Silicon Motion Announces Preliminary Fourth Quarter 2021 Revenue and Earnings Conference Call Details
January 07 2022 - 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, sequential
revenue growth is expected to be in the upper half of its original
guidance of 0% to 5%, which the company issued on October 28, 2021.
Gross margin (non-GAAP) is expected to be in the upper half of the
company's original 48.5% to 50.5% guidance range.
The Company will release its fourth quarter 2021 financial
results after the market closes on January 26, 2022 and will host a
conference call on January 27 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/7728589
REPLAY NUMBERS (for 7 days): |
USA (Toll
Free): |
1 855 452
5696 |
USA (Toll): |
1 646 254 3697 |
Participant Passcode: |
7728589 |
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; the recent increases in tensions between Taiwan and China
including enhanced military activities; 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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