Semtech Earnings Reports

Semtech announced strong third quarter fiscal year 2026 results, with net sales reaching $267.0 million, marking a 13% year-over-year growth. The company demonstrated improved profitability with GAAP gross margin at 51.9% and Non-GAAP adjusted gross margin at 53.0%. Operating margins also saw substantial improvement, reflecting effective management and strategic partnerships.

Semtech reported strong Q2 FY2026 results with record net sales of $257.6 million and improved profitability on a non-GAAP basis. The company recorded a GAAP net loss due to a goodwill impairment but showed strong operational improvements including adjusted EPS of $0.41 and free cash flow of $41.5 million.

Semtech delivered a robust Q1 FY2026 with revenue growth and a positive net income, supported by higher gross and operating margins. Strategic debt reduction and disciplined spending contributed to the improved financial performance.

Semtech posted revenue of $251.0 million in Q4 FY25, reflecting a 30.1% YoY increase. GAAP operating margin improved to 8.5%, while non-GAAP operating margin reached 19.9%. Net income was $39.1 million, and free cash flow came in at $30.9 million. The company highlighted margin expansion as a key focus for FY26.

Semtech reported strong Q3 2025 results with broad-based growth across all end markets, particularly in the data center sector. The company reported positive operating and free cash flows and made principal prepayments on its credit facility.

Semtech reported a solid second quarter with sequential growth in net sales and improved margins. The company's financial performance reflects its strategic execution and disciplined approach to growth, positioning it favorably for future market opportunities.

Semtech reported solid first-quarter financial results for fiscal year 2025, with net sales above the high end of the guidance range. The company demonstrated improved cost management, with non-GAAP operating expenses down 17% year-over-year, and sequential and year-over-year improvements in adjusted EBITDA and adjusted EBITDA margin.

Semtech reported Q4 2024 results with net sales of $192.9 million, GAAP gross margin of (0.2)%, and Non-GAAP gross margin of 48.9%. The company achieved positive operating cash flow of $13.9 million and free cash flow of $12.2 million. GAAP diluted loss per share was $9.98, while Non-GAAP diluted loss per share was $0.06.

Semtech announced its Q3 fiscal year 2024 results, with net sales of $200.9 million, GAAP gross margin of 46.3%, and Non-GAAP gross margin of 51.3%. The company reported a GAAP diluted loss per share of $0.60 and a Non-GAAP diluted earnings per share of $0.02.

Semtech's net sales aligned with projections, and non-GAAP gross margin and earnings per share exceeded estimates due to focused cost-saving initiatives. Net sales were $238.4 million, an increase of 0.8% sequentially and 13.9% year-over-year. Non-GAAP diluted earnings per share was $0.11.

Semtech reported net sales of $236.5 million, a 17.0% year-over-year increase, and a GAAP diluted loss per share of $0.46, while non-GAAP diluted earnings per share was $0.02. The company is taking steps to improve operational efficiency amidst a challenging macroeconomic environment.

Semtech's Q4 results exceeded the midpoint of guidance, driven by strong performance in LoRa-enabled products and the completion of the Sierra Wireless acquisition. Despite a challenging macroeconomic environment, the company is well-positioned for future growth with its diversified portfolio and focus on the IoT market.

Semtech reported a decrease in net sales but achieved record GAAP and non-GAAP gross margins. The company is cooperating with the DOJ on the proposed acquisition of Sierra Wireless and issued convertible senior notes.

Semtech reported record net sales of $209.3 million for Q2 2023, a 3.5% sequential increase and a 13.1% year-over-year increase. GAAP EPS was $0.81 and non-GAAP EPS was $0.87. The company anticipates a weaker second half performance due to the deteriorating macro demand environment.

Semtech reported a strong start to fiscal year 2023 with record revenues and earnings during the first quarter, driven by solid growth from all of its product groups.

Semtech announced record financial performance in fiscal year 2022, driven by investments in disruptive technologies that enable low-power solutions for remote sensing and analytics for the Internet of Things (IoT), bandwidth expansion, and reduction of electronic waste.

Semtech reported record third quarter fiscal year 2022 results, with record net sales of $194.9 million, record GAAP EPS of $0.53, and record non-GAAP EPS of $0.74. The company saw strong demand from the IoT and Infrastructure segments, led by new record net sales by LoRa, 10G PON, and broad-based Protection platforms.

Semtech reported record net sales of $185.0 million, a 9% sequential increase and a 29% year-over-year increase. Record GAAP diluted earnings per share of $0.50 and record non-GAAP diluted earnings per share of $0.65 were achieved.

Semtech Corporation reported a strong start to FY22, with Q1 FY2022 net sales of $170.4 million, a 3% increase sequentially and a 28% increase year-over-year. The company's Wireless and Sensing products group achieved record net sales, driven by LoRa platforms and proximity sensing products. Record quarterly bookings were also reported, including records for LoRa platforms, Tri-Edge™, and broad-based Industrial Protection devices.

Semtech reported Q4 FY2021 net sales of $164.7 million, diluted GAAP EPS of $0.24, and diluted non-GAAP EPS of $0.51. The company's FY2021 net sales reached $595.1 million, with growth driven by data center, 5G, 10GPON, and IoT markets. Semtech enters fiscal year 2022 with a record starting backlog.

Semtech reported Q3 FY2021 results with net sales of $154.1 million, a 7% sequential increase and a 9% year-over-year increase. Diluted GAAP EPS was $0.28, and diluted non-GAAP EPS was $0.47. The company announced a collaboration with Amazon's Sidewalk platform.

Semtech reported Q2 FY2021 net sales of $143.7 million, an increase of 5% year-over-year, with GAAP EPS at $0.24 and non-GAAP EPS at $0.43. The company saw growth in its Wireless and Sensing products and Signal Integrity products.

Semtech reported Q1 FY2021 net sales of $132.7 million, GAAP EPS of $0.15, and non-GAAP EPS of $0.35. The company saw sequential growth in net bookings and distributor point of sale, with cash flow from operations at 20% of net sales.

Semtech reported Q4 FY2020 net sales of $138.0 million, GAAP EPS of $0.04, and non-GAAP EPS of $0.40. The company continued to invest in disruptive product platforms while delivering strong operating cash flow.