Financial Data and Key Metrics - Net sales for Q3 2025 were $236.8 million, up 10% sequentially [40] - Gross margin was 52.4%, up 200 basis points sequentially and 110 basis points year-over-year [41] - Operating income was $43.4 million, resulting in an operating margin of 18.3%, up 410 basis points sequentially and 810 basis points year-over-year [41] - Adjusted EBITDA was $51.1 million, with an adjusted EBITDA margin of 21.6%, up 280 basis points sequentially and 760 basis points year-over-year [42] - Net earnings per share were $0.26, up from $0.11 in Q2 and $0.02 in Q3 of the previous year [43] - Operating cash flow for Q3 was $29.6 million, and free cash flow was $29.1 million [44] Business Line Performance - Infrastructure net sales were $65.8 million, up 24% sequentially and 52% year-over-year [17] - Data center net sales reached a record $43.1 million, up 58% sequentially and 78% year-over-year [17] - High-end consumer net sales were $40 million, up 8% sequentially, with TVS net sales growing to $28.3 million, up 9% sequentially and 7% year-over-year [27] - Industrial net sales were $131 million, up 5% sequentially, with LoRa-enabled solutions recording $29 million in net sales, up 1% quarter-over-quarter and 104% year-over-year [30] - IoT systems business recorded net sales of $57.9 million, up 11% sequentially [34] - IoT connected services net sales were $24.6 million, with slight sequential and year-over-year growth [37] Market Performance - Data center growth was driven by strong demand for CopperEdge and Tri-Edge PAM4 products, with shipments commencing for CopperEdge 200-gig linear redriver used in 1.6T Active Copper Cable (ACC) applications [18][24] - Telecom business, including PON and backhaul, reported net sales of $20.5 million, with support for a pilot build of triple-gen 50-gig PON with a major Chinese carrier [26] - High-end consumer market saw growth in TVS and PerSe products, with design wins across smartphones, computing, and wearables [27][29] - Industrial market growth was supported by LoRa Gen 2 and Gen 3 products, with increasing adoption in asset tracking and smart metering [30][31] - IoT systems business benefited from strong bookings and backlog, with a focus on federal agencies and critical infrastructure markets [35] Strategic Direction and Industry Competition - The company is increasing investment in data center products, projecting it as a long-term and transformational growth engine [10] - Portfolio rationalization and balance sheet improvement remain key priorities, with a focus on debt repayment and reducing leverage [11] - Operational excellence and customer engagement have driven market share gains and SAM expansion, particularly in data center and high-end consumer markets [12][13] - The company is leveraging its design competency and aligning with key customers' multi-generational roadmaps [12] - LoRaWAN remains a key strategic focus, with momentum building for gapless coverage and asset tracking applications [33] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in near- and long-term growth prospects, citing strong Q3 results and a positive Q4 outlook [7][8] - The company expects continued growth in net sales, gross margin, operating margin, and adjusted EBITDA margin in Q4 [45][48] - Data center applications are expected to lead growth in Q4, with infrastructure providing the strongest near-term tailwind [45] - High-end consumer market net sales are expected to decline due to seasonality, while industrial net sales are expected to increase, driven by LoRa and cellular IoT portfolio [46][47] Other Important Information - The company launched Semtech RISING, an initiative focused on employee development, mentorship, recognition, and pay-for-performance [15] - The Compensation Committee was renamed the Human Capital and Compensation Committee to emphasize the importance of human capital development [16] - The company made principal payments of $5 million in Q3 and $10 million subsequent to the quarter, consistent with its capital allocation priority of reducing debt [44] Q&A Session Summary Question: Data Center Business and ACC TAM - Management reaffirmed confidence in the ACC TAM, citing ecosystem engagement and the Catalina platform as key drivers [53][55] - Linear equalizer applications in cables, PCBs, and connectors are expected to contribute to revenue starting mid-2025 [57] Question: LPO Opportunity - Initial orders for LPO TIAs have been received, with meaningful net sales contribution expected by the latter portion of FY '26 [58] - LPO adoption is expected to increase due to improved signal-to-noise ratio in current and future-generation switches [67] Question: Blackwell GPU Rack Designs - Management noted that 72 GPUs are ideal for cluster sites, with 36x2 configurations being adopted by leading CSPs for 2025 and beyond [73][74] Question: Free Cash Flow and Debt Leverage - The company generated $29.6 million in operating cash flow and $29.1 million in free cash flow in Q3, with a focus on deleveraging [86] Question: PON Business and China Market - PON business remains primarily focused on China, with a triple-gen demonstration supporting 10-gig, 25-gig, and 50-gig capabilities [94] - The company is also engaging with US equipment manufacturers for PON opportunities [95] Question: LoRa Growth and Applications - LoRa growth is driven by smart metering, asset tracking, and smart home/factory applications, with new products (Gen 3 and Gen 4) expected to further enable ecosystem development [97][100] Question: Data Center Opportunity and Divestitures - The company is broadening its data center opportunity beyond a single platform, with a focus on 200-gig ports as a key metric [105][107] - Portfolio rationalization remains a priority, with potential divestitures of non-core businesses [122] Question: Gross Margin Outlook - Gross margin improvement is primarily driven by product mix, with scale also contributing to margin expansion [126]

