Silicon Motion Announces Preliminary Second Quarter 2024 Revenue and Earnings Conference Call Details
08 Juillet 2024 - 2:00PM
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 second quarter financial results, sequential
revenue growth is expected to be slightly above the high-end of its
original guidance range of $199 million to $208 million, which the
company issued on May 3, 2024. Gross margin (non-GAAP) is expected
to be near the high-end of the company's original 45.0% to 46.0%
guidance range.
The Company will release its second quarter 2024
financial results after the market closes on August 1, 2024 and
will host a conference call on August 2 at 8:00 a.m. Eastern Time.
Participants must pre-register using the link below in order to
participate in the live call.
CONFERENCE CALL
DETAILS:Participants must register in advance to join the
conference call using the link provided below. Conference access
information (including dial-in information and a unique access PIN)
will be provided in the email received upon registration.
Participant Online
Registration:https://register.vevent.com/register/BI2fe7e6f51a2f41b7963f31ce9f2d38ce
This call will be webcasted on the Company’s website at
www.siliconmotion.com.
ABOUT SILICON MOTION:We are the
global leader in supplying NAND flash controllers for solid state
storage devices. We supply more SSD controllers than any other
company in the world for servers, PCs and other client devices and
are the leading merchant supplier of eMMC and UFS embedded storage
controllers used in smartphones, IoT devices and other
applications. We also supply customized high-performance hyperscale
data center and specialized industrial and automotive SSD
solutions. Our customers include most of the NAND flash vendors,
storage device module makers and leading OEMs. For further
information on Silicon Motion, visit us at
www.siliconmotion.com.
FORWARD-LOOKING STATEMENTS:
This press release contains “forward-looking
statements” within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. In some cases, you can
identify forward-looking statements by terminology such as “may,”
“will,” “should,” “expect,” “intend,” “plan,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “continue,” or the
negative of these terms or other comparable terminology. Although
such statements are based on our own information and information
from other sources we believe to be reliable, you should not place
undue reliance on them. These statements involve risks and
uncertainties, and actual market trends or our actual results of
operations, financial condition or business prospects may differ
materially from those expressed or implied in these forward-looking
statements for a variety of reasons. Potential risks and
uncertainties include, but are not limited to the unpredictable
volume and timing of customer orders, which are not fixed by
contract but vary on a purchase order basis; the loss of one or
more key customers or the significant reduction, postponement,
rescheduling or cancellation of orders from one or more customers;
general economic conditions or conditions in the semiconductor or
consumer electronics markets; the impact of inflation on our
business and customer’s businesses and any effect this has on
economic activity in the markets in which we operate; the effects
on our business and our customer’s business taking into account the
ongoing US-China tariffs and trade disputes the
uncertainties associated with any future outbreaks
of COVID-19, including, but not limited to, the emergence
of variants to the original COVID-19 strain or other
similar global or regional pandemic; the continuing tensions
between Taiwan and China including enhanced military activities;
decreases in the overall average selling prices of our products;
changes in the relative sales mix of our products; changes in our
cost of finished goods; supply chain disruptions that have affected
us and our industry as well as other industries on a global basis;
the payment, or non-payment, of cash dividends in the
future at the discretion of our board of directors and any
announced planned increases in such dividends; changes in our cost
of finished goods; the availability, pricing, and timeliness of
delivery of other components and raw materials used in the products
we sell given the current raw material supply shortages being
experienced in our industry; our customers’ sales outlook,
purchasing patterns, and inventory adjustments based on consumer
demands and general economic conditions; any potential impairment
charges that may be incurred related to businesses previously
acquired or divested in the future; our ability to successfully
develop, introduce, and sell new or enhanced products in a timely
manner; and the timing of new product announcements or
introductions by us or by our competitors. For additional
discussion of these risks and uncertainties and other factors,
please see the documents we file from time to time with
the U.S. Securities and Exchange Commission, including our
Annual Report on Form 20-F filed with the U.S. Securities
and Exchange Commission on April 30, 2024. Other than as
required under the securities laws, we do not intend, and do not
undertake any obligation to, update or revise any forward-looking
statements, which apply only as of the date of this press
release.
Investor Contacts: |
|
Tom Sepenzis |
Selina Hsieh |
Senior Director of IR &
Strategy |
Investor Relations |
tsepenzis@siliconmotion.com |
ir@siliconmotion.com |
Silicon Motion Technology (NASDAQ:SIMO)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025
Silicon Motion Technology (NASDAQ:SIMO)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025