Quarterly UpdatesOct 15, 2026, 05:26 PM
Semtech Updates Q3 FY27 Outlook, Projects $3.2B Net Sales by FY30
AI Summary
Semtech Corporation updated its outlook for the third quarter of fiscal year 2027 and provided a financial framework for fiscal year 2030 during its Data Center Analyst Day. The company revised its Q3 FY27 net sales to $417.5 million and adjusted diluted earnings per share to $1.14. For FY30, Semtech projects net sales of $3.2 billion, with significant growth expected in data center and LoRa segments. Key non-GAAP targets for FY30 include a 70% adjusted gross margin, 48%-50% adjusted operating margin, and 35% free cash flow as a percentage of net sales.
Key Highlights
- Semtech updates Q3 FY27 outlook: Net sales revised to $417.5M +/- $2.5M, Adjusted EPS to $1.14 +/- $0.02.
- Updated Q3 FY27 Adjusted Gross Margin: 59.0% +/- 40 bps; Adjusted Operating Margin: 33.0% +/- 10 bps.
- Semtech provides FY30 financial framework: Net sales target $3.2B, Data Center net sales $2.1B.
- FY30 targets: Data Center net sales CAGR 75%, LoRa net sales CAGR 30%.
- FY30 Non-GAAP targets: Adjusted Gross Margin 70%, Adjusted Operating Margin 48%-50%, Free Cash Flow 35% of Net Sales.
- FY30 Adjusted Diluted EPS projected at $12.40-$13.00, with CAGR of 64%-66%.
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