Aug 25, 4:06 PM ET
Semtech reported second-quarter fiscal 2027 results for the quarter ended July 26, 2026, with net sales of $341.9 million, up 33% from a year earlier and up 17% from the prior quarter. GAAP net income was $160.1 million, which included a $101.4 million income tax benefit, compared with a net loss of $27.1 million a year earlier. The company also guided third-quarter net sales to $410.0 million plus or minus $5.0 million and adjusted diluted EPS to $1.05 plus or minus $0.03.
- Net sales of $341.9 million, up from $257.6 million in Q2 FY2026 and $291.0 million in Q1 FY2027.
- GAAP diluted EPS of $1.59, compared with a loss of $0.31 a year earlier; the quarter included a $101.4 million tax benefit.
- Non-GAAP adjusted diluted EPS of $0.71, up from $0.41 in Q2 FY2026.
- Q3 FY2027 outlook: net sales of $410.0 million plus or minus $5.0 million; adjusted diluted EPS of $1.05 plus or minus $0.03.
Read the filing on SEC.gov ↗
Jul 6, 5:02 PM ET
Semtech signed a new Credit Agreement on July 6, 2026, with Morgan Stanley Senior Funding as administrative agent. It includes a $360 million revolving credit facility, undrawn at closing, and an uncommitted incremental term loan, and it replaced the company's 2022 credit agreement, which was paid in full. The new facility matures July 6, 2031, and the filing says its loans and obligations are secured by substantially all company and guarantor assets, which matters to shareholders because it sets new borrowing terms and covenants.
- $360 million revolving credit facility, undrawn on the July 6, 2026 closing date, maturing July 6, 2031
- Incremental term loan capped at the greater of $332 million and 100% of Consolidated EBITDA, plus an unlimited amount if pro forma first lien net leverage is below 3.50:1.00
- Prior Third Amended and Restated Credit Agreement dated September 26, 2022, with JPMorgan Chase Bank, N.A. as agent, was terminated and paid in full
- Covenants require minimum interest coverage of 2.50:1.00 and maximum total net leverage of 4.00:1.00; a change of control is an event of default
Read the filing on SEC.gov ↗
Jun 8, 4:05 PM ET
At its June 4, 2026 annual meeting, Semtech stockholders elected nine directors, ratified Deloitte & Touche LLP as auditor for fiscal 2027, approved the executive compensation on an advisory basis, and approved an increase of 4,300,000 shares in the 2017 Long-Term Equity Incentive Plan. The company also amended its Executive Severance Plan on June 2, 2026 to provide severance for certain terminations outside a change in control.
- Nine directors elected to serve until the 2027 annual meeting; Julie G. Ruehl received 80,931,696 votes for and 257,193 withheld.
- 2017 Long-Term Equity Incentive Plan increased by 4,300,000 shares; approved with 79,476,950 votes for and 1,603,864 against.
- Amended Executive Severance Plan provides one times base salary plus a pro-rata target bonus, and up to 12 months of COBRA premiums, for qualifying terminations outside a change in control window.
- Advisory vote on executive compensation passed with 79,073,683 votes for and 1,919,240 against; Deloitte ratification received 84,825,309 votes for.
Read the filing on SEC.gov ↗
May 26, 4:07 PM ET
Semtech reported record first-quarter fiscal 2027 net sales of $291.0 million, up 16% from a year earlier, with GAAP diluted earnings per share of $0.27 versus $0.22 a year earlier. The company also guided second-quarter net sales to $328.0 million, plus or minus $5.0 million, and adjusted diluted earnings per share to $0.61, plus or minus $0.02.
- Q1 fiscal 2027 net sales of $291.0 million, up 16% year over year and up 6% from Q4 fiscal 2026
- GAAP diluted EPS of $0.27, up from $0.22 a year earlier; adjusted diluted EPS of $0.51, up from $0.38
- GAAP operating margin of 8.9%, down from 14.3% a year earlier; adjusted operating margin of 20.4%, up from 19.0%
- Q2 fiscal 2027 outlook: net sales of $328.0 million (plus or minus $5.0 million) and adjusted diluted EPS of $0.61 (plus or minus $0.02)
Read the filing on SEC.gov ↗
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