These Analysts Boost Their Forecasts On Semtech After Upbeat Q2 Earnings

Semtech Corporation (NASDAQ:SMTC) reported better-than-expected second-quarter financial results after the market closed on Monday.

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.

"Our second quarter results reflect strong year-over-year financial performance, driven by deep customer engagement, operational discipline, and a culture of excellence," said Hong Hou, president and CEO of Semtech.

Semtech expects third-quarter revenue to be in the range of $261 ...