Silicon Motion Provides Updated First Quarter 2020 Outlook
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
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US:NASDAQ Investor Relations:
ir.siliconmotion.com
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Source: GlobeNewswire
TAIPEI, Taiwan and MILPITAS, Calif., March 12, 2020 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”) today provided an update to its first quarter 2020 guidance due to potential impacts from the COVID-19 outbreak. For first quarter 2020, management now expects non-GAAP revenue towards the low-end and non-GAAP gross margin towards the upper-end of the original guidance ranges issued on February 7, 2020. Management originally expected non-GAAP revenue to be in the range of $130 million to $138 million and non-GAAP gross margin to be in the range of 44% to 46%. “Sales to OEMs continue largely uninterrupted, while channel markets have been more fluid and dynamic,” said Wallace Kou, President and CEO of Silicon Motion. “We did see some customers in China experience slower than expected restart of operations following the extended Lunar New Year Holiday, and it is critical we continue to actively monitor supply c
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News
- Silicon Motion Confirms Quarterly DividendGlobeNewswire
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- Law firm Winston & Strawn settles lawsuit over copycat court filing [Reuters]Reuters
- Silicon Motion Technology Co. (NASDAQ: SIMO) had its price target raised by analysts at B. Riley from $93.00 to $101.00. They now have a "buy" rating on the stock.MarketBeat
SIMO
Earnings
- 2/6/24 - Beat
SIMO
Sec Filings
- 4/29/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/9/24 - Form 6-K
- SIMO's page on the SEC website