Silicon Motion Technology Third Quarter 2024 Earnings: EPS Misses Expectations

Silicon Motion Technology (NASDAQ:SIMO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$212.4m (up 23% from 3Q 2023).
• Net income: US$20.8m (up 97% from 3Q 2023).
• Profit margin: 9.8% (up from 6.1% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.62 (up from US$0.32 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Silicon Motion Technology EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.9%.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

Be aware that Silicon Motion Technology is showing 1 warning sign in our investment analysis that you should know about...

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