Semtech Stock Price, News & Analysis

Semtech Corporation (Nasdaq: SMTC) reported strong Q2 FY2026 financial results with record net sales of $257.6 million, representing 20% year-over-year growth. The company achieved a GAAP gross margin of 52.1% and Non-GAAP adjusted gross margin of 53.2%, both showing improvement from the previous year.

Key financial metrics include a GAAP operating margin of -6.3% and Non-GAAP adjusted operating margin of 18.8%. The company reported a GAAP diluted loss per share of $0.31, while Non-GAAP adjusted diluted earnings per share reached $0.41. For Q3 FY2026, Semtech expects net sales of $266.0 million (±$5.0 million) with adjusted diluted earnings per share of $0.44 (±$0.03).

The company noted accelerated debt reduction and improved net leverage ratio during the quarter, demonstrating strong operational execution and financial discipline.

Semtech Corporation (Nasdaq: SMTC), a semiconductor and IoT systems provider, will release its second quarter fiscal year 2026 financial results on Monday, August 25, 2025, after market close.

The company will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) on the same day to discuss quarterly performance and business outlook. Investors can access the call via phone (877-407-0312 toll-free or 201-389-0899 international) using confirmation #13755183, or through a live webcast available on Semtech's Investor website.

Semtech Corporation (SMTC) announces its participation in the 2025 Shanghai Internet of Things Exhibition, where Robert Comanescu, Senior Director and Marketing Head of IoT chips, will join a LoRa Alliance panel discussion on June 19, 2025. The panel, titled "Empower Smart Buildings, Cities & Utilities with IoT Solutions," will explore collaborative IoT innovations in infrastructure and urban solutions. Scheduled from 10:10 AM to 10:50 AM at the Shanghai New International Expo Center, the discussion will feature representatives from the LoRa Alliance and Milesight. Key topics include long-range low-power wireless connectivity, LoRaWAN ecosystem's role in IoT networks, infrastructure challenges, building management applications, and sustainability through IoT technologies.

Semtech (SMTC) reported strong Q1 FY2026 results with net sales of $251.1M, showing 22% YoY growth. The company achieved significant margin improvements with GAAP gross margin of 52.3% (up from 48.3%) and non-GAAP gross margin of 53.5% (up from 49.8%). GAAP EPS reached $0.22 compared to a loss of $0.36 last year, while non-GAAP EPS hit $0.38 vs $0.06 year ago. The company reduced debt through a $10M term loan prepayment in Q1 and an additional $15M in Q2. For Q2 FY2026, Semtech expects net sales of $256M ±$5M and adjusted EPS of $0.40 ±$0.03.

Semtech (SMTC) announced a major implementation of its LoRa® technology in one of the UK's largest smart water metering projects with Yorkshire Water and Netmore Group. The initiative will deploy 1.3 million smart water meters over five years. Early results show impressive water savings of 1.22 megaliters daily, with over 1,000 customer-side leaks identified. The project is expected to achieve 8 megaliters of daily leakage reduction at full deployment, a 2-liter per person daily reduction in household consumption, and 15% lower non-household water demand by 2050. The solution features a sophisticated network architecture ensuring 90% dual gateway connectivity, with meter batteries lasting up to 15 years.

Semtech Corporation (SMTC) has reported achieving 99.95% network uptime in 2024 through its enhanced global mobile network infrastructure. As a full Mobile Virtual Network Operator (MVNO), the company's AirVantage® Smart Connectivity service utilizes AI-enabled network operations to strengthen IoT connectivity security and optimize performance.

The company's Global Network Operations Center (GNOC) provides 24/7 monitoring with AI-powered systems that detect and prevent security threats, unauthorized SIM usage, and potential network anomalies. The platform includes intelligent network optimization features that identify connectivity issues and excessive data consumption, while also offering enhanced customer support capabilities that reduce Mean Time to Resolution (MTTR) for technical issues.

Semtech Corporation (NASDAQ: SMTC), a semiconductor and IoT systems provider, has scheduled its first quarter fiscal year 2026 earnings conference call for Tuesday, May 27, 2025, at 1:30 p.m. PT (4:30 p.m. ET). The financial results will be released after market close on the same day via Business Wire and the company's website.

Investors can participate in the conference call by dialing 877-407-0312 (toll-free) or 201-389-0899 (international) with confirmation code 13746451. A live webcast will be available through Semtech's Investor website, with a replay and transcript accessible after the call.

Semtech Corporation (SMTC) has appointed Mitch Haws as Senior Vice President of Investor Relations. Haws brings extensive experience from his previous roles at Advanced Micro Devices, Skyworks Solutions, and Freescale Semiconductor. He is a certified Investor Relations Charter holder and NIRI fellow, currently serving on the NIRI Board of Directors.

As part of his compensation package, Haws received 30,110 restricted stock units (RSUs) and a performance-based RSU award targeting an additional 30,110 shares. The RSUs will vest over time, while the PRSUs are tied to Semtech's performance metrics including net revenue, non-GAAP operating income, and relative total shareholder return over fiscal years 2026-2028.

Semtech Corporation (SMTC) will showcase its latest IoT innovations at IoT Solutions World Congress in Barcelona, May 13-15, 2025. The company will demonstrate its fourth-generation LoRa Plus LR2021 transceiver, featuring increased data rates up to 2.6 Mbps across multiple frequency bands. The technology supports both terrestrial and SATCOM networks, addressing growing demand for AI-enabled edge devices. According to Omdia analyst projections, LoRaWAN connections are expected to reach 1.3 billion by 2030. The event will feature interactive demonstrations at Semtech's stand D9 in Hall 8, showcasing applications including image transfer, ranging capabilities, one-channel hub operations, and energy harvesting solutions. The company's LoRa ecosystem currently supports over 410 million end nodes globally.