Silicon Motion Announces Preliminary Fourth Quarter 2018 Revenue and Earnings Conference Call Details
January 08 2019 - 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 on its preliminary fourth quarter financial
results, revenue is expected to be within the lower half of the
original guidance range of $120.5 million to $127.5 million that
the company issued on October 31, 2018. Gross margin (non-GAAP) is
expected to be at the lower half of the company's original guidance
range of 50.0% to 52.0%.
The Company will release its fourth quarter 2018 financial
results after the market closes on January 29, 2019 and will host a
conference call on January 30, at 8 am Eastern Time.
(Speakers) Wallace Kou, President & CEORiyadh
Lai, CFO Jason 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): |
080 909 1568 |
Participant
Passcode: |
4485756 |
|
|
REPLAY NUMBERS (for 7 days): |
USA (Toll Free): |
1 855 452 5696 |
USA (Toll): |
1 646 254 3697 |
Participant
Passcode: |
4485756 |
This call will be webcasted on the Company’s website at
www.siliconmotion.com.
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 our
controllers are widely used in embedded storage products such as
SSDs and eMMC+UFS, which are found in smartphones, PCs, commercial
and industrial application. We ship over 750 million NAND
controllers annually and have shipped over five billion NAND
controllers in the last ten years, more than any other company in
the world. We also supply specialized high-performance
hyperscale data center 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;
changes in the relative sales mix of our products; changes in our
cost of finished goods; the payment, or non-payment, of cash
dividends in the future at the discretion of our board of directors
and any announced planned increases in such dividends; the effect,
if any, on the price of our ADS as a result of the implementation
of the announced share repurchase program; 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; any potential impairment charges
related to businesses previously acquired or divested in the
future; 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, 2018. 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 |
Selina Hsieh |
Senior Director of IR
and Strategy |
Investor Relations |
E-mail:
ir@siliconmotion.com |
E-mail:
ir@siliconmotion.com |
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