Silicon Motion Announces Preliminary First Quarter 2016 Revenue and Earnings Conference Call Details
April 07 2016 - 8:00AM
Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon
Motion” or the “Company”), a global leader in designing and
marketing NAND flash controllers for solid state storage devices
and specialty RF IC solutions for mobile devices, announces that
based upon its preliminary first quarter financial results,
sequential revenue growth is expected to be 14% to 15%,
significantly higher than its original guidance range of a decrease
of 2.5% to an increase of 2.5% that the company issued on January
29, 2016. Gross margin (non-GAAP) is expected to be in the upper
half of the company's original guidance range of 49% to 51%.
The Company will release its full first quarter 2016 results
after the market closes on April 27, 2016. The Company will host a
conference call on April 28, at 8 am Eastern Time, to discuss its
results.
(Speakers)Wallace Kou, President & CEORiyadh
Lai, CFOJason Tsai, Senior Director of Investor Relations &
Strategy
CONFERENCE CALL ACCESS
NUMBERS: |
USA (Toll Free): |
1 866 519 4004 |
USA (Toll): |
1 845 675 0437 |
Taiwan (Toll Free) |
0080 112 6920 |
Participant Passcode: |
8127 2517 |
|
|
REPLAY NUMBERS (for 7
days): |
USA (Toll Free): |
1 855 452 5696 |
USA (Toll): |
1 646 254 3697 |
Participant Passcode: |
8127 2517 |
|
|
This call will be webcasted on the Company’s
website at www.siliconmotion.com. The webcast will also be
distributed through the Thomson Reuters StreetEvents Network to
both institutional and individual investors.
ABOUT SILICON
MOTION:We are a fabless semiconductor
company that designs, develops and markets solutions for mobile
storage and mobile communications markets. For the mobile storage
market, our key products are controller ICs used in embedded
storage devices such as SSDs and eMMCs and in expandable storage
devices. For the mobile communications market, our key products
include mobile TV SoCs and other specialty RF ICs. Our
products are widely used in smartphones, tablets, and industrial,
enterprise and commercial applications. For further
information on Silicon Motion, visit www.siliconmotion.com.
FORWARD-LOOKING STATEMENTS:This
press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended. In some cases, you can identify forward-looking
statements by terminology such as "may," "will," "should,"
"expect," "intend," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "continue," or the negative of these terms
or other comparable terminology. 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 or our actual results of operations, financial
condition or business prospects 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 to the unpredictable volume and timing of customer
orders, which are not fixed by contract but vary on a purchase
order basis; the loss of one or more key customers or the
significant reduction, postponement, rescheduling or cancellation
of orders from these customers; general economic conditions or
conditions in the semiconductor or consumer electronics markets;
decreases in the overall average selling prices of our products;
the payment or non-payment of cash dividends in the future at the
discretion of our board of directors; changes in the relative sales
mix of our products; our ability to successfully integrate Shannon
Systems; changes in our cost of finished goods; the availability,
pricing, and timeliness of delivery of other components and raw
materials used in our customers' products; our customers' sales
outlook, purchasing patterns, and inventory adjustments based on
consumer demands and general economic conditions its customers and
consumers; our ability to successfully develop, introduce, and sell
new or enhanced products in a timely manner; and the timing of new
product announcements or introductions by us or by our competitors.
For additional discussion of these risks and uncertainties and
other factors, please see the documents we file from time to time
with the Securities and Exchange Commission, including our Annual
Report on Form 20-F filed on April 30, 2015. We assume no
obligation to update any forward-looking statements, which apply
only as of the date of this press release.
Investor Contacts:
Jason Tsai
Senior Director of IR and Strategy
Tel: +1 408 519 7259
Fax: +1 408 519 7101
E-mail: ir@siliconmotion.com
Selina Hsieh
Investor Relations
Tel: +886 3 552 6888 x2311
Fax: +886 3 560 0336
E-mail: ir@siliconmotion.com
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