Semtech (NASDAQ:SMTC) Updates Q1 2026 Earnings Guidance

Semtech (NASDAQ:SMTC) updated its first quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.340-0.400 for the period, compared to the consensus estimate of 0.340. The company issued revenue guidance of $245.0 million-$255.0 million, compared to the consensus revenue estimate of $250.9 million. Semtech also updated its Q1 guidance to $0.34-0.40 EPS.

Analyst Upgrades and Downgrades

Several research firms have commented on SMTC. Northland Securities increased their price target on shares of Semtech from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Benchmark increased their target price on shares of Semtech from $56.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Needham & Company LLC lowered their target price on shares of Semtech from $74.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Robert W. Baird reduced their price target on Semtech from $80.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, Stifel Nicolaus set a $60.00 price objective on Semtech in a research report on Monday. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Semtech currently has an average rating of “Moderate Buy” and an average price target of $67.00.

Semtech Trading Down 3.4 %

Shares of NASDAQ SMTC traded down $1.14 during midday trading on Thursday, reaching $32.71. The company had a trading volume of 3,281,404 shares, compared to its average volume of 2,807,583. The business’s 50-day simple moving average is $52.84 and its 200 day simple moving average is $51.25. The stock has a market cap of $2.48 billion, a P/E ratio of -2.51, a P/E/G ratio of 2.12 and a beta of 1.69. Semtech has a 1 year low of $21.56 and a 1 year high of $79.52.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $251.00 million during the quarter, compared to analyst estimates of $249.40 million. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) EPS. Analysts predict that Semtech will post -0.02 earnings per share for the current year.

Insider Transactions at Semtech

In other news, SVP Imran Sherazi sold 1,338 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $75.00, for a total transaction of $100,350.00. Following the sale, the senior vice president now directly owns 14 shares of the company’s stock, valued at $1,050. This represents a 98.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark Lin sold 6,114 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.74, for a total value of $401,934.36. Following the sale, the chief financial officer now owns 3,531 shares in the company, valued at $232,127.94. This trade represents a 63.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,637 shares of company stock worth $1,472,726 over the last quarter. 0.60% of the stock is currently owned by insiders.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.