---
schema_version: "secwatch.filing_event.v1"
accession: "0000088941-25-000098"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T12:27:50.138613+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Semtech Q1 FY2026 net sales $251.1M, up 22% YoY; GAAP EPS $0.22 vs loss of $0.36

## Summary
- 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.

## SEC filing metadata
- accession: 0000088941-25-000098
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000008894125000098/0000088941-25-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000008894125000098/smtc-20250527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088941-25-000098
- JSON: https://secwatch.observer/filing/0000088941-25-000098.json
- Plain text: https://secwatch.observer/filing/0000088941-25-000098.txt

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