Semtech (SMTC) Tops Q2 EPS by 3c
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Semtech Announces Second Quarter of Fiscal Year 2022 Results
September 1, 2021 4:20 PM EDTCAMARILLO, 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 second quarter of fiscal year 2022, which ended August 1, 2021.
Highlights for the Second Fiscal Quarter 2022
Record net sales of $185.0 million, an increase of 9% sequentially and 29% year-over-year GAAP and non-GAAP gross margin grew sequentially 90bps and 70bps to 62.4% and 62.7%, respectively Record GAAP diluted earnings per share of $0.50 and record non-GAAP diluted earnings per share of... More