$SMTC (Semtech Corporation)

$SMTC {{ '2016-06-01T22:06:02+0000' | timeago}} • Webcast

Mitch Steves of RBC Capital Markets asks about the GM dynamics and the reason for the 100 BP increase. $SMTC said it was mostly a mix of the products that it shipped more of in 1Q17. And in the quarter there were some low margin products which were going to be in the revenue mix, but those were pushed out of the quarter, which helped GM.

$SMTC {{ '2017-11-30T14:54:41+0000' | timeago}} • Webcast

Net revenue from $SMTC's Signal Integrity Product Group rose 6% YoY and represented 41% of  revenues. Net revenues from Protection Product Group rose 23% YoY , representing 32% of total revenues. Net revenues of Wireless and Sensing Product Group rose 29% YoY, representing 20% of total net revenues.

$SMTC {{ '2017-11-30T14:45:34+0000' | timeago}} • Webcast

During 3Q18, $SMTC's shipments into Asia represented 75% of total net sales, followed by 17% from North America and 8% from Europe. Bookings during the quarter rose sequentially, resulting in a book-to-bill of approx. 1, which accounted for approx. 50% of shipments during 3Q18.

$SMTC {{ '2017-11-30T14:03:44+0000' | timeago}} • Announcement

For 4Q18, $SMTC expects its net sales to be the range of $131.5-135.5MM. Diluted EPS are expected to be in the range of $0.08-0.10 and non-GAAP EPS of about $0.40-0.42.

$SMTC {{ '2017-11-30T14:01:13+0000' | timeago}} • Announcement

Semiconductor maker $SMTC reported a 57% drop in its 3Q18 net income to $13.3MM, $0.20 per share, from $30.7MM, or $0.46 per share during 3Q17. Adj. EPS was $0.54 per share. Net sales during the quarter rose 10% YoY to $150.3MM.

$SMTC {{ '2017-08-30T21:22:26+0000' | timeago}} • Infographic

$SMTC Semtech Earnings AlphaGraphic: Q2 2018 Highlights

$SMTC {{ '2017-08-30T20:54:23+0000' | timeago}} • Announcement

$SMTC expects 3Q18 net sales of $145-153MM, gross margin of 59-60% and EPS of $0.18-0.22. Capital expenditures are expected to be about $12MM and depreciation expense is predicted to be about $5.3MM. On non-GAAP basis, the company predicts net sales of $152-160MM, gross margin of 61-61.8% and EPS of $0.48-0.52 for 3Q18.

$SMTC {{ '2017-08-30T20:53:38+0000' | timeago}} • Announcement

$SMTC reported a jump in 2Q18 earnings driven by its LoRa initiatives in the IoT market, ClearEdge 100Gbps platforms in cloud and hyperscale data center, and Z-platforms in Mobile market. Net income rose to $12.56MM or $0.19 per share from $8.98MM or $0.14 per share last year. Sales grew 13% to $153.13MM. Non-GAAP EPS increased 37% to $0.48.

$SMTC {{ '2017-08-09T16:15:16+0000' | timeago}} • Announcement

$SMTC said Wifx, a supplier of gateways and integrated solutions, has used $SMTC’s LoRa devices and wireless RF technology for its new LORIX One gateways. Wifx LORIX One is expected to help increase the adoption of LoRaWAN-based Internet of Things applications and its first model targets LoRaWAN outdoor deployment in Europe.

$SMTC {{ '2017-07-11T15:54:07+0000' | timeago}} • Announcement

$SMTC announced the availability of a new load switch in its FemtoSwitch product family. The new ultra-low-Ron load-switch is critical in improving power performance by maintaining a negligible voltage drop when the switch is turned on. It is ideal for preserving the battery life of certain products such as automotive smart-keys.

$SMTC {{ '2017-06-30T11:34:56+0000' | timeago}} • Announcement

$SMTC's acquisition of AptoVision Technologies Inc is expected to add over 30 employees based in Montreal. AptoVision's CEO, Kamran Ahmed, will join Semtech, reporting to Gary Beauchamp, EVP and GM of Semtech's Signal Integrity Products Group.

$SMTC {{ '2017-06-30T11:31:10+0000' | timeago}} • Announcement

$SMTC does not expect its acquisition of AptoVision Technologies Inc. to have any material impact to its 2Q18 financial outlook. The company expects the deal to be neutral to its FY18 non-GAAP earnings and to be accretive to its FY19 non-GAAP earnings.

$SMTC {{ '2017-06-30T11:27:36+0000' | timeago}} • Announcement

$SMTC has agreed to acquire AptoVision Technologies Inc., a privately-held provider of Video over IP solutions, for $28MM and additional contingent consideration of up to $47MM. Semtech expects to fund the purchase price using its current cash assets. The acquisition is expected to close during the current fiscal quarter.

$SMTC {{ '2017-06-06T18:03:46+0000' | timeago}} • Announcement

$SMTC announced its collaboration with SCOSCHE Industries, an innovator of consumer technology and car audio installation products and accessories, by integrating $SMTC's LinkCharge wireless charging platform with SCOSCHE's award-winning MagicMount magnetic mounting solutions for mobile devices.

$SMTC {{ '2017-05-31T22:03:01+0000' | timeago}} • Webcast

China has had a very strong ramp up in smartphones, but the trend is now stabilizing. $SMTC said China's share in the global market is currently stabilizing, but expects it to pick back up again in 2H18.

$SMTC {{ '2017-05-31T21:33:08+0000' | timeago}} • Webcast

$SMTC said it delivered 6th consecutive quarter of strong performance as the growth drivers and target markets continues to deliver solid results. The company added that FY18 is off to a great start and it will continue to expand gross margin and control operating expense.

$SMTC {{ '2017-05-31T21:18:35+0000' | timeago}} • Webcast

For 1Q18, semiconductors supplier $SMTC's shipments into Asia represented 75% of total net sales, while North America and Europe represented 18% and 7%, respectively. Total sales through distribution represented approx. 64% and direct net sales represented approx. 36% for the quarter, said the company.

$SMTC {{ '2017-05-31T21:00:56+0000' | timeago}} • Announcement

$SMTC expects 2Q18 net sales of $147-157MM, EPS of $0.20-0.26 and non-GAAP EPS of $0.43-0.49. The company sees 2Q18 non-GAAP net sales of $150-160MM, gross margin of 59.5-60.6% and non-GAAP gross margin of 60.5-61.5%. $SMTC sees fully-diluted share count of about 67.5MM shares, tax rate of 22-26% and non-GAAP tax rate of 19-23%.

$SMTC {{ '2017-05-31T20:57:22+0000' | timeago}} • Announcement

$SMTC reported a rise in 1Q18 earnings as strong demand for several of its key growth platforms drove sales higher. Net income rose to $11.82MM or $0.18 per share from $6.89MM or $0.11 per share last year. Net sales grew to $143.8MM from $131.15MM. Non-GAAP EPS increased to $0.44 from $0.30.

$SMTC {{ '2017-03-21T18:01:42+0000' | timeago}} • Announcement

$SMTC announced initial production release of new, integrated ClearEdge CDR solutions that enables low-cost SFP28 SR modules and Active Optical Cables (AOCs) for data center, enterprise and wireless applications.

$SMTC {{ '2017-03-21T18:01:38+0000' | timeago}} • Announcement

$SMTC announced the release of a new transceiver and transimpedance amplifier (TIA) for next-generation 10G optical modules. 10G optical modules serve high-demand enterprise and wireless infrastructure applications.

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