secwatch.observer — SEC 8-K summary
======================================

Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0000088941-24-000117
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Semtech Q2 FY2025: GAAP diluted loss per share $2.61, non-GAAP EPS $0.11
------------------------------------------------------------------------

- Net sales $215.4M, up 4% sequentially from $206.1M, down 9.6% YoY from $238.4M.
- GAAP gross margin 49.0% (+70 bps qoq); non-GAAP gross margin 50.4% (+60 bps qoq).
- GAAP operating margin 3.6% (+210 bps qoq); non-GAAP operating margin 14.2% (+200 bps).
- Adjusted EBITDA margin 18.8% (+270 bps qoq); GAAP net loss $170.3M vs $23.2M loss last quarter.
- CEO cites solid Q2 performance and favorable Q3 outlook with acceleration of growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894124000117/0000088941-24-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894124000117/smtc-20240827.htm
  HTML page:      https://secwatch.observer/filing/0000088941-24-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer