SIMO [Silicon Motion Technology] 6-K: Silicon Motion Announces Preliminary Third Quarter 2020 Revenue

Ticker: SIMO, Company: Silicon Motion Technology CORP, Type: 6-K, Date: 2020-10-08
Original SEC Filing: Click here


Webplus: SIMO/20201008/6-K/2_EX-99.1/000.htm SEC Original: d240969dex991.htm
Silicon Motion Announces Preliminary Third Quarter 2020 Revenue and Earnings Conference Call Details high-end (non-GAAP) mid-point TAIPEI, Taiwan and MILPITAS, Calif., October 7, 2020 – 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 third quarter financial results, revenue is



EX-99.1 2 d240969dex991.htm EX-99.1

Exhibit 99.1

LOGO

Silicon Motion Announces

Preliminary Third Quarter 2020

Revenue and Earnings Conference

Call Details

TAIPEI, Taiwan and MILPITAS, Calif., October 7, 2020 – 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 third quarter financial results, revenue is expected to be approximately 5% above thehigh-end of the original guidance range of $114 million to $120 million which the company issued on July 30, 2020. Gross margin(non-GAAP) is expected to be near themid-point of the company’s original guidance range of 48.0% to 50.0%.

The Company will release its third quarter 2020 financial results after the market closes on November 2, 2020 and will host a conference call on November 3 at 8:00 a.m. Eastern Time. Participants mustpre-register using the link below in order to participate in the live call.

(Speakers)

Wallace Kou, President & CEO

Riyadh Lai, CFO

CONFERENCE CALL DETAILS:

Participants must register in advance to join the conference using the link provided below and should dial in 10 minutes prior to the call start time. Conference access information (includingdial-in numbers, the passcode, and a unique access pin) will be provided in the email received upon registration.

Participant Online Registration:

http://apac.directeventreg.com/registration/event/4868134

REPLAY NUMBERS (for 7 days):

USA (Toll Free): 1 855 452 5696
USA (Toll): 1 646 254 3697
Participant Passcode: 4868134

This call will be webcasted on the Company’s website atwww.siliconmotion.com.


ABOUT SILICON MOTION:

We are the global leader in supplying NAND flash controllers for solid state storage devices and the merchant leader in supplying SSD controllers. We have the broadest portfolio of controller technologies and our controllers are widely used in storage products such as SSDs and eMMC+UFS devices, which are found in data centers, PCs, smartphones, and commercial and industrial applications. We have shipped over six billion NAND controllers in the last ten years, more than any other company in the world. We also supply customized high-performance hyperscale data center and industrial 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 atwww.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 are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from these customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the effects on our business and our customer’s business taking into account the ongoingUS-China tariffs and trade disputes together with any uncertainties associated with the ongoing global outbreak ofCOVID-19; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; the payment, ornon-payment, of cash dividends in the future at the discretion of our board of directors and any announced planned increases in such dividends; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in our customers’ products; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the


documents we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form20-F filed on June 12, 2020. We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.

Investor Contacts:

Christopher Chaney Selina Hsieh
Director, Investor Relations & Strategy Investor Relations
E-mail: ir@siliconmotion.com E-mail: ir@siliconmotion.com


Webplus: SIMO/20201008/6-K/1/000.htm SEC Original: d240969d6k.htm
Press Release issued by the Company on October 7, 2020. 2 ILICON OTION ECHNOLOGY ORPORATION S



6-K 1 d240969d6k.htm FORM 6-K


Exhibits

Exhibit 99.1

Press Release issued by the Company on October 7, 2020.

2


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SILICON MOTION TECHNOLOGY CORPORATION

Date: October 7, 2020

By:

/s/ Riyadh Lai

Name:

Riyadh Lai

Title:

Chief Financial Officer

3

Company Info:

Ticker: SIMO, Company: Silicon Motion Technology CORP, Type: 6-K, Date: 2020-10-08CIK: 0001329394, Location: K3, SIC: 3674, SIC Desc: SEMICONDUCTORS & RELATED DEVICES
Business Phone & Address:
UNIT B,16/F, CENTRE 600,82 KING LAM ST,, CHEUNG SHA WAN
KOWLOON, K3 000

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