Silicon Motion Announces Preliminary Third Quarter 2021 Revenue and Earnings Conference Call Details
October 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 third quarter financial results, sequential
revenue growth is expected to slightly exceed the high-end of its
original guidance of 7.5% to 12.5%, which the company issued on
July 30, 2021. Gross margin (non-GAAP) is expected to slightly
exceed 50.0% and is within the high-end of the company's original
48.5% to 50.5% guidance range.
The Company will release its third quarter 2021 financial
results after the market closes on October 27, 2021 and will host a
conference call on October 28 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/7896715
REPLAY NUMBERS (for 7 days): |
USA (Toll Free): |
1 855 452 5696 |
USA (Toll): |
1 646 254 3697 |
Participant Passcode: |
7896715 |
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 the
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 the products we sell given the current raw material supply
shortages being experienced in our industry; 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 May 12, 2021. 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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