Semtech (SMTC) Tops Q1 EPS by 1c

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Go back to Semtech (SMTC) Tops Q1 EPS by 1c

Semtech Announces First Quarter of Fiscal Year 2022 Results

June 2, 2021 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 2022, which ended May 2, 2021.

Highlights for the First Fiscal Quarter 2022

Q1 FY2022 net sales of $170.4 million increased 3% sequentially and 28% year-over-year GAAP and non-GAAP gross margin grew sequentially 50bps GAAP Operating income increased 14x sequential net sales growth and non-GAAP Operating income increased 2x sequential net sales growth Wireless and Sensing... More