Tržby společnosti Semtech z LoRa dosáhly ve 2. čtvrtletí fiskálního roku 2027 rekordních 58 milionů USD, což představuje meziroční nárůst o 58 %. Ve 3. čtvrtletí společnost očekává meziroční růst o 65 %.
Key Takeaways SMTC's LoRa sales hit a record $58 million in Q2 fiscal 2027, up 58% year over year.SMTC expects LoRa revenues to grow 65% year over year in Q3 fiscal 2027, fueled by rising adoption.SMTC's LoRa Gen 4 and LoRa Plus, plus Amazon Sidewalk expansion, support growth across key markets.
Semtech Corporation (SMTC - Free Report) is seeing strong growth in its LoRa business as demand increases across industrial, commercial and consumer applications. LoRa-enabled net sales reached a record $58 million in the second quarter of fiscal 2027, up 31% sequentially and 58% year over year. Growth reflects wider adoption of LoRa across different applications, including smart homes, security systems and industrial monitoring. Management expects the business to maintain its momentum, with LoRa revenues projected to grow about 15% sequentially and 65% year over year in the third quarter of fiscal 2027.
Semtech is expanding its LoRa portfolio to address more applications. Its LoRa Gen 4 platform supports higher data speeds while maintaining low power consumption and long-range connectivity. These features can support new uses in smart homes, security and industrial applications. For example, LoRa-enabled sensors can help monitor industrial equipment and support predictive maintenance. In public safety, the technology can also enable sensors to transmit audio for AI-based verification instead of sending simple alerts.
Amazon Sidewalk is another potential growth driver for Semtech’s LoRa business. Following Ring’s launch of a new range of LoRa-based sensors in the United States, Amazon Sidewalk is expanding internationally, starting with Canada and Mexico, while Europe, Australia and Japan are expected to follow. This expansion could help increase the use of LoRa-based devices in consumer applications through Amazon’s network. Meanwhile, LoRa Plus is gaining traction in smart home and security markets, broadening the company’s opportunities beyond traditional industrial and commercial use cases.
Strong momentum in LoRaWAN, LoRa Plus and Amazon Sidewalk can also support SMTC’s future growth. Management expects LoRa revenues to grow at a rate above its previous 20% benchmark, supported by demand across these applications. With record revenues, new use cases and expanding distribution through Amazon Sidewalk, LoRa could become an increasingly important contributor to Semtech’s overall growth.
How Competitors Fare Against SMTCSemtech faces competition from Texas Instruments (TXN - Free Report) and NXP Semiconductors (NXPI - Free Report) across the broader industrial and Internet of Things (IoT) markets.
Texas Instruments offers Sub-1 GHz wireless microcontrollers and transceivers designed for applications such as smart meters, building automation and industrial sensors. These products provide long-range connectivity while using little power, making them an alternative for certain applications served by Semtech's LoRa technology. In the third quarter of 2026, TXN's revenues rose 28% year over year to $6.1 billion, while industrial revenues grew more than 40%. The company is expanding manufacturing capacity to support rising customer demand. These investments and its broad wireless product portfolio strengthen TXN's position in industrial and connected-device markets.
NXPI also offers low-power Sub-GHz wireless products for smart metering, home and building automation, asset tracking and industrial monitoring. Its OL2385 transceiver family supports multiple wireless protocols, including Sigfox and Wireless M-Bus, giving customers options for connected-device applications. NXPI's industrial and IoT business reported revenues of $755 million in the second quarter of 2026, up 38% year over year. Its newer processing products, including the i.MX, RT and MCX families, grew 40% year over year, reflecting strong demand for its industrial and IoT portfolio.
SMTC’s Price Performance, Valuation & EstimatesShares of SMTC have jumped 92.2% in the year-to-date period compared with the Zacks Semiconductor - Analog and Mixed industry’s return of 38.4%.
SMTC YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, SMTC trades at a forward price-to-sales ratio of 7.36, lower than the industry’s average of 7.94.
SMTC Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for SMTC’s fiscal 2027 earnings is pegged at $3.65 per share, revised up by 4.9% over the past seven days, indicating a 113.5% increase from the previous year.
Image Source: Zacks Investment Research
SMTC currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Assenagon Asset Management S.A. grew its stake in shares of Semtech Corporation (NASDAQ:SMTC – Free Report) by 56.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 546,422 shares of the semiconductor company’s stock after purchasing an additional 196,734 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.59% of Semtech worth $97,454,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Leonteq Securities AG increased its stake in shares of Semtech by 11.2% during the first quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 118 shares in the last quarter. Corient Private Wealth LP boosted its stake in Semtech by 4.0% in the 2nd quarter. Corient Private Wealth LP now owns 3,147 shares of the semiconductor company’s stock worth $515,000 after purchasing an additional 122 shares during the period. ABS Investment Management LLC purchased a new stake in Semtech during the 2nd quarter valued at approximately $178,035,000. FNY Investment Advisers LLC grew its holdings in Semtech by 900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 180 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Semtech during the second quarter valued at approximately $32,000.
Analyst Upgrades and Downgrades Several research firms have recently commented on SMTC. New Street Research set a $230.00 target price on shares of Semtech in a report on Thursday, August 20th. TD Cowen reiterated a “buy” rating and issued a $215.00 price target on shares of Semtech in a report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of Semtech in a report on Wednesday, August 26th. Robert W. Baird boosted their price target on shares of Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Finally, Benchmark restated a “buy” rating on shares of Semtech in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.11.
View Our Latest Analysis on SMTC Insider Transactions at Semtech In other Semtech news, Director Rodolpho C. Cardenuto sold 5,321 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $877,965.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jason Elliot Green sold 2,766 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $190.35, for a total transaction of $526,508.10. Following the completion of the sale, the executive vice president owned 7,367 shares in the company, valued at $1,402,308.45. This represents a 27.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 13,737 shares of company stock worth $2,267,877. Company insiders own 0.44% of the company’s stock.
Semtech Trading Down 5.2% NASDAQ:SMTC opened at $136.73 on Friday. The firm has a 50-day simple moving average of $156.97 and a 200-day simple moving average of $139.21. Semtech Corporation has a one year low of $60.28 and a one year high of $201.99. The firm has a market cap of $12.76 billion, a P/E ratio of 90.55 and a beta of 2.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70.
Semtech (NASDAQ:SMTC – Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The firm had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Equities analysts anticipate that Semtech Corporation will post 2.65 EPS for the current fiscal year.
Semtech News Roundup Here are the key news stories impacting Semtech this week:
Positive Sentiment: Semtech raised its near-term Q3 guidance and presented a longer-term outlook through 2030, helping support a recovery in the stock. Northland Securities upgraded SMTC from “market perform” to “outperform” and set a $186 price target. Semtech rises as it boosts Q3 guidance, offers up 2030 outlook; Northland upgrades Positive Sentiment: The company expects data-center revenue to more than double in fiscal 2028 and 2029. Baird reaffirmed its “outperform” rating and $300 target, citing record bookings and strong two-year visibility from demand for copper, fiber and optical connectivity used in AI infrastructure. Semtech eyes data center revenue surge as AI infrastructure spending grows Positive Sentiment: TD Cowen maintained a “buy” rating with a $215 price target, while BMO raised its target to $230. These targets indicate analysts see substantial upside if Semtech delivers on its data-center growth plans. Positive Sentiment: Investors purchased approximately 6,179 SMTC call options, about 43% above average daily volume, signaling increased speculative interest in a rebound. Neutral Sentiment: Stifel lowered its price target from $220 to $200 but retained a “buy” rating, suggesting valuation or execution concerns while preserving a positive long-term view. Semtech Stock Rebounds as Wall Street Turns Focus to Near-Term Earnings Targets Negative Sentiment: Despite the improved outlook, some investors viewed SMTC as expensive after its roughly eightfold run over the past year. That valuation concern likely contributed to selling pressure around analyst day and could limit further gains unless earnings growth accelerates. Semtech Stock Looks Expensive After Its 8x Run Semtech Company Profile (Free Report)
Semtech Corporation is a global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.
