DonCorleone77
Oct 29, 2:35 AM
$SIMO Silicon Motion reports Q3 non-GAAP EPS
$4.35, consensus
$3.33
Reports Q3 revenue
$560.2M, consensus
$529.1M. "Silicon Motion is rapidly evolving from a consumer-focused NAND flash controller supplier into a diversified leader in controllers and storage solutions, serving markets from AI infrastructure to the edge," said Wallace Kou, CEO.
"In Q3, revenue, gross margin and operating margin all grew meaningfully. This was driven by our Ferri product family for automotive and edge AI and enterprise boot drive solutions, and by our SSD controller businesses, including edge and enterprise SSD controllers, with our new MonTitan enterprise and AI controllers beginning to scale. Building on the strong results we have delivered this year, we expect continued momentum in the fourth quarter as we broaden our product portfolio and expand into new markets, providing a foundation for sustainable, long-term growth in revenue and profitability."
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