TAIPEI, Taiwan and MILPITAS, Calif., July 08, 2024 — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a leading global provider of NAND flash controllers for solid-state storage devices, announced today that its preliminary second-quarter financial results indicate revenue growth exceeding the top end of its original guidance range of $199 million to $208 million, which was issued on May 3, 2024. Non-GAAP gross margin is expected to be close to the high end of the company’s original 45.0% to 46.0% guidance range.

The Company will announce its second quarter 2024 financial results after the market closes on August 1, 2024 and will host a conference call on August 2 at 8:00 a.m. Eastern Time. Those interested in participating in the live call must pre-register using the link provided below.

Advance registration is required to join the conference call using the provided link below. Conference access information, including dial-in details and a unique access PIN, will be sent via email upon registration.

Participant Online Registration:

A webcast of the call will be available on the Company’s website at .

Silicon Motion is a global leader in the supply of NAND flash controllers for solid-state storage devices. We are the world’s leading provider of SSD controllers 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 offer custom 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 more information about Silicon Motion, visit us at .


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. Forward-looking statements can be identified by the use of words such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. While such statements are based on information available to us and information from other sources that we believe to be reliable, undue reliance should not be placed 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 impact of inflation on our business and customer’s businesses and any effect this has on economic activity in the markets in which we operate; the effects on our business and our customer’s business taking into account the ongoing US-China tariffs and trade disputes the uncertainties associated with any future outbreaks of COVID-19, including, but not limited to, the emergence of variants to the original COVID-19 strain or other similar global or regional pandemic; the continuing 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; supply chain disruptions that have affected us and our industry as well as other industries on a global basis; 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 U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 30, 2024. Other than as required under the securities laws, we do not intend, and do not undertake any obligation to, update or revise any forward-looking statements, which apply only as of the date of this press release.

Investor Contacts:  
Tom Sepenzis Selina Hsieh
Senior Director of IR & Strategy Investor Relations