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Semtech Corp. (SMTC)
NASDAQ:SMTC
Earnings Data
Report Date
Aug 27, 2025TBA Not Confirmed
Period Ending
2026 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 27, 2025
|% Change Since: 8.07%
|Next Earnings Date:Aug 27, 2025
Earnings Call Sentiment|Positive
Semtech demonstrated strong revenue growth and improved financial metrics, driven by significant gains in the data center and infrastructure segments. However, there are challenges in the IoT systems hardware and consumer markets, as well as a temporary demand gap in CopperEdge. Despite these issues, the overall outlook remains positive with a focus on growth in key areas.Company Guidance
During the Semtech Corporation's First Quarter Fiscal Year 2026 Earnings Conference Call, the company reported strong financial performance with net sales of $251.1 million, reflecting a 22% year-over-year increase. Key metrics highlighted included an adjusted gross margin of 53.5%, which rose by 30 basis points sequentially and 370 basis points year-over-year. Adjusted operating margin was 19%, a significant improvement of 680 basis points year-over-year. In terms of specific market performance, Infrastructure net sales reached $72.8 million, marking a 5% sequential and 30% year-over-year growth, while Data Center sales hit a record $51.6 million, up 3% sequentially and 143% year-over-year. The company also projected continued growth, expecting second-quarter net sales to reach $256 million, with a gross margin of 53.0%, plus or minus 50 basis points.Record Net Sales
Semtech's Q1 net sales reached a record $251.1 million, up 22% year-over-year, surpassing the midpoint of the company's outlook.
Strong Data Center Growth
Data center net sales were $51.6 million, up 3% sequentially and 143% year-over-year, indicating this segment as a sustainable growth driver.
Infrastructure Market Performance
Infrastructure net sales were $72.8 million, up 5% sequentially and 30% year-over-year, showing solid performance in this segment.
LoRa Technology Growth
LoRa enabled solutions net sales were $38.9 million, up 5% sequentially and 81% year-over-year, with strong demand supporting new product launches and deployments.
Improved Financial Metrics
Adjusted gross margin was 53.5%, up 370 basis points year-over-year, and adjusted operating margin was 19%, up 680 basis points year-over-year.
Debt Reduction and Financial Strength
Net debt decreased by $14.8 million to $396.2 million with an adjusted net leverage ratio below 2, reflecting strong business performance and debt reduction.
SMTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SMTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 27, 2025 | $38.78 | $37.01 | -4.56% |
Mar 13, 2025 | $32.71 | $39.60 | +21.06% |
Nov 25, 2024 | $53.44 | $63.11 | +18.10% |
Aug 27, 2024 | $38.16 | $42.43 | +11.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Semtech Corp. (SMTC) report earnings?
Semtech Corp. (SMTC) is schdueled to report earning on Aug 27, 2025, TBA Not Confirmed.
What is Semtech Corp. (SMTC) earnings time?
Semtech Corp. (SMTC) earnings time is at Aug 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMTC EPS forecast?
SMTC EPS forecast for the fiscal quarter 2026 (Q2) is 0.4.
