Silicon Motion (SIMO) has released an update.
Silicon Motion Technology Corporation has announced that its preliminary financial results for the second quarter of 2024 are expected to surpass the previously issued revenue guidance, with a projection slightly above the high-end of $199 to $208 million. Additionally, the company anticipates its gross margin to be near the upper range of their initial 45.0% to 46.0% estimates. The official second quarter financial results will be disclosed after the market closes on August 1, 2024, followed by a conference call the next morning.
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