Silicon Motion Inc. (SIMO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 98.86

+7.0%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Elroy	10/3/2024 9:39:28 AM
	of 2969

SIMO will probably pre-announce Q3 revenues and gross margins Monday or Tuesday next week. I got no special view on how business has been going. All the commentary has been that data center and AI SSDs are booming, and everything else stinks. Despite this, the top of SIMO's Q4 guided range shows growth over reported Q2 results. Normally SIMO beats the high end of their own guidance, so I supposed sales are looking to be about $210m and gross margins who knows? The interesting thing is SIMO's full year 2024 gross margin guidance implies a very large ramp (up about 2% sequentially) in gross margins in Q4 relative to Q3. Maybe it's Mon Titan sales in Q4? Maybe all the low priced controllers they pre-sold in the 2023 slump have finally exited the revenue stream? Whatever it is, if gross margins are going to go up to 48% and stay there (or move higher) that would be super.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next