Semtech (NASDAQ:SMTC) Releases 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 %

Shares of NASDAQ:SMTC traded down $1.14 during midday trading on Thursday, reaching $32.71. 3,283,691 shares of the company traded hands, compared to its average volume of 2,809,040. The firm’s fifty day moving average price is $52.84 and its two-hundred day moving average price is $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 12 month low of $21.56 and a 12 month high of $79.52.

Semtech (NASDAQ:SMTC) last released its earnings results on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The firm had revenue of $251.00 million during the quarter, compared to the consensus estimate of $249.40 million. During the same quarter in the previous year, the firm earned ($0.06) EPS. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. Analysts forecast that Semtech will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on SMTC. B. Riley boosted their price objective on Semtech from $61.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Robert W. Baird lowered their target price on Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Stifel Nicolaus set a $60.00 price objective on shares of Semtech in a research note on Monday. Susquehanna increased their target price on Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, November 21st. Finally, Northland Securities upped their target price on shares of Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Insider Buying and Selling at Semtech

In other news, SVP Imran Sherazi sold 1,338 shares of Semtech stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $75.00, for a total transaction of $100,350.00. Following the transaction, the senior vice president now directly owns 14 shares of the company’s stock, valued at $1,050. The trade was a 98.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Asaf Silberstein sold 2,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00. Following the completion of the sale, the chief operating officer now directly owns 76,417 shares of the company’s stock, valued at approximately $5,349,190. This trade represents a 2.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,637 shares of company stock valued at $1,472,726. 0.60% of the stock is owned by company 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.