Filing Flows › Semtech (SMTC) › Guidance history
Semtech (SMTC) guidance history: what it guided and what it reported
Semtech gave guidance in 12 earnings releases on file since Dec 6, 2023. Of 7 guided periods since reported, it met or beat its own guidance 7 times (100%). Revenue: 7 of 7, on average +1.3% against the guided midpoint. Its releases raised guidance 0 times and lowered it once.
Revenue
Met or beat 7 of 7 periods (2 above, 5 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q3 FY27 | $410M–$410M (Aug 25, 2026) | — | to be reported | — |
| Q2 FY27 | $328M–$328M (May 26, 2026) | $342M | above the range | +4.2% |
| Q1 FY27 | $283M–$283M (Mar 16, 2026) | $291M | above the range | +2.8% |
| Q4 FY26 | $273M–$273M (Nov 24, 2025) | $274M | within the range | +0.5% |
| Q3 FY26 | $266M–$266M (Aug 25, 2025) | $267M | within the range | +0.4% |
| Q2 FY26 | $256M–$256M (May 27, 2025) | $258M | within the range | +0.6% |
| Q1 FY26 | $250M–$250M (Mar 13, 2025) | $251M | within the range | +0.4% |
| Q4 FY25 | $250M–$250M (Nov 25, 2024) | $251M | within the range | +0.4% |
| Q3 FY25 | $233M–$233M (Aug 27, 2024) | — | — | — |
| Q2 FY25 | $212M–$212M (Jun 5, 2024) | — | — | — |
GAAP gross margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY25 | 48.3% (Jun 5, 2024) | — | — | — |
| Q1 FY25 | -0.2% (Mar 28, 2024) | — | — | — |
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY25 | 49.8% (Jun 5, 2024) | — | — | — |
| Q1 FY25 | 48.9% (Mar 28, 2024) | — | — | — |
GAAP operating expenses
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY25 | $96.4M (Jun 5, 2024) | — | — | — |
Adjusted operating expenses
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY25 | $77.4M (Jun 5, 2024) | — | — | — |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 17.0% (Mar 16, 2026) → reaffirmed 17.0% (May 26, 2026) → raised 18.0% (Aug 25, 2026) | — | to be reported | — |
| FY26 | 15.0% (May 27, 2025) → reaffirmed 15.0% (Aug 25, 2025) → reaffirmed 15.0% (Nov 24, 2025) | — | — | — |
| FY25 | 15.0% (Jun 5, 2024) → reaffirmed 15.0% (Aug 27, 2024) → reaffirmed 15.0% (Nov 25, 2024) | — | — | — |
| FY24 | 12.0% (Dec 6, 2023) | — | — | — |
The latest quarter
Semtech, Q2 FY27: revenue $342M (+33% year over year), operating margin 16.3%, net earnings $160M, operating cash flow $68.9M. The chart follows the revenue to costs, profit and cash.
Questions
Does Semtech beat its guidance?
Semtech gave guidance in 12 earnings releases on file since Dec 6, 2023. Of 7 guided periods since reported, it met or beat its own guidance 7 times (100%). Revenue: 7 of 7, on average +1.3% against the guided midpoint.
How often does Semtech raise guidance?
Its earnings releases raised guidance 0 times and lowered it once since Dec 6, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.