Semtech exceeded expectations on Q1 earnings last night, and investors were at first overjoyed. Semtech still lost money, however, and while that may change, it's likely to lose money this year.
Semtech's (SMTC) fiscal first-quarter results benefit from strong momentum across the infrastructure and consumer markets amid softness in the industrial market.
Shares of Semtech Co. NASDAQ: SMTC had been stuck in limbo until recently. For the past two years, the stock struggled to break out of its $20 to $30 price channel.
Semtech Corporation (NASDAQ:SMTC ) Q1 2025 Earnings Conference Call June 5, 2024 5:00 PM ET Company Participants Mark Lin - Executive Vice President & Chief Financial Officer Paul Pickle - President & Chief Executive Officer Conference Call Participants Harsh Kumar - Piper Sandler Tore Svanberg - Stifel Quinn Bolton - Needham & Company Rick Schafer - Oppenheimer & Company Cody Acree - The Benchmark Company Tristan Gerra - Baird Craig Ellis - B. Riley Securities Scott Searle - ROTH Capital Partners Anthony Stoss - Craig-Hallum Operator Greetings.
The headline numbers for Semtech (SMTC) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.