earnings
confidence high
sentiment positive
materiality 0.70
Semtech Q1 FY2026 net sales $251.1M, up 22% YoY; GAAP EPS $0.22 vs loss of $0.36
SEMTECH CORP
2026-Q1 EPS
reported $0.22
vs consensus $0.44
▼ miss
(-50.0%)
- Net sales $251.1M, up 22% YoY; GAAP diluted EPS $0.22 vs $(0.36) YoY.
- GAAP gross margin 52.3% vs 48.3% YoY; Non-GAAP adj. gross margin 53.5% vs 49.8%.
- Adjusted EBITDA margin 22.1% vs 16.1% YoY; Non-GAAP adj. diluted EPS $0.38 vs $0.06.
- Paid $10M term loan principal in Q1; additional $15M prepayment since Q1 close.
- Net leverage ratio improved; management cites strategic investments and debt reduction.