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Benzinga
Benzinga
Business
Avi Kapoor

These Analysts Boost Their Forecasts On Semtech After Upbeat Q2 Earnings

Semtech SMTC
Analyst,Woman,Working,With,Information,Database,To,Analyze,Marketing,And

Semtech Corporation (NASDAQ:SMTC) reported better-than-expected second-quarter financial results after the market closed on Monday.

Semtech reported second-quarter revenue of $257 million, beating analyst estimates of $256.09 million, according to Benzinga Pro. The semiconductor, IoT systems and cloud connectivity service provider reported second-quarter adjusted earnings of 41 cents per share, beating estimates of 40 cents per share.

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