From Nasdaq: 2024-07-25 11:56:00

Silicon Motion Technology Corporation (SIMO) is set to report second-quarter 2024 results on Aug 1. Analysts expect a top-line expansion, backed by strong demand for SSD and eMMC+UFS controllers. The company introduced new products like the SM2322 controller for high-density portable SSDs and the SM770 USB display interface SoC for docking stations.

Earnings Whispers suggest a likely earnings beat for SIMO. The company currently holds a Zacks Rank #1 and has a positive Earnings ESP of +2.32%. Other companies to watch include Pinterest (PINS) with an Earnings ESP of +7.14%, Advanced Micro Devices (AMD) with an ESP of +2.21%, and Arista Networks, Inc. (ANET) with an ESP of +1.72%.

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Read more at Nasdaq: Silicon Motion (SIMO) to Report Q2 Earnings: What’s in Store?