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

Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2026-10-15T21:21:03+00:00
Accession:  0000088941-26-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 7.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894126000041/0000088941-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894126000041/smtc-20261015.htm
  HTML page:      https://secwatch.observer/filing/0000088941-26-000041

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