secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0000088941-24-000126
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Semtech Q3 FY2025 net sales $236.8M (+10% QoQ); record data center $43.1M (+58%)
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- Net sales $236.8M, up 10% sequentially; GAAP gross margin 51.1% (+210 bps), Non-GAAP 52.4% (+200 bps).
- Record data center net sales $43.1M (+58% QoQ); CEO cites AI-driven demand as long-term growth engine.
- GAAP diluted loss per share $0.10; Non-GAAP diluted EPS $0.26; Adjusted EBITDA margin 21.6% (+280 bps).
- Positive operating and free cash flows; made principal prepayments on credit facility in Q3 and Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894124000126/0000088941-24-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894124000126/smtc-20241125.htm
  HTML page:      https://secwatch.observer/filing/0000088941-24-000126

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