Silicon Motion Announces Preliminary Fourth Quarter 2024 Revenue and Earnings Conference Call Details
Silicon Motion Technology (NasdaqGS: SIMO), a global leader in NAND flash controllers for solid state storage devices, announced its preliminary fourth quarter 2024 financial results. The company expects revenue to be at the low end of its original guidance range of $191 million to $202 million, issued on October 31, 2024. The gross margin (non-GAAP) is anticipated to be near the mid-point of the original 46.5% to 47.5% guidance range.
Silicon Motion will release its full 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 provided link to join the live call. The call will also be webcasted on the company’s website.
Silicon Motion Technology (NasdaqGS: SIMO), leader globale nei controller NAND flash per dispositivi di archiviazione a stato solido, ha annunciato i suoi risultati finanziari preliminari del quarto trimestre 2024. L'azienda prevede che i ricavi saranno al limite inferiore della sua guida originale compresa tra $191 milioni e $202 milioni, fornita il 31 ottobre 2024. Si prevede che il margine lordo (non-GAAP) sarà vicino al punto medio del range di guida originale del 46,5% al 47,5%.
Silicon Motion pubblicherà i suoi risultati finanziari completi del quarto trimestre 2024 dopo la chiusura del mercato il 5 febbraio 2025 e ospiterà una conferenza telefonica il 6 febbraio alle 8:00 ora orientale.
I partecipanti devono pre-registrarsi utilizzando il link fornito per partecipare alla chiamata dal vivo. La chiamata sarà anche trasmessa in streaming sul sito web dell'azienda.
Silicon Motion Technology (NasdaqGS: SIMO), un líder global en controladores NAND flash para dispositivos de almacenamiento de estado sólido, anunció sus resultados financieros preliminares del cuarto trimestre de 2024. La empresa espera que los ingresos se encuentren en el límite inferior de su rango de guía original de $191 millones a $202 millones, emitido el 31 de octubre de 2024. Se anticipa que el margen bruto (no-GAAP) estará cerca del punto medio del rango de guía original del 46,5% al 47,5%.
Silicon Motion publicará sus resultados financieros completos del cuarto trimestre de 2024 después del cierre del mercado el 5 de febrero de 2025 y llevará a cabo una conferencia telefónica el 6 de febrero a las 8:00 a.m. Hora del Este.
Los participantes deben pre-registrarse utilizando el enlace proporcionado para unirse a la llamada en vivo. La llamada también se transmitirá por streaming en el sitio web de la empresa.
실리콘 모션 테크놀로지 (NasdaqGS: SIMO)는 솔리드 스테이트 스토리지 장치용 NAND 플래시 컨트롤러의 글로벌 리더로서 2024년 4분기 재무 결과 예비 발표를 했습니다. 회사는 2024년 10월 31일에 발표된 원래 가이드 범위인 1억 9,100만 달러에서 2억 2백만 달러의 낮은 끝에 수익이 있을 것으로 예상하고 있습니다. 총 마진 (비-GAAP)은 원래 안내 범위인 46.5%에서 47.5%의 중간값 근처에 있을 것으로 예상됩니다.
실리콘 모션은 2025년 2월 5일 시장 마감 후 2024년 4분기 전체 재무 결과를 발표하고, 2월 6일 오전 8시에 동부 시간으로 전화 회의를 개최할 예정입니다.
참가자는 제공된 링크를 사용하여 사전 등록해야 라이브 통화에 참여할 수 있습니다. 통화는 회사 웹사이트에도 생중계됩니다.
Silicon Motion Technology (NasdaqGS: SIMO), un leader mondial dans les contrôleurs NAND flash pour dispositifs de stockage à état solide, a annoncé ses résultats financiers préliminaires du quatrième trimestre 2024. L'entreprise s'attend à ce que ses revenus se situent à la limite inférieure de sa fourchette de prévisions initiale de 191 millions à 202 millions de dollars, publiée le 31 octobre 2024. La marge brute (non-GAAP) devrait se situer près du point médian de la fourchette de prévisions initiale de 46,5 % à 47,5 %.
Silicon Motion publiera ses résultats financiers complets du quatrième trimestre 2024 après la clôture du marché le 5 février 2025 et organisera une conférence téléphonique le 6 février à 8h00, heure de l'Est.
