# Semtech Shares Drop 10% After Third-Quarter Outlook

> Semtech shares fell 10% as it raised third-quarter fiscal 2027 sales and earnings outlook.
- Title: Semtech Shares Drop 10% After Third-Quarter Outlook | Shortify
- Summary: 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…
- Keywords: semtech, third-quarter, fiscal 2027, net sales, adjusted diluted earnings per share, data center, crypto, finance, Shares, Drop, Outlook, TokenPost
- Source: TokenPost — https://tokenpost.com/news/business/33074
- Published: 2026-10-16T06:09:25+00:00
- Read time: 1 min
- Topics: semtech, third-quarter, fiscal 2027, net sales, adjusted diluted earnings per share, data center, crypto, finance
## 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.
## Key takeaway

Semtech shares dropped 10.01% after raising third-quarter fiscal 2027 net sales and adjusted diluted earnings-per-share estimates.