earnings
confidence high
sentiment positive
materiality 0.80
Semtech Q1 FY2025 net sales $206.1M, above high-end guidance; EPS beat on non-GAAP basis
SEMTECH CORP
2025-Q1 EPS reported
-$0.36
revenue$206,105,000
- Net sales $206.1M above high-end guidance; GAAP gross margin 48.3%, non-GAAP 49.8%.
- GAAP net loss $23.2M ($0.36 loss per share); non-GAAP net income $4.1M ($0.06 EPS) above high-end guidance.
- Adjusted EBITDA $33.1M (16.1% margin), above high-end guidance; operating expenses down 16% YoY GAAP.
- CEO cites channel inventory declines across all end markets; hardware expected to recover in H2 FY2025.
- Sequential and YoY improvement in adjusted EBITDA margin; non-GAAP op. expenses down 17% YoY.