Equity Profile

SMTC

Semtech Corporation

Information TechnologySemiconductors$12.3B

Aug24Mon

Pre-Earnings Brief

UpcomingQ2-2027After Close5:00 PM EDT

Company Snapshot

Semtech Corporation (SMTC) is a semiconductor company that designs and manufactures advanced analog and mixed-signal semiconductors. With a focus on applications like IoT, cloud computing, and data centers, Semtech plays a crucial role in enabling connectivity and efficiency in the tech sector.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help assess how well Semtech is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth is vital for understanding the company's market demand and overall health, especially in the competitive semiconductor industry.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SMTC Q2-2027 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+156.78%

Avg Stock Reaction

+3.50%

Last Quarter Recap

In Q1-2027, Semtech reported an EPS of $0.51, significantly beating estimates by 68.87%. The stock reacted positively, gaining 4.90% the following day.

Management Promises & Guidance

Focus on expanding IoT applications.
Commitment to improving supply chain efficiency.
Plans to enhance product offerings in cloud computing.

Expectations

Wall Street Expectations

Overall expectations for Semtech's upcoming earnings are mixed, with investors hoping for continued strong performance based on past results.

Bull Case

If Semtech continues its streak of beating EPS estimates, it could signal strong demand for its products and lead to a positive stock reaction.

Bear Case

On the other hand, any signs of slowing revenue growth or margin compression could raise concerns about the company's ability to maintain its competitive edge.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Semtech's EPS exceed $0.51, and how will revenue growth compare to previous quarters?

Given the company's recent strong EPS performance, any decline could signal weakening demand or operational challenges.

What guidance will management provide regarding gross margins and future revenue expectations?

Margins are critical for assessing profitability, and any negative guidance could impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Semtech's ability to leverage its IoT product lines, which could drive higher-than-expected revenue growth this quarter.

Supporting Evidence

Historical EPS surprises indicate strong operational performance.

Options pricing suggests higher volatility, reflecting market uncertainty.

Recent insider buying could signal confidence in upcoming results.

Key Risk

If revenue growth falls below expectations, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reveal whether Semtech can sustain its growth trajectory amid industry challenges.

Bull Confirmed If

A revenue growth rate of at least 15% year-over-year would confirm strong demand and support the bull case.

Bear Confirmed If

A decline in gross margin below 60% would raise significant concerns about profitability and market competitiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±15.07%

Historical Avg

±4.4%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±15.1% while SMTC has averaged ±4.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

76.6%

Calls (655K)P/C Ratio: 0.12Puts (113K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Semtech beats expectations, history suggests the stock could rise by around 3.5%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience a muted reaction, reflecting uncertainty.

Miss

A miss could lead to a decline of around 4.4%, indicating potential issues in demand or profitability.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in the IoT space.
2Management's commentary on supply chain improvements.
3Insights into customer demand trends in cloud computing.
4Guidance on expected gross margins for the upcoming quarter.
5Discussion of competitive pressures in the semiconductor market.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help assess how well Semtech is managing costs and generating revenue.

N/A

Revenue Growth

Revenue growth is vital for understanding the company's market demand and overall health, especially in the competitive semiconductor industry.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SMTC Q2-2027 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+156.78%

Avg Stock Reaction

+3.50%

Last Quarter Recap

In Q1-2027, Semtech reported an EPS of $0.51, significantly beating estimates by 68.87%. The stock reacted positively, gaining 4.90% the following day.

Management Promises & Guidance

Focus on expanding IoT applications.
Commitment to improving supply chain efficiency.
Plans to enhance product offerings in cloud computing.

Expectations

Wall Street Expectations

Overall expectations for Semtech's upcoming earnings are mixed, with investors hoping for continued strong performance based on past results.

Bull Case

If Semtech continues its streak of beating EPS estimates, it could signal strong demand for its products and lead to a positive stock reaction.

Bear Case

On the other hand, any signs of slowing revenue growth or margin compression could raise concerns about the company's ability to maintain its competitive edge.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Semtech's EPS exceed $0.51, and how will revenue growth compare to previous quarters?

Given the company's recent strong EPS performance, any decline could signal weakening demand or operational challenges.

What guidance will management provide regarding gross margins and future revenue expectations?

Margins are critical for assessing profitability, and any negative guidance could impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Semtech's ability to leverage its IoT product lines, which could drive higher-than-expected revenue growth this quarter.

Supporting Evidence

Historical EPS surprises indicate strong operational performance.

Options pricing suggests higher volatility, reflecting market uncertainty.

Recent insider buying could signal confidence in upcoming results.

Key Risk

If revenue growth falls below expectations, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reveal whether Semtech can sustain its growth trajectory amid industry challenges.

Bull Confirmed If

A revenue growth rate of at least 15% year-over-year would confirm strong demand and support the bull case.

Bear Confirmed If

A decline in gross margin below 60% would raise significant concerns about profitability and market competitiveness.

Pre-Earnings Positioning

Options Market

Implied Move

±15.07%

Historical Avg

±4.4%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±15.1% while SMTC has averaged ±4.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

76.6%

Calls (655K)P/C Ratio: 0.12Puts (113K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Semtech beats expectations, history suggests the stock could rise by around 3.5%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience a muted reaction, reflecting uncertainty.

Miss

A miss could lead to a decline of around 4.4%, indicating potential issues in demand or profitability.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in the IoT space.
2Management's commentary on supply chain improvements.
3Insights into customer demand trends in cloud computing.
4Guidance on expected gross margins for the upcoming quarter.
5Discussion of competitive pressures in the semiconductor market.