Core Viewpoint - Johnson Fistel, PLLP is investigating potential legal claims on behalf of Semtech Corporation shareholders regarding alleged misconduct by certain officers and directors that may have harmed the company and its investors [1] Summary by Relevant Sections Legal Investigation - The investigation focuses on potential legal claims for Semtech Corporation shareholders who held shares continuously since before October 10, 2024 [1] - A shareholder class action complaint has been filed against Semtech, alleging that the company made materially false and misleading statements and failed to disclose adverse facts about its business and operations [1] Allegations Against Semtech - The complaint specifically alleges that: 1. Semtech's CopperEdge products did not meet the needs of server rack customers or end users [1] 2. Changes in rack architecture were required for the CopperEdge products [1] 3. Sales of CopperEdge products would not ramp up during fiscal 2026 [1] 4. Sales of CopperEdge products would be lower than expected [1] 5. Positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [1]

Core Insights - Semtech Corporation (SMTC) has introduced two new transceivers, the LR2022 and LR2012, expanding its LoRa Gen 4 family to enhance its offerings for Internet of Things (IoT) applications [1][10] - The LoRa Gen 4 technology achieves data rates of up to 2.6 Mbps while maintaining high power efficiency and coverage, enabling new use cases such as AI-driven cameras and drone systems [2] - The LR2022 supports both sub-GHz and 2.4GHz bands, while the LR2012 focuses on sub-GHz performance with a sensitivity of -142 dBm, catering to various IoT system needs [3] - All LoRa Gen 4 devices are backward compatible with over 450 million existing LoRa units, ensuring a smooth transition for enterprises and protecting prior investments [4] Product Rollout Timeline - The LR2021 will enter production in October 2025, followed by the LR2022 in early 2026 and the LR2012 in mid-2026 [5] Competitive Landscape - Semtech operates in a competitive semiconductor market with rivals such as Texas Instruments (TXN), Silicon Laboratories (SLAB), and Analog Devices (ADI) targeting growth in IoT and wireless connectivity [6] - Texas Instruments offers a wide range of wireless connectivity chips and is a direct competitor in low power and cost-efficient markets [7] - Silicon Laboratories specializes in microcontrollers and wireless SoCs, emphasizing protocol diversity and easy integration, making it a strong rival in consumer and smart home IoT applications [8] - Analog Devices competes in analog and mixed-signal solutions, with capabilities in power management and connectivity, while Semtech differentiates itself with its focus on LoRa technology for long-range, low-power IoT applications [9]

Core Viewpoint - Semtech Corp. has underperformed in the data center stock sector in 2025, despite a slight year-to-date increase of approximately 1.8% in its stock price, lagging behind the broader market and industry peers [1] Group 1: Analyst Ratings and Growth Potential - Baird analyst Tristan Gerra has reiterated a Buy rating on Semtech with a price target of $70, citing several growth areas the company is pursuing [2] - The LoRa segment of Semtech is projected to grow over 20% in 2026, driven by new applications in security and retail, which could lead to market expansion and increased adoption [3] - Partnerships with major U.S. cloud providers on linear pluggable optics (LPOs) present significant pricing potential and could enhance profit margins [4] Group 2: Strategic Developments - Recent design wins with AEC and opportunities in ACC are expected to strengthen Semtech's long-term outlook [4] - Progress in AI infrastructure is identified as another key growth driver for the company [3]

Semtech (NASDAQ:SMTC) shares jumped nearly 5.5% during early trading hours on Tuesday as Oppenheimer upgraded the semiconductor firm to Outperform from Perform. Oppenheimer set a price target of $81, stating that Active Copper Cable (ACC) adoption to accelerate beginning in F4Q. ...

Upgrades Summary - Morgan Stanley upgraded Celsius Holdings (CELH) to Overweight from Equal Weight with a price target of $70, up from $61, citing a return to growth and expected reacceleration in topline growth due to easier comparisons from December through early June [2] - UBS upgraded FIS (FIS) to Buy from Neutral with an unchanged price target of $82, believing the risk/reward profile has improved as shares are down 20% year-to-date [2] - Oppenheimer upgraded Semtech (SMTC) to Outperform from Perform with a price target of $81, following positive management meetings and a bullish outlook on growth opportunities in data center artificial intelligence [2] - BofA upgraded Freeport-McMoRan (FCX) to Buy from Neutral with an unchanged price target of $42, expressing increased confidence in the current valuation despite risks associated with the halted Grasberg copper/gold mine in Indonesia [2] - Maxim upgraded Adial Pharmaceuticals (ADIL) to Buy from Hold with a price target of $1.50, reflecting a more bullish stance on the company [2]

