Silicon Motion Technology To Report Q1 Revenue Above Guidance Range

Silicon Motion Technology To Report Q1 Revenue Above Guidance Range
TAIPEI (dpa-AFX) - Silicon Motion Technology Corporation (SIMO) said, based on preliminary first quarter results, revenue is estimated to grow approximately 25% sequentially, well in excess of the original 7% to 12% guidance range which the company previously issued. Non GAAP gross margin is projected to be at the high-end of the original 48.0% to 50.0% guidance range.
The company will release its first quarter results after the market closes on May 5, 2021.
Shares of Silicon Motion Technology Corp. were up 5% in pre-market trade on Thursday.
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