Semtech (NASDAQ:SMTC) reported its Q1 earnings results on Wednesday, June 7, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Semtech beat estimated earnings by 125.0%, reporting an EPS of $0.02 versus an estimate of $-0.08.
Revenue was up $34.39 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 21.36% drop in the share price the next day.
Here’s a look at Semtech’s past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.48 | 0.63 | 0.85 | 0.76 |
| EPS Actual | 0.47 | 0.65 | 0.87 | 0.80 |
| Revenue Estimate | 150.08M | 175.49M | 208.29M | 202.86M |
| Revenue Actual | 167.51M | 177.62M | 209.25M | 202.15M |
To track all earnings releases for Semtech visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
