Jul 2026 (Q2 FY27) — Aug 25, 2026
Semtech Q2 FY27 — Record Revenue and Strong Operating Leverage Driven by Data Center and LoRa
Read the full callSemtech (SMTC) earnings
- Apr 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
Semtech earnings: last reported Tue, 25 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 291 | +15.9% YoY | Quarterly, as filed | Quarter to Apr 2026 | Revenue from operations as filed. |
| Operating margin | 8.9 | −5.5 pts YoY | Operating profit / revenue | Quarter to Apr 2026 | For the quarter; a change is in percentage points. |
| Net profit | 26.6 | +37.3% YoY | Quarterly, as filed | Quarter to Apr 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
36 of 37 judged targets kept · 21 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted diluted EPS guidance | $0.45, plus or minus $0.03 | Jan 2026 | We recorded adjusted diluted earnings per share of $0.51, above the high end of our guidance range. | Achieved |
| Data center year-over-year revenue growth (FY27) | Exceed 50% year-over-year growth | Jan 2026 | In last quarter, that floor number certainly created some confusion. I will not let our growth potential or aspiration. I will not cap that for the year-over-year. | Revised Up |
| CopperEdge 1.6T ACC hyperscaler deployment | Launch ACC with U.S. hyperscaler customers during calendar year 2026 | Jul 2025 | Consistent with our expectations, in Q1, we started shipping CopperEdge 1.6T ICs to our cable partners for deployment at a U.S. hyperscaler. | On Track |
1 of SEMTECH CORP's 58 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 55 more targets are in the full ledger.
Claimed
- Revenue was $342 million, growing 33% year-over-year.
- Adjusted diluted EPS of $0.71, growing 73% year-over-year, more than twice as fast as revenue growth.
- Data center revenue was a record $100 million, up 39% sequentially and 91% year-over-year.
- LoRa-enabled net sales were $58 million, up 31% sequentially and up 58% year-over-year, an all-time record.
- Q3 FY27 net sales guidance of $410 million (midpoint), up 20% sequentially and 54% year-over-year.
Qualified
Price
$144.21 −10.01% · −$16.05
Performance +113.2% 1Y
1Y: $67.63 on 14 Oct 2025 → $144.21. High $197.2 (6 Oct 2026), low $62.57 (20 Nov 2025).
- Previous close
- $160.26
- 52-week range
- $62.57 – $197.2
- One year
- +106.63%
Overview
- Symbol
- SMTC
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
36 of 37 judged targets kept · 21 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted diluted EPS guidance | $0.45, plus or minus $0.03 | Jan 2026 | We recorded adjusted diluted earnings per share of $0.51, above the high end of our guidance range. | Achieved |
| Data center year-over-year revenue growth (FY27) | Exceed 50% year-over-year growth | Jan 2026 | In last quarter, that floor number certainly created some confusion. I will not let our growth potential or aspiration. I will not cap that for the year-over-year. | Revised Up |
| CopperEdge 1.6T ACC hyperscaler deployment | Launch ACC with U.S. hyperscaler customers during calendar year 2026 | Jul 2025 | Consistent with our expectations, in Q1, we started shipping CopperEdge 1.6T ICs to our cable partners for deployment at a U.S. hyperscaler. | On Track |
Claimed
- Revenue was $342 million, growing 33% year-over-year.
- Adjusted diluted EPS of $0.71, growing 73% year-over-year, more than twice as fast as revenue growth.
- Data center revenue was a record $100 million, up 39% sequentially and 91% year-over-year.
- LoRa-enabled net sales were $58 million, up 31% sequentially and up 58% year-over-year, an all-time record.
- Q3 FY27 net sales guidance of $410 million (midpoint), up 20% sequentially and 54% year-over-year.
Qualified
The full ledger
Open SEMTECH CORP’s full ledger
A free account opens 5 company ledgers a month. All 58 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q1 FY27) — May 26, 2026
Semtech Q1 FY27 — Record Revenue Driven by Data Center and LoRa Outperformance
Read the full callJan 2026 (Q4 FY26) — Mar 16, 2026
Semtech Q4 FY26 — Record Sales and Data Center Momentum
Read the full callEvery analysed call
Semtech earnings calls (SMTC)
Financials
What the filings say
Net profit, year on year: +37% (quarter to apr 2026 against apr 2025).
