Semtech

SMTC

Market cap $15.5B

Semtech NASDAQ: SMTC has emerged as a critical AI play for several reasons. At face value, its data center products are crucial for connectivity and networking; they unlock the power of hardware, efficiently linking servers, large clusters, racks, and data centers.

SMTC jumps 8.5% after Q1 FY27 earnings and revenues beat estimates on strong data center and infrastructure demand.

Semtech Corporation (NASDAQ:SMTC) shares are trading higher Wednesday after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates on Tuesday after the market closed. Also, Needham and Baird raised their respective price targets on the stock.

Semtech Corp. (NASDAQ:SMTC) on Tuesday posted better-than-expected first-quarter results and issued strong guidance.

Semtech says design wins and backlog set up a faster year as record data center revenue rides 800G FiberEdge and 1.6T ramps.

Semtech Corporation (SMTC) Q1 2027 Earnings Call Transcript

Although the revenue and EPS for Semtech (SMTC) give a sense of how its business performed in the quarter ended April 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Semtech (SMTC) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.38 per share a year ago.

Semtech NASDAQ: SMTC reported record quarterly revenue for its first quarter of fiscal 2027, driven by strength in its data center and LoRa businesses, and issued a second-quarter outlook that calls for continued acceleration across its major segments.

Semtech Corp. (NASDAQ:SMTC) posted better-than-expected first-quarter results after Tuesday's closing bell and issued forward guidance above analyst expectations. Here's a look at the details inside the report.