What is Semtech's gross profit margin?

What were the key takeaways from Semtech’s earnings call?

What does Semtech do and what are its main business segments?

What were the key takeaways from Semtech's earnings call?

What factors drove the changes in Semtech's revenue and profit?

What is the revenue and EPS growth rate for Semtech year over year?

What is the market's earnings forecast for Semtech next quarter?

What is Semtech's latest dividend and current dividend yield?

- **Record Revenue Growth**: FY2026 net sales $1.05B (+15% YoY), Q4 $274.4M (+9% YoY).
- **Strategic Acquisition**: HieFo adds indium phosphide laser tech for 3.2T transceivers, FY27 revenue contribution ~$15-20M.
- **Data Center Momentum**: ACC copper cables and 1.6T optical transceivers drive >50% YoY growth in FY27 data center revenue.
- **LoRa Expansion**: FY2026 LoRa revenue $156M (+34% YoY), targeting 20%+ CAGR with multi-protocol LoRa Plus.
- **Strong Cash Flow**: FY2026 adj. EPS $1.71 (+94% YoY), operating cash flow $61.5M (+84% YoY).

**【CEO Opening Remarks】**
- Fiscal 2026 ended with record net sales of $1.05 billion, up 15% YoY, driven by data center and LoRa portfolios.
- Q4 net sales $274.4 million (+9% YoY), adj. EPS $0.44 (+10% YoY). 
- Acquired HieFo Corporation to expand indium phosphide laser capabilities for high-speed optical transceivers.
- Data center revenue expected to grow >50% YoY in FY27, fueled by ACC copper cables and 1.6T optical transceivers.

**【CFO Financial Commentary】**
- Q4 adj. gross margin 51.6%, up 350bps YoY due to favorable product mix.
- FY26 adj. EPS $1.71 (+94% YoY), operating cash flow $61.5M (+84% YoY).
- FY27Q1 outlook: net sales $283M (+13% YoY), adj. EPS $0.45.
- R&D investment focused on data center, LoRa and force sensing solutions.

**【Q&A Highlights】**
- **HieFo Integration**: Initial laser products in production, capacity expansion underway. FY27 revenue contribution ~$15-20M, scaling into FY28.
- **CopperEdge ACC**: Shipments to hyperscalers begin Q2FY27, targeting $100M+ annual revenue by FY28.
- **LoRa Growth**: FY26 revenue $156M (+34% YoY), targeting 20%+ CAGR driven by LoRa Plus multi-protocol support.
- **Cellular Module Divestiture**: Active buyer engagement, expects completion within Q2FY27.

Semtech Corporation (SMTC) Q4 2026 Earnings Call Transcript

- **Revenue Growth**: Q3 net sales $267M, up 13% YoY. ACC and LPO to drive Q4 growth. 
- **Margin Expansion**: 20.6% operating margin,180bps qoq. Semiconductor gross 60.5% (YoY +220bps). 
- **Strategic Moves**: ACC/LPO ramping, force-sensing acquisition. Divestiture underway. 
- **Financial Health**: $47.5M cash flow, 1.5x net debt reduction. 
- **Key Products**: ACC 90% power savings, LPO 10% qoq growth. 
- **Risks**: Foundry capacity expansion, geopolitical diversification.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 net sales of $267 million, up 4% sequentially and 13% year-over-year, driven by data center and LoRa portfolio. Adjusted EPS of $0.48, up 17% sequentially and 85% year-over-year.
- **Product Highlights**: Data center revenue at $56.2 million (record high), LoRa net sales $40 million (up 40% YoY). ACC and LPO expected to contribute meaningfully in Q4.
- **Strategic Moves**: Acquisition of Qorvo's force-sensing business; 1.5x YoY growth in High-End Consumer. Divestiture of non-core assets underway.

**【CFO Financial Commentary】**
- **Gross Margin**: 53.0% (midpoint), operating income $54.9 million (20.6% margin). Q4 outlook: $273 million net sales, 
- **Debt Restructuring**: $402.5M convertible note issuance reduces interest expense by 86% YoY. Q4 capex for ACC and LPO ramping.
- **Cash Flow**: $47.5M operating cash flow, $44.6M free cash flow. 

**【Q&A Highlights】**
- **ACC/LPO**: ACC to grow 90% power savings vs AEC. LPO drivers 10% QoQ. 
- **Force-sensing**: 175+ patents, $141M+ conversion premium. 
- **Foundry Capacity**: SiGe platform expansion, co-planning with customers. 
- **Gross Margin**: Semiconductor 60.5% (YoY +220bps).

