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Stock impact report

Semtech Announces Second Quarter of Fiscal Year 2018 Results

Semtech Corporation (SMTC) 
Last semtech corporation earnings: 3/11 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.semtech.com/investor-relations
Company Research Source: GlobeNewswire
CAMARILLO, Calif., Aug. 30, 2017 (GLOBE NEWSWIRE) -- Semtech Corporation (Nasdaq:SMTC), a leading supplier of high performance analog, mixed-signal semiconductors and advanced algorithms, today reported unaudited financial results for its second quarter of fiscal year 2018, which ended July 30, 2017.  Net sales computed in accordance with U.S. generally accepted accounting principles (“GAAP”), were $153.1 million, after being reduced by $3.2 million of share-based compensation associated with the previously-announced issuance of a Warrant to Comcast.  Excluding the offset associated with the Warrant, net sales were $156.3 million (“non-GAAP net sales”). Highlights for the Second Fiscal Quarter 2018 Q2 net sales increased 13% Y/Y and 6% Q/QQ2 non-GAAP net sales increased 15% Y/Y and 5% Q/QQ2 Distributer Point of Sale (POS) represented a new quarterly recordWireless and Sensing Products Group net sales grew 59% Y/Y and 19% Q/Q and represented a new quarterly recordProtection Product Show less Read more
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