On August 25, Semtech rose 6.11% in pre-market trading, trading at $127.0/share, with turnover of $3.4552 million. The company is scheduled to release its FY2027 Q2 earnings report after market close today, with consensus EPS estimate at $0.41.

The move comes as the semiconductor sector rebounds broadly following a sharp pullback in the prior session, during which Semtech fell over 5%. Today, sector peers Intel rose 3.48%, Advanced Micro Devices gained 3.27%, and Micron Technology advanced 2.58%. Fundamentally, Semtech reported Q1 revenue of $291 million (+15.92% YoY) and net income of $26.56 million (+37.31% YoY), with management guiding data center business Q2 revenue growth of 85% YoY.

On the product front, the company announced in mid-August the mass production of two new LoRa Plus transceivers, the LR2022 and LR2012, which together with the previously launched LR2021 form a complete three-chip matrix covering Sub-GHz to satellite-direct multi-band IoT deployments. UBS also maintained a Buy rating ahead of earnings, citing long-term AI momentum.

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