Silicon Motion Sees Q2 Revenue To Be Near Midpoint Of Original Guidance Range

(RTTNews) - Silicon Motion Technology Corp. (SIMO) said that it expects revenue for the second quarter to be near the midpoint of the original guidance range of $134.3 million to $140.8 million.

Analysts polled by Thomson Reuters expect the company to report revenues of $138.24 million for the second-quarter. Analysts' estimates typically exclude special items.

Gross margin (non-GAAP) is also expected to be near the midpoint of the company's original guidance range of 46.5% to 48.5%.

The company said it will release its second quarter 2018 financial results after the market closes on July 31, 2018.