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Silicon Motion Technology Q2 2024 Earnings Report

Silicon Motion Technology logo
$58.80 -0.91 (-1.52%)
As of 02/21/2025 04:00 PM Eastern

Silicon Motion Technology EPS Results

Actual EPS
$0.96
Consensus EPS
$0.95
Beat/Miss
Beat by +$0.01
One Year Ago EPS
$0.33

Silicon Motion Technology Revenue Results

Actual Revenue
$210.67 million
Expected Revenue
$206.75 million
Beat/Miss
Beat by +$3.92 million
YoY Revenue Growth
+50.10%

Silicon Motion Technology Announcement Details

Quarter
Q2 2024
Time
After Market Closes

Conference Call Resources

Conference Call Audio

Silicon Motion Technology Earnings Headlines

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Wedbush Research Analysts Reduce Earnings Estimates for SIMO
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About Silicon Motion Technology

Silicon Motion Technology (NASDAQ:SIMO), together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications. It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the FerriSSD, Ferri-eMMC, and Ferri-UFS brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally. The company was founded in 1995 and is based in Hong Kong, Hong Kong.

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