Silicon Motion Announces Results for the Period Ended June 30, 2024
SIMOSilicon Motion(SIMO) Newsfilter·2024-08-02 06:00

Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales:  2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/YeMMC+UFS controller sales:  2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y/YSSD solutions sales:  2Q of 2024 increased 20% to 25% Q/Q and decreased 5% to 10% Y/Y Financial Highlights  2Q 2024 GAAP2Q 2024 Non-GAAP• Net sales$210.7 million (+11% Q/Q, +50% Y/Y)$210.7 million (+11% Q/Q, +50% Y/Y)• Gross margin45.9%46.0%•  ...