Core Insights - Semtech Corporation (SMTC) reported better-than-expected results for Q2 fiscal 2026, with non-GAAP earnings of 41 cents per share, exceeding the Zacks Consensus Estimate by a penny and reflecting a significant increase from 11 cents in the same quarter last year [1][9] - The company's revenue for Q2 fiscal 2026 was $257.6 million, surpassing the Zacks Consensus Estimate by 0.6% and showing a 20% year-over-year growth, driven by strong performance in data centers and other end markets [3][9] Revenue Performance - Q2 revenues were supported by substantial growth across various end markets, with infrastructure market sales reaching $73.4 million (28.5% of net sales), up 38.8% year-over-year, primarily due to demand for data centers [4] - Industrial market sales amounted to $143 million (55.5% of net sales), reflecting a 14.1% increase year-over-year, while high-end consumer market sales totaled $41.2 million (16% of net sales), up 11.1% year-over-year [4][5] Product Line Performance - Sales from Signal Integrity, which accounted for 29.8% of net sales, totaled $76.8 million, marking a 29.3% year-over-year increase [6] - Analog Mixed Signal & Wireless sales reached $92 million (35.7% of net sales), up 16% year-over-year, while IoT System and Connectivity sales totaled $88.8 million (34.5% of net sales), also up 16% year-over-year [6] Margin and Operating Performance - Non-GAAP gross margin improved to 53.2%, expanding 280 basis points year-over-year, while adjusted operating expenses were $88.4 million, reflecting a 13.5% increase year-over-year [7] - Non-GAAP operating income surged 59.3% year-over-year to $48.6 million, with the non-GAAP operating margin improving to 18.8% from 14.2% in the prior year [7][9] Balance Sheet and Cash Flow - As of July 26, 2025, Semtech's cash and cash equivalents totaled $168.6 million, an increase from $156.5 million as of April 27, 2025, while long-term debt decreased to $518.9 million from $542.6 million [10] - The company generated operating cash flow of $44.4 million and free cash flow of $41.5 million during Q2, with first-half fiscal 2026 operating and free cash flows of $72.2 million and $67.7 million, respectively [10] Future Guidance - For Q3, Semtech expects net sales to be around $266 million (+/- $5 million), indicating an 11.8% year-over-year rise, with anticipated growth in infrastructure end-market sales driven by data center demand [11] - The company projects a non-GAAP gross margin of 53% (+/- 50 bps) and non-GAAP earnings of 44 cents (+/- 3 cents) per share, reflecting a 69.2% year-over-year increase [12]

Group 1 - Semtech reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, and showing a significant increase from $0.11 per share a year ago, representing an earnings surprise of +2.50% [1] - The company achieved revenues of $257.6 million for the quarter ended July 2025, surpassing the Zacks Consensus Estimate by 0.61% and increasing from $215.35 million year-over-year [2] - Semtech has outperformed consensus EPS estimates three times over the last four quarters and has topped consensus revenue estimates four times during the same period [2] Group 2 - The stock has underperformed the market, losing about 17.4% since the beginning of the year, while the S&P 500 has gained 10% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.44 on revenues of $264.8 million, and for the current fiscal year, it is $1.66 on revenues of $1.04 billion [7] Group 3 - The Zacks Industry Rank places the Semiconductor - Analog and Mixed sector in the top 11% of over 250 Zacks industries, indicating strong potential for outperformance compared to lower-ranked industries [8] - The estimate revisions trend for Semtech was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]

Core Viewpoint - Analog Devices (ADI) reported quarterly earnings of $2.05 per share, exceeding the Zacks Consensus Estimate of $1.93 per share, and showing a year-over-year increase from $1.58 per share [1] Financial Performance - The company achieved revenues of $2.88 billion for the quarter ended July 2025, surpassing the Zacks Consensus Estimate by 4.45%, compared to $2.31 billion in the same quarter last year [2] - Over the last four quarters, Analog Devices has consistently exceeded consensus EPS estimates [2] Stock Performance - Analog Devices shares have increased approximately 8.5% since the beginning of the year, while the S&P 500 has gained 9% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.98 on revenues of $2.79 billion, and for the current fiscal year, it is $7.40 on revenues of $10.58 billion [7] - The trend of estimate revisions for Analog Devices was favorable prior to the earnings release [6] Industry Context - The Semiconductor - Analog and Mixed industry is currently ranked in the top 18% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]

Analog Devices (ADI) closed at $223.15 in the latest trading session, marking a +1.12% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.08%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq increased by 0.35%. Heading into today, shares of the semiconductor maker had lost 9.08% over the past month, lagging the Computer and Technology sector's gain of 3.95% and the S&P 500's gain of 1.21%. Market participants will be closely following the finan ...

