Silicon Motion Technology (SIMO) Boosts Q3 Expectations

Silicon Motion Technology Corporation (Nasdaq: SIMO announces that based upon its preliminary third quarter financial results, sequential revenue growth is expected to be 11% to 13%, significantly higher than its original guidance range of an increase of 0% to 5% that the company issued on July 22, 2016. Gross margin (non-GAAP) is expected to be in the 48% to 49% range, above the company's original guidance range of 46% to 48%.

The Company will release its full third quarter 2016 results after the market closes on October 27, 2016. The Company will host a conference call on October 28, at 8 am Eastern Time, to discuss its results.

(Speakers) Wallace Kou, President & CEORiyadh Lai, CFO Jason Tsai, Senior Director of Investor Relations & Strategy

This call will be webcasted on the Company’s website at www.siliconmotion.com. The webcast will also be distributed through the Thomson Reuters StreetEvents Network to both institutional and individual investors.

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