Exhibit 99.1
Silicon Motion Announces Preliminary Third Quarter 2024 Revenue and Earnings Conference Call Details
TAIPEI, Taiwan and MILPITAS, Calif., October 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 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 companys original
46.0% to 47.0% guidance range.
The Company will release its third quarter 2024 financial results after the market closes on October 30, 2024, and
will host a conference call on October 31 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below 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/BI3e5d77077ee94ca9b9fd61325f52a0e9
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