Brief: Silicon Motion Provides Updated First Quarter 2020 Outlook

Silicon Motion Technology

12/03/2020 13:46

March 12 (Reuters) - Silicon Motion Technology Corp
 SIMO.O :
    * SILICON MOTION PROVIDES UPDATED FIRST QUARTER 2020 OUTLOOK
    * SILICON MOTION TECHNOLOGY CORP - PROVIDED AN UPDATE TO ITS
FIRST
QUARTER 2020 GUIDANCE DUE TO POTENTIAL IMPACTS FROM THE COVID-19
OUTBREAK
    * SILICON MOTION TECHNOLOGY CORP - FOR FIRST QUARTER 2020,
MANAGEMENT NOW EXPECTS NON-GAAP REVENUE TOWARDS LOW-END
    * SILICON MOTION TECHNOLOGY - FOR Q1 2020 EXPECTS NON-GAAP
GROSS
MARGIN TOWARDS UPPER-END OF ORIGINAL GUIDANCE RANGES ISSUED ON
FEBRUARY 7, 2020
    * SILICON MOTION TECHNOLOGY - CONTINUE TO ACTIVELY MONITOR
SUPPLY
CHAIN AND END DEMAND CONDITIONS AS COVID-19 OUTBREAK EVOLVES
FURTHER
    * SILICON MOTION TECHNOLOGY - MANAGEMENT ORIGINALLY EXPECTED
NON-GAAP REVENUE TO BE IN RANGE OF $130 MILLION TO $138 MILLION
FOR Q1 2020
    * SILICON MOTION TECHNOLOGY - MANAGEMENT ORIGINALLY EXPECTED
NON-GAAP GROSS MARGIN TO BE IN THE RANGE OF 44% TO 46% FOR Q1
2020

Source text for Eikon:  ID:nGNX1qk5XN 
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