Semtech (SMTC) Tops Q2 EPS by 1c, Revenues Beat; Offers 3Q19 EPS/Revenue Outlook

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Go back to Semtech (SMTC) Tops Q2 EPS by 1c, Revenues Beat; Offers 3Q19 EPS/Revenue Outlook

Semtech Announces Second Quarter of Fiscal Year 2019 Results

August 29, 2018 4:15 PM EDT

CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog, mixed-signal semiconductors and advanced algorithms, today reported unaudited financial results for its second quarter of fiscal year 2019, which ended July 29, 2018. Net sales computed in accordance with U.S. generally accepted accounting principles (GAAP), increased 25% sequentially and 7% over the prior years period to $163.2 million.

Highlights for the Second Fiscal Quarter 2019

Record quarterly net sales of LoRa-related products Record quarterly channel point-of-sale (POS) results Record Design wins of approximately $184 million... More