Core Insights - POET Technologies and Semtech Corporation have announced the immediate availability of high-performance 1.6T Receiver Optical Engines for AI and cloud networks, leveraging POET's Optical Interposer platform and Semtech's FiberEdge technology [1][2][3] Group 1: Product Development - The new optical engine products integrate Semtech's 200G-per-lane receiver technologies with POET's Optical Interposer, resulting in chip-scale receive engines that enhance performance and simplify module assembly [2][3] - The optical engines include DR8 for short-reach AI cluster links and 2×FR4 for longer-reach intra-datacenter connectivity, both available for customer sampling [2][4] Group 2: Market Impact - The collaboration is expected to significantly impact the transceiver offerings of customers, enhancing their ability to meet the demanding requirements of AI and cloud networks [3] - The integration of technologies aims to address signal integrity challenges while delivering exceptional sensitivity and power in the new receiver engines [3][7] Group 3: Company Background - POET Technologies specializes in high-speed optical modules and light source products for AI systems and hyperscale data centers, utilizing its patented Optical Interposer platform for seamless integration of electronic and photonic devices [5] - Semtech Corporation is recognized for its high-performance semiconductor solutions, focusing on IoT systems and cloud connectivity, and is committed to enabling smarter and more connected technologies [8]

COPENHAGEN, Denmark & CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions, today announced the sampling of critical physical medium dependent (PMD) building blocks that establish new performance standards for 1.6T multimode optical infrastructure in AI data centers. The FiberEdge® GN1878 200G per channel vertical-cavity surface-emitting laser (VCSEL. ...

Core Viewpoint - Semtech Corporation reported strong second-quarter fiscal 2026 earnings, exceeding estimates and demonstrating significant year-over-year growth in revenues and earnings per share [3][5]. Financial Performance - Semtech's Q2 non-GAAP earnings were 41 cents per share, beating the Zacks Consensus Estimate by a penny and reflecting a more than threefold increase from 11 cents in the same quarter last year [3]. - Revenues for Q2 reached $257.6 million, surpassing the Zacks Consensus Estimate by 0.6% and showing a 20% year-over-year increase [5]. Revenue Breakdown - Infrastructure market sales totaled $73.4 million, accounting for 28.5% of net sales, with a year-over-year growth of 38.8% driven by demand for data centers [6]. - Industrial market sales were $143 million, representing 55.5% of net sales, up 14.1% year over year [6]. - High-end consumer market sales reached $41.2 million, making up 16% of net sales, with an 11.1% year-over-year increase [7]. Product Line Performance - Signal Integrity sales were $76.8 million, up 29.3% year over year [8]. - Analog Mixed Signal & Wireless sales amounted to $92 million, reflecting a 16% year-over-year increase [8]. - IoT System and Connectivity sales totaled $88.8 million, also up 16% year over year [8]. Margin Analysis - Non-GAAP gross margin expanded to 53.2%, a 280 basis point increase year over year [9]. - Non-GAAP operating income surged 59.3% year over year to $48.6 million, with the operating margin improving to 18.8% from 14.2% in the previous year [9]. Balance Sheet and Cash Flow - As of July 26, 2025, cash and cash equivalents were $168.6 million, up from $156.5 million in the previous quarter [11]. - Long-term debt decreased to $518.9 million from $542.6 million [11]. - Operating cash flow for Q2 was $44.4 million, with free cash flow at $41.5 million [11]. Future Guidance - For Q3, Semtech expects net sales of $266 million (+/- $5 million), with growth anticipated in the infrastructure end-market driven by data center demand [12]. - Non-GAAP gross margin is projected at 53% (+/- 50 bps), and non-GAAP earnings are expected to be 44 cents (+/- 3 cents) per share [13]. Market Sentiment - Since the earnings release, there has been an upward trend in estimates, with a consensus estimate shift of -13.45% [14]. - Semtech holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [16].

Core Insights - Semtech Corporation has announced the launch of two new LoRa Gen 4 transceivers, the LR2022 dual-band and LR2012 sub-GHz, which enhance the capabilities of the existing LR2021 model [1] Company Overview - Semtech Corporation is recognized as a leading provider of high-performance semiconductor solutions, Internet of Things (IoT) systems, and cloud connectivity services [1] Product Development - The new transceivers are designed to offer cost-optimized and application-specific solutions, allowing customers to utilize the advanced performance of fourth-generation LoRa technology [1]

Core Viewpoint - A lawsuit is pending against Semtech Corporation (NASDAQ: SMTC) for alleged violations of securities laws, primarily related to the company's CopperEdge products not meeting customer needs, which could impact sales forecasts for fiscal 2026 [2][3]. Group 1: Lawsuit Details - The lawsuit was initiated by an investor on February 20, 2025, claiming that Semtech Corporation failed to disclose critical information regarding its CopperEdge products [2]. - Allegations include that the CopperEdge products required specific rack architecture changes and would not achieve expected sales growth during fiscal 2026, leading to misleading positive statements from the company [2]. - A consolidated complaint was filed on July 14, 2025, and the defendants submitted a motion to dismiss the case on August 11, 2025 [3]. Group 2: Investor Information - Investors who purchased shares of Semtech Corporation prior to August 2024 and continue to hold them are encouraged to contact the Shareholders Foundation for options regarding the lawsuit [1][3].