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Silicon Motion ( (SIMO) ) has shared an announcement.
Silicon Motion announced its preliminary fourth-quarter 2024 financial results, indicating revenue expectations at the lower end of the previously provided guidance range of $191 million to $202 million. The company’s gross margin is anticipated to be near the mid-point of its original guidance. The official financial results will be released on February 5, 2025, followed by a conference call on February 6. This announcement highlights Silicon Motion’s financial performance amid ongoing industry challenges, providing stakeholders insights into the company’s operational resilience and market positioning.
More about Silicon Motion
Silicon Motion Technology Corporation is a global leader in supplying NAND flash controllers for solid state storage devices. The company provides SSD controllers for servers, PCs, and client devices and is a leading supplier of embedded storage controllers used in smartphones, IoT devices, and other applications. It also offers high-performance solutions for data centers, industrial, and automotive sectors. Its clientele includes major NAND flash vendors, storage device makers, and leading OEMs.
YTD Price Performance: 3.02%
Average Trading Volume: 273,739
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.88B
For an in-depth examination of SIMO stock, go to TipRanks’ Stock Analysis page.