The company’s portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.
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Semtech, the semiconductor company, is targeting more than doubling its data center revenue in financial 2028 and 2029, as Baird reaffirmed its 'outperform' rating and $300 price target.
Baird said record bookings and strong visibility over the next 2 years supported the growth outlook, with Semtech positioned to benefit from rising demand for copper, fiber and optical connectivity.
The broker highlighted accelerating adoption of linear signal-integrity solutions, which reduce power consumption, latency, equipment size and costs compared with conventional retimed links.
Semtech’s CopperEdge portfolio includes a 224-gigabits-per-second redriver already shipping, while management described its 336-gigabits-per-second device as the only solution currently performing in a hyperscaler application.
The 336-gigabits-per-second product consumes less than one-tenth of the power required by a retimed alternative, while extending copper connectivity for links between processors and other components.
Semtech’s FiberEdge business has also increased its market share in 1.6-terabit connectivity to more than 50%, up from 18% at 800 gigabits, according to the broker’s summary.
Baird expects the company to capture more value as data centers shift towards optical and photonic technologies to support faster connection speeds and greater bandwidth.
Semtech’s photonics offering could save 40-50 milliwatts per 800-gigabit optical module, while its vertically integrated US supply chain supports opportunities in short-distance optical connections within data centers.
The broker also identified long-range radio technology LoRa as a significant growth driver, with projected annual sales growth of 30% implying revenue above $500 million by calendar 2029.
Semtech’s financial framework for 2030 targets $3.2 billion in total revenue, excluding current sales from its system-on-module business, equivalent to a compound annual growth rate of 38% from financial 2026.
Data center revenue is expected to reach $2.1 billion by financial 2030, representing annualised growth of 75%, while management is targeting an adjusted gross margin of 70%.
The company is also targeting an adjusted operating margin of 48-50%, non-GAAP earnings per share of $12.40-$13 and a free cash flow margin of 35% by financial 2030.
Baird retained its Outperform rating on Semtech, citing demand for optical connectivity, gains in active copper cable and internet-of-things markets, and an improving revenue mix.
Editorial note: The source material gives two different periods for the data center revenue doubling forecast: financial 2028 and 2029 in the opening summary, but financial 2027 and 2028 in the 2030 framework section. The relevant forecast periods should be confirmed before publication.
Semtech zvýšil výhled tržeb pro 3. čtvrtletí fiskálního roku 2027 na 417,5 milionu USD, což představuje meziroční nárůst o 56 %. Do roku 2030 pak cílí na tržby ve výši 3,2 miliardy USD.
Semtech Stock Rallies on Strong Q2 Results and Raised GuidanceSemtech NASDAQ: SMTC raised its fiscal third-quarter 2027 outlook and outlined long-term financial targets through fiscal 2030, citing growth in data center connectivity and LoRa products, higher-margin portfolio mix and a substantially improved balance sheet.
During the company’s analyst day, Semtech said it expects fiscal Q3 2027 revenue of $417.5 million at the midpoint, representing 56% year-over-year growth. The outlook calls for consolidated adjusted gross margin of 59%, or 64% excluding the cellular modules business that Semtech expects to divest, as well as adjusted operating margin of 33% and adjusted diluted earnings per share of $1.14.
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Semtech’s Explosive Rally May Only Be Getting StartedThe company said it continues to expect regulatory clearances for the cellular modules divestiture and anticipates closing the transaction in its fiscal fourth quarter.
Balance Sheet Transformation
Semtech highlighted progress in reducing leverage and interest expense since fiscal 2024. The company said net cash interest costs were $82 million in fiscal 2024, while free cash flow was negative $123 million. As of the second quarter of fiscal 2027, annual free cash flow was $193 million, according to the presentation.
How Semtech’s Data Center Chips Are Powering the AI BoomNet debt declined to $299 million at the end of Q2 2027 from $1.3 billion at the end of fiscal 2024, while net leverage fell to 1.1 times from 10.5 times. Semtech reported $503 million in debt and $204 million in cash and cash equivalents at the end of the quarter, alongside $357 million of availability under its line of credit.
The company said $100.5 million of debt comes due in fiscal 2028, with no scheduled maturities in fiscal 2029 or fiscal 2030. The remaining $402.5 million is due in fiscal 2031. Semtech expects its net leverage ratio to move below 1 times, with a longer-term maintenance target below zero net leverage.
Data Center and LoRa Drive Portfolio Shift
Semtech said data center and LoRa each represented about 7% of total revenue in fiscal 2024. For fiscal Q3 2027, excluding the cellular modules business, the company expects data center products to account for 40% of revenue and LoRa products to represent 19%.
Data center revenue was $61 million for all of fiscal 2024 and is expected to reach $145 million in fiscal Q3 2027 alone. LoRa revenue also totaled $61 million for fiscal 2024 and is expected to be $68 million in the third quarter of fiscal 2027.
Hong Hou, Semtech’s president and chief executive officer, said the company sees expanding LoRa opportunities across smart buildings, security, drone control, edge AI connectivity and Amazon Sidewalk. He said next-generation LoRa products are intended to offer lower standby current, higher data-transmission rates and software development kits designed to facilitate deployment.
Hou also discussed demand for connectivity solutions in AI infrastructure. He said near-package optics, or NPO, is expected to begin entering volume production near the end of next year, followed by co-packaged optics, or CPO. He described NPO as offering much of the power-saving benefit of CPO while retaining flexibility through an open socket architecture.
Imran Sherazi, senior vice president and general manager of Semtech’s Signal Integrity Products Group, said the company is focused on supplying linear redrivers across formats, including active copper cables, flyover cables and line-card applications. Sherazi said the company increased its share in a cited market from 18% to more than 50% and intends to continue pursuing share gains.
Fiscal 2030 Framework
Semtech expects revenue to reach $3.2 billion in fiscal 2030, implying a 38% compound annual growth rate from fiscal 2026. The fiscal 2026 base excludes $166 million in cellular module revenue associated with the business slated for divestiture.
Data center revenue is expected to compound at a 75% rate to $2.1 billion by fiscal 2030.
LoRa revenue is expected to compound at a 30% rate through fiscal 2030.
Adjusted gross margin is targeted at 70% in fiscal 2030.
Adjusted operating margin is expected to be 48% to 50%.
Free cash flow is expected to equal 35% of revenue.
Adjusted diluted EPS is projected at $12.40 to $13, representing a 64% to 66% compound annual growth rate.
The company said its fiscal 2030 EPS framework assumes a 20% non-GAAP tax rate and 104 million weighted-average diluted shares outstanding.
