Silicon Motion Announces Preliminary Q2 2024 Revenue Above The High-end Of Its Original Guidance Range Of $199M-$208M Vs $203.88M Est

Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion" or the "Company"), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary second quarter financial results, sequential revenue growth is expected to be slightly above the high-end of its original guidance range of $199 million to $208 million, which the company issued on May 3, 2024. Gross margin (non-GAAP) is expected to be near the high-end of the company's original 45.0% to 46.0% guidance range.