Semtech Projects $410M Q3 FY2027 Revenue with Strong Data Center Growth
Semtech (NASDAQ: SMTC) reported second-quarter revenue of $342 million and earnings per share of $0.71, driven by strong performance in key business areas. The company is projecting third-quarter fiscal year 2027 revenue to reach approximately $410 million, supported by a projected 45% sequential growth from its data center segment. The CEO, Hong Hou, highlighted the team's exceptional execution during the quarter and expressed confidence in continued momentum across core markets. The company is also advancing plans for the divestiture of its cellular module business as part of strategic realignment efforts to focus on high-growth areas like data centers.
Tickers: $SMTC
Topics: executive commentary Q2 FY2027 earnings revenue report Semtech