Silicon Motion (SIMO), the world's leading NAND flash controller supplier, is atypical when it comes to financial reporting. Management is transparent and is conservative yet accurate. Plus, the company typically offers preliminary results three weeks before it publishes actual results.
Also, of late, it's a bargain resulting in a healthy yield.
Second-Quarter Preliminary Results
On July 7th, the company provided preliminary results for its 2020 second quarter. Its original revenue projection for the quarter was a range of $133 million to $143 million. The non-GAAP gross margin range was expected to