| Line item | Jul 2024 | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 215 | 237 | 251 | 251 | 258 | 267 | 274 | 291 |
| Operating profit | 8 | 18 | 21 | 36 | -16 | 31 | -18 | 26 |
| Operating margin | 3.6% | 7.5% | 8.5% | 14.3% | −6.3% | 11.6% | −6.7% | 8.9% |
| Profit before tax | -166 | -4 | 7 | 27 | -22 | 4 | -30 | 25 |
| Tax rate | −2.5% | −112.3% | −507.6% | 32.1% | −21.6% | 164.8% | 3.1% | 0.5% |
| Net profit | -170 | -8 | 39 | 19 | -27 | -3 | -30 | 27 |
| EPS ($ per share) | -2.61 | -0.10 | — | 0.22 | -0.31 | -0.03 | — | 0.29 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 580 | 612 | 671 | 797 | 858 | -234 | -396 | -436 |
| Total liabilities | 380 | 375 | 383 | 393 | 1,814 | 1,681 | 877 | 861 |
| Fixed assets | 118 | 124 | 131 | 135 | 169 | 154 | 126 | 109 |
| Total assets | 1,063 | 1,052 | 1,082 | 1,131 | 2,570 | 1,374 | 1,419 | 1,410 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 184 | 119 | 119 | 203 | 127 | -94 | 58 | 181 |
| Cash from investing | -36 | -34 | -43 | -40 | -1,247 | -23 | -12 | -39 |
| Cash from financing | -143 | -103 | -100 | -152 | 1,077 | 11 | -22 | -101 |
| Net cash flow | — | — | — | 11 | -44 | -107 | 23 | 43 |
| Capital expenditure | -17 | -23 | -33 | -26 | -28 | -29 | -8 | -10 |
| Free cash flow | 167 | 96 | 86 | 177 | 98 | -123 | 50 | 171 |
SMTC revenue by segment
Signal Integrity Products Group grew from 28% to 37% of revenue over the last two years.
| Segment | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Signal Integrity Products Group | 28% | 30% | 29% | 30% | 31% | 33% | 35% | 37% | +64.4% |
| Advanced Protection and Sensing Products Group | 37% | 35% | 36% | 36% | 36% | 34% | 35% | 34% | +27.5% |
| Io T Systems and Connectivity | 36% | — | 35% | 34% | 33% | 33% | 30% | 29% | +10.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
155 filings between Oct 22, 2025 and Oct 7, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$18.64M
60 sales by 12 insiders
78% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 18
- Award — granted as compensation
- 34
- Option exercise — converted options into shares
- 40
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts, 1 disposition to issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Silberstein Asaf | — | $5.65M | Aug 17, 2026 |
| HOU HONG Q | — | $4.12M | Oct 2, 2026 |
| Lin Mark | — | $2.53M | Oct 1, 2026 |
| Green Jason Elliot | — | $1.43M | Oct 7, 2026 |
| WILSON JOHN MICHAEL | — | $1.31M | Jun 22, 2026 |
| Li Ye Jane | — | $881.8K | May 28, 2026 |
| Cardenuto Rodolpho C | — | $878.0K | Sep 16, 2026 |
| Walsh Paul V Jr | — | $649.3K | Sep 23, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 7, 2026 | Green Jason Elliot EVP and CCO | Sale 10b5-1 plan | 2,766 | $526.5K |
| Oct 2, 2026 | HOU HONG Q President and CEO | Sale 10b5-1 plan | 2,000 | $382.4K |
| Oct 1, 2026 | HOU HONG Q President and CEO | Tax withheld 10b5-1 plan | 3,299 | $588.4K |
| Oct 1, 2026 | Lin Mark EVP and CFO | Tax withheld 10b5-1 plan | 1,565 | $279.1K |
| Oct 1, 2026 | HOU HONG Q President and CEO | Option exercise 10b5-1 plan | 6,483 | $0 |
| Oct 1, 2026 | Lin Mark EVP and CFO | Option exercise 10b5-1 plan | 3,165 | $0 |
| Oct 1, 2026 | Lin Mark EVP and CFO | Sale 10b5-1 plan | 967 | $173.0K |
| Sep 23, 2026 | Walsh Paul V Jr Director | Sale 10b5-1 plan | 500 | $86.3K |
| Sep 16, 2026 | Cardenuto Rodolpho C Director | Sale | 5,321 | $878.0K |
