Semtech SMTC 2026Q2 Earnings Preview Upside on Earnings Growth

Forward-Looking Analysis
Analysts expect Semtech to report Q2 2026 earnings of $0.40 per share, up from $0.11 in the same period in 2025. The company is forecast to grow earnings and revenue by 89.5% and 9.1% per annum, respectively, with EPS expected to rise by 94.2% annually. Return on equity is projected to reach 23.1% in 2026. Twelve covering analysts have a "Strong Buy" consensus rating, with an average price target of $60.83, implying a potential 22.08% upside from current levels.

Historical Performance Review
In Q1 2026, Semtech reported revenue of $251.06 million, net income of $19.34 million, and EPS of $0.22. Gross profit stood at $131.29 million, reflecting stable operations amid industry headwinds.

Additional News
Semtech is set to release its Q2 2026 earnings on August 25, 2025. The company, a leader in high-performance semiconductors, IoT systems, and cloud connectivity services, continues to focus on innovation in connectivity and sensor solutions. Recent announcements highlight its position as a key player in the evolving IoT ecosystem, though no major product launches or M&A activity were disclosed in the provided data.

Summary & Outlook
Semtech’s financial health shows consistent growth in earnings and gross profit, with revenue stabilizing at a healthy level. The projected 89.5% annual revenue growth and 94.2% EPS growth highlight strong upside potential. With a "Strong Buy" analyst consensus and favorable price targets, the outlook remains bullish. The key catalysts include continued demand for IoT connectivity solutions and Semtech’s innovative product pipeline, supported by its leadership in semiconductor technology. Risks are minimal given the company's solid execution history and market positioning.