Semtech (SMTC) Q1 Earnings: What To Expect

May 26, 2025 at 03:00 AM EDT

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Semiconductor company Semtech (NASDAQ: SMTC) will be reporting earnings tomorrow afternoon. Here’s what to look for.

Semtech met analysts’ revenue expectations last quarter, reporting revenues of $251 million, up 30.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

Is Semtech a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Semtech’s revenue to grow 21.8% year on year to $251 million, a reversal from the 12.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.37 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Semtech has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1% on average.

Looking at Semtech’s peers in the semiconductor manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FormFactor delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 0.9%, and Amkor reported a revenue decline of 3.2%, topping estimates by 3%. FormFactor traded up 3.1% following the results while Amkor was down 2.7%.

Read our full analysis of FormFactor’s results here and Amkor’s results here.

There has been positive sentiment among investors in the semiconductor manufacturing segment, with share prices up 10% on average over the last month. Semtech is up 24.5% during the same time and is heading into earnings with an average analyst price target of $54.17 (compared to the current share price of $37.27).

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Semtech (SMTC) Q1 Earnings: What To Expect

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