Silicon Motion Announces Preliminary First Quarter 2021 Revenue and Earnings Conference Call Details
April 08 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 first quarter financial results, revenue is
expected to grow approximately 25% sequentially, well in excess of
the original 7% to 12% guidance range which the company issued on
February 4, 2021. Gross margin (non-GAAP) is expected to be at the
high-end of the company's original 48.0% to 50.0% guidance range.
The Company will release its first quarter 2021 financial
results after the market closes on May 5, 2021 and will host a
conference call on May 6 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/4397728
REPLAY NUMBERS (for 7 days): |
USA (Toll Free):USA (Toll):
Participant Passcode:
|
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1 855 452 5696 1 646 254 36974397728 |
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. We supply more SSD controllers than any
other company in the world for servers, PCs and other client
devices and are the leading merchant supplier of eMMC and UFS
embedded storage controllers used in smartphones, IoT devices and
other applications. We also supply customized
high-performance hyperscale data center and specialized industrial
and automotive 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 one or
more 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
Director, Investor Relations & Strategy
E-mail: ir@siliconmotion.com |
|
Selina HsiehInvestor RelationsE-mail: ir@siliconmotion.com |
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