Equity Profile

SMTC

Semtech Corporation

Information TechnologySemiconductors$14.1B

Aug24Mon

Pre-Earnings Brief

UpcomingQ2-2027After Close5:00 PM EDT

Company Snapshot

Semtech Corporation (SMTC) operates in the semiconductor industry, providing advanced technologies that enable connectivity in various applications, including IoT and cloud computing. With a market cap of $14 billion, its innovations are crucial for powering modern electronic devices and supporting trends like AI and smart infrastructure.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and meet demand, particularly in the fast-evolving tech landscape.

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 expectations by nearly 69%. The stock reacted positively, gaining almost 5% the following day.

Management Promises & Guidance

Focus on expanding product offerings in IoT and cloud markets.
Commitment to maintaining strong gross margins.
Plans to enhance operational efficiencies.

Expectations

Wall Street Expectations

Investors are optimistic about Semtech's upcoming earnings, especially given its strong track record of beating EPS estimates. However, there are concerns about revenue growth amid competitive pressures.

Bull Case

If Semtech continues its trend of exceeding EPS expectations, it could signal robust demand for its products, leading to a significant stock price increase.

Bear Case

Conversely, if revenue growth falls short or margins decline, it could raise doubts about the company's future prospects, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given Semtech's history of beating EPS estimates, this will be a crucial indicator of ongoing profitability.

How is revenue growth tracking in key segments like IoT and cloud?

Understanding revenue growth in these segments will provide insight into the company's ability to capitalize on market trends.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Semtech's ability to leverage its IoT and cloud product lines, which could drive stronger-than-expected revenue growth.

Supporting Evidence

Semtech has consistently beaten EPS estimates, suggesting stronger operational performance than anticipated.

Options pricing indicates a significant expected move, hinting at underlying volatility that may not be fully reflected in consensus estimates.

Key Risk

If revenue from IoT and cloud segments exceeds expectations, it could challenge current market assumptions about growth sustainability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Semtech can maintain its growth trajectory in a competitive environment, making these thresholds critical.

Bull Confirmed If

An EPS of $0.55 or higher would confirm strong profitability and growth momentum.

Bear Confirmed If

An EPS below $0.40 could signal potential issues with cost management or demand.

Pre-Earnings Positioning

Options Market

Implied Move

±15.07%

Historical Avg

±4.4%

Pricing rich

The options market is pricing in a significant move, suggesting 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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$455,633.75

5,000 sh

3 insiders

Net

$455,633.75

Net selling

Most Active Insiders· 3 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Semtech beats expectations and raises guidance, history suggests a stock increase of around 3.5%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 4.4% following disappointing results.

Preparation

Congressional Activity

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

Trades

2 buys·0 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on revenue growth in IoT and cloud segments.
2Any commentary on cost management and gross margins.
3Insights into competitive pressures and market share.
4Management's outlook on future demand trends.
5Details on new product launches or technological advancements.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

CAVA Group, Inc.

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and meet demand, particularly in the fast-evolving tech landscape.

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 expectations by nearly 69%. The stock reacted positively, gaining almost 5% the following day.

Management Promises & Guidance

Focus on expanding product offerings in IoT and cloud markets.
Commitment to maintaining strong gross margins.
Plans to enhance operational efficiencies.

Expectations

Wall Street Expectations

Bull Case

If Semtech continues its trend of exceeding EPS expectations, it could signal robust demand for its products, leading to a significant stock price increase.

Bear Case

Conversely, if revenue growth falls short or margins decline, it could raise doubts about the company's future prospects, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given Semtech's history of beating EPS estimates, this will be a crucial indicator of ongoing profitability.

How is revenue growth tracking in key segments like IoT and cloud?

Understanding revenue growth in these segments will provide insight into the company's ability to capitalize on market trends.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Semtech's ability to leverage its IoT and cloud product lines, which could drive stronger-than-expected revenue growth.

Supporting Evidence

Semtech has consistently beaten EPS estimates, suggesting stronger operational performance than anticipated.

Options pricing indicates a significant expected move, hinting at underlying volatility that may not be fully reflected in consensus estimates.

Key Risk

If revenue from IoT and cloud segments exceeds expectations, it could challenge current market assumptions about growth sustainability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Semtech can maintain its growth trajectory in a competitive environment, making these thresholds critical.

Bull Confirmed If

An EPS of $0.55 or higher would confirm strong profitability and growth momentum.

Bear Confirmed If

An EPS below $0.40 could signal potential issues with cost management or demand.

Pre-Earnings Positioning

Options Market

Implied Move

±15.07%

Historical Avg

±4.4%

Pricing rich

The options market is pricing in a significant move, suggesting 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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$455,633.75

5,000 sh

3 insiders

Net

$455,633.75

Net selling

Most Active Insiders· 3 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Semtech beats expectations and raises guidance, history suggests a stock increase of around 3.5%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 4.4% following disappointing results.

Preparation

Congressional Activity

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

Trades

2 buys·0 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on revenue growth in IoT and cloud segments.
2Any commentary on cost management and gross margins.
3Insights into competitive pressures and market share.
4Management's outlook on future demand trends.
5Details on new product launches or technological advancements.