Semtech Stock Price, News & Analysis

Semtech Corporation and ZeeVee announced a collaboration to upgrade the SuperBook at the Westgate Resort & Casino in Las Vegas. This enhancement features an SDVoE™ AV signal distribution solution, providing uncompressed 4K60 video and reducing costs and complexity. The upgrade, completed in five months, incorporates ZeeVee's ZyPer4K technology with Semtech's BlueRiver AV technology, allowing advanced routing and multi-matrix switching. This project aims to enhance the gaming environment while increasing efficiency and reducing resource needs.

Semtech Corporation (NASDAQ: SMTC) has launched the BlueRiver® AV Manager, an open software tool aimed at accelerating the development of SDVoE (Software Defined Video over Ethernet) solutions. It provides a user-friendly interface for AV equipment makers, featuring easy customization and source code access. The tool is endorsed by the SDVoE Alliance, facilitating quicker product launches into the market. Semtech emphasizes its commitment to supporting the Pro AV ecosystem through this free offering, aimed at enhancing SDVoE technology adoption.

The LoRa Alliance has welcomed Tony Shakib, GM of Azure IoT Engineering at Microsoft, to its board of directors. This partnership aims to accelerate the LoRaWAN standard's adoption within the IoT and LPWAN markets. Shakib emphasizes Microsoft's commitment to digital twin technology, stating that LoRaWAN is essential for analytics and connectivity across various industries. Microsoft intends to enhance collaboration with existing members to further global deployments of LoRaWAN solutions, strengthening its ecosystem.

Semtech Corporation (NASDAQ: SMTC) announced its collaboration with Cloud Energy in Vietnam to deploy a wireless solar power system using LoRaWAN technology. This innovative solution offers a significant 30% reduction in energy costs compared to traditional wired systems. The collaboration targets rural areas, where higher installation costs and maintenance issues persist. The plug-and-play system enables independent data management across meters and sensors, highlighting the scalability and reliability of IoT solutions for energy management.

Semtech Corporation (Nasdaq: SMTC) reported record net sales of $185.0 million for Q2 FY2022, up 29% year-over-year and 9% sequentially. Gross margins improved, reaching 62.4% (GAAP) and 62.7% (non-GAAP). The company achieved a record GAAP diluted EPS of $0.50 and non-GAAP diluted EPS of $0.65. Operating cash flow was robust at $53.0 million, constituting 29% of net sales. Looking ahead, Q3 FY2022 guidance includes anticipated net sales of $188.0 million to $198.0 million with diluted EPS expected between $0.47 and $0.55.

Semtech Corporation (NASDAQ: SMTC) has announced the full production availability of its GN2538 and GN2539 Tri-Edge CDR chipsets, designed for enhanced data center interconnectivity. The dual-channel 50G PAM4 solutions integrate with existing data center infrastructure, offering lower power consumption and reduced latency. This advancement comes as demand for data center capabilities surges, driven by increasing online activities. The integrated technology aims to support high-performance computing and cloud networks, while maintaining compliance with the 50G per lane multi-mode fiber Open Eye MSA specification.

Semtech Corporation (NASDAQ: SMTC) announced the implementation of its BlueRiver® platform to support over 200 displays at the American Dream venue in New Jersey. The collaboration with SNA Displays, NETGEAR, and Aurora Multimedia enables 4K AV content delivery with near-zero latency, enhancing customer experiences at this premier entertainment site. The solution incorporates a massive Grand Staircase display, further demonstrating the scalability and flexibility of Semtech's technology in large environments.

Semtech Corporation (Nasdaq: SMTC) has announced a collaboration with IQnexus to integrate its Indoor Air Quality (IAQ) sensors with Semtech’s LoRa devices operating via the LoRaWAN standard. This partnership aims to enhance building automation systems by providing real-time monitoring of indoor air quality. Notable features include no ongoing cloud fees, compliance with WELL and RESET standards, and seamless integration into existing building infrastructures. The solution caters to multiple building types, offering a cost-effective and flexible approach to improving indoor air quality.

Semtech Corporation (NASDAQ: SMTC) will release its financial results for the second quarter of fiscal year 2022 on September 1, 2021, after market close. The results will be available via BusinessWire and on Semtech's website. A conference call is scheduled for the same day at 2 p.m. PT to discuss performance and business outlook. Semtech specializes in high-performance analog and mixed-signal semiconductors and is committed to environmentally friendly practices.