Silicon Motion Technology Corpo (NASDAQ:SIMO)

TAIPEI, Taiwan and MILPITAS, Calif., Jan. 07, 2020 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (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, revenue (non-GAAP) is expected to be within 10% above the high-end of the original guidance range of $133 million to $139 million which the company issued on October 30, 2019. Gross margin (non-GAAP) is expected to be within the lower half of the company's original guidance range of 48.5% to 50.5%.

The Company will release its fourth quarter 2019 financial results after the market closes on February 6, 2020 and will host a conference call on February 7 at 8:00 a.m. Eastern Time.

(Speakers)
Wallace Kou, President & CEO
Riyadh Lai, CFO