---
schema_version: "secwatch.filing_event.v1"
accession: "0000088941-23-000028"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:39:48.864537+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000088941-23-000028
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000008894123000028/0000088941-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000008894123000028/smtc-20231206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088941-23-000028
- JSON: https://secwatch.observer/filing/0000088941-23-000028.json
- Plain text: https://secwatch.observer/filing/0000088941-23-000028.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000008894123000028/0000088941-23-000028-index.htm

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