Semtech increased its fiscal year 2027 revenue and earnings per share guidance and introduced a fiscal 2030 financial model during its Data Center Analyst Day. The company’s near-term growth (FY27–28) is supported by existing backlog and customer engagements, while growth projections for FY29–30 are more conservative and based on broader market assumptions. Semtech is shifting its focus toward higher-margin data-center and LoRa products, divesting lower-margin cellular segments, and aims to achieve a 70% gross margin by FY30. Despite the positive guidance, shares dropped due to skepticism about the company’s long-term growth assumptions and execution risks. The analyst rates Semtech as a buy with a 20% upside if management executes well, but notes significant risks remain.
Semtech's shares have fallen by 4.43% on Pluang, trading at USD 135.35 as of Oct 22, 2026, 14:32 WIB. Despite the drop, all Pluang orders for SMTC are buys, showing strong investor interest at this price level.
