SMTC News & Analysis
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Semtech (SMTC) Launches 224G Optical Chips for AI Data Centers
Semtech Corporation (SMTC) launched a range of 224 Gbps optical chips designed for AI data center applications, facilitating 800G, 1.6T, and 3.2T transceivers. This development aims to improve data transfer efficiency within AI/ML clusters and hyperscale data centers. Semtech reported record net sales of $1.05 billion for fiscal 2026, marking a 15% year-over-year increase, while non-GAAP adjusted diluted earnings per share rose to $1.71. These advancements position Semtech as a significant player in addressing performance issues in AI infrastructure.
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Semtech (SMTC) Achieves Record $291M Revenue with 16% Growth
Semtech Corporation (SMTC) reported first-quarter revenues of $291 million, an increase of 16% year-over-year. Non-GAAP adjusted diluted EPS climbed 34% to $0.51 per share. Following these results, UBS raised its price target for SMTC from $165 to $225 and maintained a Buy rating, citing strong demand for 800G optical products. The company anticipates data center growth to accelerate as new revenue streams are introduced, suggesting a positive environment for SMTC in the near term.
Read More: Semtech (SMTC) Achieves Record $291M Revenue with 16% Growth