Loading...
•
Oct 29, 2023
Semtech Q3 2024 Earnings Report
Reported net sales above the midpoint of guidance, GAAP gross margin, and Non-GAAP gross margin above the high-end of guidance, and GAAP diluted loss per share and Non-GAAP diluted earnings per share above the high-end of guidance.
Key Takeaways
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.
Net sales of $200.9 million, above the midpoint of guidance.
GAAP gross margin of 46.3% and Non-GAAP gross margin, above the high-end of guidance, of 51.3%.
GAAP diluted loss per share of $0.60 and Non-GAAP diluted earnings per share, above the high-end of guidance, of $0.02.
End market demand in the third quarter for high-end consumer and data center applications has grown both sequentially and year-over-year.
Revenue by Segment
Forward Guidance
The fourth quarter of fiscal year 2024 outlook incorporates the Company's current estimates, as well as its expectations regarding the impact of export restrictions, inflationary pressure and other macroeconomic conditions.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...