Core Viewpoint - Microchip Technology reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, but down from $0.53 per share a year ago, indicating a +12.50% earnings surprise [1][2] Financial Performance - The company achieved revenues of $1.08 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.06%, although this is a decrease from $1.24 billion in the same quarter last year [2] - Over the last four quarters, Microchip Technology has exceeded consensus EPS estimates three times and topped revenue estimates three times as well [2] Stock Performance - Microchip Technology shares have increased approximately 15.4% since the beginning of the year, outperforming the S&P 500's gain of 7.9% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $1.11 billion, and for the current fiscal year, it is $1.38 on revenues of $4.55 billion [7] - The semiconductor industry, particularly the Analog and Mixed segment, is ranked in the top 24% of Zacks industries, suggesting a favorable outlook for stocks within this sector [8]

Silicon Laboratories (SLAB) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to a loss of $0.56 per share a year ago. These figures are adjusted for non-recurring items. What's Next for Silicon Labs? While Silicon Labs has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investor ...

Core Insights - Analog Devices (ADI) is positioned to potentially continue its earnings-beat streak in upcoming reports, having surpassed earnings estimates by an average of 7.66% in the last two quarters [1] Earnings Performance - For the most recent quarter, Analog Devices reported earnings of $1.69 per share, which was a surprise of 9.47% compared to the expected $1.85 per share [2] - In the previous quarter, the company reported $1.63 per share against a consensus estimate of $1.54 per share, resulting in a surprise of 5.84% [2] Earnings Estimates and Predictions - Estimates for Analog Devices have been trending higher, supported by its history of earnings surprises [5] - The company currently has a positive Earnings ESP of +0.72%, indicating that analysts are optimistic about its earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7] Future Outlook - The next earnings report for Analog Devices is expected to be released on August 20, 2025 [8]

Core Viewpoint - Analog Devices (ADI) has experienced a decline in stock performance recently, with a return of -8.6% over the past month, contrasting with the S&P 500's +2.3% and the semiconductor industry's -3.1% [2] Earnings Estimate Revisions - The expected earnings for Analog Devices for the current quarter is $1.93 per share, reflecting a year-over-year increase of +22.2% [5] - The consensus earnings estimate for the current fiscal year is $7.4, indicating a year-over-year change of +16% [5] - For the next fiscal year, the consensus earnings estimate is $8.8, representing a +19% change from the previous year [6] - The Zacks Rank for Analog Devices is 3 (Hold), indicating a neutral outlook based on recent earnings estimate revisions [7] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $2.76 billion, showing a year-over-year increase of +19.2% [11] - The sales estimates for the current and next fiscal years are $10.6 billion and $11.65 billion, indicating changes of +12.5% and +9.9%, respectively [11] Last Reported Results and Surprise History - In the last reported quarter, Analog Devices achieved revenues of $2.64 billion, a year-over-year increase of +22.3% [12] - The EPS for the same period was $1.85, compared to $1.4 a year ago, with a revenue surprise of +5.51% and an EPS surprise of +9.47% [12] - The company has consistently beaten consensus EPS and revenue estimates over the last four quarters [13] Valuation - Analog Devices has a Zacks Value Style Score of D, indicating it is trading at a premium compared to its peers [17]

Monolithic Power (MPWR) came out with quarterly earnings of $4.21 per share, beating the Zacks Consensus Estimate of $4.12 per share. This compares to earnings of $3.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +2.18%. A quarter ago, it was expected that this chipmaker would post earnings of $4 per share when it actually produced earnings of $4.04, delivering a surprise of +1%.Over the last four quarters, the company has ...

The earnings report, which is expected to be released on August 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This chipmaker ...