Semtech Q3 FY2024 net sales $200.9M, above guidance; GAAP EPS -$0.60, non-GAAP $0.02

SEMTECH CORP

2024-Q3 EPS reported -$7.02 revenue$675,810,000

Net sales $200.9M, above midpoint of guidance; down from $238.4M Q2 and up from $177.6M year ago.
GAAP gross margin 46.3%; non-GAAP gross margin 51.3%, above high-end of guidance.
GAAP operating loss $12.4M vs. income $37.4M year ago; non-GAAP operating income $20.5M.
GAAP diluted loss per share $0.60; non-GAAP diluted earnings per share $0.02, above high-end of guidance.
Mark Lin became EVP and CFO effective October 2, 2023; CFO commentary cites Q4 sequential improvement in non-GAAP expenses.

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 third quarter of fiscal year 2024, which ended October 29, 2023 results: revenue $200.9 million, EPS GAAP diluted loss per share of $0.60 and Non-GAAP diluted earnings per share of $0.02.

Period: third quarter of fiscal year 2024, which ended October 29, 2023
Revenue: $200.9 million
EPS: GAAP diluted loss per share of $0.60 and Non-GAAP diluted earnings per share of $0.02
Result: reported results

Exact text from the filing

Semtech Announces Third Quarter of Fiscal Year 2024 Results • Net sales of $200.9 million, above the midpoint of guidance • GAAP gross margin of 46.3% and Non-GAAP gross margin, above the high-end of guidance, of 51.3% • GAAP diluted loss per share of $0.60 and Non-GAAP diluted earnings per share, above the high-end of guidance, of $0.02

View on SEC.gov

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

SEMTECH CORP filing history →

Source: SEC EDGAR

accession 0000088941-23-000028

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.