Silicon Motion: Preliminary 2Q15 Financial Results

Revenue expected to increase 7% to 9% sequentially.

This is a Press Release edited by StorageNewsletter.com on July 10, 2015 at 2:41 pm

Silicon Motion Technology Corporation, in designing and marketing NAND flash controllers for SSDs and specialty RF IC solutions for mobile devices, announces that based upon its preliminary second quarter financial results, revenue is expected to increase 7% to 9% sequentially, at the upper half of its original guidance range of a sequential increase of 5% to 10% that the company issued on April 28, 2015.

Gross margin (non-GAAP) is expected to be near the mid-point of the company’s original guidance range of 50 to 52%.

The company will release its full second quarter 2015 results after the market closes on July 27, 2015.