Investment and Capital Allocation
Semtech said research and development spending increased 27% between fiscal 2025 and the trailing 12 months ended in Q2 2027, while selling, general and administrative expense increased 8% over the same period. The company said it has focused R&D spending on customer-aligned, higher-return projects while maintaining an affordability framework.
Its capital allocation priorities are organic R&D investment, capability-driven acquisitions and balance-sheet strength. Semtech cited its March acquisition of Semtech Photonics Products, also referred to as HieFo, as an example of its approach. The acquisition added domestic indium phosphide manufacturing expertise and expanded the company’s AI connectivity portfolio into photonics, according to the presentation.
Hou said the company’s objective is to pursue high-bandwidth, low-power and low-latency connectivity opportunities while expanding earnings and cash flow through a more differentiated portfolio.
About Semtech (NASDAQ:SMTC)Semtech Corporation is a global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.
The company's portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Key Takeaways SMTC's data-center revenues hit a record $100 million in Q2 fiscal 2027, rising 91% year over year. SMTC expects 1.6T CopperEdge and FiberEdge products to contribute over 50% of Q3 FY27 data-center revenues. SMTC's fiscal 2027 backlog is fully booked, while over 70% of its fiscal 2028 target is already covered. Semtech Corporation (SMTC - Free Report) is seeing strong demand for its data center products as hyperscalers increase spending on AI infrastructure. The company’s data center revenues reached a record $100 million in the second quarter of fiscal 2027, up 39% sequentially and 91% year over year. Growth was driven by continued strength in 800G products, along with the ramp of 1.6T CopperEdge and FiberEdge solutions. Management expects this momentum to continue, with data center revenues projected to increase 45% sequentially and 160% year over year in the third quarter of fiscal 2027.
The 1.6T transition could become an important growth driver for Semtech. Management expects 1.6T FiberEdge and CopperEdge products to account for more than 50% of total data center revenues in the third quarter of fiscal 2027. Semtech is also gaining market share in optical connectivity, where its FiberEdge business has grown from about 18% market share in 800G two years ago to more than 50%. Further, the company expects its 1.6T FiberEdge market share to exceed 50% by the end of fiscal 2027.
The company is also preparing for the next stage of data center growth. Semtech is expanding its photonics portfolio through gain chips, high-power CW lasers, semiconductor optical amplifiers and photodiodes. These products are aimed at higher-speed applications, including 3.2T transceivers and co-packaged optics. Management expects its content per transceiver to increase from high single-digit dollars to high double-digit dollars as data center speeds move from 800G to 3.2T.
Strong customer demand supports SMTC’s prospects as well, with the company reporting that its backlog for the remainder of fiscal 2027 was fully booked and more than 70% of its target for fiscal 2028 was already covered. Management is also working with manufacturing partners to secure additional capacity for fiscal 2028 and beyond. If it can meet customer requirements and maintain its product momentum, the 1.6T ramp could remain an important driver of Semtech’s data center growth over the next several quarters.
How Competitors Fare Against SMTCSemtech faces stiff competition from Marvell Technology (MRVL - Free Report) and MACOM Technology Solutions (MTSI - Free Report) in high-speed data center connectivity.
MRVL offers optical digital signal processors, switching products, transimpedance amplifiers (TIAs) and drivers for high-speed optical connectivity. Its data center revenues reached a record $2.17 billion in the second quarter of fiscal 2027, up 46% year over year. Demand for its 800G products remains strong, while its 1.6T business is ramping rapidly. The company now expects fiscal 2027 revenues to grow about 45% year over year to roughly $12 billion, with data center revenues up about 60%.
MTSI is also expanding its presence in high-speed data center connectivity. Its portfolio includes 800G and 1.6T products, linear equalizers for copper interconnects, high-speed TIAs and drivers, and photodetectors. Data center remained MTSI’s fastest-growing business in the third quarter of fiscal 2026, with revenues of $137.6 million, up about 40% sequentially and 81.5% year over year. The company reported a record book-to-bill ratio of 1.6 in the third quarter of fiscal 2026 and expects fiscal 2026 data center growth of about 74%.
SMTC’s Price Performance, Valuation & EstimatesShares of SMTC have jumped 127.1% in the year-to-date period compared with the Zacks Semiconductor - Analog and Mixed industry’s return of 45.2%.
SMTC YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, SMTC trades at a forward price-to-sales ratio of 9.82, higher than the industry’s average of 8.42. The Zacks Value Score of F suggests that SMTC stock is overvalued.
SMTC Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for SMTC’s fiscal 2027 earnings is pegged at $3.48 per share, unchanged over the past 30 days, indicating a 103.5% increase from the previous year.
Image Source: Zacks Investment Research
SMTC currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
A month has gone by since the last earnings report for Semtech (SMTC - Free Report) . Shares have added about 20.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Semtech due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Semtech Corporation before we dive into how investors and analysts have reacted as of late.
Semtech's Q2 Earnings Surpass Estimates, Revenues Increase Y/YSemtech posted second-quarter fiscal 2027 non-GAAP earnings of 71 cents per share, which beat the Zacks Consensus Estimate by 14.5%. The bottom line exceeded management’s guidance of 61 cents (+/-2 cents) and reflected a robust year-over-year improvement of approximately 73.2%.
Semtech beat on earnings in each of the trailing four quarters, the average surprise being 9.8%.
SMTC’s second-quarter fiscal 2027 revenues of $341.9 million topped the Zacks Consensus Estimate by 4.1% and came above management’s guidance of $328 million (+/- $5 million). The top line jumped 32.7% year over year.
Semtech’s Q2 Revenues in Terms of End MarketsSales from the infrastructure market totaled $123.7 million (36.2% of net sales), exhibiting year-over-year growth of 69%, supported by the expanding data center business. The increase reflected continued strength in 800G products and the early ramp of 1.6T FiberEdge and CopperEdge solutions.
Sales from the industrial market amounted to $178.9 million (52.3% of net sales), up 25.1% year over year.
Sales from the high-end consumer market totaled $39.3 million (11.5% of net sales), down 4.6% year over year.
SMTC’s Q2 Revenues in Terms of Product LinesSignal Integrity (36.9% of net sales) sales totaled $126.2 million, up 64.3% year over year.
Analog Mixed Signal & Wireless (34.3% of net sales) sales amounted to $117.4 million, which rose 27.6% year over year.
IoT Systems and Connectivity (28.8% of net sales) sales totaled $98.3 million, up 10.7% on a year-over-year basis.
Semtech Builds Data Center and LoRa MomentumFiberEdge demand remained strong across leading hyperscalers, and Semtech said it is designed into every major module provider in its target markets. The company expects 1.6T FiberEdge market share to exceed 50% by the end of fiscal 2027 and is engaged in CopperEdge design-ins at bandwidths up to 3.2T.
LoRa-enabled sales set another record at $58 million, up 58% year over year. The company cited expansion across smart utilities, buildings, cities and asset management, while Amazon Sidewalk is expanding internationally after Ring's U.S. launch of LoRa-based sensors. Semtech is also expanding photonics capacity, with high-power CW laser revenues expected to begin in the first half of fiscal 2028.
Semtech’s Margins in DetailThe non-GAAP gross margin of 54.5% expanded 130 basis points (bps) on a year-over-year basis and 150 bps sequentially.
