Q1 27 EPS
$0.51
BEAT +12.48%
Est. $0.45
Q1 27 Revenue
$291.0M
MISS 3.22%
Est. $300.7M
Did SMTC Beat Earnings? Q1 2027 Results
Semtech Corporation posted a strong first quarter of fiscal 2027, reporting record net sales of $291.00 million, up 16% year-over-year and 6% sequentially, alongside non-GAAP adjusted diluted EPS of $0.51, up 34% from the year-ago period. The primary… Read more Semtech Corporation posted a strong first quarter of fiscal 2027, reporting record net sales of $291.00 million, up 16% year-over-year and 6% sequentially, alongside non-GAAP adjusted diluted EPS of $0.51, up 34% from the year-ago period. The primary engine behind the results was the Signal Integrity segment, which generated $102.00 million in revenue, up from $73.50 million a year ago, as surging data center demand fueled adoption of the company's high-speed connectivity products. GAAP diluted EPS came in at $0.27, up 23% year-over-year, reflecting a sharp improvement from the prior quarter's net loss, which had been weighed down by significant goodwill and intangible impairments. Non-GAAP adjusted operating margin widened to 20.4%, up from 19.0% in the year-ago quarter, as the company captured operating leverage on higher revenues. Looking ahead, Semtech guided Q2 net sales to approximately $328.00 million and adjusted diluted EPS of approximately $0.61, with management citing FiberEdge and CopperEdge 1.6T product ramps as key growth catalysts expected to accelerate data center momentum through the remainder of the year.
Key Takeaways
- • Record quarterly net sales driven by 16% year-over-year growth
- • Signal Integrity segment revenue grew 39% year-over-year to $102.0 million driven by data center demand
- • Expanding design wins across data center and LoRa businesses
- • Strong bookings and backlog depth
- • Operating leverage driving non-GAAP adjusted operating margin expansion to 20.4%
SMTC Forward Guidance & Outlook
For the second quarter of fiscal year 2027, Semtech expects net sales of approximately $328.0 million (+/- $5.0 million), adjusted gross margin of approximately 54.0% (+/- 50 bps), total semiconductor products gross margin of approximately 62.1% (+/- 50 bps), adjusted operating expenses of approximately $105.2 million (+/- $2.0 million), adjusted operating income of approximately $71.9 million (+/- $2.3 million), adjusted operating margin of approximately 21.9% (+/- 40 bps), adjusted diluted EPS of approximately $0.61 (+/- $0.02), adjusted EBITDA of approximately $79.2 million (+/- $2.3 million), and adjusted EBITDA margin of approximately 24.2% (+/- 40 bps). The company expects data center growth to accelerate throughout the year as FiberEdge and CopperEdge 1.6T revenues layer onto the growth base.
SMTC YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
SMTC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Semtech is off to an exceptional start in fiscal year 2027, delivering record quarterly results and expanding design wins across our data center and LoRa businesses. As FiberEdge and CopperEdge 1.6T revenues layer onto our strong growth base, we expect data center growth to accelerate throughout the year. The strength and depth of our bookings and backlog, a broad and well-positioned product portfolio, and targeted R&D investments aligned to customer roadmaps give us strong conviction in our growth trajectory ahead.”
— Hong Hou, Q1 2027 Earnings Press Release
SMTC Earnings Trends
SMTC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SMTC EPS Trend
Earnings per share: estimate vs actual
SMTC Revenue Trend
Quarterly revenue: estimate vs actual
SMTC Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.45 | $0.51 | +12.48% | $291.0M | -3.22% |
| Q4 26 BEAT FY | $0.43 | $0.44 | +2.02% | $274.4M | +0.44% |
| FY Full Year | — | $1.71 | — | $1.05B | — |
| Q3 26 BEAT | $0.45 | $0.48 | +7.87% | $267.0M | +0.22% |
| Q2 26 BEAT | $0.40 | $0.41 | +2.17% | $257.6M | +0.60% |
| Q1 26 BEAT | $0.37 | $0.38 | +2.54% | $251.1M | +0.40% |
| Q4 25 BEAT FY | $0.32 | $0.40 | +25.63% | $251.0M | +0.70% |
| FY Full Year | — | $0.88 | — | $909.3M | — |