Silicon Motion Technology (SIMO) Announces Preliminary Third Quarter 2021 Revenue and Earnings

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 slightly exceed the high-end of its original guidance of 7.5% to 12.5%, which the company issued on July 30, 2021. Gross margin (non-GAAP) is expected to slightly exceed 50.0% and is within the high-end of the company's original 48.5% to 50.5% guidance range.

The Company will release its third quarter 2021 financial results after the market closes on October 27, 2021 and will host a conference call on October 28 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below in order to participate in the live call.

(Speakers) Wallace Kou, President & CEORiyadh Lai, CFO

CONFERENCE CALL DETAILS: Participants must register in advance to join the conference using the link provided below and should dial in 10 minutes prior to the call start time. Conference access information (including dial-in numbers, the passcode, and a unique access pin) will be provided in the email received upon registration.

Participant Online Registration: http://apac.directeventreg.com/registration/event/7896715

This call will be webcasted on the Company’s website at www.siliconmotion.com.

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