🟢 Silicon Motion Technology is trading 11.56% up in pre-market on strong Q3 results and upbeat guidance

Silicon Motion Technology is trading at $245.00, up 11.56% in pre-market after strong third-quarter results and upbeat guidance. - Third-quarter revenue was $560.2 million, up 131% year over year, and non-GAAP EPS was $4.35. - Fourth-quarter revenue is forecast at $588–616 million; the company expects record 2026 revenue. - The broader semiconductor backdrop was weak, with SOXX down 2.81% pre-market.