---
schema_version: "secwatch.filing_event.v1"
accession: "0000088941-24-000064"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:25:03.265660+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Semtech Q1 FY2025 net sales $206.1M, above high-end guidance; EPS beat on non-GAAP basis

## Summary
- 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.

## SEC filing metadata
- accession: 0000088941-24-000064
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000008894124000064/0000088941-24-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000008894124000064/smtc-20240605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088941-24-000064
- JSON: https://secwatch.observer/filing/0000088941-24-000064.json
- Plain text: https://secwatch.observer/filing/0000088941-24-000064.txt

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