Semtech Q2 Earnings Beat: Can Positive Q3 Guidance Lift Shares?
SMTCSemtech(SMTC) ZACKS·2024-08-29 01:21

Semtech Corporation’s (SMTC) second-quarter fiscal 2025 non-GAAP earnings of 11 cents per share beat the Zacks Consensus Estimate by 10%. The bottom line declined 15.4% year over year. Net sales of 215.4millionsurpassedtheZacksConsensusEstimateof215.4 million surpassed the Zacks Consensus Estimate of 212.42 million. The figure declined 9.6% from the prior-year quarter’s levels.However, SMTC provided positive guidance for third-quarter fiscal 2025. At the mid-point, it now expects growth in net sales, gross, operating and adjusted EBITDA margins. This c ...