Semtech Reports Better-Than-Expected Q2 Earnings

Semtech Corp (NASDAQ:SMTC) reported second-quarter financial results after the market close on Monday. Here’s a look at the key details from the report.

Q2 Highlights: Semtech reported second-quarter revenue of $257 million, beating analyst estimates of $256.09 million, according to Benzinga Pro. The semiconductor, IoT systems and cloud connectivity service provider reported second-quarter adjusted earnings of 41 cents per share, beating estimates of 40 cents per share.

Total revenue was up 20% on a year-over-year basis. The company reported GAAP ...