Silicon Motion: Preliminary Fiscal 3Q21 Financial Results

Silicon Motion Technology Corporation announces that, based on its preliminary third quarter financial results, sequential revenue growth is expected to slightly exceed the high-end of its original guidance of 7.5% to 12.5%, which the firm issued on July 30, 2021.

Gross margin (non-GAAP) is expected to slightly exceed 50.0% and is within the high-end of the company’s original 48.5% to 50.5% guidance range.

The company will release its third quarter 2021 financial results after the market closes on October 27, 2021.