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Semtech Announces Second Quarter of Fiscal Year 2025 Results

  • 2024/9/2 9:56:47

　　Aug 27, 2024 4:15 PM

　　CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation(Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today reported unaudited financial results for its second quarter of fiscal year 2025, which endedJuly 28, 2024.

　　- Net sales of $215.4 million, up 4% sequentially

　　- GAAP gross margin of 49.0%, up 70 basis points sequentially and Non-GAAP gross margin of 50.4%, up 60 basis points sequentially

　　- GAAP operating margin of 3.6%, up 210 basis points sequentially and Non-GAAP operating margin of 14.2%, up 200 basis points sequentially

　　- GAAP diluted loss per share of $2.61 and Non-GAAP diluted earnings per share of $0.11

　　- Adjusted EBITDA margin of 18.8%, up 270 basis points sequentially

　　"Semtech continues to execute on an established strategy to grow our business, as demonstrated by solid second quarter financial performance and a favorable outlook for our third quarter that forecasts acceleration of this growth," saidHong Hou, Semtech's president and chief executive officer. "We are well-positioned to capture significant future market opportunities through a disciplined growth-focused approach."

　　"I am pleased to report gross, operating and adjusted EBITDA margin each improved sequentially and year-over-year in our second quarter," saidMark Lin, Semtech's executive vice president and chief financial officer. "Continued improvements in these metrics, along with net sales growth in our third quarter outlook, demonstrate our commitment to prudent cost control while continuing to grow the business."

　　About Semtech

　　Semtech Corporation(Nasdaq: SMTC) is a high-performance semiconductor, IoT systems and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected and sustainable planet. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets.

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