Semtech Q1 net sales rise on data center, LoRa design wins

[출처/시간] Reuters - 4:19 PM ET, 05/26/2026

Overview

* US semiconductor supplier's fiscal Q1 net sales rose ?16% yr/yr, beating analyst expectations
* Adjusted ?EPS for fiscal Q1 beat analyst expectations
* ?Company cites expanding design wins in data center and LoRa businesses as growth drivers

Outlook

* Semtech sees Q2 net sales at $328.0 mln +/- $5.0 mln
* Company expects Q2 adjusted diluted EPS of $0.61 +/- $0.02
* Semtech expects data center growth to accelerate throughout fiscal 2027

Result Drivers

* DATA CENTER & LoRa DEMAND - Co said expanding design wins in data center and LoRa businesses drove growth
* PRODUCT LAUNCHES - FiberEdge and ?CopperEdge 1.6T revenues contributed to growth, per CEO Hong ?Hou
* OPERATING ?LEVERAGE - Improved profitability attributed to operating leverage and strong ?operational fundamentals, per CFO Mark Lin

Company press release:

Key Details



Metric Beat/Mis Actual Consensu
s s
Estimate


Q1 Net Beat $291 mln $283.45
Sales mln (12
Analysts
)
Q1 Beat $0.51 $0.45
Adjusted (13
EPS Analysts
)
Q1 EPS $0.27
Q1 53.00%
Adjusted
Gross
Margin

Analyst Coverage

* The current average analyst rating on the shares ?is "buy" and the ?breakdown of recommendations is 14 "strong buy" or "buy", ?2 "hold" and no "sell" or "strong sell"
* The average consensus recommendation ?for the semiconductors peer group is "buy"
* Wall Street's median 12-month ?price ?target for
Semtech Corp
is $150.00, about ?4.3% below its May 22 closing price of $156.78
* The ?stock recently traded at 64 times the next 12-month earnings vs. a P/E of 37 three months ago

For questions ?concerning the data in ?this report, contact Estimates.Support@lseg.com. For ?any other questions or feedback, contact .

(This story was created using Reuters ?automation and AI based on LSEG and company data. It was checked and edited ?by a Reuters journalist ?prior to publication.)