Phison Electronics Corp. surpassed Wall Street expectations in the third quarter, reporting revenue of $242 million that exceeded analyst projections by nearly 9%. The Taiwanese chipmaker posted earnings of $1 per American depositary share, well above the consensus estimate of 81 cents.
The controller chip specialist experienced growth across all three product segments, with consumer PCIe Gen5 SSD controllers climbing 45% from the prior quarter. SSD and eMMC/UFS controllers each advanced 20% to 25% sequentially, while the mobile storage segment jumped 35% to 40% year-over-year.
Chief executive Wallace Kou attributed the gains to smartphone market stabilization, expanding automotive applications, and rising AI-enabled PC adoption. The company maintained its gross margin at 48.7%, though operating expenses climbed to $79.5 million due to research investments.
For the current quarter, the company forecasts revenue between $254 million and $266 million, representing sequential growth of 5% to 10%. Management declared a $2 annual cash dividend per ADS, with the first payment scheduled for November 26.
The results arrive as NAND flash supply tightens and prices rise, conditions that typically benefit controller manufacturers working directly with memory producers.
