Silicon Motion Technology Corporation (SIMO)
- Zacks
Silicon Motion's (SIMO) Q1 Earnings & Revenues Top Estimates
Silicon Motion (SIMO) delivers impressive Q1 2024 performance backed by solid demand for its SSD controller and eMMC and UFS controller.
- GlobeNewswire
Silicon Motion Announces Results for the Period Ended March 31, 2024
Business Highlights First quarter of 2024 sales decreased 6% Q/Q and increased 53% Y/Y SSD controller sales: 1Q of 2024 increased 0% to 5% Q/Q and increased 35% to 40% Y/YeMMC+UFS controller sales: 1Q of 2024 decreased 10% to 15% Q/Q and increased 235% to 240% Y/YSSD solutions sales: 1Q of 2024 decreased 5% to 10% Q/Q and decreased 30% to 35% Y/Y Financial Highlights 1Q 2024 GAAP1Q 2024 Non-GAAP • Net sales$189.3 million (-6% Q/Q, +53% Y/Y)$189.3 million (-6% Q/Q, +53% Y/Y) • Gross margin45.0%45
- Zacks
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