Exhibit 99.1
Silicon Motion Announces Preliminary Second
Quarter 2024 Revenue and Earnings Conference
Call Details
TAIPEI, Taiwan and MILPITAS,
Calif., July 8, 2024 Silicon Motion Technology Corporation (NasdaqGS: SIMO) (Silicon Motion or the Company), a global leader in NAND flash controllers for solid state storage devices, announces that based on its
preliminary second quarter financial results, sequential revenue growth is expected to be slightly above the high-end of its original guidance range of $199 million to $208 million, which the company
issued on May 3, 2024. Gross margin (non-GAAP) is expected to be near the high-end of the companys original 45.0% to 46.0% guidance range.
The Company will release its second quarter 2024 financial results after the market closes on August 1, 2024 and will host a conference call on
August 2 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below in order to participate in the live call.
CONFERENCE CALL DETAILS:
Participants must register in
advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique access PIN) will be provided in the email received upon
registration.
Participant Online Registration:
https://register.vevent.com/register/BI2fe7e6f51a2f41b7963f31ce9f2d38ce
This call will be webcasted on the Companys website at www.siliconmotion.com.
ABOUT SILICON MOTION:
We are the global leader in
supplying NAND flash controllers for solid state storage devices. We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded
storage controllers used in smartphones, IoT devices and other applications. We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Our customers include most of the NAND flash
vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at www.siliconmotion.com.
FORWARD-LOOKING STATEMENTS:
This press release contains
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking
statements by terminology such as may, will, should, expect, intend, plan, anticipate, believe, estimate, predict,
potential, continue, or the negative of these terms or other comparable terminology. Although such statements