| Sep 10, 2026 | Green Jason Elliot EVP and CCO | Tax withheld | 989 | $162.1K |
| Sep 10, 2026 | WILSON JOHN MICHAEL Chief Quality Officer and CTO | Option exercise | 1,400 | $0 |
| Sep 10, 2026 | Silberstein Asaf EVP and COO | Tax withheld | 1,241 | $203.4K |
| Sep 10, 2026 | Green Jason Elliot EVP and CCO | Option exercise | 2,511 | $0 |
| Sep 10, 2026 | HOU HONG Q President and CEO | Tax withheld | 4,137 | $678.2K |
| Sep 10, 2026 | WILSON JOHN MICHAEL Chief Quality Officer and CTO | Tax withheld | 713 | $116.9K |
| Sep 10, 2026 | HOU HONG Q President and CEO | Option exercise | 8,130 | $0 |
| Sep 10, 2026 | Silberstein Asaf EVP and COO | Option exercise | 2,439 | $0 |
| Sep 10, 2026 | Lin Mark EVP and CFO | Sale 10b5-1 plan | 683 | $109.2K |
| Sep 10, 2026 | Lin Mark EVP and CFO | Option exercise 10b5-1 plan | 2,348 | $0 |
| Sep 10, 2026 | Lin Mark EVP and CFO | Tax withheld 10b5-1 plan | 1,195 | $195.9K |
| Sep 4, 2026 | Ruehl Julie Garcia Director | Sale 10b5-1 plan | 1,500 | $217.5K |
| Sep 4, 2026 | HOU HONG Q President and CEO | Sale 10b5-1 plan | 2,000 | $277.4K |
| Aug 19, 2026 | Walsh Paul V Jr Director | Sale 10b5-1 plan | 500 | $67.7K |
| Aug 17, 2026 | Silberstein Asaf EVP and COO | Sale 10b5-1 plan | 5,000 | $750.0K |
| Aug 7, 2026 | HOU HONG Q President and CEO | Sale 10b5-1 plan | 2,000 | $280.0K |
| Jul 22, 2026 | Walsh Paul V Jr Director | Sale 10b5-1 plan | 500 | $66.5K |
| Jul 14, 2026 | Silberstein Asaf EVP and COO | Sale 10b5-1 plan | 3,000 | $435.1K |
| Jul 10, 2026 | HOU HONG Q President and CEO | Sale 10b5-1 plan | 2,000 | $266.0K |
| Jul 8, 2026 | Silberstein Asaf EVP and COO | Sale 10b5-1 plan | 1,400 | $180.2K |
| Jul 8, 2026 | Silberstein Asaf EVP and COO | Sale 10b5-1 plan | 3,354 | $435.8K |
| Jul 8, 2026 | Silberstein Asaf EVP and COO | Sale 10b5-1 plan | 588 | $75.0K |
| Jul 8, 2026 | Silberstein Asaf EVP and COO | Sale 10b5-1 plan | 273 | $34.6K |
| Jul 8, 2026 | Silberstein Asaf EVP and COO | Sale 10b5-1 plan | 2,448 | $306.4K |
| Jul 8, 2026 | Silberstein Asaf EVP and COO | Sale 10b5-1 plan | 437 | $54.3K |
| Jul 7, 2026 | Green Jason Elliot EVP and CCO | Sale 10b5-1 plan | 1,132 | $147.7K |
| Jul 7, 2026 | Green Jason Elliot EVP and CCO | Sale 10b5-1 plan | 1,132 | $146.4K |
| Jul 1, 2026 | Lin Mark EVP and CFO | Tax withheld 10b5-1 plan | 1,561 | $252.6K |
| Jul 1, 2026 | HOU HONG Q President and CEO | Tax withheld | 3,300 | $534.1K |
| Jul 1, 2026 | Lin Mark EVP and CFO | Sale 10b5-1 plan | 970 | $145.9K |
| Jul 1, 2026 | HOU HONG Q President and CEO | Option exercise | 6,484 | $0 |
| Jul 1, 2026 | Lin Mark EVP and CFO | Option exercise 10b5-1 plan | 3,164 | $0 |
| Jul 1, 2026 | Silberstein Asaf EVP and COO | Gift | 38,866 | $0 |
| Jul 1, 2026 | Silberstein Asaf EVP and COO | Gift | 38,866 | $0 |
| Jun 30, 2026 | Fischer Gregory Michael Director | Sale 10b5-1 plan | 1,500 | $234.4K |
| Jun 29, 2026 | HOU HONG Q President and CEO | Sale | 2,286 | $349.7K |
| Jun 29, 2026 | HOU HONG Q President and CEO | Sale | 7,319 | $1.12M |
| Jun 24, 2026 | Walsh Paul V Jr Director | Sale 10b5-1 plan | 500 | $82.5K |
| Jun 22, 2026 | WILSON JOHN MICHAEL Chief Quality Officer and CTO | Sale | 5,500 | $935.0K |
| Jun 10, 2026 | Silberstein Asaf EVP and COO | Option exercise | 2,438 | $0 |
| Jun 10, 2026 | WILSON JOHN MICHAEL Chief Quality Officer and CTO | Tax withheld | 713 | $112.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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