Filing Flows › Semtech (SMTC) › Q2 FY27
Semtech (SMTC) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 26, 2026
Semtech (SMTC) reported revenue of $342M for the second quarter fiscal 2027 (Q2 FY27), +33% from a year earlier and +17% from the quarter before. Operating margin was 16.3%, net earnings $160M (46.8% of revenue).
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.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $342M | +17% | +33% |
| Gross profit | $184M | +21% | +37% |
| Operating profit | $55.8M | +116% | — |
| Net earnings | $160M | +503% | — |
| Operating cash flow | $68.9M | +90% | +55% |
| Free cash flow | $61.4M | — | +48% |
What changed
Revenue was $341.9M in Q2 FY27, up 33% year over year and up 17% from the previous quarter.
Gross margin was 53.8%, up 1.7 points from Q2 FY26. Operating profit was $55.8M, a 16.3% margin (up 22.6 points year over year). Operating expenses fell 15% while revenue rose 33%. The fastest-growing cost line was Research & development (+26%). Net earnings were $160.1M. The tax line was a benefit of $101.4M on pre-tax earnings of $58.8M.
Operating cash flow was $68.9M (up 55% year over year), 43% of net earnings. Non-cash charges added back $9.8M of depreciation and amortization and $23.8M of share-based compensation. Working capital and other items used $124.8M. After net capital expenditures ($7.5M), free cash flow as the company reports it was $61.4M.
Questions
What was Semtech's revenue in the second quarter fiscal 2027?
Semtech (SMTC) reported revenue of $342M for the second quarter fiscal 2027 (Q2 FY27), +33% from a year earlier and +17% from the quarter before.
Was Semtech profitable in the second quarter fiscal 2027?
Operating profit was $55.8M (16.3% of revenue) and net earnings $160M.
Source: Semtech 10-Q on SEC EDGAR.