NASDAQ$SMTC
Semtech Corp. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported net sales above the midpoint of guidance, GAAP gross margin, and Non-GAAP gross margin above the high-end of guidance, and GAAP diluted loss per share and Non-GAAP diluted earnings per share above the high-end of guidance.
Semtech announced its Q3 fiscal year 2024 results, with net sales of $200.9 million, GAAP gross margin of 46.3%, and Non-GAAP gross margin of 51.3%. The company reported a GAAP diluted loss per share of $0.60 and a Non-GAAP diluted earnings per share of $0.02.
- Net sales of $200.9 million, above the midpoint of guidance.
- GAAP gross margin of 46.3% and Non-GAAP gross margin, above the high-end of guidance, of 51.3%.
- GAAP diluted loss per share of $0.60 and Non-GAAP diluted earnings per share, above the high-end of guidance, of $0.02.
- End market demand in the third quarter for high-end consumer and data center applications has grown both sequentially and year-over-year.
Headline financials
Revenue & EPS history
Semtech · Revenue · Quarterly
$201M
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
The fourth quarter of fiscal year 2024 outlook incorporates the Company's current estimates, as well as its expectations regarding the impact of export restrictions, inflationary pressure and other macroeconomic conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
+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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