Silicon Motion Technology (SIMO) Reports Prelim Q3 Results

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Go back to Silicon Motion Technology (SIMO) Reports Prelim Q3 Results

Silicon Motion Announces Preliminary Third Quarter 2024 Revenue and Earnings Conference Call Details

October 8, 2024 8:00 AM EDT

TAIPEI, Taiwan and MILPITAS, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (Silicon Motion or the Company), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary third quarter financial results, sequential revenue growth is expected to be above the midpoint of its original guidance range of $205 million to $216 million, which the company issued on August 2, 2024. Gross margin (non-GAAP) is expected to be in the upper half of the company's original 46.0% to 47.0% guidance range.

The Company will release its third quarter... More