Semtech (NASDAQ:SMTC) Issues Q1 2026 Earnings Guidance

Semtech (NASDAQ:SMTC) updated its first quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.340-0.400 for the period, compared to the consensus earnings per share estimate of 0.340. The company issued revenue guidance of $245.0 million-$255.0 million, compared to the consensus revenue estimate of $250.9 million. Semtech also updated its Q1 guidance to $0.34-0.40 EPS.

Semtech Stock Down 3.4 %

SMTC traded down $1.14 during midday trading on Thursday, reaching $32.71. 3,283,691 shares of the company’s stock were exchanged, compared to its average volume of 2,809,040. The business has a 50-day simple moving average of $52.84 and a two-hundred day simple moving average of $51.25. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -2.51, a price-to-earnings-growth ratio of 2.12 and a beta of 1.69. Semtech has a one year low of $21.56 and a one year high of $79.52.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Thursday, March 13th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $249.40 million. Semtech’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) earnings per share. As a group, research analysts anticipate that Semtech will post -0.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on SMTC shares. Piper Sandler reissued an “overweight” rating and issued a $55.00 price objective (down previously from $75.00) on shares of Semtech in a research report on Monday, February 10th. Robert W. Baird dropped their price objective on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Needham & Company LLC dropped their price target on Semtech from $74.00 to $54.00 and set a “buy” rating for the company in a report on Monday, February 10th. UBS Group initiated coverage on shares of Semtech in a report on Friday, January 17th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, Roth Mkm increased their target price on Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.00.

Insiders Place Their Bets

In related news, SVP Imran Sherazi sold 2,946 shares of Semtech stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $63.30, for a total transaction of $186,481.80. Following the transaction, the senior vice president now owns 6,317 shares of the company’s stock, valued at $399,866.10. The trade was a 31.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Lin sold 6,114 shares of Semtech stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.74, for a total transaction of $401,934.36. Following the transaction, the chief financial officer now directly owns 3,531 shares in the company, valued at $232,127.94. This represents a 63.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,637 shares of company stock worth $1,472,726. 0.60% of the stock is owned by corporate insiders.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.