Financial PerformanceSemtech posted revenue of $267 million, slightly ahead of the Street consensus of $266.4 million and EPS of $0.48, or $0.04 ahead of expectations.
Market ExpansionSemtech has signed several U.S. hyperscaler customers, increasing from just two previously.
Revenue GrowthSequential and annual revenue growth in Semtech's Infrastructure Data Center, PerSe Sensing, and LoRa applications, as well as new opportunities in LPO modules and ACCs, offer solidly accretive margins.