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Semtech reported record fiscal Q2 revenue of $342 million, up 33% year-over-year, with adjusted earnings per share rising 73% to $0.71. Data centre revenue reached a record $100 million, driven by strong demand for 800G and 1.6T products. The company's LoRa-enabled revenue climbed 58% year-over-year to a record $58 million. Semtech expects roughly 65% year-over-year LoRa growth in Q3. For Q3, Semtech forecast revenue of $410 million at the midpoint, representing 54% year-over-year growth. The planned divestiture of its cellular-module operation is expected to improve adjusted gross margin by more than 500 basis points. Semtech generated operating cash flow of $69 million and free cash flow of $61 million during the quarter. The company ended the period with $204 million in cash and a net leverage ratio of 1.1.

Chipmaker Semtech smashes sales, earnings targets. Stock rises. * PATRICK SEITZ * Updated 04:41 PM ET 08/25/2026 Semtech (SMTC) late Tuesday smashed analyst estimates for its fiscal second quarter and with its outlook for the current period. Semtech stock rose in extended trades. The Camarillo, Calif.-based fabless chipmaker earned an adjusted 71 cents a share on sales of $341.9 million in the quarter ended July 26. Analysts polled by FactSet were expecting Semtech earnings of 61 cents a share on sales of $328.7 million. On a year-over-year basis, Semtech earnings jumped 73% while sales increased 33%. Chip Stocks Got Too Hot. Now What? Franklin Equity portfolio manager Jonathan Curtis breaks down why he believes the semiconductor selloff doesn't signal a downturn, with AI demand remaining strong, chip supply still constrained and hyperscaler spending continuing to support the trade. 0 seconds of 11 minutes, 50 secondsVolume 0% Chip Stocks Got Too Hot. Now What? See All Videos For the current quarter, Semtech forecast adjusted earnings of $1.05 a share on sales of $410 million. Wall Street had been modeling earnings of 73 cents a share on sales of $359.9 million. In the same quarter last year, Semtech earned an adjusted 48 cents a share on sales of $267 million. "Accelerating bookings and record backlog point to a strong inflection in growth with new revenue drivers and visibility expected to extend well into next fiscal year," Semtech Chief Executive Hong Hou said in a news release. "Growing our focus areas and expanding margins all serve the same goal: building a predictable, high-margin and high-return business." On Aug. 13, Semtech announced a deal to sell its cellular module business to Compal Electronics for $62 million in cash. The sale will allow Semtech to focus on its data center networking and LoRa (long-range) wireless connectivity chip businesses. Networking for AI data centers has been a key growth area lately for Semtech. Semtech stock rises after report. In after-hours trading on the stock market today, Semtech stock rose more than 3% to 131.40. During the regular session Tuesday, Semtech stock surged 5.5% to close at 127.52. On April 16, Semtech stock broke out of a cup base at a buy point of 96.46, according to IBD MarketSurge charts. It raced to a record high of 177.35 on June 15 before retreating in a broad semiconductor stock sell-off. Semtech stock delivered a clear sell signal on July 2 when it dived below its 50-day moving average line, a critical support level, based on IBD trading guidelines. Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. YOU MAY ALSO LIKE:

Semtech hosts LoRa Ecosystem Forum at IOTE 2026. Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected Internet of Things ("IoT") devices worldwide, will host the LoRa Global Ecosystem Forum at the 2026 International Internet of Things Exhibition (IOTE), taking place at the Shenzhen World Exhibition & Convention Center (Bao'an District) from Aug. 26-28. The company is exhibiting in Hall 10, Booth #10C51. Themed "Innovate, Connect, Achieve: LoRa Connects Future Industries and Global Markets," the Forum brings together LoRa ecosystem partners, customers and media for a discussion of where the LoRa ecosystem is headed and what's driving adoption across industrial and consumer IoT. As part of the Forum, Semtech will host a press conference for attending industry press along with multiple customer case studies and technology presentations from LoRa ecosystem members and Semtech subject matter experts. Participating ecosystem partners include Anxinke, Appcon, Beijing Guodian Hi-Tech Technology Co., Ltd., Hailian, HopeRF, Ipcom Wireless Technology Co., Ltd., Lierda Technology Group Co., Ltd., LoRa Alliance, Minew, Quectel, Rejeee, Shenzhen Huapu Microelectronics Co., Ltd., Shenzhen Seeed Technology Co., Ltd., Sowye, and Xiamen Milesight IoT Co., Ltd. LR2022 and LR2012 Now in Production The Forum coincides with the recently announced expansion of Semtech's LoRa Plus family: the LR2022 and LR2012 transceivers which are now available in production volumes. Based on Semtech's fourth-generation LoRa intellectual property (IP), the LR2022 is a multi-band transceiver designed for global terrestrial and non-terrestrial networks. The LR2012 is a sub-GHz LoRa transceiver designed for low-cost applications using purpose-built sensors. Together, the two devices extend the LoRa Plus family to address a wider spectrum of IoT application requirements - from cost-sensitive sub-GHz deployments to premium multi-band global tracking. "Device makers are supporting more use cases - smart home, industrial sensing, global tracking, and more - without adding a new chip for each use case," said Shahar Feldman, senior product marketing director of wireless ICs at Semtech. "LR2022 and LR2012 share the same fourth-generation LoRa IP and software platform, enabling design teams to build sub-GHz and multi-band products on one architecture, and simplifying supply chains, with fewer parts to source and qualify as these new products scale." IOTE In-Booth Demos Semtech will feature the following live product feature demonstrations at booth #10C51: * Video, image and audio transfer: Video transfer on fast long-range communication (FLRC) with LR2021 at up to 2.6 Mbps; image transfer on fast long-range protocol (FLRP) and audio over LoRa demonstrated through a live walkie-talkie demo * Z-Wave and Wi-SUN demos: Z-Wave, FLRC and Wi-SUN combined with LoRa as multiprotocol connectivity solutions, all with LR2021 * Ecosystem device showcase: On display: devices connected through one of the largest consumer-facing LoRa networks in the world - including child trackers, vehicle trackers, glass-break sensors, fire alarms, and more * Edge AI: Live demonstration showing how intelligence at the edge is transforming IoT deployments * Module ecosystem: Showcase of modules from multiple module makers built around the LR20xx LoRa Plus series * Real-world applications: Multi-protocol solutions spanning smart home, agriculture, industrial, and beyond About Semtech Semtech Corporation (Nasdaq: SMTC) is a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected IoT devices worldwide. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more, visit Semtech.com or follow us on LinkedIn or X. Semtech, the Semtech logo and LoRa are registered trademarks or service marks of Semtech Corporation or its subsidiaries. LoRa Plus is a trademark or service mark of Semtech Corporation or its subsidiaries. All other trademarks, service marks and trade names mentioned in this press release are the property of their respective owners. The Semtech Stock at the time of publication of the news with a fall of -1,97 % to 121,7 USD on Nasdaq stock exchange (25. August 2026, 01:56 Uhr). Business Wire (engl.) Autor folgen Verfasst von Letzte Änderung25.08.2026, 03:00 Im Artikel enthaltene Werte