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Aug 01, 2021
Semtech Q2 2022 Earnings Report
Reported record net sales and record diluted earnings per share.
Key Takeaways
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.
Record net sales of $185.0 million, an increase of 9% sequentially and 29% year-over-year
GAAP and non-GAAP gross margin grew sequentially 90bps and 70bps to 62.4% and 62.7%, respectively
Record GAAP diluted earnings per share of $0.50 and record non-GAAP diluted earnings per share of $0.65
Record operating cash flow of $53.0 million or 29% of Q2 FY2022 net sales
Semtech
Semtech
Forward Guidance
The company provided revenue guidance for Q3 2022 to be in the range of $188.0 million to $198.0 million.