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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 79.52-0.4%Jul 16 3:59 PM EDT

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From: Elroy1/5/2024 8:04:26 AM
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Silicon Motion Announces Preliminary Fourth Quarter 2023 Revenue and Earnings Conference Call Details

TAIPEI, Taiwan and MILPITAS, Calif., Jan. 05, 2024 (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, sequential revenue growth is expected to slightly exceed the high-end of its original guidance range of 10% to 15%, which the company issued on November 2, 2023. Gross margin (non-GAAP) is also expected to exceed the high-end the company's original 42.5% to 43.5% guidance range.

The Company will release its fourth quarter 2023 financial results after the market closes on February 6, 2024 and will host a conference call on February 7 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below in order to participate in the live call.

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