secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0000088941-23-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894123000028/0000088941-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894123000028/smtc-20231206.htm
  HTML page:      https://secwatch.observer/filing/0000088941-23-000028

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