Silicon Motion Announces Preliminary Second Quarter 2018 Revenue and Earnings Conference Call Details
July 06 2018 - 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 second quarter financial
results, revenue is expected to be near the midpoint of the
original guidance range of $134.3 million to $140.8 million that
the company issued on April 27, 2018. Gross margin (non-GAAP) is
also expected to be near the midpoint of the company's original
guidance range of 46.5% to 48.5%.
The Company will release its second quarter 2018 financial
results after the market closes on July 31, 2018 and will host a
conference call on August 1, at 8 am Eastern Time.
(Speakers) Wallace Kou, President & CEORiyadh
Lai, CFO Jason Tsai, Senior Director of Investor Relations &
Strategy
CONFERENCE CALL
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USA (Toll Free): |
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1 866 519 4004 |
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1 845 675 0437 |
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080 909 1568 |
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7585148 |
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REPLAY NUMBERS
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1 855 452
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1 646 254 3697 |
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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 our
controllers are widely used in embedded storage products such as
SSDs and eMMCs, which are found in smartphones, PCs, commercial and
industrial applications. 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;
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, 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
Senior Director of IR and Strategy E-mail:
ir@siliconmotion.com
Selina HsiehInvestor RelationsE-mail: ir@siliconmotion.com
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