Silicon Motion pre-announces solid Q2 sales

• Silicon Motion (NASDAQ:SIMO) now expects to report Q2 revenue rose 7%-9% Q/Q, slightly favorable at the midpoint to prior guidance of 5%-10% and mostly above a consensus for 7.1% growth to $86.3M.
• Gross margin (non-GAAP) is expected to be near the midpoint of a prior 50%-52% guidance range. That compares with a GM of 52% in Q1 and 52.2% in Q2 2014.
• Shares haven't yet moved premarket. SIMO closed yesterday up 45% YTD. Full Q2 results arrive on July 27.