Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Semtech ( (SMTC) ) has provided an announcement.
Semtech Corporation reported a strong third quarter for fiscal year 2025 with net sales reaching $236.8 million, marking a 10% sequential increase. The company saw record growth in its data center sector, with sales rising by 58% to $43.1 million. Despite a GAAP loss per share of $0.10, Non-GAAP earnings per share hit $0.26, reflecting effective market strategies and a focus on AI-driven demand. The results demonstrate Semtech’s strategic market positioning and commitment to expanding its market share amidst growing technical demands.
Learn more about SMTC stock on TipRanks’ Stock Analysis page.