Semtech (NASDAQ:SMTC) Updates Q2 2026 Earnings Guidance

Semtech (NASDAQ:SMTC) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.370-0.43 for the period. The company issued revenue guidance of $251.0 million-$261.0 million.

Semtech Stock Performance

Shares of SMTC traded up $1.50 during midday trading on Tuesday, hitting $38.78. 4,122,168 shares of the stock traded hands, compared to its average volume of 2,161,956. Semtech has a 1-year low of $24.05 and a 1-year high of $79.52. The firm has a market capitalization of $3.36 billion, a PE ratio of -2.97, a price-to-earnings-growth ratio of 2.12 and a beta of 1.88. The business’s 50 day moving average price is $33.13 and its two-hundred day moving average price is $47.32.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Tuesday, May 27th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. As a group, equities research analysts forecast that Semtech will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SMTC shares. Craig Hallum reduced their price target on shares of Semtech from $70.00 to $55.00 and set a “buy” rating for the company in a report on Friday, March 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $55.00 price objective (down previously from $75.00) on shares of Semtech in a report on Monday, February 10th. Robert W. Baird reduced their price objective on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Benchmark reduced their price objective on shares of Semtech from $82.00 to $68.00 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Semtech in a report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.33.

Insider Activity

In other news, CFO Mark Lin sold 2,907 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $37.71, for a total transaction of $109,622.97. Following the completion of the transaction, the chief financial officer now owns 13,481 shares in the company, valued at approximately $508,368.51. This trade represents a 17.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in shares of Semtech by 11.5% in the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after buying an additional 968 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Semtech by 12,214.3% in the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after buying an additional 2,565 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Semtech by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after buying an additional 22,629 shares during the period.

About Semtech

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.