Silicon Motion Announces Results for the Period Ended March 31, 2024
For the first quarter of 2024, revenu net (non conformes aux PCGR) diminué à $21.6 millions, ou $0.64 par ADS dilué (non conformes aux PCGR), du revenu net (non conformes aux PCGR) of $31.3 millions, ou $0.93 par ADS dilué (non conformes aux PCGR), in the fourth quarter of 2023. All financial numbers are in U.S. dollars unless otherwise noted.
First Quarter of 2024 Passez en revue
“Our business remained strong in the first quarter of 2024 as demand was stronger than expected and improving ASPs continued to drive better profitability,” said Wallace Kou, President and CEO of Silicon Motion. “Our client SSD revenue increased again for the fourth consecutive quarter as end-market demand stabilized and programs with our flash maker customers continue to scale. This was a strong start to 2024, and we are confident that we have the right products and the right customers to continue to grow our business and profitability throughout this year.”
Key Financial Results
Other Financial Information
During the first quarter of 2024, nous avons eu $10.7 millions de dépenses en capital, y compris $5.0 millions pour l'achat courant d'équipements de test, Logiciel, outils de conception et autres éléments, et $5.7 millions pour la construction de bâtiments à Hsinchu.
Perspectives commerciales
“Our new programs with our flash maker customers are expected to continue to scale throughout this year as the move to increase outsourcing continues to build the foundation for long-term growth of our business,” said Wallace Kou, President and CEO of Silicon Motion. “Our highly differentiated controller solutions enable PC and smartphone OEMs to utilize high performance, higher density and lower cost solid state storage to enable cutting edge applications such as AI-at-the-edge. Based on our strong start to the year and our increasing backlog, we are increasing our full-year outlook. We expect our business will continue to improve steadily throughout 2024 as we continue to scale new SSD and eMMC+UFS controller programs that will also improve our ASPs and profitability steadily throughout this year.”
For the second quarter of 2024, management expects:
For the second quarter of 2024, management expects:
Conference Call & Webdiffusion:
The Company’s management team will conduct a conference call at 8:00 am Eastern Time on May 3, 2024.