Silicon Motion Releases Preliminary Q2 Results, Declares Dividend

Silicon Motion has put up a few updated numbers in anticipation of its upcoming Q2 results announcement. The company believes it will post revenue that will be flat on a quarter-over-quarter basis, a projection below its original guidance of 5%-10% growth. In Q1, the firm's top line was $57.4 million.

Gross margin on a non-GAAP basis, however, is expected to be 47%-49%, an improvement over the former guidance of 45%-47%.

The firm will unveil those Q2 results after market close on July 29.

Meanwhile, Silicon Motion declared a quarterly dividend. This is to be $0.15 per each of the company's American depositary shares, to be dispensed on Aug. 8 to shareholders of record as of Aug. 1. That amount annualizes to $0.60 per share, yielding 5.7% at the company's most recent closing stock price of $10.53.

The article Silicon Motion Releases Preliminary Q2 Results, Declares Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Silicon Motion. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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