Semtech's Mixed Q3: Data Center Boom, Margin Worries

Semtechs Q3 earnings showed mixed results, with revenue meeting expectations and adjusted earnings per share beating predictions. The company reported strong demand in data centers and LoRa segments, but investors were concerned about shifts in product mix and pressure on profit margins. Semtechs stock dropped after the earnings call due to slightly lower guidance for the fourth quarter. Analysts focused on CopperEdge technology adoption, linear equalizers, and low-power optical design wins. The companys ability to manage supply chain and production capacity will be crucial for future growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.