Semtech: Q1 Earnings Insights

Semtech SMTC reported its Q1 earnings results on Wednesday, June 7, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Semtech beat estimated earnings by 125.0%, reporting an EPS of $0.02 versus an estimate of $-0.08.

Revenue was up $34.39 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 21.36% drop in the share price the next day.

Here's a look at Semtech's past performance:

To track all earnings releases for Semtech visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.