Silicon Motion (SIMO) Q1 2025 Earnings Transcript

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DATE

Wednesday, April 30, 2025 astatine 8 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Wallace Kou

• Chief Financial Officer — Jason Tsai

• Head of Investor Relations — Tom Sepenzis

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Full Conference Call Transcript

Tom Sepenzis: Good morning, everyone, and invited to Silicon Motion's archetypal 4th 2024 fiscal results league telephone and webcast. Joining maine contiguous is Wallace Kou, our President and CEO; and Jason Tsai, our CFO. Wallace volition archetypal supply a reappraisal of our cardinal concern developments, and past Jason volition sermon our archetypal 4th results and outlook. Following our prepared remarks, we volition reason with a Q&A session. Before we get started, I would similar to punctual you of our Safe Harbor policy, which was work astatine the commencement of this call. For a broad overview of the risks progressive successful investing successful our securities, delight notation to our filings with the US Securities and Exchange Commission.

For much details connected our fiscal results, delight notation to our property release, which was filed connected Form 6-K aft the adjacent of the marketplace yesterday. This webcast volition beryllium disposable for replay successful the Investor Relations conception of our website for a constricted time. To heighten investors' knowing of our ongoing economical performance, we volition sermon non-GAAP accusation during this call. We usage non-GAAP fiscal measures internally to measure and negociate our operations. We have, truthful chosen to supply this accusation to alteration you to execute comparisons of our operating results successful a mode accordant with however we analyse our ain operating results.

The reconciliation of the GAAP to non-GAAP fiscal information tin beryllium recovered successful our net merchandise issued yesterday. We inquire that you reappraisal it successful conjunction with this call. With that, I volition crook the telephone implicit to Wallace.

Wallace Kou: Thank you, Tom. Hello, everyone, and convey you for joining america today. I'm pleased that we delivered gross astatine the precocious extremity of our scope of our archetypal quarter, but the marketplace of PC and smartphone began to rebound. Additionally, we delivered different 4th of gross borderline enlargement done the palmy instauration of a caller merchandise and the premix displacement toward higher extremity PCIe and UFS products. We proceed to put successful the next-generation technologies that we expect volition thrust semipermanent sustainable apical and bottom-line maturation of our company.

We are besides benefiting from the accrued controller outsourcing by our NAND flash shaper customer, a inclination that should proceed arsenic the controller capableness summation and the plan outgo proceed to rise. Flash makers stay focused connected profitability, portion managing their concern to service the progressively divers extremity marketplace representation requirements. Despite the macro uncertainties, we are excited by the advancement we are making securing beardown plan triumph momentum and stock summation crossed each our extremity markets arsenic we motorboat respective caller products including breathtaking caller triumph with NVIDIA's BlueField-3 DPU platform, that I volition sermon successful greater item successful a moment, arsenic good arsenic caller solutions for the PC, smartphone, endeavor and automotive markets.