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Silicon Motion Technology Corporation (NASDAQ: SIMO) |
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Silicon Motion Technology Corporation Outlook |
On January 7 2025 the Silicon Motion Technology Corporation provided following guidance
nnSilicon Motion Technology Corporation Provides Preliminary Revenue Projections for Q4 2024 and Earnings Call Detailsnn
Taipei, Taiwan, and Milpitas, California - January 7, 2025 - Silicon Motion Technology Corporation (NASDAQ: SIMO), a prominent global player in NAND flash controllers designed for solid-state storage solutions, has released preliminary estimates regarding its financial performance for the fourth quarter of 2024.
The company anticipates that its revenue for this period will fall at the lower end of its previously established guidance, originally announced on October 31, 2024. The guidance suggested a revenue range of $191 million to $202 million, and Silicon Motion now expects to report figures closer to $191 million. In addition, the Company has projected its non-GAAP gross margin to be around the middle of the initial forecast, between 46.5% and 47.5%.
Investors and stakeholders are encouraged to tune in to the upcoming earnings conference call, where company executives will provide further insights into these results as well as discuss the factors influencing this quarter's performance and outlook for the future. The details of the call, including date and access information, will be communicated shortly.
Silicon Motion remains committed to delivering high-performance solutions in the NAND market, and these preliminary results reflect the company?s ongoing efforts to adapt to industry dynamics while focusing on innovation and growth.,
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On October 8 2024 the Silicon Motion Technology Corporation provided following guidance
nnSilicon Motion Technology Corporation Provides Preliminary Third Quarter 2024 Revenue Estimates and Upcoming Earnings Conference Call Informationnn
TAIPEI, Taiwan and MILPITAS, Calif., October 8, 2024 ? Silicon Motion Technology Corporation (NasdaqGS: SIMO), a recognized leader in the development of NAND flash controllers for solid-state storage solutions, has announced preliminary results for its third quarter financial performance. The company expects sequential revenue growth to exceed the midpoint of its previously set guidance range of $205 million to $216 million, which was originally communicated to the market on August 2, 2024. Additionally, it projects that its gross margin (non-GAAP) will fall within the upper tier of its former guidance range of 46.0% to 47.0%.
This optimistic outlook reflects Silicon Motion's solid operational strategies and robust demand for its cutting-edge technology in the storage sector. The anticipated sequential revenue growth signifies a positive trajectory for the company as it continues to meet market demands and leverage its innovative product offerings.
The upcoming earnings conference call will provide further insights and details regarding the company's financial performance and strategic direction. Investors and s are encouraged to participate to gain a deeper understanding of Silicon Motion's successful quarter and future prospects.,
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On July 8 2024 the Silicon Motion Technology Corporation provided following guidance
### Silicon Motion Announces Preliminary Financial Results for Q2 2024 and Upcoming Earnings Call Details
nnTAIPEI, Taiwan and MILPITAS, Calif., July 8, 2024nn - Silicon Motion Technology Corporation (NasdaqGS: SIMO), a global leader in NAND flash controllers for solid-state storage devices, has released its preliminary financial results for the second quarter of 2024.
#### Q2 2024 Preliminary Revenue and Gross Margin
nnRevenue:nn The company projects that its second-quarter revenues will surpass the high-end of its previously provided guidance range, which was between $199 million and $208 million. This suggests a stronger-than-anticipated performance following the initial forecasts issued on May 3, 2024.
nnGross Margin (Non-GAAP):nn Silicon Motion anticipates that its non-GAAP gross margin will be close to the high-end of its previously estimated range of 45.0% to 46.0%. This indicates an effective cost-control strategy and improved profit margins compared to initial estimates.
We are pleased with our robust performance in the second quarter, surpassing our revenue expectations and maintaining strong gross margins, said Wallace Kou, President and CEO of Silicon Motion. This is a testament to the strength of our products and our ability to execute well in a competitive market.
#### Earnings Conference Call
Silicon Motion has also announced that it will be hosting an earnings conference call to discuss these preliminary results in more detail. During the call, the company's leadership team will provide further insights into the factors driving this better-than-expected performance and discuss the outlook for the remainder of the fiscal year.
Details for the earnings call are as follows:
- nnDate:nn [Insert Date Here]
- nnTime:nn [Insert Time Here]
- nnDial-in Number:nn [Insert Dial-in Number Here]
- nnWebcast Link:nn [Insert Webcast Link Here]
#### Forward-Looking Statements
This press release contains forward-looking statements concerning Silicon Motion's anticipated operating results for the second quarter of 2024, including projected revenue and gross margin. These statements are based on the company's preliminary assessments and are subject to risks and uncertainties that may cause actual results to differ materially.
For more detailed information, refer to the company's official filings and press releases.
nnAbout Silicon Motion Technology Corporationnn
Silicon Motion Technology Corporation (NASDAQ: SIMO) is a global leader in developing NAND flash controllers for solid-state storage devices. The company's innovative solutions enable efficient and reliable data storage for devices ranging from enterprise-grade servers to consumer electronics.
For more information, please visit the official website at [www.siliconmotion.com](http://www.siliconmotion.com).
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This elaborated text provides more context and details about the projected performance and upcoming earnings call of Silicon Motion Technology Corporation for Q2 2024.
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On April 9 2024 the Silicon Motion Technology Corporation provided following guidance
Silicon Motion Technology Corporation (NasdaqGS: SIMO) has announced their preliminary first quarter financial results for 2024, indicating that they have exceeded their original revenue guidance range of $172 million to $182 million. The company expects sequential revenue growth to be slightly above the high-end of this range. Additionally, the gross margin (non-GAAP) is anticipated to be near the high-end of the original guidance range of 44.0% to 45.0%.
This positive performance reflects Silicon Motion's position as a global leader in NAND flash controllers for solid state storage devices. The company's strong financial results are a testament to their continued innovation and commitment to delivering high-quality products to their customers.
In light of these preliminary results, Silicon Motion will be hosting a conference call to discuss their first quarter revenue and earnings. Investors and s are encouraged to participate in this call to gain further insights into the company's performance and outlook for the remainder of 2024.
Overall, Silicon Motion Technology Corporation's strong performance in the first quarter of 2024 underscores their ability to adapt to market conditions and drive growth in the dynamic semiconductor industry.
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On January 5 2024 the Silicon Motion Technology Corporation provided following guidance
Silicon Motion Technology Corporation (NasdaqGS: SIMO) has announced its preliminary fourth quarter financial results and provided details for its upcoming conference call. The company, a leading global provider of NAND flash controllers for solid-state storage devices, expects sequential revenue growth to exceed the upper end of its previous guidance range of 10% to 15%, which was initially issued on November 2, 2023. Additionally, the company anticipates that its gross margin (non-GAAP) will surpass the upper end of its original guidance range of 42.5% to 43.5%.
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