Silicon Motion Announces Preliminary Third Quarter 2016 Revenue and Earnings Conference Call Details
October 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,
announces that based upon its preliminary third quarter financial
results, sequential revenue growth is expected to be 11% to 13%,
significantly higher than its original guidance range of an
increase of 0% to 5% that the company issued on July 22, 2016.
Gross margin (non-GAAP) is expected to be in the 48% to 49% range,
above the company's original guidance range of 46% to 48%.
The Company will release its full third quarter 2016 results
after the market closes on October 27, 2016. The Company will host
a conference call on October 28, at 8 am Eastern Time, to discuss
its results.
(Speakers) Wallace Kou, President & CEORiyadh
Lai, CFO Jason Tsai, Senior Director of Investor Relations &
Strategy
CONFERENCE CALL ACCESS
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USA (Toll Free): |
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1 866 519 4004 |
USA (Toll): |
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1 845 675 0437 |
Taiwan (Toll Free) |
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0080 112 6920 |
Participant Passcode: |
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9414 5523 |
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REPLAY NUMBERS (for 7
days): |
USA (Toll Free): |
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1 855 452 5696 |
USA (Toll): |
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1 646 254 3697 |
Participant Passcode: |
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9414 5523 |
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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 the global leader in
supplying NAND flash controllers for solid state storage devices
and the merchant leader in supplying SSD controllers. We have
the broadest portfolio of controller technologies and solutions and
have shipped over five billion NAND controllers, more than any
other company in the world. Our controllers are widely used
in embedded storage products such as SSDs and eMMCs which are found
in smartphones, PCs and industrial and commercial
applications. We also supply specialized high-performance
enterprise and industrial SSD solutions. Our customers
include most of the NAND flash vendors, storage device module
makers and leading OEMs. For further information on Silicon
Motion, visit us at 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 29, 2016. 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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