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May 27, 2026 8:00 AM

These Analysts Boost Their Forecasts On Semtech Following Upbeat Q1 Results

Semtech Corp. (NASDAQ:SMTC) on Tuesday posted better-than-expected first-quarter results and issued strong guidance.

Semtech reported quarterly earnings of 51 cents per share, which beat the consensus estimate of 45 cents, according to Benzinga Pro data. Quarterly revenue came in at $291 million, which beat the analyst consensus estimate of $283.45 million and was up from $251.1 million in the same period last year.

"Semtech is off to an exceptional start in fiscal year 2027, delivering record quarterly results and expanding design wins across our data center and LoRa businesses," said CEO Hong Hou.

Semtech expects second-quarter adjusted EPS of 59 cents to ...