Semtech Corp (SMTC) Financials
Key financial figures for Semtech Corp (Q2 2027).
Semtech posted record Q2 FY2027 net sales of $341.9 million (up 33% year-over-year), beating its own guidance range, driven by continued AI data center demand for its Signal Integrity interconnect ICs. Net sales of $341.9 million, up 17% sequentially and 33% year-over-year, above the top of prior guidance. GAAP gross margin was 53.8%; adjusted (non-GAAP) gross margin was 54.5%, both up from Q1 FY2027. GAAP diluted EPS was $1.59, driven mainly by a $101.4 million income tax benefit; adjusted diluted EPS was $0.71, up from $0.51 in Q1 FY2027. Adjusted operating income was $83.6 million (24.4% adjusted operating margin), up from 20.4% in Q1 FY2027. On the outlook: For Q3 FY2027, Semtech guided net sales of $410.0 million plus or minus $5.0 million, adjusted gross margin of 58.3% plus or minus 100 basis points, adjusted operating margin of 31.0% plus or minus 60 basis points, adjusted diluted EPS of $1.05 plus or minus $0.03, and adjusted EBITDA margin of 32.8% plus or minus 60 basis points. Figures are for Q2 FY2027, as Semtech Corp. reported them.
- Revenue
- $342M
- Net Income
- $160M
- EPS
- $1.72
- Total Assets
- $1.6B
- Operating Cash Flow
- $69M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2027 | $342M | $160M | $1.59 | 16.32% | $61M |
| Q1 FY2027 | $291M | $27M | $0.27 | 8.86% | $28M |
| Q4 FY2026 | $274M | -$30M | -$0.32 | 11.22% | $47M |
| Q3 FY2026 | $267M | -$3M | -$0.03 | 11.92% | $45M |
| Q2 FY2026 | $258M | -$27M | -$0.31 | -6.29% | $39M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2026 | $1.1B | -$40M | -$0.46 | 3.1% | $160M |
| FY2025 | $909M | -$162M | -$2.26 | 5.49% | $44M |
| FY2024 | $869M | -$1.1B | -$17.03 | -108.7% | -$125M |
Frequently asked questions
What was Semtech Corp.'s revenue last quarter?
Semtech Corp. reported revenue of $341.9 million for Q2 FY2027, up 32.7% from the same period a year earlier.
Is Semtech Corp. profitable?
Yes. Semtech Corp. reported net income of $160.1 million for Q2 FY2027, a net margin of 46.83% on revenue.
How has Semtech Corp.'s margin trended?
Operating margin was 16.32% in Q2 FY2027, compared with -6.29% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Semtech Corp. report next?
Semtech Corp. is scheduled to report Q3 2027 results on 2026-11-23. That date is an estimate and has not been confirmed by the company.
Full income statement, balance sheet and cash flow for Semtech Corp on SentiSense, with up to forty quarters and twenty fiscal years of history.