Semtech (NASDAQ:SMTC) Issues Q3 2026 Earnings Guidance

Key Points

• Semtech has revised its Q3 2026 earnings guidance to an EPS range of 0.410-0.470, slightly above the consensus estimate of 0.438.
• The company's revenue guidance is set between $261 million and $271 million, compared to the consensus estimate of $264.7 million.
• Semtech's stock has a consensus rating of "Moderate Buy" from analysts, with a target price averaging $59.58.

Semtech (NASDAQ:SMTC - Get Free Report) updated its third quarter 2026 earnings guidance on Monday. The company provided EPS guidance of 0.410-0.47 for the period, compared to the consensus EPS estimate of 0.438. The company issued revenue guidance of $261.0 million-$271.0 million, compared to the consensus revenue estimate of $264.7 million.

Analysts Set New Price Targets

A number of research firms recently weighed in on SMTC. Needham & Company LLC reaffirmed a "buy" rating and set a $54.00 price objective on shares of Semtech in a research report on Wednesday, May 28th. UBS Group cut their price target on shares of Semtech from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Morgan Stanley set a $43.00 price objective on shares of Semtech in a research note on Wednesday, May 28th. Benchmark reiterated a "buy" rating and set a $68.00 price target on shares of Semtech in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus boosted their price objective on shares of Semtech from $45.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.58.

Semtech Stock Down 0.2%

SMTC traded down $0.09 during trading hours on Monday, reaching $51.00. 3,638,539 shares of the stock traded hands, compared to its average volume of 2,397,796. The firm's fifty day simple moving average is $48.26 and its two-hundred day simple moving average is $39.81. Semtech has a fifty-two week low of $24.05 and a fifty-two week high of $79.52. The company has a market cap of $4.42 billion, a price-to-earnings ratio of -24.76 and a beta of 1.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 1.81.

Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings results on Monday, August 25th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.18). Semtech had a positive return on equity of 19.66% and a negative net margin of 12.52%. Semtech has set its Q3 2026 guidance at 0.410-0.47 EPS. As a group, analysts forecast that Semtech will post -0.02 earnings per share for the current fiscal year.

Insider Transactions at Semtech

In other news, COO Asaf Silberstein sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $42.98, for a total transaction of $85,960.00. Following the sale, the chief operating officer owned 105,996 shares in the company, valued at $4,555,708.08. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Lin sold 999 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $43.84, for a total transaction of $43,796.16. Following the transaction, the chief financial officer directly owned 17,211 shares in the company, valued at $754,530.24. The trade was a 5.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Semtech

Large investors have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in Semtech by 10.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company's stock valued at $321,040,000 after purchasing an additional 666,456 shares during the period. State Street Corp boosted its holdings in Semtech by 1.5% in the 2nd quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company's stock valued at $182,235,000 after purchasing an additional 60,788 shares during the period. Alliancebernstein L.P. boosted its holdings in Semtech by 9.8% in the 2nd quarter. Alliancebernstein L.P. now owns 3,318,384 shares of the semiconductor company's stock valued at $149,792,000 after purchasing an additional 294,990 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in Semtech by 4.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,894,536 shares of the semiconductor company's stock valued at $130,659,000 after purchasing an additional 115,921 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Semtech by 1.1% in the 2nd quarter. Bank of America Corp DE now owns 704,609 shares of the semiconductor company's stock valued at $31,806,000 after purchasing an additional 7,574 shares during the period.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.

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