Semtech lifts Q3 FY27 guidance to $417.5M sales and $1.14 adj EPS, sets FY30 $3.2B framework

SEMTECH CORP

Q3 FY27 net sales outlook raised to $417.5M +/- $2.5M from $410.0M +/- $5.0M; adjusted diluted EPS to $1.14 +/- $0.02 from $1.05 +/- $0.03.
Adjusted gross margin guidance up to 59.0% +/- 40bps (from 58.3%) and adjusted operating margin to 33.0% +/- 10bps (from 31.0%).
FY30 framework: net sales $3.2B, data center net sales $2.1B; FY26-FY30 CAGRs of 38% consolidated, 75% data center, 30% LoRa.
FY30 non-GAAP targets: 70% adjusted gross margin, 48-50% operating margin, free cash flow at 35% of net sales, adjusted EPS $12.40-$13.00 (64-66% CAGR).
Outlook given at the October 15, 2026 Data Center Analyst Day; FY26 base excludes $166M of Cellular Module revenue; webcast replay posted for 90 days.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.