Semtech(SMTC) - 2024 Q1 - Earnings Call Transcript

Scott Searle In Q1, total IoT revenues increased 170% sequentially to approximately $159 million or 67% of total revenues. While our LoRa enabled revenues were down in the quarter, driven by the lower demand for helium gateway chips, our LoRa and POS volume grew -- our LoRa end POS volume grew -- our LoRa end node POS volume grew 29% sequentially with strong growth in Europe, Japan, and China. This is a strong indication that our strategy is working. We expect future LoRa end node deployments to continue to ...