SMTC
Semtech Corporation71.13
-1.41-1.94%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
Key Stats
Market Cap
6.58BP/E (TTM)
127.02Basic EPS (TTM)
0.56Dividend Yield
0%Recent Filings
10-K
8-K
10-Q
Q3 FY2026 results
Semtech posted Q3 FY2026 net sales of $267M, up 13% y/y from $237M, fueled by data center and LoRa demand across segments while ISC dipped on connectivity. Gross margin held steady at 51.9%, operating income jumped to $31M (up 75% y/y), but net loss narrowed to $2.9M from $7.6M as $27M interest—spiked by induced conversions of 2027/2028 Notes—offset gains; taxes added $7.3M. Cash hit $165M with $120M YTD operating cash flow (FCF not disclosed in the 10-Q.), Term Loans cleared, $451M revolver available, and $491M long-term debt (mostly 0% 2030 Notes). Debt exchanges issued 5M shares. Supply chain disruptions loom large.
8-K
Record sales, margin gains
Semtech posted record Q3 FY2026 net sales of $267.0 million, up 13% year-over-year, with GAAP operating margin surging to 11.6% from 7.5%. Non-GAAP adjusted EPS hit $0.48, up from $0.26, fueled by R&D leverage and customer partnerships. Margins expanded sharply. Q4 guides $273 million sales, $0.43 adjusted EPS.
8-K
Semtech prices $402.5M notes
Semtech priced $350M of 0% convertible senior notes due 2030, upsized to $402.5M after full greenshoe exercise. Net proceeds of $391.2M fund exchanges of $219M 2027 Notes and $62M 2028 Notes—leaving $100.5M 2027s outstanding—plus $56.3M term loan repayment. Capped calls at $101.05 strike mitigate dilution. Notes rank equal to existing convertibles.
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