Silicon Motion Announces Results for the Period Ended December 31, 2023

February 6, 2024

https://www.globenewswire.com/news-release/2024/02/06/2824800/9885/en/Silicon-Motion-Announces-Results-for-the-Period-Ended-December-31-2023.html

Business Highlights

Financial Highlights

TAIPEI, Taiwan and MILPITAS, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion”, the “Company” or “we”) today announced its financial results for the quarter ended December 31, 2023. For the fourth quarter of 2023, net sales (GAAP) increased sequentially to $202.4 million from $172.3 million in the third quarter of 2023. Net income (GAAP) increased to $21.1 million, or $0.63 per diluted American Depositary Share of the Company (“ADS”) (GAAP), from net income (GAAP) of $10.6 million, or $0.32 per diluted ADS (GAAP), in the third quarter of 2023.

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