NASDAQ$SMTC
Semtech Corp. · Q1 2027 earnings
Q1 2027 earnings · · After market close · Investor relations
Briefing
Semtech reported record net sales of $291.0 million for Q1 FY2027, with GAAP diluted EPS of $0.27 and non-GAAP adjusted diluted EPS of $0.51.
Semtech delivered record quarterly net sales of $291.0 million, up 16% year-over-year, driven by strength in data center and LoRa businesses. GAAP gross margin was 52.0% and non-GAAP adjusted gross margin was 53.0%, while operating leverage improved with non-GAAP adjusted operating margin expanding to 20.4%. The company provided strong Q2 outlook reflecting continued momentum in AI-related semiconductors and design wins.
- Record net sales of $291.0 million, up 16% YoY and 6% sequentially.
- GAAP diluted EPS of $0.27 (up 23% YoY) and non-GAAP adjusted diluted EPS of $0.51 (up 34% YoY).
- Non-GAAP adjusted operating margin expanded to 20.4% with adjusted EBITDA margin of 22.8%.
- Free cash flow of $28.0 million and cash position of $163.3 million at quarter end.
Headline financials
Revenue & EPS history
Semtech · Revenue · Quarterly
$291M
Revenue by segment
Semtech · $291M total across 3 segments · Q1 2027
- Signal Integrity$102M—35.0%
- Analog Mixed Signal and Wireless$101M—34.6%
- IoT Systems and Connectivity$88.3M—30.3%
Forward guidance
Q2 FY2027 net sales expected at $328.0 million +/- $5.0 million with non-GAAP adjusted gross margin of 54.0% +/- 50 bps and adjusted diluted EPS of $0.61 +/- $0.02.
Tailwinds
- Strong sequential growth outlook of ~13% at midpoint.
- Adjusted operating margin expected to reach 21.9%.
- Continued data center and LoRa design win momentum.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+1.9%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+4.0%
Avg return
30 days after
63%
43 / 68 earnings
Positive
+24.0%
Q3 2025
Best reaction
-28.2%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +1.7% | -17.3% | +15.1% | |
| Q3 2026 | +2.3% | +5.9% | +7.9% | |
| Q2 2026 | +15.2% | +13.9% | +20.8% | |
| Q1 2026 | -4.3% | -3.3% | +15.8% | |
| Q4 2025 | +21.1% | +27.2% | -18.7% | |
| Q3 2025 | +24.0% | +25.8% | +26.7% | |
| Q2 2025 | +14.6% | +18.3% | +28.0% | |
| Q1 2025 | +1.6% | -14.5% | -11.7% | |
| Q4 2024 | +5.4% | +1.2% | +28.4% | |
| Q3 2024 | +16.4% | +23.6% | +22.7% | |
| Q2 2024 | +10.8% | +6.9% | -3.5% | |
| Q1 2024 | +6.5% | +3.3% | +18.2% | |
| Q4 2023 | -18.8% | -27.3% | -37.4% | |
| Q3 2023 | +1.7% | +0.6% | -2.1% | |
| Q2 2023 | -28.2% | -26.7% | -37.2% | |
| Q1 2023 | +0.4% | -3.0% | -18.9% | |
| Q4 2022 | +9.8% | +11.9% | -2.2% | |
| Q3 2022 | +4.1% | -0.4% | +3.8% | |
| Q2 2022 | +12.6% | +11.8% | +12.6% | |
| Q1 2022 | +3.4% | +5.9% | +7.5% | |
| Q4 2021 | -4.7% | +0.5% | -2.5% | |
| Q3 2021 | +2.1% | +4.5% | +6.1% | |
| Q2 2021 | -4.9% | -6.4% | -18.2% | |
| Q1 2021 | +4.9% | +7.2% | +2.5% | |
| Q4 2020 | -12.4% | -26.5% | +17.9% | |
| Q3 2020 | +0.5% | +1.6% | +15.9% | |
| Q2 2020 | -2.9% | -2.7% | +13.6% | |
| Q1 2020 | -5.6% | -7.9% | +10.7% | |
| Q4 2019 | -4.8% | -0.4% | -2.8% | |
| Q3 2019 | +12.9% | +13.6% | -1.5% | |
| Q2 2019 | +13.9% | +19.7% | +11.4% | |
| Q1 2019 | +8.0% | +10.5% | +5.0% | |
| Q4 2018 | +10.7% | +13.6% | +23.7% | |
| Q3 2018 | -12.1% | -12.8% | -11.7% | |
| Q2 2018 | -0.1% | -1.6% | -0.3% | |
| Q1 2018 | -1.3% | -3.5% | -3.8% | |
| Q4 2017 | +1.6% | +2.4% | -0.1% | |
| Q3 2017 | +2.8% | +9.2% | +11.5% | |
| Q2 2017 | +4.7% | +6.9% | +5.6% | |
| Q1 2017 | +2.5% | +2.6% | +0.6% | |
| Q4 2016 | +5.1% | — | — | |
| Q3 2016 | +0.4% | — | — | |
| Q2 2016 | -2.2% | — | — | |
| Q1 2016 | -8.1% | — | — | |
| Q4 2015 | -12.0% | — | — | |
| Q3 2015 | -1.6% | — | — | |
| Q2 2015 | +7.7% | — | — | |
| Q1 2015 | +8.6% | — | — | |
| Q4 2014 | +3.0% | — | — | |
| Q3 2014 | -4.7% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | -3.1% | — | — | |
| Q4 2013 | +8.3% | — | — | |
| Q3 2013 | +11.8% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +0.7% | — | — | |
| Q2 2012 | -6.8% | — | — | |
| Q1 2011 | -4.6% | — | — | |
| Q1 2012 | -1.2% | — | — | |
| Q4 2009 | -1.4% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2011 | +1.9% | — | — | |
| Q3 2010 | +1.9% | — | — | |
| Q4 2010 | +4.7% | — | — | |
| Q2 2010 | +4.7% | — | — | |
| Q2 2011 | +4.7% | — | — |
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