Silicon Motion Technology Corporation (NasdaqGS: SIMO), a leading provider of NAND flash controllers for solid-state storage, announced preliminary fourth-quarter 2024 financial results. Revenue is projected to fall at the lower end of the previously issued guidance range ($191 million to $202 million, announced October 31, 2024). Non-GAAP gross margin is anticipated to be near the midpoint of the previously guided range of 46.5% to 47.5%.
The company will release its full fourth-quarter 2024 financial results after market close on February 5, 2025, followed by a conference call on February 6, 2025, at 8:00 a.m. Eastern Time. Preregistration is required for the call.
CONFERENCE CALL DETAILS:
To join the conference call, pre-registration is mandatory via the link below. Dial-in information and a unique access PIN will be sent via email upon successful registration.
Participant Online Registration:
A webcast of the call will be available on the company’s website at .
ABOUT SILICON MOTION:
Silicon Motion is a global leader in supplying NAND flash controllers for solid-state storage devices. We are the world’s top supplier of SSD controllers for servers, PCs, and other client devices, and the leading merchant provider of eMMC and UFS embedded storage controllers for smartphones, IoT devices, and other applications. We also provide customized high-performance solutions for hyperscale data centers and specialized industrial and automotive SSD applications. Our customer base includes major NAND flash vendors, storage device module manufacturers, and leading OEMs. For more information about Silicon Motion, please visit .
FORWARD-LOOKING STATEMENTS:
This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, often using terms like “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or their negatives, are based on current information but involve inherent risks and uncertainties. Actual results could differ materially. These risks include, but are not limited to: unpredictable customer order volumes and timing; loss of key customers or order reductions; general economic conditions; inflation’s impact; IT system vulnerabilities; U.S.-China trade relations; global pandemics; Taiwan-China tensions; pricing changes; supply chain disruptions; dividend payments; raw material availability and pricing; customer sales outlooks; potential impairment charges; new product development and launch timing; and competitor actions. For a complete discussion of these risks, please refer to our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed on April 30, 2024. We are not obligated to update these forward-looking statements.
| Investor Contacts: | |
| Tom Sepenzis | Selina Hsieh |
| Senior Director of IR & Strategy | Investor Relations |
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