Non-GAAP operating income increased 72% year over year to $83.6 million. The non-GAAP operating margin expanded to 24.4% from 18.8% reported in the year-ago quarter. On a quarter-over-quarter basis, non-GAAP operating income increased 41%, while margin expanded 400 basis points.
Semtech’s Balance Sheet & Cash FlowAs of July 26, 2026, cash and cash equivalents totaled $204.1 million, up from $163.3 million as of April 26, 2026.
The long-term debt amounted to $349.4 million, down from the previous quarter’s reported figure of $492 million.
During the second quarter, Semtech generated operating cash flow and free cash flow of $68.9 million and $61.4 million, respectively.
Semtech Initiates Q3 FY27 GuidanceFor the third quarter of fiscal 2027, Semtech expects net sales to be $410 million (+/- $5 million).
The non-GAAP gross margin is expected to be 58.3% (+/- 100 bps). The non-GAAP operating margin is anticipated to be 31% (+/- 60 bps).
Non-GAAP earnings are expected to be $1.05 (+/- 3 cents) per share.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
The consensus estimate has shifted 60.76% due to these changes.
VGM ScoresCurrently, Semtech has a great Growth Score of A, a grade with the same score on the momentum front. However, the stock has a score of F on the value side, putting it in the fifth quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Semtech has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerSemtech is part of the Zacks Semiconductor - Analog and Mixed industry. Over the past month, Analog Devices (ADI - Free Report) , a stock from the same industry, has gained 3.6%. The company reported its results for the quarter ended July 2026 more than a month ago.
Analog Devices reported revenues of $4.02 billion in the last reported quarter, representing a year-over-year change of +39.6%. EPS of $3.45 for the same period compares with $2.05 a year ago.
Analog Devices is expected to post earnings of $3.84 per share for the current quarter, representing a year-over-year change of +69.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Analog Devices. Also, the stock has a VGM Score of C.
Semtech oznámil plnou dostupnost ve výrobě svého portfolia pro mobilní transport, které umožňuje 50G fronthaul pro 5G-Advanced. Řešení se již dodává ve velkých objemech.
Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected Internet of Things (“IoT”) devices worldwide, today announced full production availability of its mobile transport portfolio enabling 50G fronthaul for the next wave of 5G-Advanced radio deployments. The announcement aligns with the industry’s transition to 50G optical interfaces, marked by Ericsson’s Mobile World Congress 2026-announced portfolio of AI-ready Massive Multiple-Input Multiple-Output (MIMO) and remote radios, and Nokia’s Doksuri Remote Radio Heads built on the latest ReefShark System on Chip (SoC) — each engineered to handle the surge in uplink traffic driven by multi-modal AI, augmented reality, and generative AI applications on mobile devices.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260920077196/en/
Now shipping in volume, Semtech’s mobile transport portfolio enables system vendors and operators to deploy the fronthaul architecture required by many of today's radio platforms.
Cloud-assisted AI applications are reshaping mobile traffic patterns. Industry forecasts, including those published by the Mobile Optical Pluggables Alliance (MOPA), point to a 3x–5x increase in uplink capacity requirements as devices offload heavy AI inference to the cloud. This shift lands hardest on the fronthaul, where the encoding overhead of uplink traffic leaves less headroom to grow, making 50G optics increasingly critical to fronthaul design.
“The optical layer is the foundation of the AI-era mobile network,” said Stefan Dahlfort, president of the Mobile Optical Pluggables Alliance (MOPA). “With operators and system vendors now committing to 50G fronthaul, the industry needs interoperable, high-volume silicon solutions ready today. Semtech’s portfolio supports MOPA's blueprints and the broader introduction of 5G-Advanced.”
“Bringing 50G optical modules to volume requires close partnership between module makers and silicon suppliers,” said Frank Chang, chief technology officer at Source Photonics. “Semtech's CDR and TIA portfolio gives us the flexibility and performance we need to deliver across the full range of fronthaul architectures our customers are deploying.”
“AI is rewriting the rules of mobile traffic, and the uplink is now one of the critical dimensions,” said Raza Khan, director of wireless marketing with Semtech's signal integrity products group. “With the industry’s latest radios moving to 50G interfaces, customers need a complete, qualified solution they can deploy today, not a roadmap promise. Semtech’s wireless portfolio enables the various architectures that the industry is building.”
Now shipping in volume, Semtech’s portfolio enables system vendors and operators to deploy the fronthaul architecture required by many of today's radio platforms:
10 km duplex links: GN2255 Clock and Data Recovery (CDR) paired with the GN1700TI Transimpedance Amplifier (TIA)15 km bidirectional (BiDi) links: GN2255S CDR paired with the GN1700TI TIAWavelength Division Multiplexing (WDM) and longer-reach architectures: GN2256 CDR paired with the GN1700TI TIABuilt on Semtech’s ClearEdge®, Tri-Edge™ and FiberEdge® product families, the portfolio enables 50G fronthaul deployments for 5G-Advanced today and is designed to scale toward 6G through 2030.
Semtech continues to work with module partners and system vendors across the ecosystem to support the transition to 5G-Advanced and, ultimately, 6G.
See Semtech at the European Conference on Optical Communication (ECOC) 2026, booth #2054, from Sept. 21–23 in Málaga, Spain.
About Semtech
Semtech Corporation (Nasdaq: SMTC) is a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected IoT devices worldwide. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X.
Semtech, the Semtech logo, ClearEdge, and FiberEdge are registered trademarks or service marks of Semtech Corporation or its subsidiaries, and Tri-Edge is a trademark or service mark of Semtech Corporation or its subsidiaries. All other trademarks, service marks and trade names mentioned in this press release are the property of their respective owners.
SMTC-P
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Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Semtech se připojil k XPO MSA, aby podpořil vývoj vysokorychlostních optických propojení pro AI infrastrukturu. Firma nabízí čipy 200G na linku pro transceivery XPO.
Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected Internet of Things (“IoT”) devices worldwide, today announced its membership in the eXtra-dense Pluggable Optics Multi-Source Agreement (XPO MSA), an industry initiative to enable high-bandwidth optical interconnects for AI network infrastructure. As a technology partner to the MSA, Semtech brings a broad portfolio of 200G/lane modulator driver and transimpedance amplifier (TIA) integrated circuits designed to support XPO transceiver development and volume deployment.
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Semtech’s 200G/lane modulator driver and TIA ICs accelerate the industry's transition to XPO for AI network infrastructure
AI infrastructure buildouts continue to demand higher network throughput and bandwidth density at lower power, driving the industry toward new transceiver form factors capable of meeting these requirements at scale. XPO addresses these demands in a groundbreaking new pluggable optical transceiver form factor with industry-leading faceplate density.
“AI requires datacom optics with the highest performance, speed and density, and the market is poised to rapidly shift to 200G/lane electrical solutions this year,” said Scott Wilkinson, lead analyst for optical components at Cignal AI. “As AI operators transition to these high-speed optics, demand will continue to rapidly expand from $9 billion at the start of the AI revolution in 2024 to an estimated $37 billion in 2026.”
“XPO represents an innovative and practical approach to addressing network density challenges while preserving the field-serviceability and configurability benefits of pluggable optics,” said Scott Schube, vice president of applications engineering and product definition at Semtech. “Semtech’s portfolio of high-performance modulator drivers and TIAs is designed to support the XPO ecosystem from early prototyping through volume deployment.”
