Semtech lifts Q3 FY27 outlook and unveils FY30 $3.2 B revenue target
Semtech announced on Oct. 15 that its fiscal Q3 2027 net sales are now expected to be $417.5 million and adjusted EPS $1.14, up from prior guidance. The company also presented a FY30 framework targeting $3.2 billion in revenue, driven by data‑center and LoRa growth. The guidance release sent the stock down about 10 % to $144.21, but prompted several analysts to raise their price targets.
Why it matters
The higher outlook raises long‑term revenue expectations, but the immediate share decline reflects investor concern over the aggressive FY30 targets. Analysts responded by adjusting price targets – Morgan Stanley to $205, BMO Capital to $230, Northland to $186 and Stifel to $200 – indicating revised valuation views.
Key facts
- 1Semtech expects fiscal Q3 2027 net sales of $417.5 million. tokenpost.com
- 2Adjusted EPS for fiscal Q3 2027 is now projected at $1.14. tokenpost.com
- 3The FY30 revenue target is $3.2 billion. seekingalpha.com
- 4Semtech shares fell 10.01% to $144.21 on Oct. 15. seekingalpha.com
- 5Morgan Stanley raised its price target to $205. investing.com
- 6BMO Capital raised its price target to $230. marketscreener.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.