Semtech reports Q3 adjusted EPS 48c, consensus 45c

Reports Q3 revenue $267M, consensus $266.42M. “Our strong results this quarter reflect returns on our disciplined R&D investments and the deep and expanding partnerships we have established with our customers,” said Hong Hou, president and chief executive officer. “As power constraints intensify for our customers, we believe we are positioned to lead with ultra-power-efficient solutions spanning high-bandwidth data center networking, LoRa connectivity for rapidly expanding IoT use cases, and sensing technologies that enhance the functionality of next-generation AI interfaces.”