Semtech’s 200G/lane Optical IC Portfolio for XPO
Semtech provides a broad portfolio of high-performance linear modulator driver and TIA ICs with low power, ultra-low latency and high density designed to support XPO transceiver applications.
Semtech’s XPO product family includes:
GN1834L and GN1834DL quad TIAs with 750mm channel pitchGN1838L and GN1838DL octal TIAs with 500mm channel pitchGN42T380 octal TIA with 375mm channel pitchTN1877 quad and TN1887 octal Mach-Zehnder Modulator (MZM) drivers with 625mm channel pitchGN42M380 octal MZM driver with 375mm channel pitchKey capabilities of the family include:
Multiple configurations for maximum module and PIC design flexibilityHigh linearity for best link integrityOn-chip equalization to seamlessly optimize performance over different electrical PCB and optical channels, and enable use of different opticsIntegrated telemetry features for rapid time-to-market and link analysis and tuningUltra-low latency optimized for high-density AI network switch and fabric applicationsHigh integration enabling compact transceiver designs consistent with XPO form factor requirementsAbout the XPO MSA
The XPO MSA is an industry initiative to define a new 12.8T high-density optical transceiver form factor for AI infrastructure. The current generation delivers 12.8T per module at 200G/lane using an integrated liquid-cooling design, with the MSA outlining a roadmap toward a future generation based on 400G/lane electrical interfaces. The MSA includes module, photonics and technology partners working to accelerate XPO development and deployment.
Semtech will demonstrate its high-speed driver and TIA solutions for XPO and other optical and copper interconnect applications at the European Conference on Optical Communication (ECOC) 2026, booth #2054, from Sept. 21–23 in Málaga, Spain.
About Semtech Corporation
Semtech Corporation (Nasdaq: SMTC) is a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected IoT devices worldwide. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X.
Semtech and the Semtech logo are registered trademarks or service marks of Semtech Corporation or its subsidiaries. All other trademarks, service marks and trade names mentioned in this press release are the property of their respective owners.
SMTC-P
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Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Semtech uvedl novou řadu 224G TIA a driverů pro architektury NPO a CPO v AI clusterech a hyperscale datových centrech. Cílí na vyšší hustotu pásma a nižší spotřebu energie.
New 224G TIA and driver portfolio targets NPO and CPO architectures for AI clusters and hyperscale data centers
CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected Internet of Things (“IoT”) devices worldwide, today introduced a family of 224G linear Transimpedance Amplifier (TIA) and driver solutions, designed to accelerate the deployment of Near-Packaged Optics (NPO) and Co-Packaged Optics (CPO) architectures for AI/ML clusters, hyperscale data centers and next-generation networking platforms.
As AI workloads continue to drive unprecedented demand for bandwidth and connectivity, traditional optical architectures face increasing challenges in power consumption, thermal management, signal integrity, and system density. By bringing high-performance optical interfaces closer to the switching and compute silicon, NPO and CPO architectures offer a path toward significantly higher bandwidth density and improved system-level efficiency.
“Near-packaged and co-packaged optics are entering their initial ramp in 2026, and the shift toward NPO and CPO architectures reflects a broader industry response to the power and scaling bottlenecks facing AI back-end networks,” said Sameh Boujelbene, vice president, data center switch and AI networks market research at Dell’Oro Group. “As hyperscalers move these architectures from trials to deployment, the underlying TIA and driver technology becomes a critical enabler of that transition.”
Designed for 224G Linear Optical Architectures
Semtech’s new products include the GN1838L and GN42T380, the industry’s first linear octal TIAs, and the GN42M380 linear octal Mach-Zehnder Modulator (MZM) driver, optimized for 1.6T, 3.2T, 6.4T, and 12.8T optical engines (OEs). The 224G TIA and driver portfolio optimizes for CEI-224G-Linear and Open CPX interfaces and linear architectures, with very strictly specified space and power dissipation requirements.
“AI infrastructure is fundamentally changing the requirements for optical connectivity,” said Amit Thakar, vice president, signal integrity product marketing at Semtech. “At 224G per lane, designers need more than bandwidth. They need signal integrity, power efficiency, flexibility, and system-level visibility. Our TIAs and driver solutions are purpose-built to give NPO and CPO developers the building blocks to scale optical I/O while addressing the power and density challenges of next-generation AI systems.”
Enabling NPO and CPO at Scale
The GN1838L TIA offers 500µm channel pitch and the GN42T380 offers a 375µm channel pitch, giving customers flexibility in OE design choices. These TIAs can be used in side-by-side configuration with the photonics integrated circuit (PIC) or placed directly on top of the PIC, giving customers maximum flexibility. Both TIAs include an Automatic Gain Control (AGC) stage and output driver featuring programmable Continuous Time Linear Equalization (CTLE) and support both Manual and Automatic Gain Control (MGC and AGC) modes. The bandwidth is optimized to achieve low peaking, low input referred noise (IRN), and good group delay with minimal distortion. The devices offer several programmable performance optimization features, including output equalization, and are designed to interface with a wide variety of optical input signals, while optimizing performance at the switch or ASIC input.
The GN42M380 driver offers 375µm channel pitch and supports a variety of modulators, including Silicon Photonics (SiPho), Indium Phosphide Mach-Zehnder Modulator (InP MZM) and Thin-Film Lithium Niobate (TFLN). The GN42M380 delivers low group delay and minimal Total Harmonic Distortion (THD), ensuring superior driver performance. Programmable Continuous Time Linear Equalization (CTLE) is included to help compensate for intersymbol interference (ISI) due to the input signal transmission path. It also offers flexible biasing, making it compatible with MZMs from various vendors. The driver output swing is configurable, and on-chip equalization enables precise tuning of electrical and optical performance.
The TIA and driver family integrates several diagnostics and performance tuning features that can be accessed through device pads and the I²C interface.
Availability
Contact Semtech for the availability of the GN1838L, GN42T380 and GN42M380 product family.
Customers and partners are invited to visit Semtech at Booth #11C52 during CIOE 2026, Sept. 9-11, in Shenzhen, China, to learn more about the portfolio and meet with Semtech’s technical experts.
Learn more at http://www.semtech.com/optical.
About Semtech
Semtech Corporation (Nasdaq: SMTC) is a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected IoT devices worldwide. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X.
Semtech and the Semtech logo are registered trademarks or service marks of Semtech Corporation or its subsidiaries. All other trademarks, service marks and trade names mentioned in this press release are the property of their respective owners.
By Thomas Richmond · Updated Aug 25, 4:53pm ET · Published Aug 25, 3:14pm ET
Live UpdatesNewest first
That wraps up our initial coverage of Semtech’s Q2 results. Thank you for stopping by!
Semtech just reported earnings, with shares initially up 2% following the report. Here are the key numbers:
Revenue: $341.9 million vs. prior guidance of approximately $328 million Adjusted EPS: $0.71 vs. prior guidance of approximately $0.61 Adjusted Gross Margin: 54.5% Adjusted Operating Margin: 24.4% Guidance:
Revenue: $410 million, plus or minus $5 million Adjusted EPS: $1.05, plus or minus $0.03 Adjusted Gross Margin: 58.3%, plus or minus 100 basis points Adjusted Operating Margin: 31.0%, plus or minus 60 basis points Quick Read:
Semtech delivered record quarterly revenue, growing 33% year over year and exceeding its previous guidance, while adjusted EPS also came in well ahead of its outlook.
