Silicon Motion Announces Results for the Period Ended December 31, 2016

* Mobile Storage products include Embedded Storage products (eMMC and client SSD controllers and enterprise and industrial SSD solutions) and Expandable Storage products (SD and USB flash drive controllers)   

** Mobile Communications products include mobile TV SoCs and handset transceivers

Key Financial Results

(in millions, except percentages and per ADS amounts) GAAP Non-GAAP
4Q 2016 3Q 2016 4Q 2015 4Q 2016 3Q 2016 4Q 2015
Revenue$ 144.2 $ 158.6 $ 98.0 $ 144.2 $ 158.6 $ 98.0 
Gross profit$ 72.1 $ 77.4 $ 49.0 $ 72.3 $ 77.6 $ 49.1 
Percent of revenue  50.0%  48.8%  50.0%  50.2%  48.9%  50.1%
Operating expenses$ 37.3 $ 38.9 $ 31.0 $ 28.5 $ 32.0 $ 25.3 
Operating income$ 34.9 $ 38.5 $ 18.1 $ 43.8 $ 45.5 $ 23.9 
Percent of revenue  24.2%  24.3 %     18.4 %     30.4 %     28.7 %     24.4 %
Earnings per diluted ADS $   0.73   $   0.92   $   0.38   $   0.95   $   1.07   $   0.55  

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