Shares of Silicon Motion Technology (SIMO) soared 5.18% in pre-market trading on Wednesday following the company's release of better-than-expected first-quarter 2025 financial results.

The semiconductor company reported adjusted earnings per ADS of $0.60, significantly surpassing the analyst consensus estimate of $0.45. Revenue for the quarter came in at $166.49 million, also beating the Street's forecast of $162.69 million despite a 12.1% year-over-year decline.

Silicon Motion's performance was particularly impressive given the challenging market conditions. The company's ability to exceed expectations in both earnings and revenue demonstrates its resilience and effective management strategies. Investors appear to be reacting positively to this outperformance, as reflected in the pre-market stock movement.