Movement Alert|Semtech Rises 8.21% in Regular Trading, Q2 Earnings Significantly Beat Expectations with Strong Guidance

Market Focus
Yesterday

On August 26, Semtech rose 8.21% in regular trading, trading at $136.14/share, with turnover of $235 million. The rally was driven by the company's fiscal Q2 earnings report released after market close on August 25, which significantly exceeded market expectations.

Specifically, Semtech posted non-GAAP EPS of $0.71, surpassing the consensus estimate of $0.57 by approximately 24.6% and representing a 73.2% year-over-year increase. Revenue came in at $341.9 million, topping the expected $328.6 million, while the company also issued strong Q3 guidance. Management had previously indicated that its data center business grew 85% year-over-year in Q2. Additionally, the mid-August mass production launch of LoRa Plus transceivers LR2022 and LR2012, together with the existing LR2021, completes a full three-chip matrix covering Sub-GHz to satellite-direct connectivity, providing dual support from both fundamentals and the product pipeline.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10