Semtech (SMTC) Tops Q3 EPS by 1c, Revenues Beat; Offers Q4 EPS Mid-Point Guidance Below Consensus
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Semtech Announces Third Quarter of Fiscal Year 2020 Results
December 4, 2019 4:15 PM ESTCAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, today reported unaudited financial results for its third quarter of fiscal year 2020, which ended October 27, 2019.
Highlights for the Third Fiscal Quarter 2020
Q3 FY2020 net sales increased 3% sequentially to $141.0 million. Q3 FY2020 GAAP EPS of $0.26 and non-GAAP EPS of $0.41. Distributor Point of Sale (POS) increased 8% sequentially and represented a new quarterly record. Cash flow from operations was $33.3 million or 24% of net... More