Semtech Q4 net loss $51M; full year GAAP EPS $0.96; Sierra Wireless acquisition closed

SEMTECH CORP

2023-FY EPS reported $0.96 revenue$756,533,000

Q4 GAAP net loss $51.0M, diluted loss per share $0.80 on net sales $167.5M.
Full year net sales $756.5M, GAAP net income $61.4M, diluted EPS $0.96.
Organic (ex-Sierra) Q4 net sales $152.5M, above guidance midpoint; organic non-GAAP gross margin 64.7%.
Record LoRa-enabled revenue $187M FY, up 40% YoY; cumulative ~300M endpoints.
Tri-Edge selected by major North American hyperscale for multi-year program starting H2 FY2024.

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 fourth quarter and fiscal year 2023, which ended January 29, 2023 results: revenue $ 167.5, net income $ (51.0), EPS $ (0.80).

Period: fourth quarter and fiscal year 2023, which ended January 29, 2023
Revenue: $ 167.5
Net income: $ (51.0)
EPS: $ (0.80)
Result: reported results

Exact text from the filing

year 2024 Results on a GAAP basis for the Fourth Quarter and Fiscal Year 2023 ($ in millions, except for diluted (loss) earnings per share data) Q4 FY2023 FY2023 Net Sales $ 167.5 $ 756.5 GAAP Gross Margin 59.7 % 63.3 % GAAP SG&A Expense $ 102.0 $ 235.8 GAAP R&D Expense $ 52.9 $ 167.5 GAAP Operating Expense $ 155.7 $ 385.8 GAAP Operating Margin (33.2) %

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

SEMTECH CORP filing history →

Source: SEC EDGAR

accession 0000088941-23-000003

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