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Silicon Motion Announces Preliminary Third Quarter 2024 Revenue

By: andy 2024-10-11 09:32 (UTC+0)

Silicon Motion announces that based on its preliminary third quarter financial results, sequential revenue growth is expected to be above the midpoint of its original guidance range of $205 million to $216 million, which the company issued on August 2, 2024. Gross margin (non-GAAP) is expected to be in the upper half of the company's original 46.0% to 47.0% guidance range.