Accelerating bookings and record backlog support another major revenue increase in Q3, alongside sharp gross-margin and operating-margin expansion.
Tonight’s Q2 earnings report matters less than the Q3 outlook. Management has been conservative, beating its own guide in every recent quarter: versus a Q1 guide, and similar beats in the prior two periods.
Investors want a Q3 revenue guidance meaningfully above with EPS north of , adjusted gross margin holding above , and confident commentary on the ramp, data center bookings, and capacity expansion.
A bullish guidance would reinforce CEO Hong Hou’s call for accelerating data center growth and could unlock the analyst target. An in-line guidance, softer Signal Integrity, or cautious 1.6T timing would validate last week’s pullback.
Bull Case Data center acceleration: Management targets in Q2, with layering onto 800G strength. Beat streak: Semtech has posted , and Polymarket assigns a probability to another. Analyst conviction: , with a average target. Bear Case High bar: Guidance implies revenue growth; any softness could disappoint. GAAP quality: FY26 included in goodwill impairments. Insider selling: Net direction is across recent transactions. Volatile reactions: Shares dropped last week despite the AI narrative.
Semtech heads into tonight’s fiscal second-quarter report guiding for $328 million in revenue and adjusted EPS of about $0.61.
FiberEdge 800G deployments and initial 1.6T shipments make this quarter a proving ground for the company’s data-center acceleration story.
Shares fell 8% last week despite remaining up 136.66% over the past year. With an average analyst price target of $201.38 and Polymarket traders pricing a 73.5% probability of an earnings beat, guidance will carry more weight than the headline results.
Confident commentary around second-half 1.6T demand, capacity, and margins could send Semtech stock higher tonight.
Live coverage has ended. The full story is below.
Full CoverageThe story so far
Semtech (NASDAQ:SMTC) is expected to report Q2 FY27 earnings today at 4:05 PM ET. The connectivity chipmaker has become one of the year’s biggest AI-adjacent winners, with the stock up 144% in the past year.
Momentum Meets Execution Risk Q1 FY27 posted record revenue of $291.00 million, up 16% year over year, with adjusted diluted EPS of $0.51, up 34%. Signal Integrity revenue surged to $102.00 million from $73.50 million a year earlier, and data-center net sales hit a record $71.6 million, up 39% year over year.
Adjusted operating margin expanded to 20.4% from 19.0%, and free cash flow reached $28.00 million. SMTC trades near $125.83, up 64.08% YTD, though it gave back 21.6% in the past week alone as the AI-connectivity trade cooled.
Consensus and Guidance Metric Q2 FY27 Guide (Mid) Implied YoY FY27 Prior-Year Anchor Revenue $328.0M +27% FY26 rev $1.05B Adj. EPS $0.61 +49% FY26 EPS $1.71 Adj. Gross Margin 54.0% +100 bps vs Q1 Semi GM 62.1% Adj. Op. Margin 21.9% +150 bps vs Q1 Q1 20.4% What I’m Watching Tonight: Capacity, 1.6T Ramps, and LoRa’s Second Act Tonight, I’ll be watching four main things:
First, 1.6T monetization. Management called 800G FiberEdge the foundation of data-center growth and telegraphed initial 1.6T FRO shipments in Q2, with CopperEdge 1.6T already flowing to a US hyperscaler. Analysts will be looking for granularity on 1.6T mix and LPO or LRO qualification progress. Second, capacity. Hong Hou framed the environment bluntly, saying “This is a time capacity is king,” and Semtech is working to double or triple capacity with foundry and OSAT partners. GaN chip demand currently exceeds supply by about 3x. Third, LoRa. Management is targeting an all-time high with greater than 15% sequential LoRa growth in Q2, positioning LoRa Plus as an Edge AI enabler across smart utilities, buildings, and asset tracking. Fourth, operating leverage and portfolio moves. Q1 SG&A fell 200 basis points to 15.1% of sales while R&D climbed to 17.6%. Investors will be watching how the revenue mix absorbs the 1.6T ramp and whether the cellular-module divestiture reaches signing. Earnings History Quarter EPS Surprise 1-Day Move 1-Week Move 30-Day Move Q1 FY27 +12.48% -4.41% +1.32% -8.94% Q4 FY26 +2.02% -11.00% -14.02% +15.10% Q3 FY26 +7.87% +2.33% +2.34% +5.54% Q2 FY26 +2.17% -1.00% -1.35% +7.24% On average, shares moved 2.69% seven days after earnings over the past year.
Contact [email protected] for any questions or corrections.
Thomas Richmond
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 250 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
He specializes in breaking down complex companies into clear, actionable insights for everyday investors, with a focus on fundamentals-driven research.
His work has also been featured on platforms including Seeking Alpha and Sure Dividend.
Outside of work, Thomas enjoys weight lifting and soccer.
Abercrombie & Fitch ve 2. čtvrtletí překonala odhady zisku i tržeb a zvýšila výhled na fiskální rok 2026 nad očekávání. Akcie ve středu vyskočily o 31,6 %.
U.S. stocks were mixed, with the Nasdaq Composite gaining around 0.1% on Wednesday.
Shares of Abercrombie & Fitch Co (NYSE:ANF) rose sharply after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates.
Abercrombie reported earnings of $4.17 per diluted share, beating the analyst consensus estimate of $1.99. Adjusted earnings rose from $2.32 per share a year earlier. Net sales increased 5% to $1.267 billion from $1.209 billion. That topped the $1.248 billion estimate and marked the company’s 15th consecutive quarter of sales growth. Comparable sales were flat.
Abercrombie raised its fiscal 2026 earnings forecast to $13.10 to $13.60 per share from $10.20 to $11. Analysts expect $10.71. The company now expects net sales of about $5.529 billion, above its previous range of $5.424 billion to $5.529 billion and the $5.464 billion estimate.
Abercrombie & Fitch shares jumped 31.6% to $143.40 on Wednesday.
Here are some other big stocks recording gains in today’s session.
Kanzhun Ltd (NASDAQ:BZ) shares surged 15.5% to $18.82. Kanzhun, on Tuesday, reported better-than-expected quarterly EPS results.Capricor Therapeutics Inc (NASDAQ:CAPR) gained 13% to $9.37.Semtech Corp (NASDAQ:SMTC) gained 12.1% to $142.99 after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.NIP Group Inc (NASDAQ:NIPG) gained 10.6% to $18.87.Zymeworks Inc (NASDAQ:ZYME) climbed 10.3% to $30.29. HC Wainwright & Co. analyst Robert Burns maintained the stock with a Buy and raised the price target from $51 to $55.Trending
Summit Therapeutics Inc (NASDAQ:SMMT) rose 9.4% to $14.62 after the company announced topline results from the randomized Phase III HARMONi-GI1 study met the key secondary endpoints of progression-free survival and objective response rate.TTM Technologies Inc (NASDAQ:TTMI) gained 9.3% to $122.80.Webtoon Entertainment Inc (NASDAQ:WBTN) gained 8.8% to $10.29.Acadia Healthcare Company Inc (NASDAQ:ACHC) shares surged 7.3% to $32.05.Comstock Resources Inc (NYSE:CRK) gained 6.5% to $15.09.Alignment Healthcare Inc (NASDAQ:ALHC) rose 6.1% to $14.42.American Eagle Outfitters Inc (NYSE:AEO) gained 5.3% to $17.62. AEO will report second quarter fiscal 2026 results on Sept. 9.Gap Inc (NYSE:GAP) gained 5% to $21.16. Gap will release quarterly earnings on Thursday, Aug. 27.Photo via Shutterstock
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Atreides Management LP acquired a new stake in Semtech Corporation (NASDAQ:SMTC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 551,214 shares of the semiconductor company’s stock, valued at approximately $89,214,000. Semtech comprises approximately 0.6% of Atreides Management LP’s holdings, making the stock its 21st largest position. Atreides Management LP owned approximately 0.59% of Semtech at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SMTC. Leonteq Securities AG increased its holdings in Semtech by 11.2% during the 1st quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 118 shares during the last quarter. Stephens Inc. AR raised its holdings in Semtech by 3.3% in the fourth quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock valued at $325,000 after acquiring an additional 142 shares in the last quarter. ABS Investment Management LLC bought a new position in Semtech during the 2nd quarter valued at $178,035,000. Captrust Financial Advisors boosted its stake in Semtech by 0.8% during the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock valued at $1,422,000 after acquiring an additional 162 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Semtech by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company’s stock worth $865,000 after acquiring an additional 177 shares in the last quarter.
