Filing Flows › Semtech (SMTC) › Q2 FY27 › vs Q1 FY27
Semtech (SMTC) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Semtech's revenue rose $50.9M (+17%) from $291M in Q1 FY27 to $342M in Q2 FY27. Gross margin 53.8% against 52.0% (+1.7 pts).
Semtech, Q2 FY27: revenue $342M (+33% year over year), operating margin 16.3%, net earnings $160M, operating cash flow $68.9M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 53.8% | 52.0% | +1.7 pts |
| Operating margin | 16.3% | 8.9% | +7.5 pts |
| Net margin | 46.8% | 9.1% | +37.7 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Revenue | $342M | $291M | $50.9M | +17% |
| Gross profit | $184M | $151M | $32.3M | +21% |
| Cost of revenue | $158M | $140M | $18.6M | +13% |
| Other income, net | $3.0M | $884K | $2.1M | +238% |
| Operating profit | $55.8M | $25.8M | $30.0M | +116% |
| Operating expenses | $128M | $126M | $2.3M | +2% |
| Pre-tax earnings | $58.8M | $26.7M | $32.1M | +120% |
| Research & development | $60.6M | $57.6M | $3.0M | +5% |
| SG&A | $67.3M | $66.6M | $732K | +1% |
| Income tax benefit | $101M | −$112K | $101M | — |
| Net earnings | $160M | $26.6M | $134M | +503% |
| Depreciation & amortization | $9.8M | $9.2M | $593K | +6% |
| Share-based compensation | $23.8M | $26.4M | −$2.6M | -10% |
| Working capital & other | $125M | $26.0M | $98.8M | +380% |
| Operating cash flow | $68.9M | $36.2M | $32.7M | +90% |
Questions
How much did Semtech's revenue grow quarter over quarter in Q2 FY27?
Semtech's revenue rose $50.9M (+17%) from $291M in Q1 FY27 to $342M in Q2 FY27. Gross margin 53.8% against 52.0% (+1.7 pts).