Semtech Reports Strong Q1 2026 Financial Results

The latest update is out from Semtech ( (SMTC) ).

On May 27, 2025, Semtech Corporation announced its financial results for the first quarter of fiscal year 2026, ending April 27, 2025. The company reported net sales of $251.1 million, marking a 22% year-over-year growth. The GAAP gross margin increased to 52.3%, and the non-GAAP adjusted gross margin rose to 53.5%. Semtech’s GAAP diluted earnings per share improved to $0.22 from a loss of $0.36 a year ago, while the non-GAAP adjusted diluted earnings per share increased to $0.38 from $0.06. The company highlighted strong business fundamentals, strategic investments, and debt reduction efforts as key factors contributing to its improved financial performance.

The most recent analyst rating on (SMTC) stock is a Buy with a $50.00 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 significant financial challenges, including high leverage and negative net income, which are major concerns. However, recent earnings call highlights and corporate events provide optimism with strong revenue growth, improved margins, and better financial flexibility. The technical outlook is moderately positive, but valuation concerns persist due to negative earnings.

To see Spark’s full report on SMTC stock, click here.

More about Semtech

Semtech Corporation is a provider of high-performance semiconductors, IoT systems, and cloud connectivity services.

Average Trading Volume: 2,521,348

Technical Sentiment Signal: Sell

Current Market Cap: $3.23B

For a thorough assessment of SMTC stock, go to TipRanks’ Stock Analysis page.