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Semtech SMTC Q2 2027 earnings

Reported August 25, 2026 · After market close

Revenue$341.9MBeat by $13.2M
EPS$0.71Beat by $0.10
Revenue estimate$328.7M
EPS estimate$0.61
The Semtech team executed exceptionally well, delivering record revenue across our key focus areas, earnings leverage that continued to outpace revenue growth and significant progress on portfolio optimization. Accelerating bookings and record backlog point to a strong inflection in growth with new revenue drivers and visibility expected to extend well into next fiscal year. Growing our focus areas and expanding margins all serve the same goal: building a predictable, high-margin and high-return business.
Hong Hou

Next report

Nov 23, 2026 (in 3 months)
Revenue estimate$410.6M
EPS estimate$1.06

Financials

Q2 2027

Income statement

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Revenue$341.9M+32.7%
Gross profit$183.8M+37.0%
Operating income$55.8M+444%
Net income$160.1M+692%
EPS (diluted)$1.59+613%

Balance sheet

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Cash & equivalents$204.1M+21.1%
Total debt$525.0M-3.8%
Total equity$748.9M+35.4%
Total assets$1.6B+17.2%

Cash flow

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Operating cash flow$68.9M+55.2%
CapEx$7.5M+160%
Free cash flow$61.4M+47.9%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$13.12B+160%
Enterprise value$13.44B+148%
P/E85.2×
P/S11.2×+6.1×

Profitability

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Gross margin52.1%+0.2pp
Net margin13.1%
FCF margin16.4%+3.6pp

Returns & leverage

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Return on equity23.7%
Debt / equity0.7×-0.3×
Current ratio1.7×-0.8×

Segments

By segment

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Signal Integrity$126.2M+64.4%
Analog Mixed Signal and Wireless$117.4M+27.5%
IoT Systems and Connectivity$98.3M+10.8%

FAQ

When did Semtech report Q2 2027 earnings?
Semtech (SMTC) reported Q2 2027 earnings on August 25, 2026 after market close.
What were Semtech's Q2 2027 revenue and EPS?
Semtech reported revenue of $341.9M and eps of $0.71 for Q2 2027.
Did Semtech beat estimates in Q2 2027?
Revenue beat the consensus estimate of $328.7M by $13.2M. EPS beat the consensus estimate of $0.61 by $0.10.
How did Semtech's Q2 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 32.7% from $257.6M a year earlier and eps grew 73.2% from $0.41.
Where can I find Semtech's Q2 2027 SEC filings?
You can read the 8-K earnings release (0000088941-26-000028) and the 10-Q periodic report (0000088941-26-000034) directly on SEC EDGAR. The filing index links above go to sec.gov.