Silicon Motion Announces Preliminary Third Quarter 2024 Revenue and Earnings Conference Call Details
Silicon Motion Technology (NasdaqGS: SIMO) has announced preliminary third quarter 2024 financial results. The company expects sequential revenue growth to be above the midpoint of its original guidance range of $205 million to $216 million. Gross margin (non-GAAP) is anticipated to be in the upper half of the previously guided 46.0% to 47.0% range.
Silicon Motion will release its full Q3 2024 financial results on October 30, 2024, after market close. The company will host a conference call on October 31 at 8:00 a.m. Eastern Time. Participants must pre-register for the call, and the event will also be webcasted on the company's website.
Silicon Motion Technology (NasdaqGS: SIMO) ha annunciato i risultati finanziari preliminari del terzo trimestre del 2024. L'azienda prevede che la crescita dei ricavi sequenziali sia superiore al punto medio della sua guida originale compresa tra 205 milioni e 216 milioni di dollari. Il margine lordo (non-GAAP) è atteso nella metà alta del range precedentemente indicato, compreso tra il 46,0% e il 47,0%.
Silicon Motion pubblicherà i risultati finanziari completi del Q3 2024 il 30 ottobre 2024, dopo la chiusura del mercato. L'azienda ospiterà una conferenza telefonica il 31 ottobre alle 8:00, ora orientale. I partecipanti devono preregistrarsi per la chiamata e l'evento sarà anche trasmesso in streaming sul sito web dell'azienda.
Silicon Motion Technology (NasdaqGS: SIMO) ha anunciado los resultados financieros preliminares del tercer trimestre de 2024. La compañía espera que el crecimiento secuencial de ingresos esté por encima del punto medio de su rango de orientación original, que va de 205 millones a 216 millones de dólares. Se anticipa que el margen bruto (no-GAAP) estará en la mitad superior del rango previamente orientado del 46,0% al 47,0%.
Silicon Motion publicará sus resultados financieros completos del Q3 2024 el 30 de octubre de 2024, después del cierre del mercado. La compañía llevará a cabo una conferencia telefónica el 31 de octubre a las 8:00 a.m., hora del este. Los participantes deben registrarse previamente para la llamada y el evento también se transmitirá en vivo a través del sitio web de la compañía.
실리콘 모션 테크놀로지(NasdaqGS: SIMO)는 2024년 3분기 예비 재무 결과를 발표했습니다. 회사는 순차적인 매출 성장세가 원래 가이던스 범위인 2억 5백만 달러에서 2억 1천6백만 달러의 중간값을 초과할 것으로 예상하고 있습니다. 총 매출 이익률(비 GAAP)은 이전에 가이드된 46.0%에서 47.0% 범위의 상반부에 있을 것으로 예상됩니다.
실리콘 모션은 2024년 10월 30일 시장 마감 후에 3분기 재무 결과를 전체 발표할 예정입니다. 회사는 10월 31일 오전 8시(동부 시간)에 컨퍼런스 콜을 개최할 것입니다. 참가자는 사전 등록을 해야 하며, 이 이벤트는 회사 웹사이트에서도 생중계될 것입니다.
Silicon Motion Technology (NasdaqGS: SIMO) a annoncé des résultats financiers préliminaires pour le troisième trimestre 2024. La société s'attend à ce que la croissance séquentielle des revenus soit supérieure à la valeur médiane de sa fourchette de guidance initiale de 205 millions à 216 millions de dollars. Le taux de marge brute (non-GAAP) devrait se situer dans la moitié supérieure de la plage indiquée précédemment, qui est de 46,0 % à 47,0 %.
Silicon Motion publiera ses résultats financiers complets du T3 2024 le 30 octobre 2024, après la fermeture du marché. La société organisera une conférence téléphonique le 31 octobre à 8h00, heure de l'Est. Les participants doivent préenregistrer pour l'appel et l'événement sera également diffusé en direct sur le site web de l'entreprise.
Silicon Motion Technology (NasdaqGS: SIMO) hat vorläufige finanzielle Ergebnisse für das dritte Quartal 2024 angekündigt. Das Unternehmen erwartet, dass das sequenzielle Umsatzwachstum über dem Mittelwert seiner ursprünglichen Prognose von 205 Millionen bis 216 Millionen Dollar liegen wird. Die Bruttomarge (non-GAAP) wird in der oberen Hälfte der zuvor geschätzten Spanne von 46,0 % bis 47,0 % erwartet.
Silicon Motion wird die vollständigen finanziellen Ergebnisse für das Q3 2024 am 30. Oktober 2024 nach Börsenschluss veröffentlichen. Das Unternehmen wird am 31. Oktober um 8:00 Uhr Eastern Time eine Telefonkonferenz veranstalten. Teilnehmer müssen sich vorab für den Anruf registrieren, und die Veranstaltung wird auch auf der Unternehmenswebsite übertragen.
- Sequential revenue growth expected to exceed midpoint of guidance
- Non-GAAP gross margin anticipated in upper half of guidance range
- None.
Insights
Silicon Motion's preliminary Q3 2024 results show promising trends. Revenue growth is expected to exceed the midpoint of the previously guided range of
These preliminary figures are positive indicators for SIMO's financial health and market position in the NAND flash controller space. The outperformance relative to guidance may reflect:
- Increased demand for solid-state storage devices
- Potential market share gains
- Successful execution of the company's strategy
Investors should watch for the full earnings release on October 30 for detailed insights into segment performance, regional trends and forward guidance, which will provide a more comprehensive view of SIMO's trajectory in the competitive semiconductor market.
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 08, 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 third quarter financial results, sequential revenue growth is expected to be above the midpoint of its original guidance range of
The Company will release its third quarter 2024 financial results after the market closes on October 30, 2024, and will host a conference call on October 31 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/BI3e5d77077ee94ca9b9fd61325f52a0e9
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 |
FAQ
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