Core Viewpoint - Semtech Corporation (SMTC) is expected to report strong fiscal fourth-quarter results, with anticipated revenues of $250 million, reflecting a 28.48% increase year-over-year, and a non-GAAP earnings per share of 32 cents, a significant improvement from a loss of 6 cents in the same quarter last year [1][2]. Revenue Expectations - Semtech forecasts revenues for the fiscal fourth quarter to be around $250 million, with a margin of error of +/- $5 million, compared to the Zacks Consensus Estimate of $247.91 million [1]. - The expected revenue represents a year-over-year increase of 28.48% [1]. Earnings Projections - The anticipated non-GAAP earnings per share is 32 cents, which aligns with the consensus estimate and marks a recovery from a loss of 6 cents in the previous year [2]. Market Performance Drivers - The fiscal fourth-quarter performance is likely 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 [3]. - The launch of cost-optimized 5G solutions, such as EM9492 and EM9295 modules, is expected to enhance adoption among telecom carriers [3]. - Increased compliance with various certifications for 5G modules is anticipated to further boost adoption among global networking carriers [3]. Product Line Contributions - Strong momentum in Signal Integrity and Analog Mixed Signal & Wireless product lines is expected to positively impact performance [4]. - The demand for Tri-Edge and FiberEdge transimpedance amplifier products in hyperscale data center applications is also projected to aid performance [5]. - The growing demand for LoRa devices and LoRaWAN standards is expected to contribute positively to revenue growth, particularly with new reference designs targeting smaller-scale deployments [6]. Challenges - Macroeconomic challenges, including inflation and high interest rates, may pose difficulties for the company in the fiscal fourth quarter [7]. - Concerns regarding escalating tensions between the United States and China, along with softness in the industrial end-market and Connectivity segment, are expected to negatively impact results [7]. Earnings Model Insights - According to the Zacks model, Semtech currently has an Earnings ESP of -8.42% and a Zacks Rank of 3, indicating a lower likelihood of an earnings beat [8].

Core Viewpoint - A lawsuit has been filed against Semtech Corp. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about their CopperEdge products [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, titled Kleovoulos v. Semtech Corporation, et al., No. 25-cv-1474 [2]. - Investors have until April 22, 2025, to request to lead the case [2]. Group 2: Allegations Against Semtech - The complaint alleges that Semtech misrepresented the capabilities of its CopperEdge products, which were claimed to meet the needs of service rack customers but actually required architecture changes [3]. Group 3: Stock Performance Impact - Following the announcement on February 7, 2025, that CopperEdge's fiscal year 2026 net sales would be lower than the $50 million floor case scenario, Semtech's stock price dropped over 31%, from $54.51 to $37.60 per share [4][5]. - This decline marked the largest single-day drop for Semtech stock in nearly 40 years [5].

SAN DIEGO, March 10, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Semtech Corporation (NASDAQ: SMTC) securities between August 27, 2024 and February 7, 2025, inclusive (the "Class Period"), have until Tuesday, April 22, 2025 to seek appointment as lead plaintiff of the Semtech class action lawsuit. Captioned Kleovoulos v. Semtech Corporation, No. 25-cv-01474 (C.D. Cal.), the Semtech class action lawsuit charges Semtech and certain of Semtech ...

NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Semtech Corporation ("Semtech Corporation" or the "Company") (NASDAQ: SMTC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Semtech Corporation investors who were adversely affected by alleged securities fraud between August 27, 2024 and February 7, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra- ...

NEW YORK, March 7, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Semtech Corporation ("Semtech Corporation" or the "Company") (NASDAQ: SMTC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Semtech Corporation investors who were adversely affected by alleged securities fraud between August 27, 2024 and February 7, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/semte ...

RADNOR, Pa., March 6, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against Semtech Corporation ("Semtech") (NASDAQ: SMTC) on behalf of those who purchased or otherwise acquired Semtech securities between August 27, 2024, and February 7, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 22, 2025.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered Semtech losses, yo ...

Core Points - A securities class action lawsuit has been filed against Semtech Corporation for the period between August 27, 2024, and February 7, 2025 [1] - Investors who purchased Semtech securities during the class period have until April 22, 2025, to seek appointment as lead plaintiff [2] - Semtech's CopperEdge sales are expected to be lower than the previously estimated floor case of $50 million due to changes in rack architecture [3] - Following the announcement regarding CopperEdge sales, Semtech's stock price dropped by $16.91, or 31%, closing at $37.60 per share on February 10, 2025 [3] Company Overview - Semtech Corporation is headquartered in Camarillo, California, and operates in the semiconductor, digital systems, and cloud connectivity sectors [2] - The company's product portfolio includes CopperEdge products, which are utilized in active copper cables [2] Legal Context - The lead plaintiff in a class action lawsuit represents all class members and is typically the investor or group of investors with the largest financial interest [4] - Berger Montague, the firm advising investors, has a long history in securities class action litigation and has represented investors for over five decades [5]

Wall Street expects a year-over-year increase in earnings on higher revenues when Semtech (SMTC) reports results for the quarter ended January 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on March 13, 2025, might help the stock move higher if these key numbers are better than expecta ...

NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Semtech Corp. (NASDAQ: SMTC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Semtech, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/semtech-corp. Investors have until April 22, 2025, to ask the Court to be appointed to lead the ...

NEW YORK, March 6, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Semtech Corporation (NASDAQ: SMTC).Shareholders who purchased shares of SMTC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/semtech-corporation-loss-submission-form/?id=134061&from=4CLASS PERIOD: August 27, 20 ...