secwatch.observer — SEC 8-K summary
======================================

Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2026-05-26T20:07:09+00:00
Accession:  0000088941-26-000009
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 Q1 net sales $291M, GAAP EPS $0.27, adjusted EPS $0.51
-----------------------------------------------------------------------------

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894126000009/0000088941-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894126000009/smtc-20260526.htm
  HTML page:      https://secwatch.observer/filing/0000088941-26-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer