earnings
confidence high
sentiment positive
materiality 0.75
Semtech Q2 FY27 record net sales $341.9M, up 33% YoY; GAAP EPS $1.59, adj EPS $0.71
SEMTECH CORP
- Net sales $341.9M, up 17% sequentially and 33% YoY; GAAP gross margin 53.8%, adj gross margin 54.5%.
- GAAP diluted EPS $1.59 vs $0.27 Q1 FY27; adj diluted EPS $0.71 vs $0.41 year ago.
- GAAP operating margin 16.3% (income $55.8M) vs 8.9% prior quarter; adj operating margin 24.4%.
- CEO cites accelerating bookings and record backlog, expecting growth to extend into next fiscal year.