Semtech FY27 Q2 GAAP diluted EPS rises to $1.59; net sales climb 33% year-over-year to $341.9 million

Reuters2026/08/26 11:07

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Semtech posted GAAP diluted EPS of USD 1.59, swinging from a loss a year earlier; GAAP operating margin widened 7.4 percentage points to 16.3%.
Net sales rose 17% sequentially to USD 341.9 million, climbing 33% from a year earlier; GAAP gross margin improved 1.8 percentage points to 53.8%.
On a non-GAAP basis, adjusted diluted EPS increased 39% year-over-year to USD 0.71; adjusted operating margin widened 5.6 percentage points to 24.4%.
Management cited record revenue, accelerating bookings, record backlog, and progress on portfolio optimization; it highlighted visibility extending well into next fiscal year.
For Q3, net sales are forecast at USD 410 million plus or minus USD 5 million; non-GAAP adjusted diluted EPS is guided to USD 1.05 plus or minus USD 0.03.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Semtech Corporation published the original content used to generate this news brief on August 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Semtech FY27 Q2 GAAP diluted EPS rises to $1.59; net sales climb 33% year-over-year to $341.9 million

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