Silicon Motion (SIMO) has released an update.
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Silicon Motion Technology Corporation anticipates financial growth as its preliminary third quarter results are expected to exceed the midpoint of its initial revenue projections of $205 million to $216 million. The company’s non-GAAP gross margin is also projected to be in the upper half of the forecasted 46.0% to 47.0% range. Official Q3 financial results will be announced after market close on October 30, 2024, with a conference call to follow the next morning.
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