secwatch.observer — SEC 8-K summary
======================================

Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0000088941-23-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894123000015/0000088941-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894123000015/smtc-20230607.htm
  HTML page:      https://secwatch.observer/filing/0000088941-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer