Semtech Q1 Revenue Hits $291 Million, Adjusted EPS Beats at $0.51 and Raises Q2 Guidance
SMTC•Semtech reported Q1 fiscal 2027 revenue of $291 million and adjusted EPS of $0.51, topping analyst forecasts of $283.3 million and $0.45. The company projects Q2 revenue between $323 million and $333 million and adjusted EPS of $0.59–$0.63, bolstered by data center and LoRa segment strength.
1. Q1 Earnings Results
Semtech delivered net income of $26.6 million, or GAAP EPS of $0.27 and adjusted EPS of $0.51 for its first quarter of fiscal 2027. Revenue reached $291 million, surpassing the consensus estimate of $283.3 million as four of six analysts had forecast lower sales.
2. Segment Performance Drivers
Record quarterly revenue was propelled by strong growth in the data center and LoRa businesses, reflecting robust demand for connectivity and high-speed networking solutions. Both segments outpaced year-ago levels as customers increased spending on infrastructure upgrades.
3. Q2 Outlook
Semtech forecast second-quarter revenue between $323 million and $333 million with adjusted EPS of $0.59 to $0.63. The guidance tops prior analyst models and indicates continued acceleration across its major business lines.
Related News
Sources
