Semtech Reports Record Q1 FY27 Results, Issues Strong Q2 Guidance
SMTC has more than doubled off its 52-week low of $34.59 on elevated volume (3.1× avg).
Summary
Semtech reported record first-quarter fiscal year 2027 results with significant year-over-year growth in sales and adjusted EPS, and provided strong guidance for the second quarter, reinforcing its positive market position.
Key Events · Earnings and Guidance · SMTC
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Record Q1 FY27 Financial Results
Reported record net sales of $291.0 million, up 16% year-over-year, and non-GAAP adjusted diluted EPS of $0.51, up 34% year-over-year.
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Strong Q2 FY27 Revenue Guidance
Projected net sales for the second quarter of fiscal year 2027 to be between $323 million and $333 million (midpoint $328M).
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Positive Q2 FY27 EPS Guidance
Forecasted non-GAAP adjusted diluted earnings per share for Q2 FY27 to be between $0.59 and $0.63 (midpoint $0.61).
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Demonstrated Operational Leverage
Achieved a non-GAAP adjusted operating margin of 20.4% in the first quarter, indicating strong operational efficiency.
Analysis · SMTC · Manufacturing
Semtech delivered record net sales and strong adjusted earnings per share for the first quarter of fiscal year 2027, significantly increasing year-over-year. This strong performance, coupled with robust guidance for the second quarter, reinforces the company's positive trajectory, especially as the stock is currently trading above its 52-week high. Management highlighted expanding design wins and expected acceleration in data center growth.
At the time of this filing, SMTC was trading at $170.29 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $15.3B. The 52-week trading range was $34.59 to $168.29. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.