Semtech Corp: updates Q3 2027 outlook and FY 2030 framework

What happened

• Semtech Corporation held a Data Center Analyst Day and live webcast on Oct 15, 2026 and announced an updated outlook for the third quarter of fiscal year 2027 and a financial framework for fiscal year 2030. The filing presents updated Q3 2027 guidance and FY 2030 targets and includes forward-looking statements and non-GAAP measures.

Key details

• Q3 2027 updated outlook (previous vs updated): net sales previously $410,000,000 +/- $5,000,000; updated to $417,500,000 +/- $2,500,000. Adjusted gross margin updated to 59.0% +/- 40 bps (previous 58.3% +/- 100 bps). Adjusted operating margin updated to 33.0% +/- 10 bps (previous 31.0% +/- 60 bps). Adjusted diluted earnings per share updated to $1.14 +/- $0.02 (previous $1.05 +/- $0.03).
• FY 2030 financial framework: consolidated net sales target $3,200,000,000; data center net sales target $2,100,000,000. Consolidated net sales FY26–FY30 CAGR target 38%. Data center net sales FY26–FY30 CAGR target 75%. LoRa net sales FY26–FY30 CAGR target 30%.
• FY 2030 non-GAAP targets: adjusted gross margin 70%; adjusted operating margin 48% to 50%; free cashflow as a percentage of net sales 35%; adjusted diluted earnings per share $12.40 to $13.00; adjusted diluted EPS FY26–FY30 CAGR 64% to 66%; non-GAAP diluted share count 104,000,000; adjusted normalized tax rate 20%. FY26 excludes $166,000,000 in cellular module revenue.
• The filing states these are targets and goals, not guidance or forecasts, and includes the company’s forward-looking statement caution. It also says the company is unable to reconcile forward-looking non-GAAP measures to the most comparable GAAP measures without unreasonable efforts. A replay of the analyst day webcast and presentation materials will be available on the investor relations site for 90 days following the event. The information is furnished and not deemed filed for purposes of Section 18 of the Exchange Act.

Why it may matter

• This is Item 7.01, Regulation FD disclosure, and it covers Semtech’s updated Q3 2027 outlook and a financial framework for FY 2030, including stated targets for sales, margins, EPS and cashflow presented as non-GAAP measures and accompanied by forward-looking statement disclosures. The filing does not show why the insider traded or why the company acted.