secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0000088941-25-000098
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894125000098/0000088941-25-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894125000098/smtc-20250527.htm
  HTML page:      https://secwatch.observer/filing/0000088941-25-000098

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