Semtech Corporation · SMTC · Next earnings

Semtech Corporation reports Monday, Nov 23, 2026

SMTC reports after market close with consensus EPS at $1.13 and revenue at $416.7M. Last quarter: Semtech posts record Q2 as 1.6T optics drive growth

Reports After market close18 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $1.13 Calendar consensus
Consensus revenue $416.7M Calendar consensus
Report date Nov 23, 2026 Monday, date estimated
Session After market close 18 days away

Where SMTC left off: FY2027 Q2

Full report

Semtech posts record Q2 as 1.6T optics drive growth

EPS surprise +15.6% Reported $0.71 vs $0.61
Revenue surprise +4.0% Reported $341.9M vs $328.7M
Stock move +10.4% Event window
Subsequent drift +31.4% Up to 20 sessions

Management raised the outlook: Q3 sales are guided to $410 million and adjusted EPS to $1.05, versus prior-quarter Q2 guidance of $328 million and $0.61.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Capacity may constrain growth if demand outpaces secured fab and test resources.
  • Geopolitical issues could affect OSAT and back-end testing partners.
  • Execution, integration, and pricing risks remain around the divestiture, HieFo, and optical markets.

Questions analysts left open

  • Securing enough fab and tester capacity for FY2028 as demand grows.
  • Timing and adoption of 3.2T solutions and HieFo-derived photonics products.
  • Whether gross-margin expansion can remain durable beyond structural changes.

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Recent SMTC quarters

All SMTC earnings
+10.4%FY2027 Q2-4.4%FY2027 Q1-11.0%FY2026 Q4+2.5%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.