Silicon Motion delivered an upbeat Q2 earnings report, which drove SIMO stock higher. It was a positive day overall for chip stocks.
Silicon Motion Jumps On Positive Day For Chip Stocks
Licensing
11:48 AM ET 07/30/2026
Silicon Motion Technology (SIMO) delivered an upbeat second-quarter earnings report, which drove SIMO stock higher on Thursday. It was a positive day overall for chip stocks. Taiwan-based Silicon Motion late Wednesday said it earned an adjusted $2.43 per U.S. share in the June quarter, beating the consensus estimate of $2.13. Earnings surged 252% year over year. It was the company's…
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Here's a look inside the Q1 earnings report from Semtech.
