SMTC Q2 FY2027 earnings: EPS beat by 15.6%, revenue beat by 4.0%
Semtech reported Q2 FY2027. EPS came in at $0.71 against a $0.61 consensus, beat by 15.6%. Revenue was $341.9M versus $328.7M expected, beat by 4.0%. Gross margin was 53.8%, up 190 bps from last quarter.
§
The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $0.71 | $0.61 | beat by 15.6% |
| Revenue | $341.9M | $328.7M | beat by 4.0% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $341.9M | +17.5% | +32.7% |
| Gross profit | $183.8M | +21.6% | +37.2% |
| Operating income | $55.8M | +81.2% | +104.5% |
| Net income | $160.1M | +504.2% | +691.6% |
| Diluted EPS | $1.59 | +488.9% | +612.9% |
| Gross margin: 53.8%. |
§
The trend
Revenue is up 32.7% from the same quarter last year. Gross margin sits at 53.8%, a new high for the period charted.
§
How it stacks up
Pro
This section is part of the Pro report for SMTC.
Subscribe — $49.99/mo →
§
Go deeper on SMTC
The Weekly Semi Engine
The week in semiconductors, in your inbox. Free.
Every Saturday: the tape, the rotation, the prints that mattered, and what the desk is watching next week. No noise.
Get it every Saturday →