Semtech Shares Fall 10% as It Raises Third-Quarter Outlook

Semtech shares fell 10.01% Thursday, Oct. 15, closing at $144.21 after losing $16.05. The decline coincided with the semiconductor supplier’s Data Center Analyst Day, where it raised its third-quarter fiscal 2027 net sales and adjusted diluted earnings-per-share outlook. Semtech now expects third-quarter net sales of $417.5 million, plus or minus $2.5 million, compared with its previous outlook of $410 million, plus or minus $5 million. Its adjusted diluted earnings-per-share estimate increased to $1.14, plus or minus $0.02, from $1.05, plus or minus $0.03. Both midpoint estimates rose. The company also outlined a fiscal 2030 framework with $3.2 billion in net sales, including $2.1 billion from data-center sales. For fiscal 2026 through fiscal 2030, the framework lists compound annual growth rates of 38% for consolidated sales and 75% for data-center sales.

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