Top Wall Street Forecasters Revamp Semtech Expectations Ahead Of Q2 Earnings
Semtech Corporation (NASDAQ:SMTC) will release its second quarter earnings report after the closing bell on Tuesday, Aug. 25.
Analysts expect the Camarillo, California-based company to report quarterly earnings of 61 cents per share, up from 41 cents per share in the year-ago period. The consensus estimate for Semtech’s quarterly revenue is $328.64 million. It reported $257.6 million last year, according to Benzinga Pro.
On Aug. 13, Semtech agreed to sell its cellular module business to Compal Electronics for $62 million in cash.
Shares of Semtech fell 0.6% to close at $124.09 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- BMO Capital analyst Harsh Kumar initiated coverage on the stock with an Outperform rating and a price target of $155 on Aug. 21, 2026. This analyst has an accuracy rate of 86%.
- Needham analyst N. Quinn Bolton maintained a Buy with a price target of $200 on Aug. 14, 2026. This analyst has an accuracy rate of 81%.
- TD Cowen analyst Sean O’Loughlin maintained a Buy rating and raised the price target from $210 to $215 on June 22, 2026. This analyst has an accuracy rate of 72%.
- UBS analyst Timothy Arcuri maintained a Buy rating and boosted the price target from $165 to $225 on May 27, 2026. This analyst has an accuracy rate of 88%.
- B. Riley Securities analyst Craig Kennison maintained a Buy rating and raised the price target from $165 to $210 on May 27, 2026. This analyst has an accuracy rate of 58%.
Considering buying SMTC stock? Here’s what analysts think:
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