- Silicon Motion Technology (NASDAQ:SIMO) now expects Q3 sequential revenue growth in the range of 11%-13%, significantly higher than its original guidance range of an increase of 0%-5% that the company issued on July 22, 2016.
- Additionally, gross margin (non-GAAP) is expected to be in the range of 48%-49%, above the company's original guidance range of 46%-48%.
- The Company will release its full Q3 results after the market closes on Oct. 27, 2016.
- Shares +5%
- Press Release
Silicon Motion reports preliminary Q3 results
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| Symbol | Last Price | % Chg |
|---|---|---|
| SIMO | - | - |
| Silicon Motion Technology Corporation | ||