Semtech

Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing. It offers signal integrity, protection, wireless and sensing, and power and high-reliability products. The company was founded in 1960 and is headquartered in Camarillo, CA.

Earnings data Q4 2021

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SMTC reports strong Q1 performance, anticipates base station growth

SMTC's Q1 performance reflects strong revenue growth and exceeded earnings guidance. While facing challenges in certain end markets, the company demonstrated strength in the industrial segment and cost management. Opportunities lie in base station growth, cloud platform integration, and smart home connected spaces.

SMTC reports solid Q2 performance, anticipates revenue growth opportunities

SMTC's Q2 performance met net sales guidance, with strengths in Signal Integrity and Advanced sensing products. However, challenges lie in the softer demand environment and declining IoT systems. Opportunities include potential revenue growth, recovery of routers, and reimagining the execution plan for IoT. The company aims to discuss new long-term targets at an Analyst Day in the future.

Semtech meets Q3 expectations, eyes PON leadership and IoT market

Semtech's Q3 performance met expectations, driven by growth in infrastructure and high-end consumer net sales, while facing challenges in the industrial segment. The company's strengths lie in improved gross margin, strong cash balance, and strategic vision for growth. Opportunities include leading the PON space, capturing the IoT market, and financial optimization.

Semtech reports record FY '23 revenue amidst challenges and opportunities

Semtech's FY '23 performance reflects growth and challenges, with a focus on cost management and revenue diversification.
Opportunities lie in geographic expansion, gross margin improvement, and strategic acquisitions for future growth.
Challenges include weak demand environment, debt reduction focus, and headwinds in specific product segments.
Overall, Semtech aims for continued margin expansion and operational efficiency amidst market uncertainties.

Semtech reports robust Q1 earnings, eyes IoT growth and cost efficiency

Semtech's Q1 performance reflects strong revenue growth and operational efficiency improvements, despite macroeconomic challenges, showcasing resilience and adaptability.
Strategic focus on IoT business growth, cost management, and market expansion opportunities position Semtech for sustained profitability and market leadership in the semiconductor sector.
Challenges in consumer market revenue and inventory management underscore the need for strategic shifts and proactive measures to capture emerging opportunities and drive revenue growth.

Semtech exceeds Q2 expectations, navigates challenges for future growth

Semtech's Q2 performance reflects resilience amidst challenges, with a focus on operational efficiency and cost control.
While facing a softer demand environment and financial pressures, Semtech is strategically realigning operations for future growth.
The company's proactive approach to managing costs, optimizing operations, and exploring growth opportunities positions it well for the future.

Semtech exceeds Q3 earnings expectations, focuses on IoT growth

Semtech's Q3 performance showed strength in infrastructure and high-end consumer segments, offset by challenges in the industrial market.
Opportunities lie in IoT solutions, cellular backhaul, and strategic focus on module products for higher-margin sales.
Challenges include industrial sales decline, LoRa business hurdles, and ongoing cost-cutting efforts for future investments.
Overall, Semtech's strategic vision towards IoT solutions and market capture presents growth potential amid market challenges.

Semtech exceeds Q4 sales, eyes growth in PON and Sierra

Semtech's Q4 performance showed resilience with varied segment outcomes.
While facing challenges like impairment charges, opportunities in PON and Sierra business are promising.
Management's caution on stock buybacks and growth projections provide a balanced outlook.
Overall, Semtech's strategic moves position it for recovery and future growth.

Semtech reports strong Q1 performance, eyes growth opportunities ahead

Semtech's Q1 FY '25 performance was strong, with growth in key segments and positive financial indicators, positioning the company well for future opportunities.
While facing challenges in certain segments, Semtech's focus on active copper cables, Signal Integrity, and growth markets like China and LoRa offer avenues for expansion.
The company's strategic outlook, including gross margin catalysts and expectations for recovery in various business modules, sets the stage for continued growth and financial stability.

Semtech reports strong Q2 results and optimistic Q3 guidance

Semtech's Q2 performance reflects growth across key segments and a positive outlook for Q3.
The company's strengths in diversified revenue streams and operational efficiency position it well.
Challenges include competitive pressures and the need for continuous innovation.
Opportunities lie in emerging segments, collaborations, and market expansion for future growth.

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The 7 Best Tech Stocks To Buy Now: October 2023

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation today provided comments on its third fiscal quarter 2024 outlook.

Semtech Comments on Third Fiscal Quarter 2024 Outlook

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation today announced the pricing of $250 million in aggregate principal amount of its 4.00% convertible senior notes due 2028.

Semtech Corporation Announces Pricing of Private Placement of $250 Million of New Convertible Senior Notes

Semtech shares fell to lows not seen since 2015 after the chipmaker and IoT solutions provider told investors it plans to take on $250 million in new debt. The company said Thursday that it intends to offer $250 million in convertible senior notes due in 2028.

Semtech shares sink to eight-year low on debt concerns

Semtech announced Thursday that it will take on $250 million in new debt. The company will use the money raised by selling that new debt to pay off old debt.

Why Semtech Stock Collapsed by 22% on Thursday

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of convertible senior notes.

Semtech Corporation Announces Proposed Private Placement of $250 Million of Convertible Senior Notes

CAMARILLO, Calif.--(BUSINESS WIRE)--Innovative new feature for AirLink routers merges the benefits of cloud technology with on-premise infrastructure for ultimate security and control.

