Semtech (NASDAQ:SMTC) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Semtech (NASDAQ:SMTC) posted its earnings results on Monday. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03, Briefing.com reports. The firm had revenue of $236.80 million for the quarter, compared to analyst estimates of $232.89 million. Semtech had a negative return on equity of 154.99% and a negative net margin of 99.08%. Semtech’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. Semtech updated its Q4 guidance to $0.29-0.35 EPS and its Q4 2025 guidance to 0.290-0.350 EPS.

Semtech Stock Performance

NASDAQ SMTC opened at $63.11 on Wednesday. The stock’s 50 day simple moving average is $45.83 and its 200-day simple moving average is $38.96. Semtech has a 1-year low of $15.63 and a 1-year high of $66.64.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price (up from $50.00) on shares of Semtech in a report on Tuesday. Summit Insights downgraded Semtech from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Roth Mkm increased their price target on Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. Northland Securities increased their price target on Semtech from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating and set a $75.00 price target (up previously from $60.00) on shares of Semtech in a research report on Tuesday. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.70.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.