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].

Core Viewpoint - Semtech Corporation has announced a new 2.5G symmetric Fiber to the Room (FTTR) chipset aimed at enhancing global Passive Optical Network (PON) deployments, addressing cost and performance challenges in the FTTR market as it anticipates significant growth [1] Company Summary - Semtech Corporation is a leading provider of high-performance semiconductor solutions, Internet of Things (IoT) systems, and cloud connectivity services [1] Industry Summary - The FTTR market is preparing for substantial growth, and the new chipset is designed to meet critical cost and performance challenges associated with this expansion [1]

Core Insights - Semtech Corporation has introduced two new FiberEdge transimpedance amplifiers (TIAs), the GN1834D and GN1818, aimed at enhancing power efficiency in AI data centers and supporting the transition to 1.6T optical interconnects [1][2][4] Product Overview - The GN1834D is designed for the emerging 1.6T optical interconnect market, enabling 8x200G optical modules and providing advanced performance with innovative 2.5D mounting technology [4][6] - The GN1818 focuses on optimizing power efficiency for existing 800G infrastructure, achieving up to 20% power reduction compared to alternatives while maintaining high performance [5][6] Market Context - The demand for high-speed optical interconnects is driven by the exponential growth of AI workloads, with the high-speed datacom transceiver market projected to grow from approximately $9 billion in 2024 to over $17 billion by 2026 [3] - As operators transition to 1.6T optics, Semtech's comprehensive 200G TIA portfolio provides the necessary performance and design flexibility for next-generation optical modules [3][6] Strategic Advantages - Semtech's broad portfolio allows for customer standardization across diverse connectivity requirements, enhancing supply chain efficiency and enabling module manufacturers to optimize designs for specific applications [6][8] - The company's approach to power efficiency and performance positions it as a leader in the emerging 1.6T market, catering to the strict power budgets demanded by AI workloads [2][3][6]

Core Viewpoint - Semtech has launched the new LoRa Plus™ series chip LR2021 at the IOTE 2025 International IoT Exhibition, marking the entry of LoRa technology into its fourth generation, which enhances low-power long-range transmission, multi-protocol compatibility, high-speed data transmission, and AI edge applications, redefining the boundaries of IoT connectivity [2][16]. Technical Features - The LR2021 chip integrates Semtech's fourth-generation LoRa technology, achieving multi-dimensional breakthroughs and providing robust support for IoT connectivity across various scenarios, including ground and non-ground networks [3]. - It supports multiple physical layer compatibilities and can integrate third-party protocol stacks, allowing it to adapt to various low-power wireless protocols, significantly simplifying the development process for IoT devices [7]. - The chip supports high-speed communication modes up to 2.6 Mbps and various modulation methods, catering to different data transmission needs from low-speed sensor data to high-speed audio and image transmission [7][8]. Performance Advantages - The LR2021 balances power consumption and data rate, making it suitable for AI-driven edge devices that require long-term stable operation and fast data transmission [9]. - Its low power consumption allows devices to operate for years on small batteries, reducing maintenance costs, while maintaining efficiency even during high-speed data transmission [9][10]. - The chip maintains backward compatibility with previous LoRa devices, allowing for seamless integration into existing systems without incurring high replacement costs [10]. Application Scenarios - Semtech has developed scenario-based solutions around the LR2021, focusing on key areas such as industrial IoT, supply chain, satellite IoT communication, agriculture, environmental monitoring, healthcare, and smart buildings [13]. - In industrial IoT, the chip's multi-protocol support and high-speed transmission capabilities enhance data interoperability among devices using different protocols [13]. - The LR2021 supports satellite communication, enabling real-time data transmission in remote areas, ensuring data continuity even without ground network coverage [14]. Redefining Connectivity - The introduction of the LR2021 chip signifies a shift from traditional LPWAN technology to a more integrated IoT connectivity solution, breaking down barriers between different protocols and enabling cross-industry innovation [16][17]. - It achieves full spatial coverage from ground to satellite, eliminating connectivity blind spots and supporting both low-speed and high-speed data transmission [16]. - The chip's capabilities foster an integrated IoT ecosystem, reducing application costs for enterprises and promoting data sharing across different industries [17].