Silicon Motion Technology (SIMO) Reports Prelim Q4

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

January 5, 2024 8:00 AM EST

TAIPEI, Taiwan and MILPITAS, Calif., Jan. 05, 2024 (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 fourth quarter financial results, sequential revenue growth is expected to slightly exceed the high-end of its original guidance range of 10% to 15%, which the company issued on November 2, 2023. Gross margin (non-GAAP) is also expected to exceed the high-end the company's original 42.5% to 43.5% guidance range.

The Company will release its fourth quarter 2023 financial... More