Silicon Motion Technology (SIMO) Issues Q4 Guidance

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Go back to Silicon Motion Technology (SIMO) Issues Q4 Guidance

Silicon Motion Announces Preliminary Fourth Quarter 2024 Revenue and Earnings Conference Call Details

January 7, 2025 8:00 AM EST

TAIPEI, Taiwan and MILPITAS, Calif., Jan. 07, 2025 (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, revenue is expected to be at the low end of its original guidance range of $191 million to $202 million, which the Company issued on October 31, 2024. Gross margin (non-GAAP) is expected to be near the mid-point of the Company's original 46.5% to 47.5% guidance range.

The Company will release its fourth quarter 2024... More