On June 3, Silicon Motion Technology rose 5.7% in after-hours trading, trading at $312.0/share, with trading volume of $14.4 million.

On the news front, Silicon Motion recently announced it will showcase its latest storage innovations at COMPUTEX 2026, targeting edge AI, physical AI, and AI factory applications. The demonstrations span five major product lines including edge SSD controllers, embedded UFS and eMMC controllers, enterprise-grade SSD controllers, enterprise boot drives, and automotive Ferri solutions, covering key scenarios such as AI PCs, data centers, and intelligent vehicles. The company also recently obtained ISO 26262 automotive functional safety process certification, strengthening its position in smart cockpit, ADAS, and AI-driven automotive storage systems.

On the fundamentals side, the company reported Q1 earnings that significantly exceeded expectations with profits doubling, and management raised forward guidance. The company noted that global storage chip supply shortages driven by the AI wave are expected to persist through 2030, underpinning a robust long-term demand thesis.

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