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Semtech Corp (SMTC) stock

SMTCNasdaqSemiconductors & Related DevicesFiscal year ends January 31
Financials through Q2 FY2026, quarter ended Jul 26, 2026Last filing: 10-Q on Aug 26, 2026Score 8/30220% above fair value
$127.38−13.47 (-9.56%)

Close on Oct 30, 2026Market cap $11.89BP/E 84.4Yield –

Earnings

Semtech's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 23, 2026
Q3 FY2026 · estimated, after the close
Revenue, Q2 FY2026
$341.90M
+32.7% on a year earlier
Non-GAAP adjusted diluted earnings per share, Q2 FY2026
$0.71
$0.41 a year earlier
Latest guidance
Issued
Aug 25, 2026 · 5 items

Quarterly results

Revenue and earnings per share from each of Semtech's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q3 FY2026ended Oct 26, 2026Nov 23, 2026Expected–––––
Q2 FY2026ended Jul 26, 2026Aug 25, 2026after the close$341.90M+32.7%$1.59$0.71Release
Q1 FY2026ended Apr 26, 2026May 26, 2026after the close$291.00M+15.9%$0.27$0.51Release
Q4 FY2025ended Jan 25, 2026Mar 16, 2026after the close$274.40M+9.3%-$0.32$0.44Release
Q3 FY2025ended Oct 26, 2025Nov 24, 2025after the close$267.00M+12.8%-$0.03$0.48Release
Q2 FY2025ended Jul 27, 2025Aug 25, 2025after the close$257.60M+19.6%-$0.31$0.41Release
Q1 FY2025ended Apr 27, 2025May 27, 2025after the close$251.10M+21.8%$0.22$0.38Release
Q4 FY2024ended Jan 26, 2025Mar 13, 2025after the close$251.00M+30.1%$0.43$0.40Release
Q3 FY2024ended Oct 27, 2024Nov 25, 2024after the close$236.80M+17.9%-$0.10$0.26Release
Q2 FY2024ended Jul 28, 2024Aug 27, 2024after the close$215.40M-9.6%-$2.61$0.11Release
Q1 FY2024ended Apr 28, 2024Jun 5, 2024after the close$206.10M-12.9%-$0.36$0.06Release
Q4 FY2023ended Jan 28, 2024Mar 28, 2024after the close$192.90M+15.2%-$9.98-$0.06Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Semtech's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Adjusted diluted earnings per share*non-GAAPQ3 FY2026$0.41 – $0.47–NewAug 25, 2025
Adjusted interest and other expense, net*non-GAAPQ3 FY2026-$5.00M–NewAug 25, 2025
Adjusted normalized tax rate*non-GAAPQ3 FY202615%–NewAug 25, 2025
Non-GAAP diluted share count*non-GAAPQ3 FY202691.6–NewAug 25, 2025
Adjusted diluted earnings per sharenon-GAAPQ4 FY2026$0.40 – $0.46–NewNov 24, 2025
Adjusted interest and other expense, netnon-GAAPQ4 FY2026-$500.00K–NewNov 24, 2025
Adjusted normalized tax ratenon-GAAPQ4 FY202615%–NewNov 24, 2025
Non-GAAP diluted share countnon-GAAPQ4 FY202695.7–NewNov 24, 2025
Adjusted diluted earnings per share*non-GAAPQ1 FY2027$0.42 – $0.48–NewMar 16, 2026
Adjusted interest and other expense, net*non-GAAPQ1 FY2027$500.00K–NewMar 16, 2026
Adjusted normalized tax rate*non-GAAPQ1 FY202717%–NewMar 16, 2026
Non-GAAP diluted share count*non-GAAPQ1 FY202796.6–NewMar 16, 2026
Net salesGAAPQ2 FY2027$328.00M–NewMay 26, 2026
Adjusted gross marginnon-GAAPQ2 FY202754%–NewMay 26, 2026
Adjusted operating incomenon-GAAPQ2 FY2027$71.90M–NewMay 26, 2026
Adjusted operating marginnon-GAAPQ2 FY202721.9%–NewMay 26, 2026
Adjusted EBITDAnon-GAAPQ2 FY2027$79.20M–NewMay 26, 2026
Adjusted diluted earnings per sharenon-GAAPQ2 FY2027$0.61–NewMay 26, 2026
Adjusted EBITDA marginnon-GAAPQ2 FY202724.2%–RaisedMay 26, 2026
Adjusted interest and other expense, netnon-GAAPQ2 FY2027$500.00K–LoweredMay 26, 2026
Adjusted normalized tax ratenon-GAAPQ2 FY202717%–NewMay 26, 2026
Adjusted operating expenses, netnon-GAAPQ2 FY2027$105.20M–NewMay 26, 2026
Non-GAAP diluted share countnon-GAAPQ2 FY202797.7–NewMay 26, 2026
Adjusted diluted earnings per share*non-GAAPQ3 FY2027$1.02 – $1.08–NewAug 25, 2026
Adjusted interest and other expense, net*non-GAAPQ3 FY2027$500.00K–NewAug 25, 2026
Adjusted normalized tax rate*non-GAAPQ3 FY202718%–NewAug 25, 2026
Non-GAAP diluted share count*non-GAAPQ3 FY202799–NewAug 25, 2026
non-GAAP normalized tax ratenon-GAAPFY202718%–NewAug 25, 2026

