From TokenPost · · 40s
Semtech Shares Drop 10% After Third-Quarter Outlook
Semtech shares fell 10% as it raised third-quarter fiscal 2027 sales and earnings outlook.
In brief
Semtech shares fell 10% as it raised third-quarter fiscal 2027 sales and earnings outlook. Semtech shares dropped 10.01% after raising third-quarter fiscal 2027 net sales and adjusted diluted earnings-per-share estimates. Originally reported by TokenPost.
Semtech Shares Fall
Semtech shares fell 10.01% Thursday, Oct. 15, closing at $144.21 after losing $16.05.
Third-Quarter Outlook Raised
Semtech now expects third-quarter net sales of $417.5 million, plus or minus $2.5 million, compared with its previous outlook of $410 million, plus or minus $5 million.
Fiscal 2030 Framework
Semtech outlined a fiscal 2030 framework with $3.2 billion in net sales, including $2.1 billion from data-center sales.
The one thing
Semtech shares dropped 10.01% after raising third-quarter fiscal 2027 net sales and adjusted diluted earnings-per-share estimates.
