Silicon Motion Announces Results for the Period Ended December 31, 2023

Business Highlights Fourth quarter sales increased 17% Q/Q and increased 1% Y/Y SSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/YeMMC+UFS controller sales: 4Q increased 25% to 30% Q/Q and increased 20% to 25% Y/YSSD solutions sales: 4Q decreased 5% to 10% Q/Q and decreased 45% to 50% Y/Y Announced annual cash dividend of $2.00 per ADS Financial Highlights  4Q 2023 GAAP4Q 2023 Non-GAAP•   Net sales$202.4 million (+17% Q/Q, +1% Y/Y)$202.4 million (+17% Q/Q, +1% Y/Y)•   Gross margin4 ...