based compensation as follows:
Cost of sales		162				86				251				311				411
Research & development		6,670				3,820				10,996				11,284				17,874
Sales & marketing		978				677				1,810				1,954				3,428
General & administrative		1,937				938				2,719				3,407				4,570

Silicon Motion Technology Corporation Consolidated Balance Sheets (In thousands, unaudited)
		Dec. 31,		Sep. 30,		Dec. 31,
		2024		2025		2025
		($)		($)		($)
Cash and cash equivalents		276,068		198,581		201,842
Accounts receivable (net)		233,744		201,576		211,546
Inventories		199,229		337,967		421,798
Refundable deposits – current		54,645		70,227		71,297
Prepaid expenses and other current assets		31,187		57,043		36,885
Total current assets		794,873		865,394		943,368
Long-term investments		17,326		32,705		29,676
Property and equipment (net)		188,398		211,080		217,253
Other assets		30,739		27,846		30,709
Total assets		1,031,336		1,137,025		1,221,006
Accounts payable		17,773		74,981		34,745
Income tax payable		13,107		19,231		22,426
Accrued expenses and other current liabilities		168,624		157,504		280,639
Total current liabilities		199,504		251,716		337,810
Other liabilities		59,548		51,506		52,458
Total liabilities		259,052		303,222		390,268
Shareholders’ equity		772,284		833,803		830,738
Total liabilities & shareholders’ equity		1,031,336		1,137,025		1,221,006

Silicon Motion Technology Corporation Condensed Consolidated Statements of Cash Flows (in thousands, unaudited)
	For Three Months Ended									For the Year Ended
	Dec. 31,			Sep. 30,			Dec. 31,			Dec. 31,			Dec. 31,
	2024			2025			2025			2024			2025
	($)			($)			($)			($)			($)
Net income	21,569			39,112			47,749			89,249			122,635
Depreciation & amortization	7,256			8,039			7,465			25,331			30,174
Stock-based compensation	9,747			5,521			15,776			16,956			26,283
Investment losses (gain) & disposals	(956	)		(12,903	)		(24,225	)		(594	)		(39,384	)
Changes in operating assets and liabilities	(43,774	)		(12,905	)		(45,200	)		(53,847	)		(78,282	)
Net cash provided by (used in) operating activities	(6,158	)		26,864			1,565			77,095			61,426
Purchase of property & equipment	(10,836	)		(20,113	)		(7,823	)		(44,351	)		(55,148	)
Purchase of Investment	(4,173	)		–			–			(4,173	)		–
Proceeds from long-term investments	4,432			–			27,575			4,432			27,575
Others	3			90			–			3			104
Net cash provided by (used in) investing activities	(10,574	)		(20,023	)		19,752			(44,089	)		(27,469	)
Dividend payments	(16,814	)		(16,749	)		(16,749	)		(67,255	)		(67,200	)
Share repurchases	–			–			–			–			(24,312	)
Net cash used in financing activities	(16,814	)		(16,749	)		(16,749	)		(67,255	)		(91,512	)
Net increase (decrease) in cash, cash equivalents & restricted cash	(33,546	)		(9,908	)		4,568			(34,249	)		(57,555	)
Effect of foreign exchange changes	(717	)		17			125			(408	)		303
Cash, cash equivalents & restricted cash—beginning of period	368,596			282,279			272,388			368,990			334,333
Cash, cash equivalents & restricted cash—end of period	334,333			272,388			277,081			334,333			277,081

About Silicon Motion:
We are the global leader in supplying NAND flash controllers for solid state storage devices. We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications. We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at www.siliconmotion.com.

Forward-Looking Statements:

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from one or more customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the impact of inflation on our business and customer’s businesses and any effect this has on economic activity in the markets in which we operate; the functionalities and performance of our information technology (“IT”) systems, which are subject to cybersecurity threats and which support our critical operational activities, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; the effects on our business and our customer’s business taking into account the ongoing U.S.-China tariffs and trade disputes; the uncertainties associated with any future global or regional pandemic; the continuing tensions between Taiwan and China, including enhanced military activities; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; supply chain disruptions that have affected us and our industry as well as other industries on a global basis; the payment, or non-payment, of cash dividends in the future at the discretion of our Board of Directors and any announced planned increases in such dividends; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in the products we sell given the current raw material supply shortages being experienced in our industry; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 30, 2025. Other than as required under the securities laws, we do not intend, and do not undertake any obligation to, update or revise any forward-looking statements, which apply only as of the date of this news release.

Silicon Motion Investor Contacts:
Tom Sepenzis	Selina Hsieh
Senior Director of IR & Strategy	Investor Relations
[email protected]	[email protected]