Semtech Announces Second Quarter of Fiscal Year 2027 Results

Record net sales of $341.9 million, up 17% sequentially and up 33% year-over-year

GAAP gross margin of 53.8% and Non-GAAP adjusted gross margin of 54.5%

GAAP operating margin of 16.3% and Non-GAAP adjusted operating margin of 24.4%

GAAP diluted earnings per share of $1.59 and Non-GAAP adjusted diluted earnings per share of $0.71