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 guidance of 0.340-0.400 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. B. Riley boosted their price target on Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Craig Hallum dropped their price target on Semtech from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $54.00 price objective on shares of Semtech in a research report on Friday. UBS Group assumed coverage on shares of Semtech in a report on Friday, January 17th. They issued a “buy” rating and a $85.00 price objective on the stock. Finally, Stifel Nicolaus set a $60.00 price objective on shares of Semtech in a 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.36.

Semtech Trading Down 3.4 %

Shares of NASDAQ SMTC opened at $32.71 on Friday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -2.51, a PEG ratio of 2.12 and a beta of 1.69. Semtech has a 12 month low of $21.56 and a 12 month high of $79.52. The stock has a 50-day moving average price of $52.84 and a two-hundred day moving average price of $51.25.

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

Insider Activity

In related news, COO Asaf Silberstein sold 2,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00. Following the transaction, the chief operating officer now directly owns 76,417 shares of the company’s stock, valued at $5,349,190. This represents a 2.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Imran Sherazi sold 2,946 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $63.30, for a total transaction of $186,481.80. Following the transaction, the senior vice president now directly owns 6,317 shares in the company, valued at approximately $399,866.10. This represents a 31.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,637 shares of company stock valued at $1,472,726 over the last quarter. 0.60% of the stock is owned by company 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.