Semtech (SMTC) Misses Q4 EPS by 1c; Issues Mixed Outlook
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Semtech Announces Fourth Quarter and Fiscal Year 2023 Results
March 29, 2023 4:15 PM EDTCAMARILLO, 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 fourth quarter and fiscal year 2023, which ended January 29, 2023.
Highlights for the Fourth Quarter of Fiscal Year 2023
Completed the acquisition of Sierra Wireless, a leading IoT connectivity solution provider, for total purchase price consideration of $1.3 billion Semtech, excluding the results of Sierra Wireless ("Semtech Organic"), net sales of $152.5 million, better than the midpoint of the Company's guidance. Sierra... More