Semtech Announces Second Quarter of Fiscal Year 2021 Results
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Semtech (SMTC) Tops Q2 EPS by 2c, Revenues Beat; Offers 3Q EPS/Revenue Guidance
August 26, 2020 4:19 PM EDTSemtech (NASDAQ: SMTC) reported Q2 EPS of $0.43, $0.02 better than the analyst estimate of $0.41. Revenue for the quarter came in at $143.7 million versus the consensus estimate of $141.76 million.
Highlights for the Second Fiscal Quarter 2021
Q2 FY2021 net sales of $143.7 million increased 8% sequentially and 5% year-over-yearQ2 FY2021 GAAP EPS of $0.24 and non-GAAP EPS of $0.43Wireless and Sensing products group net sales increased 18% sequentially, led by record net sales of LoRa® platform productsSignal Integrity products group net sales increased 20% sequentially and represented a new recordCash flow from operations was $37.2 million or 26% of net... More