Semtech Corporation Stock News

Semtech (NASDAQ:SMTC), a firm focusing on analog and mixed-signal semiconductors, experienced a stock increase of nearly 9% during Monday's trading. This surge comes amidst revitalized optimism following trade talks between U.S. and Chinese officials, which have sparked speculation that export restrictions on critical technologies may be eased.

We initiate on Semtech Corporation at Buy, as we believe the transition to higher-margin LoRa and FiberEdge franchises will compensate for near-term revenue headwinds from legacy and IoT divestiture risks. Our $52/sh price target is based on applying 4.5x EV/Sales multiple to our FY27E revenue estimate of $1.03 bn. We estimate FY26E/FY27E revenue of $980mn/$1.03bn.

Semtech's sequential growth has stalled, with Q1 results and Q2 guidance showing only modest improvement after a sharp stock pullback. Valuation remains aggressive; SMTC is trading at a significant premium to sector peers despite slowing growth momentum. CopperEdge's ramp-up later in the year is critical to justifying the current valuation and reigniting growth, but execution risk remains.

Semtech Corporation (NASDAQ:SMTC ) Q1 2026 Earnings Conference Call May 27, 2025 4:30 PM ET Company Participants Mark Lin - EVP & CFO Mitch Haws - SVP & IR Hong Hou - President & CEO Conference Call Participants Quinn Bolton - Needham & Company. Christopher Rolland - Susquehanna International Group Harsh Kumar - Piper Sandler Timothy Arcuri - UBS Joseph Moore - Morgan Stanley Tore Svanberg - St...

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Announces First Quarter of Fiscal Year 2026 Results.

SMTC has a history of outsized post-earnings moves. The stock gapped higher by 21.5% after its quarterly report in March, and added 18.1% after its earnings report in late November.

CAMARILLO, Calif.--(BUSINESS WIRE)--Smart water meter deployment already saving over 1.22 megaliters of water daily.

CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions, has achieved 99.95% network uptime in 2024 through its enhanced global mobile network infrastructure. This milestone underscores the company's commitment to securing mission-critical IoT deploymen...