secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2025-08-25T23:59:59+00:00
Accession:  0000088941-25-000158
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894125000158/0000088941-25-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894125000158/smtc-20250825.htm
  HTML page:      https://secwatch.observer/filing/0000088941-25-000158

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