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Silicon Motion (SIMO)
NASDAQ:SIMO
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.74Last Year’s EPS
0.93Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -6.34%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
Despite near-term challenges such as weakness in the retail SSD aftermarket and muted holiday sales, Silicon Motion demonstrated strong revenue growth, significant product introductions, and strategic positioning in the QLC NAND market, indicating a positive long-term outlook.Company Guidance
During the Q3 2024 earnings call for Silicon Motion Technology Corporation, the company provided guidance for Q4 2024, indicating expected revenue between $191 million to $202 million, representing a 5% to 10% sequential decline. This forecast is attributed to weaker-than-seasonal demand in smartphones and PCs, as well as ongoing softness in the SSD aftermarket. Despite the near-term challenges, Silicon Motion remains optimistic about its long-term growth prospects, driven by new product launches such as the PCIe 5 8-channel SSD controller and MonTitan enterprise SSD controller. Gross margin for Q4 is anticipated to be in the range of 46.5% to 47.5%, with an operating margin between 15.6% to 16.6%. The company continues to focus on gaining market share and enhancing its product mix to drive future growth.Sequential Revenue Growth and Gross Margin Expansion
Silicon Motion reported its sixth consecutive quarter of gross margin expansion, with a revenue increase of 23% year-over-year to $212.4 million.
Strong NAND Maker Revenue Growth
NAND maker revenue grew more than 60% year-over-year, driven by share gains and new product introductions.
Introduction of New Products
The company launched its new PCIe Gen5 8-channel controllers and MonTitan enterprise-class solution.
Automotive Market Progress
Silicon Motion's automotive-grade controller received ASPICE Level 2 certifications, with automotive accounting for approximately 5% of revenue.
Strong Position in QLC NAND Market
Silicon Motion stands to benefit from the growth and adoption of QLC NAND, with projections of significant adoption across multiple markets by 2028.
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SIMO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SIMO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $55.48 | $53.30 | -3.93% |
| Aug 01, 2024 | $63.70 | $61.38 | -3.64% |
| May 02, 2024 | $71.63 | $72.18 | +0.77% |
| Feb 06, 2024 | $62.91 | $64.87 | +3.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Silicon Motion (SIMO) report earnings?
Silicon Motion (SIMO) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Silicon Motion (SIMO) earnings time?
Silicon Motion (SIMO) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SIMO EPS forecast?
SIMO EPS forecast for the fiscal quarter 2024 (Q4) is 0.74.
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