Guidance vs results

The last range Semtech gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q2 FY2026Adjusted diluted earnings per share*$0.37 – $0.43$0.71Above range
Q1 FY2026Adjusted diluted earnings per share*$0.34 – $0.40$0.51Above range
Q4 FY2025Diluted earnings per share$0.29 – $0.35$0.44Above range
Q3 FY2025Diluted earnings per share$0.23$0.48Above range
Q3 FY2025Revenue$233.00M$267.00MAbove range
Q2 FY2025Diluted earnings per share$0.09$0.41Above range
Q2 FY2025Revenue$212.00M$257.60MAbove range
Q1 FY2025Diluted earnings (loss) per share$0.00$0.38Above range
Q1 FY2025Revenue$200.00M$251.10MAbove range
Q4 FY2024Diluted (loss) per share-$0.05$0.40Above range
Q4 FY2024Revenue$190.00M$251.00MAbove range
Q3 FY2024Non-GAAP Diluted loss per share-$0.22 – -$0.09$0.26Above range

Guidance history

Every forecast Semtech put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Aug 25, 2026Adjusted diluted earnings per share*Q3 FY2027$1.02 – $1.08New
Aug 25, 2026non-GAAP normalized tax rateFY202718%New
Aug 25, 2026Non-GAAP diluted share count*Q3 FY202799New
Aug 25, 2026Adjusted normalized tax rate*Q3 FY202718%New
Aug 25, 2026Adjusted interest and other expense, net*Q3 FY2027$500.00KNew
May 26, 2026Adjusted EBITDAQ2 FY2027$79.20MNew
May 26, 2026Adjusted diluted earnings per shareQ2 FY2027$0.61New
May 26, 2026Adjusted gross marginQ2 FY202754%New
May 26, 2026Adjusted operating incomeQ2 FY2027$71.90MNew
May 26, 2026Adjusted operating marginQ2 FY202721.9%New
May 26, 2026Non-GAAP diluted share countQ2 FY202797.7New
May 26, 2026Adjusted normalized tax rateQ2 FY202717%New
May 26, 2026Adjusted EBITDA marginQ2 FY202724.2%Raised
May 26, 2026Adjusted operating expenses, netQ2 FY2027$105.20MNew
May 26, 2026Adjusted interest and other expense, netQ2 FY2027$500.00KLowered
May 26, 2026Net salesQ2 FY2027$328.00MNew
Mar 16, 2026Adjusted diluted earnings per share*Q1 FY2027$0.42 – $0.48New
Mar 16, 2026Non-GAAP diluted share count*Q1 FY202796.6New
Mar 16, 2026Adjusted normalized tax rate*Q1 FY202717%New
Mar 16, 2026Adjusted interest and other expense, net*Q1 FY2027$500.00KNew

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Semtech filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. News
  3. Results
  4. Results
  5. Results
  6. News
  7. News
  8. Results
  9. Results
  10. Update
  11. Results
  12. News
  13. Results
  14. Results
  15. News