Semtech Co. (NASDAQ: SMTC) makes analog and mixed-signal chips that enable optical data transmission, sensing, and advanced high-speed connectivity solutions. Its products are used in consumer electronics, infrastructure, industrial applications, data centers, and Internet of Things (IoT) systems. The company’s turnaround is impressive as its revenue has returned to growth since its fiscal first quarter of 2025, with its recent FQ3 YoY revenues rising 18%. The computer and technology sector company supplies its products to Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN), QUALCOMM Inc. (NASDAQ: QCOM) and Intel Co. (NASDAQ: INTC).
Semtech is benefiting from the robust demand in artificial intelligence (AI) applications, data centers, and IoT, which is driving its turnaround despite tough competition from the likes of Texas Instruments Inc. (NASDAQ: TXN), Broadcom Inc. (NASDAQ: AVGO) and Microchip Technology Inc. (NASDAQ: MCHP).
