Semtech (SMTC) News Today

Semtech Corporation (NASDAQ:SMTC) stock is moving higher amid record quarterly sales, multiple analyst price‐target increases and positive sector commentary, although several Roth Capital earnings estimate cuts are tempering the upside.

• Positive Sentiment: Semtech reported record Q2 2026 sales and outlined strategic investments in its latest earnings call, highlighting double-digit segment growth and raised guidance for the back half of the year. Earnings Call Highlights
• Positive Sentiment: Piper Sandler raised its SMTC price target to $65.00 and maintained an “overweight” rating, citing robust demand trends in optical and connectivity markets. Piper Forecast
• Positive Sentiment: Needham & Company increased its Semtech price target from $54.00 to $60.00 with a “buy” rating, reflecting strength in AI-driven infrastructure applications. Needham Price Target
• Positive Sentiment: Benchmark reiterated its “buy” rating with a $68.00 objective, pointing to Semtech’s leading role in the AI and IoT chip markets. Benchmark Report
• Positive Sentiment: Roth Capital raised its Q3 2027 EPS estimate to $0.51 (from $0.49), signaling improving profitability trends. Roth Capital Estimates
• Positive Sentiment: SMTC shares gapped up on recent analyst upgrades, reflecting strong investor buying interest. Shares Gap Up
• Positive Sentiment: Piper Sandler reiterated expectations that SMTC’s stock price will rise, citing sustained end-market momentum and margin expansion. Piper Sandler Price Rise
• Neutral Sentiment: Semtech issued Q3 2026 guidance of $0.41–$0.47 EPS and $261–$271 million revenue, roughly in line with consensus expectations. Earnings Guidance
• Neutral Sentiment: Analysts maintain a “Moderate Buy” consensus on SMTC, with 11 of 13 covering analysts recommending buys and no sell ratings. Consensus Recommendation
• Negative Sentiment: Semtech missed Q2 2026 EPS by $0.18, reporting $0.22 vs. a $0.40 consensus, as margins contracted. Earnings Miss
• Negative Sentiment: Roth Capital trimmed its Q2 2027 EPS forecast to $0.36 (from $0.37), citing a softer IoT outlook. Q2 2027 EPS Revision
• Negative Sentiment: Roth Capital lowered its Q1 2027 EPS estimate to $0.23 (from $0.25) amid moderating wireless demand. Q1 2027 EPS Revision
• Negative Sentiment: Roth Capital cut its Q3 2026 EPS forecast to $0.34 (from $0.37), reflecting margin headwinds. Q3 2026 EPS Revision
• Negative Sentiment: Roth Capital reduced its FY2027 EPS forecast to $1.59 (from $1.61) and FY2026 to $1.27 (from $1.33), signaling caution on full-year growth. FY EPS Revision
• Negative Sentiment: Roth Capital lowered its Q4 2026 EPS estimate to $0.32 (from $0.36), pointing to near-term earnings risks. Q4 2026 EPS Revision