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Silicon Motion Technology Corporation (SIMO) Q2 2021 Earnings Call Transcript

Silicon Motion Technology Corporation (SIMO) Q2 2021 Earnings Call Transcript
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Silicon Motion Technology Corp (SIMO) Q1 2021 Earnings Call Transcript

Operator Good day, and thank you for standing by. Welcome to the Silicon Motion Technology Corporation s First Quarter of 2021 Earnings Conference Call. [Operator Instructions] This conference call contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 as amended. Such forward-looking statements include, without limitation, statements regarding trends in the semiconductor industry and our future results of operations, financial condition and business prospects. 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 our results 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

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Silicon Motion Technology Q1 Profit Beats Estimates

Silicon Motion Technology Q1 Profit Beats Estimates TAIPEI (dpa-AFX) - Silicon Motion Technology Corporation (SIMO) reported first quarter non-GAAP earnings per ADS of $1.11 compared to $0.80, prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.98, for the quarter. Analysts estimates typically exclude special items. GAAP net income was $34.4 million or $0.98 per ADS, for the quarter. First quarter revenue increased to $182.4 million from $132.8 million, prior year. Analysts expected revenue of $168.97 million, for the quarter. Wallace Kou, President and CEO of Silicon Motion, said: While we now expect to deliver much stronger full-year sales, our ability to fulfill customer demand remains capped by very tight foundry supply availability.

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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. Copyright RTT News/dpa-AFX © 2021 AFX News

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Silicon Motion Demonstrates Automotive Storage, Embedded Boot Load and USB Display SoC Solutions at Embedded World 2021 Digital – CIE

Silicon Motion Demonstrates Automotive Storage, Embedded Boot Load and USB Display SoC Solutions at Embedded World 2021 Digital – CIE
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