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Semtech Q2 Revenue Jumps 32.7% as Shares Soar 15%

8/28/2026

31 5 Full Breakdown

Summary

Story summary

Semtech reported Q2 2026 revenue of $341.9 million, a 32.7% year-over-year increase.
Non-GAAP earnings reached $0.71 per share, beating estimates by 15.6%.
Semtech guided Q3 net sales of $405-$415 million, implying at least 52% growth.
Shares rose nearly 15% to about $142.43 after the results.
LoRa-enabled industrial sales jumped 58% YoY, reaching record levels.

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Story summary

Semtech reported Q2 2026 revenue of $341.9 million, a 32.7% year-over-year increase.
Non-GAAP earnings reached $0.71 per share, beating estimates by 15.6%.
Semtech guided Q3 net sales of $405-$415 million, implying at least 52% growth.
Shares rose nearly 15% to about $142.43 after the results.
LoRa-enabled industrial sales jumped 58% YoY, reaching record levels.