1 | QUARTERLY EARNINGS PRESENTATION | Q3'25 SEMTECH® QUARTERLY EARNINGS PRESENTATION Q3'25 NASDAQ: SMTC Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended, based on the Company's current expectations, estimates and projections about its operations, industry, financial condition, performance, results of operations, and liquidity. Forward-looking statements are stat ...

Semtech (SMTC) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this chipmaker would post earnings of $0.10 per share when it actually produced earnings of $0.11, delivering a surprise of 10%.Over the last four quarters, the company has surpas ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Sara Kesten Semtech Corporation (805) 480-2004 webir@semtech.com Semtech Announces Third Quarter of Fiscal Year 2025 Results • Net sales of $236.8 million, up 10% sequentially • Record data center net sales of $43.1 million, up 58% sequentially • GAAP gross margin of 51.1%, up 210 basis points sequentially and Non-GAAP gross margin of 52.4%, up 200 basis points sequentially • GAAP operating margin of 7.5%, up 390 basis points sequentially and Non-GAAP operating ma ...

Semtech Corporation (SMTC) is scheduled to report third-quarter fiscal 2025 results on Nov. 25.For the fiscal third quarter, Semtech anticipates revenues to be $233 million (+/- 5 million). The Zacks Consensus Estimate for revenues is pegged at $232.6 million, indicating a rise of 15.8% from the year-ago quarter.SMTC anticipates non-GAAP earnings per share to be 23 cents (+/- 3 cents per share). The consensus mark for the same is pegged at 24 cents, unchanged over the past 60 days, indicating a robust impro ...

Analysts on Wall Street project that Semtech (SMTC) will announce quarterly earnings of $0.24 per share in its forthcoming report, representing an increase of 1100% year over year. Revenues are projected to reach $232.59 million, increasing 15.8% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company ...

Semtech Corporation (SMTC) shares hit a 52-week high of $48.24 on Wednesday and eventually closed at $47.47, up 116.6% year to date (YTD). Shares have outperformed the broader Zacks Computer & Technology sector's return of 23.1%. SMTC shares have also outperformed the Zacks Semiconductor – Analog and Mixed industry, as well as peers like Monolithic Power Systems (MPWR) , MACOM Technology Solutions (MTSI) and Analog Devices (ADI) in the same time frame. Shares of Monolithic Power Systems, MACOM Technology So ...

It has been about a month since the last earnings report for Semtech (SMTC) . Shares have added about 11.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Semtech due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Semtech's Q2 Earnings Beat, Sales Dip Y/Y Semtech C ...

Semtech's (SMTC) expanding portfolio offerings for the infrastructure end market bode well for its prospects. Through its Signal Integrity product group, SMTC offers optical and copper module ICs that support up to 1.6 Tb/s for Ethernet, Fibre Channel protocols in data center and broadband access applications as well as 4G, 5G and LTE applications for the infrastructure end market. In the first half of fiscal 2025, revenues from the infrastructure end market accounted for roughly 26% of revenues, which jump ...

Semtech (SMTC) shares have surged 93.8% year to date (YTD), outperforming the broader Zacks Computer and Technology sector's return of 19.4% and Zacks Semi-Analog & Mixed industry's appreciation of 4%. This phenomenal share price movement has been driven by solid performance across the Signal Integrity and Analog Mixed Signal & Wireless product lines. Strength in the LoRa technology was a plus. In the first half of fiscal 2025, net sales were $421.5 million, down 11.3% from the first half of fiscal 2024 due ...