Wall Street Analyst Weigh In A number of research firms recently commented on SMTC. Benchmark reiterated a “buy” rating on shares of Semtech in a research note on Thursday, August 20th. TD Cowen upped their price objective on Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research downgraded Semtech from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Oppenheimer set a $200.00 target price on Semtech in a research report on Wednesday, May 27th. Finally, B. Riley Financial lifted their target price on Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Fourteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.44.
Get Our Latest Report on Semtech Semtech Price Performance NASDAQ SMTC opened at $140.80 on Thursday. The company has a 50-day moving average price of $135.94 and a two-hundred day moving average price of $118.62. Semtech Corporation has a 52 week low of $55.18 and a 52 week high of $177.35. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 93.25 and a beta of 2.35. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86.
Semtech (NASDAQ:SMTC – Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The company had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.67 million. Semtech had a return on equity of 23.54% and a net margin of 13.11%.The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts forecast that Semtech Corporation will post 1.81 EPS for the current year.
Key Stories Impacting Semtech Here are the key news stories impacting Semtech this week:
Positive Sentiment: Quarterly results beat expectations. Fiscal Q2 revenue rose 32.7% year over year to $341.9 million, exceeding the $328.7 million consensus estimate, while adjusted EPS of $0.71 topped expectations near $0.61 and increased from $0.41 a year earlier. Semtech Announces Second Quarter of Fiscal Year 2027 Results Positive Sentiment: Outlook substantially exceeded consensus. Semtech forecast fiscal Q3 revenue of approximately $410 million, compared with analysts’ expectations of about $359 million, and adjusted diluted EPS of roughly $1.05 versus consensus near $0.69. The guidance implies continued sequential growth and supported the stock’s advance. Semtech Dumps Cellular Business to Double Down on Data Centers Positive Sentiment: Data-center momentum is strengthening. Management highlighted a 1.6-terabit data-center product ramp, record backlog and a 91% increase in data-center sales, benefiting from AI infrastructure demand. Capacity expansion and tight GaN supply could support additional growth. SMTC Q2 Earnings Call Spotlights 1.6T Data Center Growth Positive Sentiment: Analyst sentiment improved. Multiple analysts raised their price targets following the earnings report, while Needham and Susquehanna reiterated Buy ratings with targets of $200 and $200–$215. Increased call-option activity also reflects bullish near-term positioning. Analysts Revise Forecasts After Upbeat Q2 Results Neutral Sentiment: Semtech’s planned cellular-business divestiture is intended to concentrate resources on data centers and create a structural margin benefit, though execution and the timing of the portfolio transition remain important risks. Negative Sentiment: Some recent disclosures show substantial insider selling, with executives reporting sales but no purchases over the past six months. The company also continues to post a negative GAAP net margin, factors that may temper enthusiasm despite the stronger outlook. Insider Transactions at Semtech In other news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total value of $82,495.00. Following the completion of the transaction, the director owned 28,100 shares of the company’s stock, valued at approximately $4,636,219. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $133.00, for a total value of $266,000.00. Following the transaction, the chief executive officer directly owned 64,799 shares in the company, valued at $8,618,267. This trade represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,734 shares of company stock worth $3,133,986 over the last quarter. Insiders own 0.44% of the company’s stock.
Semtech Profile (Free Report)
Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.
A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.
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Archer Investment Corp ve 2. čtvrtletí koupila novou pozici v Semtech za zhruba 775 000 USD. Firma zároveň oznámila rekordní tržby ve výši 341,9 milionu USD a zisk na akcii (EPS) 0,71 USD, nad odhadem 0,61 USD.
Archer Investment Corp purchased a new position in Semtech Corporation (NASDAQ:SMTC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,786 shares of the semiconductor company’s stock, valued at approximately $775,000.
A number of other hedge funds have also recently bought and sold shares of the business. Andar Capital Management HK Ltd bought a new stake in shares of Semtech in the second quarter worth $162,000,000. BlackRock Inc. bought a new position in Semtech during the 2nd quarter valued at $1,577,947,000. Think Investments LP acquired a new position in Semtech during the 3rd quarter worth $58,618,000. Ameriprise Financial Inc. grew its holdings in Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after acquiring an additional 666,456 shares in the last quarter. Finally, Atreides Management LP bought a new stake in shares of Semtech in the 2nd quarter worth about $29,880,000.
Analysts Set New Price Targets Several analysts have weighed in on SMTC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Semtech in a research note on Thursday, June 18th. Susquehanna boosted their price objective on shares of Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, May 27th. Robert W. Baird increased their price objective on shares of Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley raised their target price on shares of Semtech from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Mizuho set a $225.00 target price on Semtech in a research note on Wednesday, May 27th. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Semtech presently has an average rating of “Moderate Buy” and a consensus target price of $204.71.
Get Our Latest Stock Report on Semtech Insider Buying and Selling at Semtech In other news, CFO Mark Lin sold 970 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total transaction of $145,897.70. Following the completion of the transaction, the chief financial officer owned 34,896 shares of the company’s stock, valued at approximately $5,248,707.36. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total value of $294,093.60. Following the sale, the executive vice president directly owned 8,611 shares in the company, valued at approximately $1,118,568.90. This trade represents a 20.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,734 shares of company stock valued at $3,133,986 in the last three months. Company insiders own 0.44% of the company’s stock.
