Semtech (SMTC) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Semtech is expected to report Q2 fiscal 2027 results after the market closes on August 25, 2026. Analysts anticipate earnings of $0.614 per share and revenue of $328.6 million, compared with company guidance of $0.590–$0.630 EPS.
• The company’s previous quarter exceeded expectations, with EPS of $0.51 versus the $0.45 consensus and revenue of $291.0 million, up 15.9% year over year.
• Semtech shares have surged 9.9% and analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $189.07 average price target, although insiders have sold more than $3.2 million in stock over the past 90 days.

Semtech (NASDAQ:SMTC - Get Free Report) is expected to be releasing its Q2 2027 results after the market closes on Tuesday, August 25th. Analysts expect the company to post earnings of $0.6140 per share and revenue of $328.6440 million for the quarter. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Interested persons can check the company's upcoming Q2 2027 earning overview page for the latest details on the call scheduled for Tuesday, August 25, 2026 at 4:30 PM ET.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. The business had revenue of $291.02 million during the quarter, compared to the consensus estimate of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. On average, analysts expect Semtech to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Semtech Trading Up 9.9%

NASDAQ:SMTC opened at $154.22 on Tuesday. Semtech has a 52 week low of $46.02 and a 52 week high of $177.35. The firm has a 50-day moving average price of $140.52 and a two-hundred day moving average price of $116.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of -395.44 and a beta of 2.35.

Insider Activity

In related news, EVP Jason Elliot Green sold 2,264 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total value of $294,093.60. Following the transaction, the executive vice president owned 8,611 shares in the company, valued at approximately $1,118,568.90. This represents a 20.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total value of $1,086,300.00. Following the transaction, the chief operating officer directly owned 96,862 shares of the company's stock, valued at approximately $12,378,963.60. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 22,234 shares of company stock worth $3,203,091. 0.44% of the stock is owned by insiders.

Institutional Trading of Semtech

Several hedge funds have recently made changes to their positions in SMTC. Corient Private Wealth LLC purchased a new position in shares of Semtech during the 4th quarter valued at $221,000. Pacer Advisors Inc. grew its stake in Semtech by 38.8% in the 4th quarter. Pacer Advisors Inc. now owns 16,129 shares of the semiconductor company's stock valued at $1,189,000 after buying an additional 4,509 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Semtech by 23.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,987,888 shares of the semiconductor company's stock valued at $146,488,000 after acquiring an additional 374,548 shares during the period. Invesco Ltd. raised its holdings in Semtech by 20.3% during the 4th quarter. Invesco Ltd. now owns 1,251,104 shares of the semiconductor company's stock valued at $92,194,000 after acquiring an additional 211,149 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Semtech during the fourth quarter worth $514,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SMTC shares. Roth Capital upped their target price on Semtech from $102.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, May 27th. Stifel Nicolaus lifted their price target on Semtech from $157.00 to $188.00 and gave the stock a "buy" rating in a report on Wednesday, May 27th. Susquehanna boosted their price objective on Semtech from $170.00 to $200.00 and gave the stock a "positive" rating in a research report on Wednesday, May 27th. Benchmark boosted their price objective on Semtech from $120.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Semtech in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $189.07.

About Semtech

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company's products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech's portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.

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