Aug. 9 at 1:18 AM
$SIMO this is on track to print
$1B + in net income next year. If you look at the new product launches, the new boot drive business, the multiple tier 1 customers including
$NVDA , TSLA, GOOG, etc. the expanding market share in it's legacy business as NAND makers hand over their controller business, the company's guidance, the operating margin increase headed into next year--which will continue to grow into 2027, if you look at the growth rates of their direct competitors (Phison), you know this is going to
$3B + in revenues next year with operating margins at 30-40% and over
$1B net income. SIMO is currently trading at something like an 8 forward PE. This thing is wildly under priced compared to everything including
$STX $WDC and
$SNDK. I mean, SIMO is growing revenue 30%+ sequentially QoQ with margins increasing like 5% each quarter this year. It's almost doubling revenues every other quarter. Better margins and revenue growth than LITE, AAOI, and VIAV. Let's make some $$$$$$$.
