Semtech reports record Q1 net sales $291M, GAAP EPS $0.27, adjusted EPS $0.51

SEMTECH CORP

Record net sales of $291.0M, up 6% sequentially and 16% YoY.
GAAP diluted EPS $0.27, up 23% YoY; Non-GAAP adjusted diluted EPS $0.51, up 34% YoY.
GAAP gross margin 52.0%, Non-GAAP adjusted gross margin 53.0% (down 50 bps YoY but up 140 bps QoQ).
GAAP operating margin 8.9% (down from 14.3% YoY); adjusted operating margin 20.4% (up from 19.0% YoY).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SEMTECH CORP reported first quarter of fiscal year 2027, which ended April 26, 2026 results: revenue Net sales $ 291.0, net income Net income (loss) $ 26.6, EPS Diluted earnings (loss) per share $ 0.27.

Period: first quarter of fiscal year 2027, which ended April 26, 2026
Revenue: Net sales $ 291.0
Net income: Net income (loss) $ 26.6
EPS: Diluted earnings (loss) per share $ 0.27
Result: reported results

Exact text from the filing

Net sales $ 291.0 $ 274.4 $ 251.1 Gross margin 52.0 % 50.4 % 52.3 % Operating expenses, net $ 125.7 $ 156.5 $ 95.3 Operating income (loss) $ 25.8 $ (18.3) $ 36.0 Operating margin 8.9 % (6.7) % 14.3 % Interest expense, net $ 1.0 $ 1.0 $ 6.2 Goodwill and intangible impairments $ — $ 44.6 $ — Net income (loss) $ 26.6 $ (29.8) $ 19.3 Diluted earnings (loss) per share $ 0.27 $ (0.32) $ 0.22

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SEMTECH CORP filing history →

Source: SEC EDGAR

accession 0000088941-26-000009

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