Semtech Corporation (SMTC) Q3 2026 Earnings Call Transcript

- **Financial Transformation**: Debt reduced by $879M, net leverage ratio cut from 8.8x to 1.6x, enabling $41.9M in interest savings.
- **Core Growth Engines**: 
  - **Data Center**: FiberEdge 800G TIAs dominate optical module market, 1.6T LPO drivers sampling Q4 2025.
  - **LoRa**: Dual-band chips unlock IoT applications, Q2 end-node shipments hit record levels.
  - **PerSe**: Smart glasses (Meta Ray-Ban) and smartphone platforms drive 15% YoY consumer TVS growth.
- **Q3 Outlook**: 12% YoY revenue growth ($266M), 53% gross margin, $0.44 EPS (10% QoQ increase).
- **2026 Catalysts**: 1.6T ACC cables aligning with switch deployments, LPO adoption targeting 5%+ of transceiver market.

**【CEO Opening Remarks】**
- **Year-over-year progress**: Reduced debt by $879M, net leverage ratio improved from 8.8x to 1.6x, enabling strategic investments.
- **Core asset growth**: Data center, LoRa, and PerSe businesses contributed 92%, 29%, and 15% YoY revenue growth, respectively.
- **End market momentum**: Sequential increases across all end markets (Infrastructure +1%, Consumer +16%, Industrial +1%), driven by data center and consumer electronics demand.

**【CFO Financial Commentary】**
- **Q2 2026 Results**: Record net sales $257.6M (+20% YoY), adjusted gross margin 53.2%, adjusted EPS $0.41 (+212% YoY).
- **Cost optimization**: Adjusted net interest expense down 80% YoY, operating margin 18.8% (+460bps YoY).
- **Q3 Outlook**: Net sales $266M (+12% YoY), adjusted gross margin 53.0%, adjusted EPS $0.44 (+10% QoQ).

**【Q&A Highlights】**
- **LPO Timing**: 800G LPO drivers to ramp Q4 2025, 1.6T LPO sampling by end-2025, targeting 3 hyperscalers (2 U.S., 1 China).
- **Data Center Spend**: CSPs increasing CapEx for AI/ML infrastructure, bookings from China-based CSPs accelerating post-GPU constraints.
- **CopperEdge Adoption**: 800G ACC cables to launch Q4 2025, 1.6T cables aligning with 1.6T switch deployments in H1 2026.
- **LoRa Growth**: Dual-band chips enabling low-altitude economy (drones, aerial surveying), Q2 end-node shipments hit record levels.
- **PerSe Expansion**: Smart glasses (Meta Ray-Ban) and smartphone platforms (all major manufacturers except one) driving content gains.


Semtech Corporation (SMTC) Q2 2026 Earnings Call Transcript

- **Data Center Dominance**: Q1 data center sales tripled YoY, with CopperEdge ACC cables winning hyperscaler testing and 800G LPO drivers hitting module suppliers.
- **Profitability Surge**: 53.5% gross margin (vs 49.8% YoY), $0.38 EPS beats by 20%, $27.8M free cash flow fuels $25M debt reduction.
- **Growth Engines**: LoRa +81% YoY to $38.9M, IoT cellular bookings up 7x, and 7x consecutive quarters of data center module design wins.
- **Q2 Guidance**: $256M sales (+19% YoY), 53% gross margin, $0.40 EPS – fastest growth in 5+ years.

**【CEO Business Overview】**
- **Record Data Center Sales**: Q1 data center net sales reached $51.6 million, up 143% YoY, driven by CopperEdge and FiberEdge technologies. OFC demos highlighted 3-meter 27-gauge cable performance and 5-meter ACC for 800G deployments.
- **CopperEdge Momentum**: Multiple customers testing ACC cables, with anchor customer qualification ongoing. Expected volume ramps in Q4 FY26.
- **LPO Progress**: TIA for LPO solutions winning lion's share of designs, with drivers released Q1 and module supplier traction.
- **Industrial Growth**: LoRa-enabled solutions up 81% YoY to $38.9 million, IoT cellular bookings increase 7x consecutive quarters.
- **Consumer TVS Stability**: $24.5 million in Q1, flat sequentially, with SurgeSwitch expanding into system-level protection applications.

**【CFO Financial Highlights】**
- **Q1 Results**: Net sales $251.1 million (+22% YoY), adjusted gross margin 53.5%, operating margin 19% (vs 12.2% YoY). Adjusted EPS $0.38 (+6x YoY).
- **Cash Flow & Debt**: Operating cash flow $27.8 million, net debt reduced to $396.2 million. $25 million debt prepayment in Q2.
- **Q2 Outlook**: Net sales $256 million (+19% YoY), adjusted gross margin 53.0%, adjusted EPS $0.40 (+10% QoQ).

