Silicon Motion Technology Corporation (NASDAQ:SIMO), a leading global provider of NAND flash controllers for solid state storage devices, has announced that its revenue for the second quarter is expected to surpass the high end of its initial forecast.

The company, which previously predicted revenues between $199 million and $208 million, now anticipates slightly higher figures based on preliminary data.

Additionally, Silicon Motion expects its gross margin (non-GAAP) for the quarter to be close to the upper limit of the previously provided guidance range of 45% to 46%.

These positive developments highlight the company's robust performance amid the ongoing demand for NAND flash technology.

Silicon Motion will release detailed financial results for the second quarter of 2024 after the market closes on August 1, 2024.