Core Viewpoint - Semtech Corporation (SMTC) is expected to report strong fiscal third-quarter results, with anticipated revenues of $233 million, reflecting a 15.8% increase year-over-year, and non-GAAP earnings per share projected at 23 cents, a significant improvement from 2 cents in the same quarter last year [1][2]. Revenue Expectations - Semtech forecasts revenues of $233 million (+/- 5 million) for the fiscal third quarter, with the Zacks Consensus Estimate at $232.6 million [1]. - This represents a year-over-year revenue growth of 15.8% [1]. Earnings Projections - The company anticipates non-GAAP earnings per share of 23 cents (+/- 3 cents), while the consensus estimate is 24 cents, indicating a substantial increase from last year's earnings of 2 cents [2]. - Semtech has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 34% [2]. Market Performance Factors - The fiscal third-quarter performance is expected to benefit from strong demand in infrastructure and high-end consumer markets, as well as growth in the wireless end-market driven by 5G offerings and distribution expansion in Canada [4]. - Strong momentum in Signal Integrity and Analog Mixed Signal & Wireless product lines is anticipated to contribute positively, alongside the growing adoption of artificial intelligence [5]. - Increased traction in hyperscale data center applications, particularly from Tri-Edge and FiberEdge products, is expected to aid performance [6]. Product-Specific Contributions - Robust demand for passive optical network (PON) products is likely to continue driving revenue growth, with new product launches such as PON-X solutions and 2.5G devices contributing to strong performance [7]. - The rising demand for LoRa devices and LoRaWAN standards is expected to positively impact top-line growth, particularly with new reference designs targeting smaller-scale network deployments [8]. Challenges - Macroeconomic challenges, including persistent inflation and high interest rates, may pose risks to the company's performance in the fiscal third quarter [9]. - Additionally, tensions between the United States and China, along with softness in the industrial end-market and connectivity segment, are expected to be significant challenges [9]. Earnings Model Insights - According to the Zacks model, Semtech currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), indicating that the odds of an earnings beat are not favorable at this time [10].

Analysts on Wall Street project that Semtech (SMTC) will announce quarterly earnings of $0.24 per share in its forthcoming report, representing an increase of 1100% year over year. Revenues are projected to reach $232.59 million, increasing 15.8% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company ...

Semtech Corporation (SMTC) shares hit a 52-week high of $48.24 on Wednesday and eventually closed at $47.47, up 116.6% year to date (YTD). Shares have outperformed the broader Zacks Computer & Technology sector's return of 23.1%. SMTC shares have also outperformed the Zacks Semiconductor – Analog and Mixed industry, as well as peers like Monolithic Power Systems (MPWR) , MACOM Technology Solutions (MTSI) and Analog Devices (ADI) in the same time frame. Shares of Monolithic Power Systems, MACOM Technology So ...

It has been about a month since the last earnings report for Semtech (SMTC) . Shares have added about 11.9% 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? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Semtech's Q2 Earnings Beat, Sales Dip Y/Y Semtech C ...

Semtech's (SMTC) expanding portfolio offerings for the infrastructure end market bode well for its prospects. Through its Signal Integrity product group, SMTC offers optical and copper module ICs that support up to 1.6 Tb/s for Ethernet, Fibre Channel protocols in data center and broadband access applications as well as 4G, 5G and LTE applications for the infrastructure end market. In the first half of fiscal 2025, revenues from the infrastructure end market accounted for roughly 26% of revenues, which jump ...

Semtech (SMTC) shares have surged 93.8% year to date (YTD), outperforming the broader Zacks Computer and Technology sector's return of 19.4% and Zacks Semi-Analog & Mixed industry's appreciation of 4%. This phenomenal share price movement has been driven by solid performance across the Signal Integrity and Analog Mixed Signal & Wireless product lines. Strength in the LoRa technology was a plus. In the first half of fiscal 2025, net sales were $421.5 million, down 11.3% from the first half of fiscal 2024 due ...

In a market led by chip stocks, the Magnificent Seven, and AI, it's natural to want to find what might be the next big name in technology. Semtech NASDAQ: SMTC is a small to mid-cap firm in the semiconductor industry that specifically focuses on the Internet of Things (IoT) part of the market. Its shares have appreciated greatly in 2024, up 83%. Meanwhile, the Invesco PHLX Semiconductor ETF NASDAQ: SOXQ, a barometer for the industry, has returned around 9% this year. Get Semtech alerts: So, what are Semtech ...

Semtech (SMTC) reported $215.36 million in revenue for the quarter ended July 2024, representing a yearover-year decline of 9.7%. EPS of $0.11 for the same period compares to $0.11 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $212.42 million, representing a surprise of +1.38%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.10. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

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 ...

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 ...