Semtech Corporation (SMTC) Q1 2026 Earnings Call Transcript

- **Record Growth**: FY25 net sales +21% YoY, EPS +529%, with sequential growth across all segments.
- **Data Center Resilience**: Q4 data center sales $50M (record), offsetting CopperEdge softness with FiberEdge adoption in 400/800G modules.
- **IoT Surge**: LoRa net sales +205% YoY, driven by smart meters and LoRa Plus expansion into 5G/sidewalk/Z-Wave.
- **Debt Reduction Impact**: $40M annual interest savings enabling R&D reinvestment in AI-driven efficiency and high-margin IoT solutions.
- **CopperEdge Recovery**: H2 FY26 revenue expected from board/embedded designs, with over 20 customers testing alternatives to cables.


**【CEO Business Overview】**
- **FY25 Key Metrics**: Net sales grew 21% YoY, with sequential growth across all segments. Adjusted gross margin improved 200bps YoY, operating margin rose 570bps, and EPS increased 529%.
- **Segment Performance**: 
  - **Infrastructure**: Q4 net sales $69.1M (+75% YoY), driven by data center growth (record $50M, +183% YoY). CopperEdge faces near-term headwinds but sees broader adoption in boards/connectors.
  - **High-End Consumer**: Q4 net sales $35.4M (+10% YoY), with TV transient voltage suppression up 16% YoY. Proximity sensing (e.g., SAR compliance) gains share in smartphones and wearables.
  - **Industrial IoT**: Q4 LoRa net sales $37.1M (+205% YoY), supported by smart meters and LoRa Plus expansion into 5G, sidewalk, and Z-Wave.
- **Strategic Focus**: Portfolio simplification, R&D investment in AI-driven efficiency, and market expansion through IoT connectivity solutions.

**【CFO Financial Highlights】**
- **Q4 Results**: Net sales $251M (+6% QoQ). Adjusted gross margin 53.2%, operating margin 19.9% (vs. 1.3% in FY24). Free cash flow $30.9M, reducing net debt to $411M (-68% YoY).
- **FY26 Outlook**: Q1 net sales $250M (+21% YoY), with data center growth offsetting CopperEdge softness. Gross margin ~53%, EPS $0.37 (+12% YoY).
- **Leverage Benefits**: $40M annual interest savings from debt reduction, enabling R&D reinvestment in high-margin opportunities.

**【Q&A Key Takeaways】**
- **CopperEdge Recovery**: Anchor customer engagement for board/embedded designs, with revenue expected in H2 FY26. Over 20 customers testing alternatives to cables.
- **Data Center Momentum**: FiberEdge adoption in 400/800G modules (e.g., LPO/LRO) to offset CopperEdge decline. OFC demos highlight 1.6T test chips.
- **LoRa Growth**: 37% YoY expansion driven by smart meters and LoRa Plus multi-protocol support. 5G red cap certification enables scalable IoT solutions.
- **AI Investment**: Using AI for operational efficiency, with R&D focused on high-growth areas like proximity sensing and industrial IoT.


Actual											0.4	0.35	0.43	0.47	0.51	0.53	0.65	0.74	0.7	0.8	0.87	0.65	0.47	0.02	0.11	0.02	-0.06	0.06	0.11	0.26	0.4	0.38	0.41	0.48	0.44
Forecast											0.3518	0.3205	0.4158	0.4575	0.4808	0.521	0.619	0.722	0.6933	0.76	0.853	0.632	0.4789	-0.0782	0.0218	-0.15	-0.0445	0.015	0.0945	0.2327	0.3184	0.3706	0.4013	0.4449	0.431
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+13.70%	+9.20%	+3.42%	+2.73%	+6.07%	+1.73%	+5.01%	+2.49%	+0.97%	+5.26%	+1.99%	+2.85%	-1.86%	+125.58%	+404.59%	+113.33%	-34.83%	+300.00%	+16.40%	+11.73%	+25.63%	+2.54%	+2.17%	+7.89%	+2.09%

SMTC

SMTC fundamentals

SMTC Q4 2026 Earnings

Earnings Call

You can ask Aime

SMTC

SMTC fundamentals

SMTC Q4 2026 Earnings

Earnings Call

SMTC Earnings Call Summary for Q4/20264:30 PM on Mar 16, 2026

SMTC Earnings Call Summary for Q3/20264:30 PM on Nov 24, 2025

SMTC Earnings Call Summary for Q2/20264:30 PM on Aug 25, 2025

SMTC Earnings Call Summary for Q1/20265:00 PM on May 27, 2025

SMTC Earnings Call Summary for Q4/20254:30 PM on Mar 13, 2025

You can ask Aime