Silicon Motion Technology (SIMO) reported fourth quarter non-GAAP net income of $0.47 per ADS after the close Thursday, compared to $0.18 per ADS last year. The consensus estimate was for EPS of $0.34.
Silicon Motion Technology gapped open sharply higher Friday and is now up 2.23 at $24.94 on above average volume. The stock has broken out of a one-month range and has set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.