Semtech | 8-K: Semtech Announces First Quarter of Fiscal Year 2025 Results
Semtech | 8-K: Semtech Announces First Quarter of Fiscal Year 2025 Results
先科电子 | 8-K:Semtech 公布2025财年第一季度业绩
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Semtech Corporation reported Q1 FY2025 results with net sales of $206.1M, exceeding the high-end of guidance range. The company achieved a GAAP gross margin of 48.3% and non-GAAP gross margin of 49.8%, while GAAP operating expenses decreased 16% YoY to $96.4M. The quarter resulted in a GAAP net loss of $23.2M, or $0.36 per diluted share.The company demonstrated strong cost management with non-GAAP operating expenses down 17% YoY to $77.4M. Adjusted EBITDA reached $33.1M with a 16.1% margin, showing sequential and YoY improvements. Management noted meaningful declines in channel inventories across all end markets and expects hardware business recovery in second half of the year.For Q2 FY2025, Semtech projects net sales of $212M ±$5M, with non-GAAP gross margin of 50% ±50bps and operating expenses of $77.5M ±$1M. The company expects non-GAAP diluted earnings per share of $0.09 ±$0.03.