Semtech Corp. (NASDAQ:SMTC) posted better-than-expected first-quarter results after Tuesday’s closing bell and issued forward guidance above analyst expectations. Here’s a look at the details inside the report.
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Semtech Q1 Details
Semtech reported quarterly earnings of 51 cents per share, which beat the consensus estimate of 45 cents, according to Benzinga Pro data.
Quarterly revenue came in at $291 million, which beat the analyst consensus estimate of $283.45 million and was up from $251.1 million in the same period last year.
“Semtech is off to an exceptional start in fiscal year 2027, delivering record quarterly results and expanding design wins across our data center and LoRa businesses,” said CEO Hong Hou.
Looking Ahead
Semtech expects second-quarter adjusted EPS of 59 cents to 63 cents, versus the 51 cent analyst estimate, and revenue in a range of $323 million to $333 million, versus the $300.63 million estimate.
SMTC Stock Price: According to data from Benzinga Pro, Semtech stock was up 5.31% to $172 in Tuesday’s extended trading.
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