Summary by Moomoo AI
Semtech Corporation reported Q2 fiscal 2025 net sales of $215.4 million, up 4% sequentially, with improved gross margin of 49.0% and operating margin of 3.6%. The company posted a net loss of $170.3 million, primarily due to a $144.7 million loss on debt extinguishment. Non-GAAP earnings per share reached $0.11.Operating performance showed positive momentum with adjusted EBITDA margin expanding to 18.8%, up 270 basis points sequentially. The company's core metrics demonstrated improvement, with non-GAAP gross margin reaching 50.4% and non-GAAP operating margin at 14.2%.Looking ahead, Semtech provided an optimistic Q3 outlook with projected net sales of $233 million ±$5 million and expected non-GAAP gross margin of 52.0% ±50 bps. The company anticipates non-GAAP earnings per share of $0.23 ±$0.03, reflecting continued operational improvements and growth momentum.
