Description
Semtech: Initiation of Coverage- Will 1.6T Optical Shipments Trigger the Next Big Revenue Ramp?
Semtech Corporation reported its first quarter of fiscal year 2027 results with record revenue of $291 million, marking a 6% sequential increase and 16% year-over-year growth. Adjusted diluted earnings per share rose 34% year-over-year to $0.51. The company highlighted significant momentum in its data center and LoRa businesses, supported by strong bookings, backlog, and design win expansions. The divestiture process for its cellular module business is in final stages, aiming for completion soon. In the infrastructure end market, net sales were $98.8 million, up 14% sequentially and 36% year-over-year, driven by data center growth which accounted for $71.6 million in revenue. Semtech’s 800-gig FiberEdge portfolio and linear pluggable optics (LPO) solutions gained traction with major hyperscalers in the U.S. and China. The company anticipates further growth from 1.6T optical shipments launching in Q2 and advancing through the year. CopperEdge solutions for 1.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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