SIMO Earnings Prediction
The chart below shows how SIMO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SIMO sees a +5.00% change in stock price 10 days leading up to the earnings, and a +4.38% change 10 days following the report. On the earnings day itself, the stock moves by -1.88%. This data can give you a slight idea of what to expect for the next quarter's release.
SIMO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
191.16M
-5.54%
-10.01%
Gross Margin
46.83%
7.06%
0.21%
Operating Margin
11.33%
21.18%
-21.21%
Net Margin
12.05%
15.64%
22.83%
EPS
0.68
325.00%
9.68%
No Data Available
SIMO Earnings Analysis
Silicon Motion Technology Corp Corporation (SIMO.O) Earnings Conference Call
Positive
Strong Revenue Outperformance: Over 25% revenue growth year over year, significantly outperforming the end market served.
Margin Improvement: Gross margin improved from 43% to over 46%, with an operating margin of 15.3%, up from 11.9% in 2023.
SSD Controller Market Growth: SSD controller business grew approximately 20% compared to 2023, with market share increasing to over 30%.
Controller Business Growth: eMMC and UFS controller business grew by approximately 70% in 2024, rebounding from a weak 2023.
Customer Expansion Update: Added four new customers for the Mount Titan enterprise controllers, now expecting to ship to six customers later this year.
Negative
Sales Decline Analysis: December quarter sales decreased 10% sequentially to $191.2 million, indicating a decline in revenue amidst weaker end-user demand for PCs and smartphones.
Earnings Per Share Decline: Earnings per share was $0.91, down slightly from $0.92 in the third quarter, reflecting a stagnation in profitability despite revenue growth.
Cash Decline Analysis: Cash declined to $334.3 million at the end of the fourth quarter from $368.6 million at the end of the third quarter, primarily due to changes in working capital and higher accounts receivable.
Revenue Decline Forecast: Revenues are expected to decline 12.5% to 17.5% in the first quarter, aligning with the near-term expectations for the PC and smartphone end markets, indicating ongoing market challenges.
Consumer Weakness and Uncertainty: The ongoing consumer weakness remains compounded by global economic uncertainty, limiting near-term demand, growth, and visibility for the company.
SIMO FAQs
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SIMO Earning Call Sentiment
Silicon Motion Technology Corporation (NASDAQ:SIMO) Q4 2024 Earnings Call Transcript
SIMO.O
-1.52%Positive
The earnings call presents mixed signals. While the company shows strong gross margins and a new product introduction, revenue and EPS have declined. The guidance indicates further revenue decline but maintains gross margin stability. A new share repurchase program and increased dividend are positives, yet economic uncertainties and supply chain challenges loom. The Q&A reveals cautious optimism for future growth, but with no immediate catalysts. Given the market cap, these factors suggest a neutral stock price movement within the next two weeks.
