---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-015115"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:27:35.468817+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Semtech reports LTM net loss $440M; announces $250M convertible note offering

## Summary
- LTM net loss $440M (GAAP) vs. FY23 net income $61M; includes $280M goodwill impairment.
- Adjusted EBITDA $169M, adjusted gross profit $454M for LTM ended Q2 FY24.
- Third Amendment to credit agreement extends covenant relief to April 2026, contingent on $250M term loan prepayment.
- Plans to issue $250M convertible senior notes due 2028; net proceeds plus cash to prepay term loans.

## SEC filing metadata
- accession: 0000950103-23-015115
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000095010323015115/0000950103-23-015115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000095010323015115/dp201541_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-015115
- JSON: https://secwatch.observer/filing/0000950103-23-015115.json
- Plain text: https://secwatch.observer/filing/0000950103-23-015115.txt

## Key facts
- Material Agreements
  SEMTECH CORP amended Third Amendment to Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $250 million (effective 2023-10-19).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Value: $250 million
  - Effective: 2023-10-19
  source text: On October 19, 2023, Semtech Corporation (the “ Company ”), with certain of its domestic subsidiaries as guarantors, entered into that certain Third Amendment to Third Amended and Restated Credit Agreement (the “ Third Amendment ”) with the lenders referred to therein and JPMorgan Chase Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000095010323015115/0000950103-23-015115-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.