Semtech reported second-quarter adjusted earnings per share of $0.71, exceeding analyst expectations by $0.10 and rising from $0.58 in the same period last year. Revenue totaled $341.9 million, surpassing the consensus estimate of $328.64 million and up 16% year-over-year.
For the third quarter of fiscal 2027, the company guided adjusted EPS to a range of $1.02 to $1.08, well above the $0.73 consensus. Revenue guidance was set between $405 million and $415 million, compared with the $379 million estimate. The updated outlook reflects stronger-than-anticipated demand and improved operational efficiency.
Semtech’s stock closed at $127.52, down 16.4% over the past three months but up 117.17% over the last 12 months. Analysts have revised earnings estimates upward, with 13 positive revisions and none negative in the last 90 days. InvestingPro’s financial health score for the company remains classified as "fair performance."
