Silicon Motion Announces Preliminary Second Quarter 2020 Revenue and Earnings Conference Call Details
July 07 2020 - 8:00AM
Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon
Motion” or the “Company”), a global leader in NAND flash
controllers for solid state storage devices, announces that based
on its preliminary second quarter financial results, revenue
(non-GAAP) is expected to be within the lower-half of the original
guidance range of $133 million to $143 million which the company
issued on April 29, 2020. Gross margin (non-GAAP) is expected to be
near the high-end of the company's original guidance range of 47.5%
to 49.5%.
The Company will release its second quarter 2020 financial
results after the market closes on July 29, 2020 and will host a
conference call on July 30 at 8:00 a.m. Eastern Time. Participants
must pre-register using the link below in order to participate in
the live call.
(Speakers) Wallace Kou, President & CEORiyadh
Lai, CFO
CONFERENCE CALL DETAILS: Participants must
register in advance to join the conference using the link provided
below and should dial in 10 minutes prior to the call start time.
Conference access information (including dial-in numbers, the
passcode, and a unique access pin) will be provided in the email
received upon registration.
Participant Online Registration:
http://apac.directeventreg.com/registration/event/7682831
REPLAY NUMBERS (for 7
days): |
USA (Toll
Free): |
1 855 452
5696 |
USA (Toll): |
1 646 254 3697 |
Participant Passcode: |
7682831 |
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 storage products such as SSDs and
eMMC+UFS devices, which are found in data centers, PCs,
smartphones, and commercial and industrial applications. We have
shipped over six billion NAND controllers in the last ten years,
more than any other company in the world. We also supply
customized 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;
the effects on our business and our customer’s business taking into
account the ongoing US-China tariffs and trade disputes and recent
global outbreak of COVID-19; 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; 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 that may be incurred
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 June 12, 2020. We assume no obligation
to update any forward-looking statements, which apply only as of
the date of this press release.
Investor Contacts: Christopher ChaneyDirector,
Investor Relations & StrategyE-mail: ir@siliconmotion.com
Selina HsiehInvestor RelationsE-mail: ir@siliconmotion.com
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