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Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 98.86

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From: Elroy

1/7/2025 8:08:47 AM

of 2969

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

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 financial results after the market closes on February 5, 2025 and will host a conference call on February 6 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below to participate in the live call.

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