Semtech stock rises on Q2 beat and raised guidance

Semtech Corporation (US8316371079) stock climbed after fiscal second-quarter revenue of USD 341.87 million and EPS of USD 0.71, while the shares last traded at USD 143.37 on September 4, 2026. MarketBeat said the move came after the company topped consensus, and the stock closed that session 5.9 percent higher than the prior close of USD 135.40.

Q2 beat and stronger outlook

According to MarketBeat, Semtech beat the street by USD 0.10 on EPS and by USD 13.20 million on revenue in the quarter ended August 2026. Revenue rose 32.7 percent year over year from USD 258.08 million, and the company guided fiscal third-quarter EPS to USD 1.02 to USD 1.08.

That is the number investors are watching now. The same report put the current market capitalization at USD 13.69 billion and cited 664,222 shares traded, down 76 percent from the average daily volume of 2,726,650 shares.

Price still has room to move

MarketBeat also said 15 analysts rate Semtech a Buy, with a consensus Moderate Buy and an average price target of USD 204.71. Against a last trade of USD 143.37 on September 4, 2026, the target implies a gap of 42.8 percent.

That gap matters because the stock also sat between a 50-day moving average of USD 132.59 and a 200-day moving average of USD 120.61. The 12-month range stretched from USD 57.46 to USD 177.35, so the latest move kept the shares below the top of that band.

LoRa and data center chips

Semtech says its products span data center, telecom, industrial, automotive and IoT markets, with LoRa positioned as a low-power wireless platform. The latest quarter and guidance suggest the data center and connectivity mix remains the key operating lever.

Semtech after the close

Semtech stock last traded at USD 143.37 on September 4, 2026, after reaching as high as USD 143.99 in the session. The 52-week range was USD 57.46 to USD 177.35, with market capitalization at USD 13.69 billion.