Silicon Motion Technology (SIMO) Announces Preliminary Third Quarter 2023 Revenue

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Silicon Motion Announces Preliminary Third Quarter 2023 Revenue and Earnings Conference Call Details

October 6, 2023 8:00 AM EDT

TAIPEI, Taiwan and MILPITAS, Calif., Oct. 06, 2023 (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 slightly above the high-end of its original guidance range of 15% to 20%, which the company issued on July 28, 2023. Gross margin (non-GAAP) is expected to be similar sequentially and in-line with the original guidance range.

The Company will release its third quarter 2023... More