Semtech projects $410M Q3 FY2027 revenue with 45% sequential data center growth as cellular module divestiture advances

Semtech Corporation reported impressive Q2'27 results, with net sales of $342 million and adjusted diluted earnings per share of $0.71, surpassing market expectations. The company's strong performance was particularly driven by record revenue in data center and LoRa products, which increased significantly compared to previous quarters and years.

This success led to a 9% jump in Semtech's shares, reaching $132.17 in after-hours trading. The company's improved margins, operating cash flow, and free cash flow also contributed to the positive market reaction. Data center sales reached a record $100 million, with further growth attributed to the increasing demand for 800G products and the early adoption of 1.6T solutions.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.