Semtech FY27 Q2 GAAP diluted EPS rises to $1.59; net sales climb 33% year-over-year to $341.9 million

• Semtech posted GAAP diluted EPS of USD 1.59, swinging from a loss a year earlier; GAAP operating margin widened 7.4 percentage points to 16.3%.
• Net sales rose 17% sequentially to USD 341.9 million, climbing 33% from a year earlier; GAAP gross margin improved 1.8 percentage points to 53.8%.
• On a non-GAAP basis, adjusted diluted EPS increased 39% year-over-year to USD 0.71; adjusted operating margin widened 5.6 percentage points to 24.4%.
• Management cited record revenue, accelerating bookings, record backlog, and progress on portfolio optimization; it highlighted visibility extending well into next fiscal year.
• For Q3, net sales are forecast at USD 410 million plus or minus USD 5 million; non-GAAP adjusted diluted EPS is guided to USD 1.05 plus or minus USD 0.03.

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