Silicon Motion Technology Corporation Announces Earnings Guidance for the First Quarter and Full Year 2024
Silicon Motion Technology Corporation announced earnings guidance for the first quarter and full year 2024. For the quarter, the company expects GAAP revenue in the range of $172 million to $182 million, decrease of 15% to 10% quarter-on-quarter and increase of 39% to 47% year-on-year.
For the full year, the company expects GAAP revenue in the range of $765 million to $800 million, increase of 20% to 25% year-on-year.