Silicon Motion Raises Preliminary Q2 Revenue, Gross Margin Guidance

  • Silicon Motion Technology Corp SIMO estimates the Q2 revenue to grow 20% quarter-on-quarter as per preliminary results. The updated guidance surpasses the original 5-10% growth guidance issued on May 6.
  • The non-GAAP gross margin is likely to be at least half a percentage point above the high-end of the original 48% - 50% guidance range.
  • Silicon will release its Q2 2021 financial results after the market closes on July 29.
  • Price action: SIMO shares traded higher by 1.57% at $62.17 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!