secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0000088941-24-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Semtech Q4 revenue $192.9M; GAAP EPS loss $9.98 on goodwill/intangibles impairments
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- Q4 net sales $192.9M above guidance midpoint; GAAP gross margin (0.2)% due to $605M impairment charges.
- GAAP diluted loss per share $9.98 includes $473.8M goodwill and $131.4M intangible impairments.
- Non-GAAP diluted loss per share $0.06; non-GAAP gross margin 48.9%, above guidance midpoint.
- FY2024 net sales $868.8M; GAAP diluted loss per share $17.03; non-GAAP diluted EPS $0.14.
- Positive operating cash flow of $13.9M and free cash flow $12.2M; completed $5M optional credit facility prepayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894124000029/0000088941-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894124000029/smtc-20240328.htm
  HTML page:      https://secwatch.observer/filing/0000088941-24-000029

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