Corrects to show that the company provided guidance for the second quarter and not ifacal year 2013:
Semtech Corp. (SMTC) Wednesday said first-quarter profit surged to $14.77 million or $0.22 per share from $2.21 million or $0.03 per share in the same period last year.
Adjusted earnings for the quarter was $31.3 million or $0.46 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.46 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $162.41 million, up from $116.64 million last year. Analysts expected revenues of $158.73 million.
Looking ahead to the second quarter, the company expects to report earnings in the range of $0.21 to $0.29 per share, with adjusted earnings ranging between $0.50 to $0.56 per share.
Revenues for the second quarter are projected in the range of $164.0 million to $172.0 million. Analysts currently expect the company to earn $0.53 per share on revenues of $167.22 million.
For comments and feedback contact: editorial@rttnews.com
Business News
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.