Semtech Earnings: Slower Growth Ahead?

Semtech, a semiconductor company, is poised to release its earnings report this Monday. Last quarter, it surpassed revenue expectations by 19.6% but saw an increase in inventory levels. Analysts predict a 12.6% year-over-year revenue growth for this quarter, reaching $266.6 million, with adjusted earnings of $0.45 per share. Semtech has a strong history of meeting or exceeding expectations, having missed revenue predictions only once in the last two years. However, the broader semiconductor sector has underperformed recently, with average share prices down 9.5% over the last month, including Semtechs 5.3% decline.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.