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Jul 26, 2020
Semtech Q2 2021 Earnings Report
Semtech's Q2 2021 financial results were announced, revealing an increase in net sales and EPS compared to the previous year.
Key Takeaways
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.
Net sales increased 5% year-over-year to $143.7 million.
GAAP EPS was reported at $0.24, and non-GAAP EPS at $0.43.
Wireless and Sensing products group experienced growth, driven by record LoRa platform sales.
Signal Integrity products group achieved record net sales, increasing 20% sequentially.
Semtech
Semtech
Forward Guidance
Semtech anticipates a negative impact from COVID-19 and export restrictions related to Huawei, but expects continued strength in Infrastructure and IoT markets.