Silicon Motion Announces Preliminary Fourth Quarter 2020 Revenue and Earnings Conference Call Details
January 07 2021 - 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 fourth quarter financial results, revenue is
expected to be approximately 3% above the high-end of the original
guidance range of $130 million to $139 million which the company
issued on November 3, 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 fourth quarter 2020 financial
results after the market closes on February 3, 2021 and will host a
conference call on February 4 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/4467365
REPLAY NUMBERS (for 7 days):
USA (Toll Free): |
1 855 452 5696 |
|
USA (Toll): |
1 646 254 3697 |
|
Participant Passcode: |
4467365 |
|
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 |
Silicon Motion Technology (NASDAQ:SIMO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Silicon Motion Technology (NASDAQ:SIMO)
Historical Stock Chart
From Jul 2023 to Jul 2024