Semtech (SMTC) Tops Q2 EPS by 1c, Revenues Beat; Offers 3Q19 EPS/Revenue Outlook
Semtech (NASDAQ: SMTC) reported Q2 EPS of $0.55, $0.01 better than the analyst estimate of $0.54. Revenue for the quarter came in at $163.2 million versus the consensus estimate of $161.22 million.
Mohan Maheswaran, Semtech’s President and Chief Executive Officer, stated: “We are pleased to deliver another quarter that exceeded our expectations as we saw healthy growth from the IoT, Mobile and Data center markets. Our Growth Engines, led by LoRa’s global adoption, continue to position the Company well for future growth. Bookings and design wins remained strong and we entered our third fiscal quarter with record starting backlog.”
GUIDANCE:
Semtech sees Q3 2019 EPS of $0.58-$0.64, versus the consensus of $0.60. Semtech sees Q3 2019 revenue of $168-178 million, versus the consensus of $171.42 million.
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