Semtech Raises Q3 FY27 Outlook and Issues Long-Term FY30 Financial Framework

Semtech Corporation announced an updated, more optimistic financial outlook for the third quarter of fiscal year 2027 and issued a new long-term financial framework for fiscal year 2030. The details were provided during the company's Data Center Analyst Day on October 15, 2026.

Key Details

• Raised Q3 FY27 Guidance: Net sales outlook was increased to $417.5M (midpoint) from a previous $410.0M. Adjusted diluted EPS guidance was raised to $1.14 (midpoint) from a previous $1.05.
• FY30 Financial Framework: The company is targeting $3.2 billion in net sales, an adjusted operating margin of 48% to 50%, and adjusted diluted EPS of $12.40 to $13.00 by fiscal year 2030.
• Data Center Growth: The new framework projects data center net sales to reach $2.1 billion by FY30, representing a compound annual growth rate (CAGR) of 75% from fiscal year 2026.