Semtech's Q1 Earnings Match Estimates, Revenues Increase Y/Y

Semtech Corporation (SMTC) reported first-quarter fiscal 2026 earnings, wherein the bottom line was in line with the Zacks Consensus Estimate and the top line surpassed the same. SMTC reported first-quarter non-GAAP earnings of 38 cents per share, which matched the Zacks Consensus Estimate. The bottom line exceeded management’s guidance of 37 cents per share and showed a robust improvement of more than sixfold from the year-ago quarter’s earnings of 6 cents.The company's impressive bottom-line performance d ...