Semtech News Summary Here are the key news stories impacting Semtech this week:
Positive Sentiment: Strong quarterly results: Semtech reported record sales of approximately $341.9 million, up about 33% year over year, while adjusted earnings of $0.71 per share exceeded the $0.61 consensus estimate. Net income reportedly expanded 89%. Why Semtech Stock Was Flying This Week Positive Sentiment: AI data-center momentum: Reports highlight roughly $100 million in AI data-center demand and identify connectivity as a potential bottleneck for AI infrastructure. This supports expectations for continued growth in Semtech’s analog and signal-integrity businesses. Analog Bets Pay Off: Semtech Shatters Records as AI Data Center Demand Hits $100M Positive Sentiment: Raised outlook and improving balance sheet: Coverage cites higher guidance, expanding margins, debt reduction, and expectations for stronger near-term growth. The company’s reported third-quarter fiscal 2027 EPS outlook is $1.02–$1.08. Semtech Stock Rallies on Strong Q2 Results and Raised Guidance Positive Sentiment: Analyst support: Northland Securities upgraded Semtech to Outperform with a $182 price target, while Needham reaffirmed its Buy rating. Other coverage points to a consensus target near $200, reinforcing the bullish narrative. Northland lifts Semtech rating Neutral Sentiment: New product opportunity: The LoRa Plus transceiver lineup could strengthen Semtech’s position in long-range IoT connectivity, although the financial contribution and adoption pace remain uncertain. What Does Semtech Gain From Its New LoRa Plus Transceivers? Negative Sentiment: Valuation and volatility risks: Semtech trades at a high earnings multiple, and its elevated beta makes the stock sensitive to profit-taking after a sharp advance. Unusually high trading volume indicates that investors are actively reassessing the shares following earnings. Semtech Sees Unusually-High Trading Volume After Strong Earnings Semtech Stock Performance Shares of SMTC opened at $131.17 on Friday. The company has a market capitalization of $12.24 billion, a PE ratio of 86.87 and a beta of 2.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.62. Semtech Corporation has a one year low of $55.18 and a one year high of $177.35. The company’s fifty day moving average price is $135.08 and its 200 day moving average price is $119.10.
Semtech (NASDAQ:SMTC – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The company had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. During the same period in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, analysts expect that Semtech Corporation will post 1.81 earnings per share for the current year.
About Semtech (Free Report)
Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.
A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.
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Semtech zveřejní výsledky za 2. čtvrtletí po uzavření trhu v úterý 25. srpna a analytici čekají EPS 61 centů při tržbách 328,64 milionu USD. Firma zároveň prodala mobilní modulový byznys Compal Electronics za 62 milionů USD v hotovosti.
Semtech Corporation (NASDAQ:SMTC) will release its second quarter earnings report after the closing bell on Tuesday, Aug. 25.
Analysts expect the Camarillo, California-based company to report quarterly earnings of 61 cents per share, up from 41 cents per share in the year-ago period. The consensus estimate for Semtech’s quarterly revenue is $328.64 million. It reported $257.6 million last year, according to Benzinga Pro.
On Aug. 13, Semtech agreed to sell its cellular module business to Compal Electronics for $62 million in cash.
Shares of Semtech fell 0.6% to close at $124.09 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
BMO Capital analyst Harsh Kumar initiated coverage on the stock with an Outperform rating and a price target of $155 on Aug. 21, 2026. This analyst has an accuracy rate of 86%. Needham analyst N. Quinn Bolton maintained a Buy with a price target of $200 on Aug. 14, 2026. This analyst has an accuracy rate of 81%. TD Cowen analyst Sean O’Loughlin maintained a Buy rating and raised the price target from $210 to $215 on June 22, 2026. This analyst has an accuracy rate of 72%. UBS analyst Timothy Arcuri maintained a Buy rating and boosted the price target from $165 to $225 on May 27, 2026. This analyst has an accuracy rate of 88%. B. Riley Securities analyst Craig Kennison maintained a Buy rating and raised the price target from $165 to $210 on May 27, 2026. This analyst has an accuracy rate of 58%. Trending
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Semtech čeká na výsledky za 2. fiskální čtvrtletí s tržbami 328 mil. USD, což by znamenalo meziroční růst o 27,5 %. Non-GAAP EPS má být 61 centů, tedy o 51 % více než před rokem.
Key Takeaways Semtech is set to report Q2 results, with revenues expected to rise 27.5% year over year.Data center demand, FiberEdge adoption and 1.6T architectures are expected to support SMTC's growth.LoRa deployments and premium handset content could boost Semtech's industrial and consumer businesses. Semtech Corporation (SMTC - Free Report) is scheduled to report second-quarter fiscal 2027 results on Aug. 25.
For the fiscal second quarter, Semtech anticipates revenues to be $328 million (+/- $5 million). The Zacks Consensus Estimate for revenues is pegged at $328.4 million, indicating a rise of 27.5% from the year-ago quarter.
SMTC expects non-GAAP earnings per share to be 61 cents (+/- 2 cents). The consensus mark for the same is pegged at 62 cents, unchanged over the past 60 days, indicating a year-over-year rise of 51%.
Factors to Consider for SMTC StockSemtech’s performance in the to-be-reported quarter is likely to have benefited from continued momentum across its infrastructure, industrial and high-end consumer end markets. The company’s data center business remains a key growth driver as demand for high-speed optical and copper interconnect solutions accelerates alongside the expansion of artificial intelligence infrastructure.
Increasing adoption of FiberEdge products and the transition to next-generation 1.6T architectures are expected to have supported growth in the to-be-reported quarter. The broader evaluation and deployment of CopperEdge solutions for active copper cable and onboard linear equalizer applications could have further strengthened the company’s data center opportunity.
LoRa is also expected to have remained an important contributor to Semtech’s industrial business. Broader deployments across utilities, smart buildings, smart cities and asset management are likely to have supported demand. The company’s efforts to expand LoRa into multi-protocol applications through LoRa Plus could have strengthened its addressable market, while growing design-win momentum and emerging consumer applications are expected to have provided additional support in the to-be-reported quarter.
Semtech’s high-end consumer business is likely to have benefited from increasing content per premium handset, continued gains in protection products and expanding sensing opportunities. Improving seasonal demand in the second quarter might have provided an additional tailwind. The company’s efforts to extend its protection franchise into power-delivery applications and to broaden its sensing portfolio are also expected to have supported growth.
Semtech’s optical roadmap might have benefited from the integration of HieFo, which expands its photonics capabilities for next-generation optical applications. Continued investment in coherent optics, co-packaged optics initiatives, LoRa and sensing is likely to have strengthened its long-term product pipeline.
What Our Proven Model Says for SMTC’s Q2 EarningsAccording to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Semtech has an Earnings ESP of 0.00% and carries a Zacks Rank #2 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some stocks you may want to consider in the broader Zacks Computer and Technology sector, as our model shows that these have the right combination of elements to post an earnings beat:
Dell Technologies (DELL - Free Report) has an Earnings ESP of +6.42% and sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies is slated to report second-quarter fiscal 2027 results on Sept. 1. The Zacks Consensus Estimate for DELL’s second-quarter earnings is pegged at $4.88 per share, down by a penny over the past 30 days, indicating a rise of 110.3% from the year-ago quarter’s reported figure.
Hewlett Packard Enterprise (HPE - Free Report) has an Earnings ESP of +9.96% and carries a Zacks Rank #2 at present.
Hewlett Packard is set to report third-quarter fiscal 2026 results on Sept. 2. The Zacks Consensus Estimate for HPE’s third-quarter earnings is pegged at 94 cents per share, up by a penny over the past 30 days, indicating a rise of 113.6% from the year-ago quarter’s reported figure.
Intuit (INTU - Free Report) has an Earnings ESP of +0.08% and carries a Zacks Rank #3 at present.
Intuit is set to report fourth-quarter fiscal 2026 results on Aug. 25. The Zacks Consensus Estimate for INTU’s fourth-quarter earnings is pegged at $3.59 per share, unchanged over the past 30 days, indicating a rise of 30.6% from the year-ago quarter’s reported figure.
