Silicon Motion's revenue in 2024 exceeded expectations, with a full-year growth of 26%

Silicon Motion Technology (SIMO) achieved higher-than-expected full-year revenue in 2024, reaching $803.6 million, up 26% from 2023. The company's gross profit margin also increased from 43% in 2023 to 46.2%. Full-year net profit after tax reached $116 million, with diluted earnings per ADS of $3.43.