Silicon Motion Announces Preliminary Third Quarter 2020 Revenue and Earnings Conference Call Details
October 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 third quarter financial results, revenue is
expected to be approximately 5% above the high-end of the original
guidance range of $114 million to $120 million which the company
issued on July 30, 2020. Gross margin (non-GAAP) is expected to be
near the mid-point of the company's original guidance range of
48.0% to 50.0%.
The Company will release its third quarter 2020
financial results after the market closes on November 2, 2020 and
will host a conference call on November 3 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/4868134
REPLAY NUMBERS (for 7 days): |
USA (Toll
Free): |
1 855 452
5696 |
USA (Toll): |
1 646 254 3697 |
Participant Passcode: |
4868134 |
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 together
with any uncertainties associated with the ongoing 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 Chaney |
Selina Hsieh |
Director, Investor Relations & Strategy |
Investor Relations |
E-mail: ir@siliconmotion.com |
E-mail: ir@siliconmotion.com |
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