SIMO

$SIMO Boot drive revenues doubled in Q2 and now represent 30% of overall revenues...and ramping in 2H! SIMO now growing revenues 30%+ sequentially QoQ. Operating margins increasing 5% each quarter this year. On track to print $1B in net income next year. Top and bottom line growing faster than LITE ALAB AAOI MRVL $CIEN $CRDO $VIAV $COHR .... Trades for $8B / 30PE TTM..... WTF.

$SIMO Ai booty printing big $$$$. Boot drive revenues doubled in Q2 and now represent 30% of overall revenues...and ramping in 2H! SIMO now growing revenues 30%+ sequentially QoQ. Operating margins increasing 5% each quarter this year. On track to print $1B in net income next year. Top and bottom line growing faster than $LITE $ALAB $AAOI $MRVL CIEN CRDO VIAV COHR .... Trades for $8B / 30PE TTM..... WTF.

$SIMO boot drives are going to be massive in 2H as SIMO starts shipping for $NVDA Vera Rubin launch... Analyst Sebastien Naji Got it. Okay. That's helpful. Then, maybe for my follow-up, just on the boot drive business, can you comment on whether you're starting to see the benefit of BlueField 4 sales in either Q2 or your Q3 guidance as Nvidia starts to ramp their Vera Rubin platform? Or has much of the growth so far been tied to the first generation BlueField 3 program? CEO Wallace Kou We cannot comment specific regarding the time, but I think the BlueField 4 definitely would go with customer's announcement, right? We do have a pretty large share for BlueField supply for the boot drive, so we're very happy when they ramp up in the second half this year.