Semtech's Q2 Earnings And Revenue Beat Expectations

Semtech Corporation (NASDAQ:SMTC) reported fiscal second-quarter results on Monday that exceeded Wall Street estimates, with both earnings and revenue coming in ahead of forecasts.

The semiconductor and IoT solutions provider posted adjusted earnings per share of $0.41, topping consensus of $0.40. Revenue was $257.6 million, above the $256.06 million expected, and up 19.6% from $215.4 million a year earlier. Adjusted operating margin improved to 18.8% from 14.2% in the same quarter last year.

“Our second-quarter results reflect strong year-over-year financial performance, driven by deep customer engagement, operational discipline, and a culture of excellence,” said President and CEO Hong Hou.

For the fiscal third quarter, Semtech guided revenue between $261 million and $271 million, with the midpoint of $266 million in line with consensus at $265 million. Adjusted EPS was forecast between $0.41 and $0.47, with the midpoint of $0.44 matching analyst expectations.