Silicon Motion (SIMO) has released an update.
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Silicon Motion Technology Corporation has announced that its preliminary financial results for the second quarter of 2024 are expected to surpass the previously issued revenue guidance, with a projection slightly above the high-end of $199 to $208 million. Additionally, the company anticipates its gross margin to be near the upper range of their initial 45.0% to 46.0% estimates. The official second quarter financial results will be disclosed after the market closes on August 1, 2024, followed by a conference call the next morning.
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