Semtech Corporation's (SMTC) second-quarter fiscal 2025 non-GAAP earnings of 11 cents per share beat the Zacks Consensus Estimate by 10%. The bottom line declined 15.4% year over year. Net sales of $215.4 million surpassed the Zacks Consensus Estimate of $212.42 million. The figure declined 9.6% from the prior-year quarter's levels. However, SMTC provided positive guidance for third-quarter fiscal 2025. At the mid-point, it now expects growth in net sales, gross, operating and adjusted EBITDA margins. This ...

Semtech Corporation (NASDAQ:SMTC) Q2 2025 Earnings Conference Call August 27, 2024 5:00 PM ET Company Participants Mark Lin - Executive Vice President & Chief Financial Officer Hong Hou - President & Chief Executive Officer Conference Call Participants Quinn Bolton - Needham & Company Tore Svanberg - Stifel Christopher Rolland - Susquehanna Harsh Kumar - Piper Sandler Scott Searle - ROTH Capital Partners Craig Ellis - B. Riley Securities Gus Richard - Northland Capital Operator Greetings and welcome to the ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Sara Kesten Semtech Corporation (805) 480-2004 webir@semtech.com Semtech Announces Second Quarter of Fiscal Year 2025 Results • Net sales of $215.4 million, up 4% sequentially • GAAP gross margin of 49.0%, up 70 basis points sequentially and Non-GAAP gross margin of 50.4%, up 60 basis points sequentially • GAAP operating margin of 3.6%, up 210 basis points sequentially and Non-GAAP operating margin of 14.2%, up 200 basis points sequentially • GAAP diluted loss per ...

Wall Street analysts expect Semtech (SMTC) to post quarterly earnings of $0.10 per share in its upcoming report, which indicates a year-over-year decline of 9.1%. Revenues are expected to be $212.42 million, down 10.9% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone a downward revision of 3.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a ...

The period was almost a "throw a dart blindfolded and hit a successful stock" time for semiconductor businesses. A general recovery in semiconductor stocks and a positive analyst note was the one-two combination Semtech (SMTC 7.60%) stock needed to have a good week on the market. The company's share price was almost 19% higher week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. A change in semi sentiment The mid-summer period was hard on many semiconductor ...

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice. Here's What You May Not Know About Analysts' Price Targets The mean estimate comprises 10 short-term price targets with a standard deviation of $8.35. While the lowest estimate of $30 indicates a 17.4% decline from the current price lev ...

Semtech (SMTC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are ...

Summary Investment thesis Valuation SweetBunFactory Following my coverage on Semtech Corp. (NASDAQ:SMTC) in Sep'23, which I recommended a hold rating as there were 3 major uncertainties that I was not comfortable with, this post is to provide an update on my thoughts on the business and stock. I am upgrading my rating from hold to buy as I have gained confidence that the industry is turning around. Several pieces of evidence, such as comments from peers and forward-looking booking data, are supportive of th ...

Dublin, June 11, 2024 (GLOBE NEWSWIRE) -- The "Cellular and LPWA IoT Device Ecosystems - 8th Edition" report has been added to ResearchAndMarkets.com's offering. The Internet of Things is weaving a new worldwide web of interconnected objects. By the end of 2023, about 3.8 billion devices were connected to wide area networks based on cellular or LPWA technologies. The market is highly diverse and divided into multiple ecosystems. This research forecasts that annual shipments of cellular and non-3GPP LPWA IoT ...

Not all Semtech's news was bad last night -- but it wasn't nearly as great as you may have heard. Semtech (SMTC 0.16%) investors were all set for a banner day. Last night, the maker of semiconductors for Internet-of-Things applications announced its results for the first quarter of fiscal year 2025, ended April 28. The results included a stunning $0.06-per-share profit where analysts had predicted no profit at all, and reported $206.1 million in sales where the Street was expecting only $200.2 million. Shar ...