Silicon Motion Announces Results for the Period Ended September 30, 2024
SIMOSilicon Motion(SIMO) GlobeNewswire News Room·2024-10-31 06:00

Business Highlights Third quarter of 2024 sales increased 1% Q/Q and increased 23% Y/Y SSD controller sales: 3Q of 2024 were flat Q/Q and increased 20% to 25% Y/YeMMC+UFS controller sales: 3Q of 2024 increased 0% to 5% Q/Q and increased 40% to 45% Y/YSSD solutions sales: 3Q of 2024 increased 5% to 10% Q/Q and increased 5% to 10% Y/Y Financial Highlights  3Q 2024 GAAP3Q 2024 Non-GAAP• Net sales$212.4 million (+1% Q/Q, +23% Y/Y)$212.4 million (+1% Q/Q, +23% Y/Y)• Gross margin46.7%46.8%• Operating margin11.5% ...