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Semtech Announces Third Quarter of Fiscal Year 2022 Results

December 1, 2021 4:20 PM EST

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 third quarter of fiscal year 2022, which ended October 31, 2021.

Highlights for the Third Fiscal Quarter 2022

Record net sales of $194.9 million, an increase of 5% sequentially and 27% year-over-year Record GAAP and non-GAAP gross margin of 63.5% and 63.8%, respectively Record GAAP and non-GAAP diluted earnings per share of $0.53 and $0.74, respectively Record Wireless and Sensing products group... More