Semtech (SMTC) Q3 FY2027 Earnings Call: Guidance and Outlook
Semtech provided formal guidance for the third quarter of fiscal year 2027, projecting robust sequential and year-over-year growth across revenue, margins, and earnings per share.
About Semtech. Semtech Corporation is a technology firm specializing in the creation, production, and global distribution of advanced analog and mixed-signal semiconductor components, complemented by sophisticated algorithms. The company's extensive product portfolio begins with signal integrity solutions.
Call date
Sentiment score
+45 Positive
Management tone, -100 to +100
Sentiment change
0
vs Q1 FY2027 call
Sector
Information Technology, Semiconductors and Semiconductor Equipment
58.3%, plus or minus 100 basis points (63.9% excluding the cellular module business).
Adjusted net operating expenses
$112 million, plus or minus $3 million.
Adjusted diluted earnings per share
$1.05, plus or minus $0.03.
Annual guidance
Annual guidance
No formal full-year numerical guidance was provided on the call, though management indicated plans to share a multi-year financial framework at the upcoming October 15 investor event.
Outlook
Data center demand
Projected sequential data center growth of 45% in Q3, representing approximately 160% growth year-over-year, with continued strong contribution from 800-gig and a meaningful ramp in 1.6T CopperEdge and FiberEdge.
LoRa revenue
Projected all-time high for LoRa revenue in Q3 with sequential growth of about 15% and year-over-year growth of about 65%.
Capital expenditures
CapEx is expected to grow as a percentage of sales to support fab capacity for gain chips and CW lasers, but remain generally below 5% of net sales.
Cellular module divestiture
The divestiture of the cellular module business is expected to close in the fourth quarter of the current fiscal year and be EPS neutral on a non-GAAP basis.
Dombey's summary of the Semtech Q3 FY2027 earnings call held Aug 25, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
