Earnings Call Summary | Semtech(SMTC.US) Q4 2023 Earnings Conference
Earnings Call Summary | Semtech(SMTC.US) Q4 2023 Earnings Conference
The following is a summary of the Semtech Corp. (SMTC) Q4 2023 Earnings Call Transcript:
以下是Semtech Corp.(SMTC)2023年第四季度财报电话会议记录的摘要:
Financial Performance:
财务业绩:
Semtech reported Q4 net sales of $192.9 million, exceeding the midpoint of their guidance.
Gross margin was at 48.9%, driven by lower overhead and larger portions of lower margin sales.
Operating expenses dropped 7% to $76.5 million, with reduced R&D costs and stable administrative costs.
Net loss per share was reported at $0.06.
The annual financial data for FY2024 shows net sales of $868.8 million, gross margin of 49.5%, and diluted earnings per share of $0.14.
Q4 ended with a cash balance of $128.6 million, and a positive operating cash flow of $13.9 million with a free cash flow of $4.2 million.
Semtech公布的第四季度净销售额为1.929亿美元,超过了预期的中点。
毛利率为48.9%,这得益于管理费用减少和利润率较低的销售额的较大部分。
运营支出下降了7%,至7,650万美元,研发成本降低,管理成本稳定。
每股净亏损为0.06美元。
FY2024 的年度财务数据显示,净销售额为8.688亿美元,毛利率为49.5%,摊薄后的每股收益为0.14美元。
第四季度结束时现金余额为1.286亿美元,正运营现金流为1,390万美元,自由现金流为420万美元。
Business Progress:
业务进展:
All end markets witnessed growth in Q4 with increased interest in their FiberEdge transimpedance amplifiers and laser drivers in the data center segment.
Q4 infrastructure net sales were at $39.4 million despite a decline of 9%, while high-end consumer sales fell 15% to $32.1 million, but with a nominal increase in Q4 POS compared to Q3.
Industrial net sales rose 1% to $121.5 million in Q4 with IoT systems net sales rising 11% to $65.5 million.
The company is investing in 5G and CAT 1 bis offerings and expects net sales for Q1 2025 to be around $200 million.
Semtech recognizes the gradual shift from copper to optical in data centers and expects to adapt with their competency in both areas.
Despite a weak foreseeable hardware sector, improvements in the industrial and modules business are noted.
Semtech has repositioned its LoRa and NIC businesses under a new segment to increase visibility into their legacy businesses.
The company witnessed a quicker business recovery than expected due to successful roadmap execution and anticipates a healthy run rate once the business conditions improve.
随着对数据中心领域FiberEdge跨阻放大器和激光驱动器的兴趣增加,所有终端市场在第四季度均实现了增长。
尽管下降了9%,但第四季度基础设施净销售额仍为3,940万美元,而高端消费品销售额下降了15%,至3,210万美元,但第四季度POS与第三季度相比名义增长。
第四季度工业净销售额增长了1%,达到1.215亿美元,物联网系统的净销售额增长了11%,达到6,550万美元。
该公司正在投资5G和CAT 1 bis产品,预计2025年第一季度的净销售额约为2亿美元。
Semtech意识到数据中心正在逐步从铜缆向光学过渡,并希望凭借其在这两个领域的能力进行调整。
尽管可预见的硬件行业表现疲软,但工业和模块业务仍有改善。
Semtech已将其LoRa和NIC业务重新定位到一个新的细分市场下,以提高其传统业务的知名度。
由于成功执行了路线图,该公司的业务复苏速度快于预期,并预计一旦业务状况改善,运营率将保持良好。
More details: Semtech IR
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