Silicon Motion (SIMO) has released an update.
Silicon Motion Technology Corporation, a leader in NAND flash controllers, is set to exceed its first quarter revenue expectations for 2024, with figures slightly above the high-end of their $172 to $182 million forecast. The company’s non-GAAP gross margin is also anticipated to be near the top of their 44.0% to 45.0% guidance range. They will discuss these financial results in a conference call following the market closing on May 2, 2024, with registration available online.
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