---
schema_version: "secwatch.filing_event.v1"
accession: "0000088941-23-000003"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T11:38:12.480545+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000088941-23-000003
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000008894123000003/0000088941-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000008894123000003/smtc-20230329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088941-23-000003
- JSON: https://secwatch.observer/filing/0000088941-23-000003.json
- Plain text: https://secwatch.observer/filing/0000088941-23-000003.txt

## Key facts
- Earnings Releases
  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
  source text: 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) %
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000008894123000003/0000088941-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.