Silicon Motion Expects Strong Q3 Financials

Silicon Motion (SIMO) has released an update.

Silicon Motion Technology Corporation anticipates financial growth as its preliminary third quarter results are expected to exceed the midpoint of its initial revenue projections of $205 million to $216 million. The company’s non-GAAP gross margin is also projected to be in the upper half of the forecasted 46.0% to 47.0% range. Official Q3 financial results will be announced after market close on October 30, 2024, with a conference call to follow the next morning.

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