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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.
Semtech (SMTC) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.11 per share a year ago.
CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Announces Second Quarter of Fiscal Year 2026 Results.