Semtech: Q1 Earnings Insights

Semtech (NASDAQ:SMTC) reported its Q1 earnings results on Wednesday, June 7, 2023 at 04:15 PM. Here’s what investors…

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.

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