SIMO Q1 Earnings Surpass Estimates, Revenues Decline Y/Y

Silicon Motion Technology Corporation (SIMO) reported healthy first-quarter 2025 results, with both the adjusted earnings and revenues beating the Zacks Consensus Estimate.The leading developer of microcontroller integrated circuits for NAND flash storage devices witnessed revenue contraction year over year, driven by weak demand trends in multiple markets. However, management remains focused on delivering strong, sustainable long-term growth by broadening the product portfolio, expanding into new markets a ...