Semiconductor maker Semtech posted second-quarter adjusted earnings per share of $0.71, exceeding the $0.61 consensus estimate by $0.10, while revenue rose 17% year-over-year to $341.9 million against a $328.64 million forecast.
The company also provided third-quarter guidance that significantly outpaced analyst expectations. Semtech projected adjusted EPS of $1.02 to $1.08, well above the $0.73 consensus, and revenue of $405 million to $415 million, compared with a $379 million estimate.
Semtech’s shares closed at $127.52 on August 25, up $6.61, or 5.47%, following the results. The stock has gained 117.17% over the past 12 months but remains down 16.40% over the last three months.
Over the past 90 days, Semtech has seen 13 positive EPS revisions and no negative adjustments, according to InvestingPro data. The company’s financial health was rated as "fair performance" by InvestingPro’s scoring system, while its ProPicks AI metric has previously flagged Siemens Energy and Sandisk among its top performers.
