Fourth Quarter of Fiscal Year 2024
Net sales of $192.9 million, above the midpoint of guidance
GAAP gross margin of % and Non-GAAP gross margin of 48.9%, above the midpoint of guidance
GAAP.
28.03.2024 - Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today reported unaudited financial results for its fourth quarter and fiscal year 2024, which ended January 28, 2024. End .
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Semtech has an average buy rating and price target range of $22 to $42, according to analysts polled by Capital IQ.
Price: 19.80, Change: +3.10, Percent Change: +18.56
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Net sales of $200.9 million, above the midpoint of guidance
GAAP gross margin of 46.3% and Non-GAAP gross margin, above the high-end of guidance, of 51.3%
GAAP diluted loss per share of $0.60.