Semtech Q1 FY2024 net sales $236.5M (+17% YoY); GAAP loss $0.46, non-GAAP EPS $0.02

SEMTECH CORP

2024-Q1 EPS reported -$0.46 revenue$236,539,000

Net sales $236.5M, up 41.2% sequentially and 17.0% year-over-year.
GAAP gross margin 43.5%; non-GAAP gross margin 48.5%.
GAAP diluted loss per share $0.46; non-GAAP diluted EPS $0.02.
Appointed Paul H. Pickle as next president and CEO, effective May 30, 2023.
Entered second amendment to credit agreement for additional financial covenant cushion on June 6, 2023.

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 0.9

SEMTECH CORP reported the first quarter of fiscal year 2024, which ended April 30, 2023 results: revenue $236.5 million, net income $29.4 million, EPS $0.46 diluted loss per share.

Period: the first quarter of fiscal year 2024, which ended April 30, 2023
Revenue: $236.5 million
Net income: $29.4 million
EPS: $0.46 diluted loss per share
Result: reported results

Exact text from the filing

Results on a GAAP basis for the First Fiscal Quarter 2024 • Net sales were $236.5 million • GAAP Gross margin was 43.5% • GAAP SG&A expense was $58.1 million • GAAP R&D expense was $51.8 million • GAAP Operating margin was (5.0)% • GAAP Interest expense was $20.5 million - more - 2 Semtech Announces First Quarter of Fiscal Year 2024 Results • GAAP Net loss attributable to common stockholders was $29.4 million or $0.46 diluted loss per share

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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 0000088941-23-000015

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