Semtech (SMTC) Tops Q1 EPS by 4c

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Go back to Semtech (SMTC) Tops Q1 EPS by 4c

Semtech Announces First Quarter of Fiscal Year 2023 Results

June 1, 2022 4:20 PM EDT

CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, today reported unaudited financial results for its first quarter of fiscal year 2023, which ended May 1, 2022.

Highlights for the First Quarter of Fiscal Year 2023

Record net sales of $202.1 million, an increase of 6.1% sequentially and 18.7% year-over-year Record GAAP gross margin of 64.4% grew 30bps sequentially and 290bps year-over-year Record non-GAAP gross margin of 64.8% grew 30bps sequentially and 280bps year-over-year Record GAAP and non-GAAP diluted earnings per... More