Semtech raises Q3 FY27 outlook and unveils FY30 $3.2 B revenue target at analyst day
Semtech presented its Data Center Analyst Day on Oct. 15, 2026, lifting its fiscal Q3 2027 net‑sales outlook to about $417 million and adjusted EPS to roughly $1.14. The company also disclosed a long‑term framework aiming for $3.2 billion in revenue by fiscal 2030, driven by data‑center and LoRa growth. The guidance triggered a share‑price decline of roughly 10 % to $144.21, while analysts adjusted their price targets and ratings.
Why it matters
The new outlook caused a near‑term price drop of about 10 % for investors holding SMTC shares. Several analysts revised price targets – for example, Morgan Stanley raised its target to $205 and BMO Capital to $230 – which may influence future buying or selling decisions.
Key facts
- 1Semtech shares fell 10.01% to $144.21 on Oct. 15, 2026. seekingalpha.com
- 2The company now expects fiscal Q3 2027 net sales of $417.5 million. tokenpost.com
- 3Adjusted EPS for fiscal Q3 2027 is projected at $1.14. tokenpost.com
- 4Semtech set a fiscal 2030 revenue target of $3.2 billion. seekingalpha.com
- 5Data‑center revenue is expected to reach $145 million in fiscal Q3 2027, up from $61 million in fiscal 2024. finance.yahoo.com
- 6LoRa revenue is projected at $68 million in fiscal Q3 2027, up from $61 million in fiscal 2024. finance.yahoo.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.