Semtech Sees Q3 EPS $0.23 +/- 0.03 Vs $0.21 Est.; Revenue $233M +/- $5M Vs $227.49M Est.
Portfolio Pulse from Benzinga Newsdesk
Semtech Corporation has provided its Q3 fiscal year 2025 outlook, projecting EPS of $0.23 +/- $0.03 against an estimate of $0.21, and revenue of $233M +/- $5M against an estimate of $227.49M. The company also provided non-GAAP financial measures, including a gross margin of 52% and an operating margin of 17.2%.
August 27, 2024 | 8:18 pm
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POSITIVE IMPACT
Semtech's Q3 fiscal year 2025 outlook shows a positive earnings per share (EPS) projection of $0.23 +/- $0.03, surpassing the estimated $0.21. Revenue is also expected to exceed estimates, projected at $233M +/- $5M compared to the $227.49M estimate. This positive outlook may boost investor confidence.
Semtech's projected EPS and revenue both exceed analyst estimates, indicating a strong financial performance for the upcoming quarter. This positive outlook is likely to enhance investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100