Semtech (SMTC) Tops Q2 EPS by 2c; Guides Q3 Lower

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Semtech Announces Second Quarter of Fiscal Year 2023 Results

August 31, 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 second quarter of fiscal year 2023, which ended July 31, 2022.

Highlights for the Second Quarter of Fiscal Year 2023

Record net sales of $209.3 million, an increase of 3.5% sequentially and 13.1% year-over-year Record GAAP gross margin of 64.9% grew 50bps sequentially and 250bps year-over-year Record non-GAAP gross margin of 65.2% grew 40bps sequentially and 250bps... More