Silicon Motion Inc. (SIMO) Message Board

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Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 88.96

+1.6%

Nov 28 9:30 AM EST

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From: Elroy	9/28/2023 8:29:23 AM
	of 2976

From MU's Aug Q call: We ... reached record levels in calendar Q2 for revenue share in data center and client SSDs. Customers continue to reduce their excess inventory for memory and storage in fiscal Q4. Most customer inventories for memory and storage in the PC and smartphone markets are now at normal levels, consistent with our prior forecast. Consequently, we see demand continuing to strengthen, which has led to an inflection in pricing. In PCs, we continue to forecast calendar 2023 PC unit volume to decline by a low double-digit percentage year-over-year and then grow by a low to mid-single-digit percentage in calendar 2024. According to third-party analysts, in calendar Q2, we reached record revenue share in client SSDs for PC OEMs as customers adopted our industry-leading solutions. Our 232-layer NVMe client SSD is now qualified at large OEMs and shipping in volume production. Our SSD QLC bit shipment mix reached a new record for the second consecutive quarter with growth in both, client and consumer markets. We continue to expand our footprint in the high-end consumer SSD space, with the launch of 3 new products that extends our reach into professional content creators and enthusiast PC gamers. In mobile, we expect calendar 2023 smartphone unit volume to be down by mid-single-digit percentage year-over-year and then grow by a mid-single-digit percentage in calendar 2024. While calendar 2023 DRAM demand has been in line with expectations, NAND growth expectations have increased due to stronger-than-expected demand in certain parts of the consumer market and the trend of greater elasticity in per unit content.

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