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 (SIMO) announced preliminary fourth quarter results, indicating revenue to exceed initial guidance by approximately 3%, reaching over $139 million. The non-GAAP gross margin is projected to be around the midpoint of 48-50%. The official financial results will be disclosed on February 3, 2021, followed by a conference call on February 4. As a leading supplier of NAND flash controllers, the company continues to assert its strong market position.
On November 17, 2020, Silicon Motion Technology Corporation (NASDAQ: SIMO) announced the launch of the SM8266, a 16-channel PCIe 4.0 NVMe turnkey SSD controller solution aimed at enterprise markets. This comprehensive platform allows customers to quickly develop enterprise SSDs for data centers, featuring a complete NVMe firmware stack and hardware reference design kit. The SM8266 supports up to 16TB of capacity and advanced features such as 6th generation NANDXtend technology, end-to-end data path protection, and AES 256-bit security. Production for customized designs is expected in 2021.
Silicon Motion Technology Corporation (SIMO) reported its Q3 2020 results, revealing net sales of $126.0 million, an 8% decline from Q2 but up 14% YoY. Gross margin remained stable at 49.1%. SSD controller sales surged by approximately 20% Q/Q and Y/Y, while eMMC+UFS controller sales plummeted by 50% Q/Q. The company repurchased $25 million of its ADSs. Looking ahead, Q4 revenue is anticipated between $130 million to $139 million. Management cites expected recovery in SSD controller sales and a rebound in eMMC+UFS controllers as positive signs for future performance.
Silicon Motion Technology Corporation (NasdaqGS: SIMO) announced the extension of its $200 million share repurchase program for an additional year, now expiring on November 21, 2021. As of Q3 2020, it has repurchased 2.4 million ADSs, representing approximately 7% of total shares outstanding, with $115.2 million remaining. CEO Wallace Kou emphasized this buyback as part of their strategy to return capital to shareholders, suggesting confidence in the company's valuation and future prospects.
Silicon Motion Technology Corporation (NasdaqGS: SIMO) has announced an annual cash dividend of $1.40 per ADS, equating to quarterly payments of $0.35 per ADS. The record and payment dates are set for November 12, 2020, February 16, May 6, and August 5, 2021, with payment dates following shortly after. CEO Wallace Kou expressed confidence in the company’s ability to generate free cash flow, stating the dividend distribution reflects solid business prospects.
Silicon Motion Technology Corporation (NasdaqGS: SIMO) announced a new range of PCIe 4.0 NVMe 1.4 controllers designed for performance, mainstream, and value SSD applications. The new controllers include the SM2264, SM2267, and SM2267XT, catering to different market segments. The SM2264 targets high-performance and automotive SSDs with speeds up to 7,400 MB/s, while SM2267 and SM2267XT, designed for mainstream and value SSDs, support speeds of 3,900 MB/s and are now in volume production. The technology optimizes for low power consumption and robust error correction, aligning with the growing demand for Gen4 SSDs.
Silicon Motion Technology Corporation (SIMO) announced that its preliminary third quarter revenue is expected to exceed the prior guidance of $114 million to $120 million by approximately 5%. Gross margin (non-GAAP) is projected to align close to the mid-point of the previously set range of 48.0% to 50.0%. The financial results will be officially released on November 2, 2020, followed by a conference call on November 3, 2020, where CEO Wallace Kou and CFO Riyadh Lai will discuss the figures.
Silicon Motion Technology Corporation (SIMO) reported Q2 2020 net sales of $136.8 million, reflecting a 3% increase QoQ and a 38% increase YoY. GAAP net income rose to $28.2 million ($0.80 per diluted ADS), up from $25.9 million in Q1. Non-GAAP net income was $28.6 million ($0.81 per diluted ADS). However, SSD controller sales saw a 5% decline QoQ while eMMC+UFS controller sales surged by 30% QoQ. Looking ahead, Q3 sales are expected to face challenges due to inventory adjustments, with projected revenues between $114 million and $120 million.
Silicon Motion Technology Corporation (NASDAQ: SIMO) announced its quarterly cash dividend, reaffirming an annual dividend of US$1.40 per ADS, translating to US$0.35 per ordinary share. The next quarterly payment of $0.35 per ADS is scheduled for August 20, 2020, for shareholders on record as of August 6, 2020. The board emphasizes that future dividend payments depend on ongoing assessments aligning with shareholders’ best interests and compliance with applicable laws.
