• Reported GAAP EPS of -$0.32 down -166.67% YoY • Reported revenue of $274.4M up 9.32% YoY • Semtech expects first quarter fiscal year 2027 net sales of $283M +/- $5M, adjusted gross margin of 52.8% +/- 50 bps, and adjusted diluted earnings per share of $0.45 +/- $0.03.
Bullish
Semtech achieved record net sales and strong Non-GAAP adjusted earnings, while strategically positioning for growth in data center and optical interconnect technologies through R&D investment.
Bearish
Semtech reported GAAP diluted losses per share and significant goodwill impairments, alongside an inability to reconcile forward-looking non-GAAP to GAAP results due to high variability.