Silicon Motion(SIMO) - 2023 Q2 - Quarterly Report

Exhibit 99.1 Silicon Motion Announces Results for the Period Ended March 31, 2023 NEWS RELEASE Business Highlights • First quarter sales decreased 38% Q/Q and 49% Y/Y • SSD controller sales: 1Q decreased 20% to 25% Q/Q and 35% to 40% Y/Y • eMMC+UFS controller sales: 1Q decreased 70% to 75% Q/Q and 75% to 80% Y/Y • SSD solutions sales: 1Q decreased 30% to 35% Q/Q and approximately flat Y/Y Financial Highlights | --- | --- | --- | --- | --- | |-------|-------|--------------------------------|----------------- ...