Semtech (NASDAQ:SMTC) Surprises With Q4 Sales, Stock Jumps 1

Semtech (NASDAQ:SMTC) Surprises With Q4 Sales, Stock Jumps 10.1%

Semiconductor company Semtech (NASDAQ:SMTC) reported Q4 CY2023 results beating Wall Street analysts' expectations, with revenue up 15.2% year on year to $192.9 million. Guidance for next quarter's revenue was also optimistic at $200 million at the midpoint, 2.4% above analysts' estimates. It made a non-GAAP loss of $0.06 per share, down from its profit of $0.47 per share in the same quarter last year.

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