Added to YB: 2026-08-28
Pitch date: 2026-08-26
SMTC [neutral]
Semtech Corporation
-4.67%
current return
Author Info
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Company Info
Semtech Corporation provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.
Market Cap
$13.1B
Pitch Price
$149.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
70.07
P/E
86.63
EV/Sales
11.46
Sector
Semiconductors and Semiconductor Equipment
Category
growth
$SMTC Blow Out Earnings Debrief
SMTC (earnings): Semtech exceeded high expectations: Q2 revenue of $341.9m, $0.71 adjusted EPS and 54.5% adjusted gross margin surpassed prior guidance of $328m, $0.61 and 54%. Data-center revenue hit $100m, up 39% sequentially and 91% year over year, and is guided to rise 45% to about $145m in Q3. Total Q3 guidance is $410m revenue, 58.3% adjusted gross margin, 31% adjusted operating margin and $1.05 adjusted EPS; 1.6T FiberEdge should contribute meaningfully in Q3, although capacity could fall short in second-half FY28.
Read full article (3 min)