Semtech (SMTC) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus

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Go back to Semtech (SMTC) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus

Semtech Announces First Quarter of Fiscal Year 2021 Results

May 27, 2020 4:15 PM EDT

CAMARILLO, 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 first quarter of fiscal year 2021, which ended April 26, 2020.

Highlights for the First Fiscal Quarter 2021

Q1 FY2021 net sales of $132.7 million Q1 FY2021 GAAP EPS of $0.15 and non-GAAP EPS of $0.35 Net bookings grew 22% sequentially led by record bookings for our LoRa®-enabled, 100G data center CDRs and broad-based Protection devices Distributor Point of Sale (POS)... More