How did SIMO's revenue and expenses shift in Q2 2024?

Silicon Motion Technology (SIMO) experienced a notable increase in revenue during Q2 2024, but no corresponding data is available for operating expenses in the same period.

1. Revenue Shift:
   • SIMO's revenue for Q2 2024 was $796.37 million. This represents a significant boost from the previous quarter, indicating robust business performance and market demand for their products, particularly in the Mobile Storage segment, which generated $796.37 million in revenue.
   • The company's focus on SSD controllers, eMMC, and UFS controllers contributed to the revenue growth, reflecting increased sales across various end markets.

2. Expense Shift:
   • No data is available for SIMO's operating expenses in Q2 2024. This absence makes it challenging to analyze the direct impact of expenses on the revenue growth.
   • However, from Q1 2024, we know that non-GAAP operating expenses increased to $62.5 million, up from $39.6 million in the prior year. This increase was primarily due to higher R&D spending and general and administrative expenses, leading to a surge in non-GAAP operating income to $22.6 million.

In summary, SIMO saw a positive revenue shift in Q2 2024, but the lack of expense data prevents a full analysis of the company's financial health during the period.