Semtech Shares Fall 10% as It Raises Third-Quarter Outlook
Photo: TokenPost
Semtech shares fell 10.01% Thursday, Oct. 15, closing at $144.21 after losing $16.05. The decline coincided with the semiconductor supplier’s Data Center Analyst Day, where it raised its third-quarter fiscal 2027 net sales and adjusted diluted earnings-per-share outlook. Semtech now expects third-quarter net sales of $417.5 million, plus or minus $2.5 million, compared with its previous outlook of $410 million, plus or minus $5 million. Its adjusted diluted earnings-per-share estimate increased to $1.14, plus or minus $0.02, from $1.05, plus or minus $0.03. Both midpoint estimates rose.
Source: TokenPost
