Silicon Motion Says Based On Q3 Results, Co. Expects Sequential Growth Is Expected To Be Above Midpoint Of Original $205M-$216M Range, Gross Margin Expected To Be In Upper Half Of 46-47% Range
Portfolio Pulse from Benzinga Newsdesk
Silicon Motion has announced that based on its Q3 results, it expects sequential growth to exceed the midpoint of its original $205M-$216M range. Additionally, the company anticipates its gross margin to be in the upper half of the 46-47% range.
October 08, 2024 | 12:07 pm
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Silicon Motion expects its Q3 growth to exceed the midpoint of its original revenue range, with gross margins in the upper half of the expected range. This indicates strong performance and could positively impact the stock price.
The announcement of expected growth exceeding the midpoint of the revenue range and higher gross margins suggests strong financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100