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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: Elroy10/6/2023 8:31:38 AM
1 Recommendation

Recommended By
Sam

   of 2976
 
This puts Q3 at about $170m sales and 80 cents EPS.

SIMO may be back up to $200m per Q in sale by next quarter?

MXL blew it!


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.
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