Semtech Corp. (SMTC) PT Raised to $31 at Stifel

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Go back to Semtech Corp. (SMTC) PT Raised to $31 at Stifel

Semtech Announces Fourth Quarter and Fiscal Year 2024 Results

March 28, 2024 4:15 PM EDT

Fourth Quarter of Fiscal Year 2024

Net sales of $192.9 million, above the midpoint of guidance GAAP gross margin of (0.2)% and Non-GAAP gross margin of 48.9%, above the midpoint of guidance GAAP diluted loss per share of $9.98 and Non-GAAP diluted loss per share of $0.06 Positive operating cash flow of $13.9 million and free cash flow of $12.2 million Completed optional credit facility prepayment of $5.0 million

Fiscal Year 2024

Net sales of $868.8 million GAAP gross margin of 34.1% and Non-GAAP gross margin of 49.5% GAAP diluted... More