Semtech Corp reports Q2 EPS improvement, predicts Q3 EPS $0.20-$0.26, and focuses on optical data communications growth.
Semtech Corp reported Q2 EPS of -$2.61, an improvement from -$5.97 in the same period in 2021, with revenue down to $215.4M from $238.4M. The company's Q3 earnings guidance predicts EPS of $0.20-$0.26 and revenue of $228-$238M. Semtech's shares have increased to $38.16, and the company's focus remains on growth in optical data communications and other sectors.
August 27, 2024
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