Semtech jumps after Q2 results beat estimates

Semtech

26/08/2026 11:13

** Shares of semiconductor company and cloud services provider Semtech SMTC.O rise 4.5% to $133.3 premarket
** Company posts Q2 adjusted EPS of 71 cents, above analysts' estimate of 61 cents - data compiled by LSEG
** Q2 revenue of $341.9 mln comes in higher than the expectation of $328.64 mln; marks a jump of 33% YoY
** Results driven by accelerating bookings and robust backlog, expect visibility to extend into next fiscal year - CEO Hong Hou 
** Expects Q3 revenue of $410 mln, plus/minus $5 mln, and adjusted EPS of $1.05, plus/minus 3 cents, both above analysts' consensus estimates
** Fifteen of 17 brokerages rate the stock "buy" or higher and two "hold"; median PT is $202.25 - LSEG data
** As of last close, stock up 73.1% YTD

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))