Silicon Motion Technology Corp (SIMO) Q1 2020 Earnings Call Transcript

Silicon Motion Technology Corp (SIMO) Q1 2020 Earnings Call Transcript

Joining me today on this call are Wallace Kou, our President and CEO; and Riyadh Lai, our Chief Financial Officer.. Following my comments, Wallace will provide a review of our key business developments and then Riyadh will discuss our first quarter results and our outlook.. We have chosen to provide this information to enable you to perform comparisons of our results and the matter similar to how we analyze our own operating results.. In Silicon Motion, we have planned to keep our employees safe and busy running.. Sale to the channel market which is more fully and dynamic have benefited from restocking.. Sale to the OEM market, on the other hand have largely been uninterrupted, with sales taking place according to forecast, and for this OEM market, we currently have a reasonable procurement visibility through the third quarter.. Our SSD controllers, eMMC+UFS controller, and SSD solutions all grew strongly year-over-year.. Earning per ADS for the quarter were $0.80 down from $0.96 in the fourth quarter of last year, but up from $0.42 a year ago.. While our business visibility is now more limited due to global economic uncertainties, we believe we remain well-positioned to grow our business, meaningfully this year