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.
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From Semtech's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2026
$1.05B
+15.5%
$-0.46
—
-3.8%
FY2025
$909.29M
+4.7%
$-2.26
—
-17.8%
FY2024
$868.76M
+14.8%
$-17.03
-1874.0%
-125.7%
FY2023
$756.53M
+2.1%
$0.96
-50.0%
8.1%
FY2022
$740.86M
+24.5%
$1.92
+111.0%
17.0%
Frequently asked questions
When is Semtech's next earnings date?
Semtech (SMTC) is scheduled to report on Monday, November 23, 2026. Analysts expect EPS of $0.92.
What did Semtech earn last quarter?
For the quarter ended Apr 2026, Semtech reported diluted EPS of $0.27 (+22.7% year over year) on revenue of $291.02M (+15.9%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.