Jul. 31 at 2:19 PM
$SIMO beats estimates but faces a 15-20% year-over-year revenue drop in SSD controllers—what's next? 📉
Despite a solid beat on EPS and revenue, Silicon Motion saw a year-over-year revenue contraction due to weak demand trends. The company remains focused on long-term growth by expanding its product portfolio and market share across the consumer, enterprise, automotive, industrial, and commercial storage markets.
Discover the full story here 👉 https://www.zacks.com/stock/news/2644285/simo-q2-earnings-surpass-estimates-despite-lower-revenues?cid=sm-stocktwits-2-2644285-body-4989&ADID=SYND_STOCKTWITS_TWEET_2_2644285_BODY_4989