Semtech Q3 FY2023 net sales $177.6M, GAAP EPS $0.36, non-GAAP $0.65

SEMTECH CORP

2023-Q3 EPS reported $1.76 revenue$589,021,000

Net sales $177.6M, down 15.1% sequentially and 8.9% year-over-year.
GAAP gross margin 65.1% (record), non-GAAP gross margin 65.5% (record).
GAAP diluted EPS $0.36, non-GAAP diluted EPS $0.65.
Issued $319.5M principal amount of 1.625% convertible senior notes due 2027.
Cooperating with DOJ on second request for Sierra Wireless acquisition; working to close quickly.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SEMTECH CORP reported the third quarter of fiscal year 2023, which ended October 30, 2022 results: revenue $177.6 million, net income $22.7 million, EPS $0.36.

Period: the third quarter of fiscal year 2023, which ended October 30, 2022
Revenue: $177.6 million
Net income: $22.7 million
EPS: $0.36
Result: reported results

Exact text from the filing

reported unaudited financial results for its third quarter of fiscal year 2023, which ended October 30, 2022. Highlights for the Third Quarter of Fiscal Year 2023 • Net sales of $177.6 million, a decrease of 15.1% sequentially and 8.9% year-over-year • Record GAAP gross margin of 65.1% and record Non-GAAP gross margin of 65.5% • GAAP and non-GAAP diluted earnings per

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Source: SEC EDGAR

accession 0000088941-22-000022

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