Semtech (NASDAQ: SMTC) reported Q3 EPS of $0.54, $0.04 better than the analyst estimate of $0.50. Revenue for the quarter came in at $156.6 million versus the consensus estimate of $155.63 million.

Non-GAAP Fourth Quarter of Fiscal Year 2018 Outlook

• Non-GAAP net sales are expected to be in the range of $138.0 million to $142.0 million
• Non-GAAP gross margin is expected to be in the range of 61.0% to 62.0%
• Non-GAAP SG&A expense is expected to be in the range of $26.0 million to $27.0 million
• Non-GAAP R&D expense is expected to be in the range of $23.0 million to $24.0 million
• Non-GAAP Interest and other expense is expected to be approximately $2.0 million
• Non-GAAP tax rate is expected to be in the range of 16% to 20%
• Non-GAAP earnings per diluted share are expected to be in the range of $0.40 to $0.42

GUIDANCE:

Semtech sees Q4 2018 EPS of $0.40-$0.42, versus the consensus of $0.47. Semtech sees Q4 2018 revenue of $138-142 million, versus the consensus of $152.97 million.

For earnings history and earnings-related data on Semtech (SMTC) click here.