Silicon Motion delivered an upbeat Q2 earnings report, which drove SIMO stock higher. It was a positive day overall for chip stocks.

Silicon Motion delivered an upbeat Q2 earnings report, which drove SIMO stock higher. It was a positive day overall for chip stocks.

Silicon Motion posted Q2 2026 revenue of $451 million, up 127% year-over-year, and raised Q3 guidance as AI storage demand accelerates across