Silicon Motion: Strong Momentum to Continue in Q2, Revenue Estimated to Increase 20% Quarter-on-Quarter

(Hsinchu, April 29, Central News Agency reporter Chang Chien-chung) Memory controller chip manufacturer Silicon Motion anticipates that its strong operational momentum will extend into the second quarter, with Q2 revenue projected to reach US$393 million to US$411 million, a 15% to 20% quarter-on-quarter increase, and full-year revenue expected to grow sequentially.

Driven by synchronized growth in embedded memory controller chips, automotive storage products, and enterprise boot drive solutions, Silicon Motion's Q1 revenue reached a historic high of US$342 million, a 23% quarter-on-quarter increase. Gross margin was 47.2%, net profit after tax was US$53.85 million, and earnings per share were US$1.58, approximately NT$51.

Silicon Motion President G.C. Chen stated that all product lines achieved outstanding results in Q1. In addition to increasing market share in various application markets, the company simultaneously expanded into new enterprise and artificial intelligence (AI) application fields. Related investments have gradually begun to pay off, injecting growth momentum for this year and the future.

Looking ahead, G.C. Chen expressed that based on current order backlogs, strong operational momentum is expected to continue into Q2. He anticipates that with the continuous ramping up of new projects and increasing market share, revenue for the year will grow sequentially quarter by quarter.

Silicon Motion estimates Q2 revenue to be between US$393 million and US$411 million, a 15% to 20% quarter-on-quarter increase, and a 98% to 107% increase year-on-year. Gross margin is estimated to be approximately 48.5% to 49.5%. (Editor: Lin Chia-hsien) 1150429

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