Quarterly ResultMay 27, 2026, 04:08 PM
Semtech Q1 Net Sales Up 15.9% to $291M; Net Income $26.6M; EPS $0.27
AI Summary
Semtech Corporation reported strong financial results for the first quarter ended April 26, 2026. The company achieved a 15.9% increase in total net sales, reaching $291.0 million, and a significant 37.3% rise in net income to $26.6 million. Diluted earnings per share also grew by 22.7% to $0.27. Additionally, net cash provided by operating activities increased to $36.2 million, and goodwill saw a $13.6 million addition from an immaterial acquisition during the quarter.
Key Highlights
- Total net sales increased 15.9% to $291.0 million for Q1 2026.
- Net income rose 37.3% to $26.6 million for the quarter.
- Diluted earnings per share (EPS) grew 22.7% to $0.27.
- Net cash provided by operating activities was $36.2 million, up 30.0%.
- Goodwill increased by $13.6 million due to an immaterial acquisition.
- Cash and cash equivalents stood at $163.3 million as of April 26, 2026.
- Total assets reached $1.44 billion as of April 26, 2026.
Price Impact
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