Semtech Rolls Out Advanced Hybrid Cloud Capabilities for AirLink® Routers: Redefining Edge Network Management with Unparalleled Security and Control

Semtech (SMTC) reported earnings 30 days ago. What's next for the stock?

Why Is Semtech (SMTC) Down 7% Since Last Earnings Report?

We're initiating Semtech Corporation with a buy rating. We think the macro weakness has been priced into the stock and its near-term outlook. We now believe the inventory correction for Semtech Corporation's IoT products, accounting for ~50% of sales, will be completed in 2H23, and expect the recovery in 1HCY24 to drive top line growth. Additionally, we think the Signal Integrity and Protection inventory correction is now behind us, with the segments growing 35% and 12% QoQ, respectively, this quarter, accounting for 40% of sales.

Semtech Corp. - Initiating With Buy: Inventory Correction Is Over

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, announced that Mark Lin joined the company as its executive vice president and chief financial officer on October 2, 2023 (the “Transition Date”). In accordance with the terms of his employment agreement, Semtech granted Mr. Lin a stock unit award covering 75,939 shares of Semtech common stock. Of the stock units awarded, 37,969 are time.

Mark Lin Joins Semtech as Executive Vice President and Chief Financial Officer

Semtech (SMTC) partners with Coherent to demonstrate FiberEdge 200G PAM4 MZM driver, deploying 200G per lane using advanced optics.

Semtech (SMTC) Showcases FiberEdge Strength at ECOC 2023

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech joins Mobile Optical Pluggables Alliance (MOPA) Board of Directors to help drive next-gen 5G wireless requirements and optical solutions.

Semtech Appointed to Mobile Optical Pluggables Alliance Board of Directors

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech FiberEdge® PMDs enable Linear Drive architecture interoperating with latest switch ASIC technology.

Semtech to Demonstrate 100G/Lane Linear Pluggable Optical Links at ECOC 2023

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech and Coherent's continued collaboration accelerates 200G per lane deployment with advanced optics.

Semtech and Coherent Demonstrate 200G per Lane Differential Driver with 200G DFB-MZ Laser at ECOC 2023

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech and Broadcom pave the way for successful deployment of next generation 51.2T and 102.4T switch platforms.

Semtech and Broadcom Showcase 200G/lane Optical Transceiver at ECOC 2023

NEWBURYPORT, Mass.--(BUSINESS WIRE)--Rochester Electronics and Semtech Corporation have collaborated to provide customers with a broad range of mixed-signal solutions.

Rochester Electronics to Offer Semtech's Active and End-of-Life Mixed Signal Solutions

Semtech easily exceeded earnings estimates thanks to cost-cutting initiatives. The company issued conservative forward guidance given current macro uncertainties and high channel inventory.

Why Semtech Stock Popped Today

Semtech Corporation shares rose as investors digested the company's second quarter results and weaker-than-expected guidance that sent its stock lower in after-hours trading on Wednesday. The semiconductor company's shares had gained 5.7% at US$24.17 early on Thursday afternoon to be flat week-over-week.

Semtech shares rebound as investors digest 2Q results

Semtech's (SMTC) fiscal second-quarter 2024 results benefit from strength in the IoT System and industrial market.

Semtech's (SMTC) Q2 Earnings Beat Estimates, Sales Rise Y/Y

Semtech Corporation (NASDAQ:SMTC ) Q2 2024 Earnings Conference Call September 13, 2023 5:00 PM ET Company Participants Emeka Chukwu - Executive Vice President and Chief Financial Officer Paul Pickle - President and Chief Executive Officer Conference Call Participants Quinn Bolton - Needham & Company Craig Ellis - B. Riley Securities Anthony Stoss - Craig-Hallum Harsh Kumar - Piper Sandler Tore Svanberg - Stifel Scott Searle - Roth MKM Christopher Rolland - Susquehanna Cody Acree - The Benchmark Company Operator Greetings and welcome to the Semtech Corporation Conference Call to discuss the Second Quarter Fiscal Year 2024 Financial Results.

Semtech Corporation (SMTC) Q2 2024 Earnings Call Transcript

Semtech (SMTC) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.87 per share a year ago.

Semtech (SMTC) Beats Q2 Earnings and Revenue Estimates

Semtech Corp. shares fell Wednesday after the analog and mixed-signal chip maker forecast a loss for the current quarter while Wall Street expected a profit.

Semtech stock falls as loss forecast, while Street was expecting a profit

Shares of Semtech Corporation fell more than 5% in extended trading Wednesday despite surpassing Street expectations with its fiscal second-quarter results, thanks to weaker-than-expected guidance.  The semiconductor company posted revenue of $238.4 million, up 13.9% year-over-year, and adjusted earnings of $0.11 per share.

Semtech shares fall on uninspired 3Q guidance

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today reported unaudited financial results for its second quarter of fiscal year 2024, which ended July 30, 2023. Highlights for the Second Quarter of Fiscal Year 2024 Net sales of $238.4 million, an increase of 0.8% sequentially and 13.9% year-over-year GAAP gross margin of 42.3% and Non-GAAP gross margin of 49.6% GAAP diluted loss per s.

Semtech Announces Second Quarter of Fiscal Year 2024 Results

Semtech Corp. welcomed a new chief financial officer into the fold Friday, but lost a stock analyst's coverage a few hours later, as the analog and mixed-signal chip maker prepares for a delayed earnings report on Wednesday.

News for Semtech Stock (SMTC)