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Semtech's NASDAQ: SMTC stock price action has been in rebound mode since April, and it will likely continue higher through the year's end. The price action will likely continue higher because market forces, including the results, outlook, business quality, analysts, institutions, and short-sellers, are coming into alignment.
Shattering a quarterly record for net sales, specialty chipmaker Semtech (SMTC 15.37%) made a splash on the stock market Tuesday with its latest earnings report. Investors flocked to the company that day, leaving it with a more than 15% gain on its share price at closing.
Semtech Corporation (NASDAQ: SMTC) shares surged 16% on Tuesday after the semiconductor company reported second-quarter fiscal 2026 results that outpaced Wall Street expectations. The earnings release, coupled with a series of analyst upgrades, underscored growing confidence in Semtech's turnaround and positioning in high-growth markets such as fibre optics and AI data centres.
Semtech delivered a strong quarter, beating on both revenue and EPS, and improving non-GAAP profitability and margins. I see the data center business as a key growth driver, benefiting from hyperscaler CapEx and AI infrastructure trends, with LPO and CopperEdge poised for major adoption. I was concerned about Semtech's valuation and Wall Street's hyped up growth narrative around the stock, but I think expectations have reset over the past two quarters.
Semtech stock jumped after the chipmaker delivered a beat-and-raise earnings report, helped by strong data center demand.
Semtech posts strong Q2 results, with revenues up 20% year over year, fueled by data center and IoT demand.
CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Announces Upcoming Investor Conferences.
Semtech Corporation (NASDAQ:SMTC ) Q2 2026 Earnings Conference Call August 25, 2025 4:30 PM ET Company Participants Hong Q. Hou - President, CEO & Director Mark Lin - Executive VP & CFO Mitchell J.
Although the revenue and EPS for Semtech (SMTC) give a sense of how its business performed in the quarter ended July 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.