Why Semtech Stock Raced 15% Higher Today
Shattering a quarterly record for net sales, specialty chipmaker (NASDAQ: SMTC) made a splash on the stock market Tuesday with its latest earnings report. Investors flocked to the company that day, leaving it with a more than 15% gain on its share price at closing. By comparison, the S 500 index only eked out an increase, with a 0.4% rise that trading session.
That all-time high was $257.6 million, which bested Semtech's take in the year-ago quarter by a robust 20%. The company's second quarter of 2026 also saw a dramatic improvement in non-GAAP (adjusted) net income; this line item ballooned to $36.7 million ($0.41 per share) from the $8.1 million it netted in the same period of fiscal 2025.
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Source Fool.com
Semtech Corp. Aktie
61,70 €
1,38 %
Die Semtech Corp. Aktie genießt uneingeschränkte Beliebtheit: Nur Buy-Einschätzungen.
Mit einem Kursziel von 68 € für Semtech Corp. ist ein leichter Anstieg gegenüber dem aktuellen Kurs von 61.7 € zu erwarten.
