Welcome to our dedicated page for Semtech news (Ticker: SMTC), a resource for investors and traders seeking the latest updates and insights on Semtech stock.
Semtech Corporation (Nasdaq: SMTC) is a high-performance semiconductor, IoT systems and cloud connectivity service company whose activities generate a steady stream of technology, product and financial news. This news page aggregates coverage of Semtech’s announcements, earnings results, investor events and product launches, giving readers a focused view of how the company is executing across its semiconductor and IoT portfolio.
Recent Semtech news has included quarterly financial results, participation in technology and investor conferences, and the introduction of new platforms and solutions. Examples include third quarter fiscal year 2026 results, where management discussed returns on research and development investments and the role of ultra-power-efficient solutions in data center networking, LoRa connectivity and sensing technologies. The company also issues press releases about its presence at major industry events such as CES, where it showcases IoT connectivity, smart sensing and protection technologies for smart cities, smart home automation, robotics, automotive interfaces and consumer electronics.
Product-focused news highlights innovations like the Unified Software Platform (USP) for LoRa Plus devices, designed to support multiple IoT protocols on a single hardware platform, and device-to-cloud cellular and satellite IoT offerings that combine LPWA modules, Smart Connectivity Premium SIM and satellite NTN access. Other updates cover Semtech’s AirLink 5G router portfolio for public safety, featuring network slicing capabilities and integrations with carrier programs aimed at first responders.
Investors and industry observers can use this page to follow Semtech’s earnings announcements, convertible note offerings and capital structure updates, along with technology demonstrations, partnerships and ecosystem activities. For anyone tracking SMTC, this news feed provides a centralized view of the company’s operational, financial and product-related developments over time.
Semtech (Nasdaq: SMTC), a high-performance semiconductor and IoT solutions provider, has announced its plan to release second quarter fiscal year 2025 financial results on August 27, 2024, after market close. The company will host a conference call at 2 p.m. PT (5 p.m. ET) on the same day to discuss the results and current business activities.
Investors can participate in the call by dialing 877-407-0312 (toll-free) or 201-389-0899 (toll/international) with confirmation #13746449. A live webcast will also be available under the Investor Events section of Semtech's website. A replay and transcript of the webcast will be provided after the call concludes.
Semtech (Nasdaq: SMTC) has closed its previously announced private exchange transactions involving its 4.00% Convertible Senior Notes due 2028. Approximately $188 million in aggregate principal amount of the 2028 Notes and accrued interest were exchanged for 10,378,431 shares of the company's common stock. The newly issued shares are not registered under the Securities Act of 1933 and have certain restrictions on their sale and transfer. Semtech, a high-performance semiconductor, IoT systems, and cloud connectivity service provider, emphasizes that this announcement does not constitute an offer to sell or a solicitation to buy securities.
Semtech (Nasdaq: SMTC) has announced private exchange agreements to repurchase $183 million of its 4.00% Convertible Senior Notes due 2028. The repurchase will be executed by issuing shares of the company's common stock over an averaging period beginning July 12, 2024. The transactions are anticipated to close around July 24, 2024, pending customary closing conditions.
These shares will not be registered under the Securities Act of 1933 or other relevant securities laws, limiting their offer and sale in the United States absent proper registration or exemptions. This release does not constitute a sales offer or solicitation to buy any securities in any jurisdiction where such activities would be unlawful.
Semtech (Nasdaq: SMTC) has appointed Dr. Hong Q. Hou as its new President and CEO, effective June 6, 2024. Dr. Hou, a current board member, replaces Paul H. Pickle, whose departure was due to differences with the board, not related to Semtech's operational or financial performance. The company has stabilized its business by reducing operating expenses and strengthening its financial foundation. Dr. Hou aims to leverage Semtech's innovative technologies in the AI and IoT sectors. Additionally, Semtech has reaffirmed its second-quarter fiscal year 2025 guidance provided on June 5, 2024.
Semtech (SMTC) reported its first quarter fiscal year 2025 results, ending April 28, 2024. The company achieved net sales of $206.1 million, surpassing the high-end of its guidance range. GAAP gross margin was 48.3%, and non-GAAP gross margin was 49.8%, both above the midpoint of guidance.
GAAP operating expenses were $96.4 million, a 16% decrease YoY, while non-GAAP operating expenses were $77.4 million, down 17% YoY. The company recorded a GAAP net loss of $23.2 million but reported a non-GAAP net income of $4.1 million.
GAAP diluted loss per share was $0.36, while non-GAAP diluted EPS was $0.06, exceeding the high-end of guidance. Adjusted EBITDA was $33.1 million, also surpassing the high-end of guidance. For Q2 FY 2025, Semtech forecasts net sales of $212 million, non-GAAP gross margin of 50%, operating expenses of $77.5 million, and diluted EPS of $0.09.
Semtech (Nasdaq: SMTC) will release its financial results for the first quarter of fiscal year 2025 on June 5, 2024, after the market closes.
The results will be available via Business Wire and the company's website. Semtech will also host a conference call at 2 p.m. PT (5 p.m. ET) on the same day to discuss the quarterly performance, current business conditions, and future outlook.
Participants can join the call via toll-free or international numbers. The event will be webcast live, with a replay and transcript available post-event.
Semtech (Nasdaq: SMTC) collaborates with Console Connect to expand connectivity coverage in the Asia-Pacific (APAC) region for its AirVantage® Smart Connectivity service. The partnership aims to leverage Console Connect's IMSI service and partner roaming network to enhance global connectivity. This collaboration offers customers a network of leading cellular providers, ensuring seamless global connectivity and overcoming regulatory restrictions. Semtech customers can now benefit from expanded coverage, high-speed network access, and reliable connectivity with multi-network capabilities.
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