Silicon Motion (SIMO) Tops Q2 Earnings & Revenue Estimates

Silicon Motion Technology Corporation (SIMO) reported strong second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The leading merchant supplier of client SSD (Solid State Drive) controllers witnessed top-line growth driven by healthy demand trends.Net IncomeOn a GAAP basis, net income improved to $30.8 million or 91 cents per American depositary share (ADS) from$11 million or 33 cents per ADS in the prior-year quarter. Higher net sales across various en ...