Earnings Call Summary | Silicon Motion Technology(SIMO.US) Q1 2024 Earnings Conference
Earnings Call Summary | Silicon Motion Technology(SIMO.US) Q1 2024 Earnings Conference
The following is a summary of the Silicon Motion Technology (SIMO) Q1 2024 Earnings Call Transcript:
以下是硅动科技（SIMO）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Silicon Motion Technology reported a revenue of $189 million in Q1 2024, a sequential decrease of 6%.
Gross margin increased to 45% due to a better product mix and higher ASPs.
Operating margin decreased from 13.8% in Q4 2023 to 12% in Q1 2024.
Earnings per ADS reduced from $0.93 in the previous quarter to $0.64 in this quarter.
硅动科技报告称，2024年第一季度收入为1.89亿美元，连续下降6％。
由于更好的产品组合和更高的ASP，毛利率提高到45％。
营业利润率从 2023 年第四季度的13.8％下降到2024年第一季度的12％。
每个ADS的收益从上一季度的0.93美元下降到本季度的0.64美元。
Business Progress:
业务进展：
The SSD controller business recorded growth above expectations due to two key flash maker customers.
Its first MonTitan PCIe Gen 5 controller secured two Tier 1 customers and is expected to start ramping up in 2025.
The launch of the first UFS 4.0 controller in Q1 2024 is expected to start qualification in H2 2024.
Growing demand for QLC UFS products influences the expected launch of a QLC UFS solution for a leading handset OEM this year.
The company sees strong design activity for PCIe Gen 4 SSD and Gen 5 8-channel controller.
Expect an increase in enterprise controller revenue, contributing to 5% to 10% of total revenue by 2026 and '27.
The company is expecting to see significant market share gain and growth from both SSDs and eMMC UFS segments.
Collaborations with major companies, including design wins with Toyota, Honda, and China's BYD, are foreseen, signalling projected growth from 2025.
由于两家主要的闪存制造商客户，固态硬盘控制器业务的增长超出了预期。
其首款MonTitan PCIe Gen 5控制器获得了两个一级客户的支持，预计将于2025年开始扩展。
2024年第一季度推出的首款UFS 4.0控制器预计将于2024年下半年开始资格认证。
对QLC UFS产品的需求不断增长，影响了预计今年为一家领先的手机制造商推出的QLC UFS解决方案。
该公司认为 PCIe 第 4 代固态硬盘和第 5 代 8 通道控制器的设计活动强劲。
预计企业控制器收入将增加，到2026年和27年，占总收入的5％至10％。
该公司预计，固态硬盘和eMMC UFS细分市场的市场份额都将大幅增加和增长。
预计将与主要公司的合作，包括与丰田、本田和中国比亚迪的设计中标，这表明预计从2025年起将实现增长。
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