Les participants doivent s'inscrire à l'avance via le lien fourni pour rejoindre l'appel en direct. L'appel sera également diffusé sur le site Web de l'entreprise.
Silicon Motion Technology (NasdaqGS: SIMO), ein globaler Marktführer in NAND-Flash-Controllern für Solid-State-Speichergeräte, hat seine vorläufigen finanziellen Ergebnisse für das vierte Quartal 2024 angekündigt. Das Unternehmen erwartet, dass die Einnahmen am unteren Ende der ursprünglichen Leitlinien von 191 Millionen bis 202 Millionen US-Dollar liegen, die am 31. Oktober 2024 veröffentlicht wurden. Der Bruttomargen (non-GAAP) wird voraussichtlich in der Nähe des Mittelpunkts der ursprünglichen Richtlinien von 46,5% bis 47,5% liegen.
Silicon Motion wird seine vollständigen finanziellen Ergebnisse für das vierte Quartal 2024 nach Marktschluss am 5. Februar 2025 veröffentlichen und am 6. Februar um 8:00 Uhr Eastern Time eine Telefonkonferenz abhalten.
Die Teilnehmer müssen sich mit dem bereitgestellten Link vorab registrieren, um an dem Live-Anruf teilzunehmen. Der Anruf wird auch auf der Unternehmenswebsite übertragen.
- Gross margin expected to be near the mid-point of the 46.5% to 47.5% guidance range.
- Revenue expected to be at the low end of the $191 million to $202 million guidance range.
Insights
The lower revenue projection could indicate either pricing pressure or volume constraints in the SSD controller market. However, the stable gross margin implies the company has successfully protected its pricing power and maintained operational efficiency. This combination typically suggests a demand-side challenge rather than competitive pricing issues.
For context, the NAND flash industry has been experiencing cyclical fluctuations and this guidance might reflect temporary market conditions rather than company-specific challenges. The sustained healthy gross margins support this interpretation, as deteriorating competitive positions typically manifest first in margin compression.
The positioning at the lower end of guidance could be attributed to several market factors:
- Ongoing inventory adjustments in the PC and smartphone supply chains
- Conservative purchasing patterns from major OEM customers
- Potential impact of regional market variations in SSD adoption rates
The maintenance of gross margin targets is particularly noteworthy as it indicates Silicon Motion's strong market position in high-value controller segments. This suggests the company's product mix remains favorable despite volume pressures, likely due to its leadership in PCIe Gen4 and emerging Gen5 controller technologies.
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
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.
CONFERENCE CALL DETAILS:
Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique access PIN) will be provided in the email received upon registration.
Participant Online Registration:
https://register.vevent.com/register/BI742c56c62eb0464e9ba0c61a39fa4c91
This call will be webcasted on the Company’s website at www.siliconmotion.com.
ABOUT SILICON MOTION:
We are the global leader in supplying NAND flash controllers for solid state storage devices. We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications. We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at www.siliconmotion.com.
FORWARD-LOOKING STATEMENTS:
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from one or more customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the impact of inflation on our business and customer’s businesses and any effect this has on economic activity in the markets in which we operate; the functionalities and performance of our information technology (“IT”) systems, which are subject to cybersecurity threats and which support our critical operational activities, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; the effects on our business and our customer’s business taking into account the ongoing U.S.-China tariffs and trade disputes; the uncertainties associated with any future global or regional pandemic; the continuing tensions between Taiwan and China including enhanced military activities; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; supply chain disruptions that have affected us and our industry as well as other industries on a global basis; the payment, or non-payment, of cash dividends in the future at the discretion of our board of directors and any announced planned increases in such dividends; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in the products we sell given the current raw material supply shortages being experienced in our industry; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 30, 2024. Other than as required under the securities laws, we do not intend, and do not undertake any obligation to, update or revise any forward-looking statements, which apply only as of the date of this press release.
| Investor Contacts: | |
| Tom Sepenzis | Selina Hsieh |
| Senior Director of IR & Strategy | Investor Relations |
| tsepenzis@siliconmotion.com | ir@siliconmotion.com |
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