Silicon Motion Announces Results for the Period Ended March 31, 2024
SIMOSilicon Motion(SIMO) Newsfilter·2024-05-03 06:00

Business Highlights First quarter of 2024 sales decreased 6% Q/Q and increased 53% Y/Y SSD controller sales: 1Q of 2024 increased 0% to 5% Q/Q and increased 35% to 40% Y/Y eMMC+UFS controller sales: 1Q of 2024 decreased 10% to 15% Q/Q and increased 235% to 240% Y/Y SSD solutions sales: 1Q of 2024 decreased 5% to 10% Q/Q and decreased 30% to 35% Y/Y Financial Highlights 1Q 2024 GAAP 1Q 2024 Non-GAAP • Net sales 189.3million(6189.3 million (-6% Q/Q, +53% Y/Y) 189.3 million (-6% Q/Q, +53% Y/Y) • Gross margin 45.0% 45.0% • ...