Silicon Motion Technology (SIMO) Sees Q2 Revenue at Upper-End of Previous Outlook

Silicon Motion Technology (NASDAQ: SIMO) announces that based upon its preliminary second quarter financial results, revenue is expected to increase 7% to 9% sequentially, at the upper half of its original guidance range of a sequential increase of 5% to 10% that the company issued on April 28, 2015. Gross margin (non-GAAP) is expected to be near the mid-point of the company's original guidance range of 50 to 52%.

The Company will release its full second quarter 2015 results after the market closes on July 27, 2015. The Company will host a conference call on July 28, at 8 am Eastern Time, to discuss its results.

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