Semtech reports record Q2FY26 revenue of $257.6M (+20% YoY); adjusted EPS $0.41

SEMTECH CORP

2026-Q2 EPS reported -$0.09 revenue$508,649,000

Record net sales $257.6M, up 20% YoY; GAAP gross margin 52.1% (up from 49.0% YoY).
Non-GAAP adjusted diluted EPS $0.41 (vs $0.11 YoY); adjusted operating margin 18.8% (up from 14.2%).
GAAP net loss $27.1M due to $42.0M goodwill impairment; GAAP diluted EPS -$0.31 (improved from -$2.61).
Accelerated debt reduction: net interest expense fell to $4.7M from $28.1M YoY; net leverage ratio lower.
Adjusted EBITDA $56.5M (21.9% margin) vs $40.5M (18.8%) YoY; cash flow improving.

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