Semtech is trading 10.11% up now at $162.84 after investors responded to record second-quarter revenue and stronger third-quarter sales expectations.
- Record Q2 revenue reached approximately $342 million, up 33% year over year.
- Management returned to net income and guided approximately $410 million in Q3 revenue, supported by strong data-center and AI demand.
- The broader semiconductor sector is also higher, with SOXX up 2.61%, reinforcing the rally.