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Semtech ( (SMTC) ) has issued an update.
Semtech Corporation reported record net sales of $267.0 million for the third quarter of fiscal year 2026, marking a 13% year-over-year growth. The company achieved improvements in both GAAP and Non-GAAP financial metrics, including gross and operating margins, and reduced its GAAP diluted loss per share from $0.10 to $0.03 compared to the previous year. These results reflect the company’s strategic R&D investments and strong customer partnerships, positioning it to lead in ultra-power-efficient solutions for data center networking, LoRa connectivity, and AI interfaces. The financial performance demonstrates leverage in Semtech’s financial model, with growth in operating and free cash flows and reduced interest costs, which are being reinvested to accelerate growth in its core portfolio.
The most recent analyst rating on (SMTC) stock is a Hold with a $64.00 price target. To see the full list of analyst forecasts on Semtech stock, see the SMTC Stock Forecast page.
Spark’s Take on SMTC Stock
According to Spark, TipRanks’ AI Analyst, SMTC is a Neutral.
Semtech’s overall stock score reflects a stable financial performance with strong cash flow generation, but challenges in profitability and valuation. The earnings call provided a positive outlook with growth in key segments, contributing to a higher score. However, technical analysis and valuation concerns weigh down the overall score.
To see Spark’s full report on SMTC stock, click here.
More about Semtech
Semtech Corporation is a leading provider of high-performance semiconductor, Internet of Things (IoT) systems, and cloud connectivity service solutions.
Average Trading Volume: 1,801,261
Technical Sentiment Signal: Buy
Current Market Cap: $5.73B
See more data about SMTC stock on TipRanks’ Stock Analysis page.