Semtech Corp

SMTC

Equity

ISIN US8168501018 / Valor 969640

NASDAQ (2024-09-16)

USD 40.06-3.77%

Semtech Corp
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About company

Semtech Corporation is a high-performance semiconductor company specializing in IoT systems and Cloud connectivity services. The company is known for its LoRa chipsets, which enable real-time communication of data and analytics for IoT applications. Semtech is also a pioneer in power management ICs for various industries, leading the way in enabling greener, smarter, and smaller end products. Additionally, the company offers Transient Voltage Suppression (TVS) protection solutions to safeguard electronics systems against damage from voltage transients. Semtech's AptoVision BlueRiver™ Technology provides higher performance, flexibility, and scalability to the Pro AV industry using Ethernet networks.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

Semtech Corp reported net sales of $238.4 million for the second quarter of fiscal year 2024, which ended on July 30, 2023. This represents an increase of 0.8% sequentially and 13.9% year-over-year.

Gross Margin

For the second quarter of fiscal year 2024, Semtech Corp achieved a GAAP gross margin of 42.3% and a Non-GAAP gross margin of 49.6%. These figures highlight the company's efficiency in managing production costs relative to its revenue.

Net Loss

Semtech Corp reported a GAAP net loss attributable to common stockholders of $382.0 million, or $5.97 diluted loss per share, for the second quarter of fiscal year 2024. This significant loss was influenced by various factors including high operating expenses and interest costs.

Non-GAAP Earnings

On a Non-GAAP basis, Semtech Corp reported net income attributable to common stockholders of $7.0 million, or $0.11 diluted earnings per share, for the second quarter of fiscal year 2024. This performance exceeded the company's estimates due to focused cost-saving initiatives.

Third Quarter Outlook

Looking ahead, Semtech Corp expects net sales for the third quarter of fiscal year 2024 to be in the range of $190.0 million to $210.0 million. The company also anticipates a GAAP gross margin between 41.5% and 44.0%, reflecting ongoing economic uncertainties and high channel inventory.

Summarized from source with an LLMView Source

Key figures

60.4%1Y

-48.9%3Y

-17.8%5Y

Performance

67.3%1Y

57.3%3Y

54.8%5Y

Volatility