| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 291.02 | 15.9% |
| Total Income | 291.02 | 15.9% |
| Expenditure | 265.23 | 23.3% |
| PBT | 25.05 | 7.0% |
| Net Profit | 26.56 | 37.3% |
| OPM | 8.86% | 5.46pp |
| NPM | 9.13% | 1.42pp |
| EPS | 0.29 | 31.8% |
Semtech Announces Q1 FY27 Results: Record Net Sales of $291.0 Million
27 May 2026 · 27 May, 1:43 am
Summary
Semtech Corporation announced its first quarter of fiscal year 2027 results, reporting record net sales of $291.0 million, a 16% increase year-over-year. The company achieved a GAAP gross margin of 52.0% and a Non-GAAP adjusted gross margin of 53.0%. GAAP diluted earnings per share were $0.27, up 23% year-over-year, while Non-GAAP adjusted diluted earnings per share were $0.51, up 34% year-over-year. For the second quarter of fiscal year 2027, Semtech expects net sales of $328.0 million, plus or minus $5.0 million.
Key Highlights
- 1
Semtech reported record net sales of $291.0 million, up 6% sequentially and 16% year-over-year.
- 2
The company's GAAP gross margin was 52.0%, while the Non-GAAP adjusted gross margin reached 53.0%.
- 3
GAAP operating margin stood at 8.9%, and the Non-GAAP adjusted operating margin was 20.4%.
- 4
GAAP diluted earnings per share were $0.27, a 23% increase year-over-year.
- 5
Non-GAAP adjusted diluted earnings per share increased by 34% year-over-year to $0.51.
- 6
The company anticipates net sales of $328.0 million, plus or minus $5.0 million, for the second quarter of fiscal year 2027.
Management Comments
Hong Hou
"Semtech is off to an exceptional start in fiscal year 2027, delivering record quarterly results and expanding design wins across our data center and LoRa businesses," said Hong Hou, president and chief executive officer. "As FiberEdge and CopperEdge 1.6T revenues layer onto our strong growth base, we expect data center growth to accelerate throughout the year. The strength and depth of our bookings and backlog, a broad and well-positioned product portfolio, and targeted R&D investments aligned to customer roadmaps give us strong conviction in our growth trajectory ahead."
Mark Lin
"We demonstrated meaningful operating leverage in the first quarter," said Mark Lin, executive vice president and chief financial officer. "Our strong operational fundamentals provide a foundation for the improving metrics reflected in our second quarter outlook, and we expect this momentum to drive increasing shareholder returns."
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