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Semtech outlines over 50% data center revenue growth for FY 2027 amid data center, LoRa, and acquisition momentum (NASDAQ:SMTC)
Seeking Alpha· 2026-03-17 01:52
Core Insights - Semtech Corporation reported record net sales of $1.05 billion for fiscal year 2026, indicating strong sequential and year-over-year revenue and earnings growth [2] Group 1: Financial Performance - The company achieved over 50% growth in data center revenue for FY 2027, driven by momentum in data center, LoRa technology, and acquisitions [2] - Management emphasized portfolio optimization and targeted R&D as key factors contributing to the financial success [2]