Christopher Rolland

Harsh Kumar

Quinn Bolton

Craig Ellis

Tore Svanberg

Cody Acree

Scott Searle

Cody Grant Acree

Timothy Arcuri

Auguste Richard

Dino

Joe Moore

Joseph Moore

Kyle Smith

Rich Schafer

Tristan Gerra

Tyler Bomba

- Semtech Corp reported record net sales of **$257.6 million** for Q2 2026, marking a **20% year-over-year increase** and the sixth consecutive quarter of growth, with adjusted diluted earnings per share reaching **$0.41**, a substantial improvement from the prior year.  **[88941_tx_350818_5]** 
- The company significantly strengthened its balance sheet, reducing debt by **$879 million** since the CEO's tenure began, which resulted in an **80% year-over-year reduction in quarterly interest expense** and improved the net leverage ratio to **1.6x** at the close of Q2 2026, down from 8.8x a year ago.  **[88941_tx_350818_1]** **[88941_tx_350818_5]** 
- Growth was observed across all end markets, with infrastructure net sales increasing **39% year over year** driven by record data center revenues of **$52.2 million**, and high-end consumer net sales rising **11% year over year**.  **[88941_tx_350818_1]** **[88941_tx_350818_3]** 
- For Q3 2026, Semtech expects net sales of **$266 million** (plus or minus $5 million), anticipating continued sequential growth in the data center and high-end consumer markets, and slight growth in the industrial end market.  **[88941_tx_350818_5]** 
- The company is progressing with its data center solutions, expecting Linear Pluggable Optics (LPO) revenues to begin ramping in **Q4 2025** and Active Copper Cable (ACC) products to launch with US hyperscaler customers during **calendar year 2026**.  **[88941_tx_350818_2]**

Semtech Corp Reports Record Q2 2026 Net Sales and Strengthened Financial Position

SEMTECH (SMTC)