Welcome to our dedicated page for Silicon Motion Technology news (Ticker: SIMO), a resource for investors and traders seeking the latest updates and insights on Silicon Motion Technology stock.
Silicon Motion Technology Corp (SIMO) delivers cutting-edge NAND flash controllers and storage solutions powering smartphones, data centers, and automotive systems worldwide. This dedicated news hub provides investors and industry professionals with centralized access to official announcements, strategic developments, and technological breakthroughs.
Track critical updates including quarterly earnings disclosures, product launch details, and partnership agreements. Our curated collection spans innovations in SSD controllers, embedded storage advancements, and enterprise storage solutions – all essential for understanding SIMO's role in enabling next-generation semiconductor applications.
Discover updates across key operational areas: mobile storage innovations for 5G devices, automotive-grade controller developments, and data center storage architectures. Each announcement is verified at source to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for real-time access to Silicon Motion's evolving market position. Monitor how their controller designs continue shaping storage efficiency in AI-driven devices, industrial IoT systems, and hyperscale computing environments.
Silicon Motion Technology Corporation (Nasdaq: SIMO) has launched the SM2320, a new single-chip controller designed for external portable SSDs. This controller, aimed at enhancing performance for game consoles and laptops, offers read/write speeds of up to 2,100/2,000 MB/s while using a USB 3.2 Gen 2 interface. The SM2320 can support up to 4TB of storage and includes advanced security features like AES 256-bit encryption. Customers, including Kingston Technology with its XS2000 SSD, are expected to benefit from reduced PCB size and lower manufacturing costs.
Silicon Motion Technology Corporation (SIMO) reported strong financial results for Q2 2021, achieving net sales of $221.1 million, a 21% sequential increase and a 62% year-over-year rise. Net income reached $49.5 million, or $1.42 per diluted ADS (GAAP), marking significant growth from the previous quarter. Both SSD and eMMC+UFS controller sales hit record highs, with SSD controller sales up 30% quarter-over-quarter. The company has also updated its revenue guidance for the full year, projecting between $890 million and $917 million. Gross margin stood at 50.3% and operating margin at 27.3%.
Silicon Motion Technology Corporation (SIMO) announced a quarterly cash dividend of $0.35 per ADS, with the next payment scheduled for August 19, 2021. This is part of an annual dividend of $1.40 per ADS, equating to $0.35 per ordinary share, to be paid in four installments. The company emphasizes that future dividend payments depend on the Board's assessment of shareholder interests and compliance with applicable laws.
Silicon Motion Technology Corporation (SIMO) announced preliminary financial results for Q2 2021, projecting a 20% revenue growth sequentially, surpassing earlier guidance of 5% to 10%. Gross margin (non-GAAP) is expected to exceed the previous forecast of 48.0% to 50.0% by at least half a percentage point. The official financial results release is scheduled for July 29, 2021, with a conference call on July 30, 2021.
Silicon Motion Technology Corporation (NasdaqGS: SIMO) reported record revenue of $182.4 million for Q1 2021, marking a 27% sequential and 37% year-over-year increase. Net income rose to $34.4 million or $0.98 per diluted ADS, a significant improvement from the previous quarter. Key sales drivers included SSD and eMMC+UFS controllers, both achieving record highs. However, SSD solutions sales saw a 40% to 45% decline year-over-year. The company expects revenue for Q2 2021 between $192 million to $201 million, reflecting a 5% to 10% increase quarter-over-quarter.
Silicon Motion Technology Corporation (NASDAQ: SIMO) has confirmed its quarterly cash dividend of $0.35 per ADS, equivalent to $0.0875 per ordinary share, as part of an annual dividend of $1.40 per ADS declared on October 26, 2020. The upcoming payment date is set for May 20, 2021, with a record date of May 6, 2021. This decision is subject to the Board's assessment of shareholder interests and compliance with applicable laws and agreements.
Silicon Motion Technology Corporation (NASDAQ: SIMO) announced preliminary results for Q1 2021, projecting a 25% sequential revenue growth, outperforming its prior guidance of 7% to 12%. The company expects gross margin (non-GAAP) to be at the high-end of its guidance range of 48.0% to 50.0%. The final financial results will be disclosed on May 5, 2021, followed by a conference call on May 6. This significant growth reflects strong demand for NAND flash controllers amid ongoing market dynamics.
Silicon Motion Technology Corporation (NasdaqGS: SIMO) has announced the launch of its SM2708 SD Express controller, which supports the new SD 8.0 specification and is backward compatible with SD 7.1. This controller is designed to enhance performance for applications requiring high data speeds, such as 8K video capture and automotive storage. Featuring PCIe Gen 3 x2 interface and NVMe 1.3, the SM2708 can achieve nearly triple the throughput. Key features include support for the latest 3D NAND, proprietary NANDXtend® ECC technology, and low power consumption under 1.5mW.
Silicon Motion Technology Corporation (SIMO) reported Q4 2020 net sales of $143.9 million, up 14% QoQ but down 6% YoY. GAAP net income fell to $1.4 million ($0.04 per diluted ADS), while non-GAAP net income rose to $29.9 million ($0.86 per diluted ADS). SSD controller sales rose 5%-10% QoQ, with eMMC+UFS controllers up 65%-70% QoQ. However, SSD solutions dropped 30%-35% QoQ. For Q1 2021, revenue is expected between $154 million and $161 million, reflecting robust demand amid supply constraints. The company also declared a $1.40 annual dividend, reinforcing its commitment to returning value to shareholders.
Silicon Motion Technology Corporation (NASDAQ: SIMO) has declared a quarterly cash dividend of $0.35 per ADS, equivalent to $0.0875 per ordinary share. This payment is part of an annual dividend of $1.40 per ADS, distributed in four installments. The next payment is scheduled for February 26, 2021, to shareholders on record as of February 16, 2021. The Board of Directors will continually assess future dividends based on shareholder interests and legal compliance.
