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Stock impact report

Silicon Motion Announces Results for the Period Ended March 31, 2020

Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares (SIMO) 
Last silicon motion technology corporation - american depositary shares, each representing four ordinary shares earnings: 4/28 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.siliconmotion.com
Company Research Source: GlobeNewswire
Financial Highlights  1Q 2020 GAAP1Q 2020 Non-GAAP•  Net sales$132.8 million (-13% Q/Q, +40% Y/Y)$132.8 million (-13% Q/Q, +49% Y/Y)•  Gross margin48.1%48.2%•  Operating margin18.2%20.1%•  Earnings per diluted ADS$0.74$0.80 Business Highlights SSD controller sales declined about 15% Q/Q and increased about 40% Y/YeMMC+UFS controller sales declined about 20% Q/Q and increased over 100% Y/YSSD solutions sales increased about 15% Q/Q and increased about 70% Y/Y TAIPEI, Taiwan and MILPITAS, Calif., April 29, 2020 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”) today announced its financial results for the quarter ended March 31, 2020.  For the first quarter, net sales (GAAP) declined sequentially to $132.8 million from $153.2 million in fourth quarter 2019. Net income (GAAP) increased to $25.9 million or $0.74 per diluted ADS (GAAP) from net income (GAAP) of $25.4 million or $0.73 per diluted ADS (GAAP) i Show less Read more
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