Semtech Corp. (SMTC) reported third quarter adjusted EPS of $0.53 Thursday morning, compared to $0.52 a year ago. The consensus estimate was for EPS of $0.43. Fourth quarter adjusted EPS is expected to be between $0.41 and $0.45, compared to the consensus estimate of $0.41.
Semtech gapped open sharply higher Thursday, but was range-bound throughout the session. The stock closed up by 2.94 at $27.86 on the highest volume of the year. Semtech broke out to its highest level in over 7 months.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.