Semtech Stock Price, News & Analysis

Semtech (Nasdaq: SMTC) closed a private offering of $350.0M 0.00% convertible senior notes due 2030 and the full exercise of a $52.5M greenshoe, for an aggregate offering of $402.5M.

Total net proceeds were approximately $391.2M. Semtech expects to use ~$220.6M plus ~3.0M shares to exchange ~$219.0M of 2027 notes, ~$63.1M plus ~2.2M shares to exchange ~$61.95M of 2028 notes, and ~$107.6M plus ~$3.5M cash to repay its term loan.

After closings (exchanges expected on Oct 14, 2025), outstanding debt will be ~$100.5M aggregate principal of 2027 notes and ~$402.5M of 2030 notes. Key 2030 note economics: reference stock price $70.91, conversion price $101.05 (42.5% premium), capped-call adjusted effective conversion $141.82.

Semtech (Nasdaq: SMTC) and Skylo launched the industry's first single‑vendor device‑to‑cloud terrestrial and satellite IoT solution combining Skylo‑certified HL7810/HL7812 LPWA modules, the Smart Connectivity Premium SIM with integrated NTN access, and unified management via the AirVantage platform.

Key facts: automatic switching between terrestrial and satellite networks; access to 600+ 4G/5G networks across 190+ countries; Skylo NTN coverage across 36 countries and ~60 million km2; IoT‑NTN connections projected to grow >25% annually through 2030. Testing is open now with general availability planned for November 2025.

Semtech (Nasdaq: SMTC) priced a private offering of $350.0 million of 0% convertible senior notes due 2030, with an initial purchaser option for an additional $52.5 million. Net proceeds are expected to be approximately $340.2 million assuming no exercise of the option. The initial conversion rate is 9.8964 shares per $1,000 (≈ $101.05 per share, a ~42.5% premium to the Oct 7, 2025 close).

Planned uses: ~$220.6M plus ~3.0M shares to exchange ~$219.0M of 2027 notes; ~$63.1M plus ~2.2M shares to exchange ~$61.95M of 2028 notes (remaining 2028); ~$56.5M to repay ~$56.3M term loans; and ~$27.3M of cash on hand for capped call costs. Capped call cap price initially $141.82 per share. Closings expected ~Oct 10 and ~Oct 14, 2025, subject to customary conditions.

Semtech (Nasdaq: SMTC) announced the AirLink XR80 and XR90 Gen2 multi-network routers on October 7, 2025, built for public safety with 5G network slicing and Verizon Frontline Network Slice certification.

Key specs include dual 5G radios, Wi‑Fi 6, up to 900 Mbps upload and 4.5 Gbps download, extended band support including B106, one year of AirLink Services, and cloud or on‑premises management options. Customer rollouts are expected to begin in November 2025; units are available now via authorized channel partners.

Semtech (Nasdaq: SMTC) announced a proposed private offering of $350 million aggregate principal amount of 0% convertible senior notes due 2030, with an option to sell up to an additional $52.5 million through October 15, 2025.

Semtech expects to use net proceeds, together with common stock, to fund exchanges of its 2027 Notes and 2028 Notes, repay a portion of term loans under its senior credit facilities, and to fund capped call transactions intended to limit dilution.

The Notes will be senior unsecured obligations, guaranteed by domestic subsidiaries, and conversions may be settled in cash, shares, or a combination at Semtech’s election. No assurance the Offering will be completed on proposed terms.

Semtech Corporation (Nasdaq: SMTC) has announced sampling of new physical medium dependent (PMD) building blocks for 1.6T multimode optical infrastructure in AI data centers. The company introduced two key products: the FiberEdge GN1878 200G VCSEL driver and GN1836 200G TIA, designed for power-efficient connectivity in AI training clusters.

These components are specifically engineered for the industry's transition to 200G per channel technology, with volume manufacturing expected to begin in 2026. The solutions aim to optimize both performance and power efficiency for short-reach applications within data centers, working seamlessly with Broadcom's VCSEL and photodetector technology to enable complete 1.6T SR8 optical solutions.

Semtech Corporation (Nasdaq: SMTC) has unveiled two new LoRa Gen 4 transceivers, expanding their IoT connectivity portfolio. The new LR2022 dual-band and LR2012 sub-GHz transceivers complement the existing LR2021, offering optimized features and price points for diverse deployment scenarios.

The Gen 4 portfolio delivers impressive capabilities, including data rates up to 2.6Mbps while maintaining power efficiency. The LR2022 provides global sub-GHz and 2.4GHz connectivity, while the LR2012 offers enhanced sensitivity to -142dBm for traditional IoT deployments. All devices maintain backward compatibility with over 450 million deployed LoRa devices.

Production is scheduled for the LR2022 in Q1 2026 and the LR2012 in Q2 2026, with the LR2021 entering production in October 2025.

Semtech Corporation (Nasdaq: SMTC), a semiconductor and IoT solutions provider, will showcase its comprehensive IoT portfolio at The Things Conference (TTC) in Amsterdam on September 23-24, 2025. The company's CEO, Dr. Hong Q. Hou, will participate in a fireside chat with The Things Industries CEO Wienke Giezeman.

The event will feature multiple presentations covering IoT market vision, wireless connectivity advances, water utility partnerships, and energy harvesting. At booth #B1, Semtech will demonstrate various solutions including private network connectivity, long-range data transfer, and multi-protocol integration featuring Wi-SUN and LoRaWAN® synergy. The company will also host a Women in IoT reception on September 23.

Semtech Corporation (Nasdaq: SMTC) announced that its AirLink® XR60 5G router has received certification for T-Mobile's T-Priority solution, a dedicated slice of its 5G Standalone network designed for first responders and critical infrastructure personnel.

The certification enables up to five times network resources during emergencies compared to average users. The solution addresses critical communication needs, especially considering the 240 million annual 911 calls in the U.S., with call volumes surging 30-50% during natural disasters.

The certification follows extensive testing and is available through Semtech's AirLink OS 5.2 release. Additionally, Semtech's multi-network AirLink XR80 Gen2 and XR90 Gen2 routers have also achieved T-Priority certification.