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SMTC News3 articles
Semtech Stock Jumps 4.3% on Q3 Revenue Forecast Beating Estimates by 14%
Semtech (SMTC) shares rose 4.3% premarket after Q3 revenue guidance of $410M beat consensus by 14%, driven by data-center sales up 91%.
Intuit Tumbles 10% on Weak Guidance; Tech ETFs Drift Lower
Intuit's stock fell 10% after its fiscal 2027 outlook missed expectations, while QQQ and SPY edged lower in overnight trading ahead of Nvidia's earnings.
Semtech Jumps on Strong Q3 Forecast, AI Demand Drives Beat
Semtech shares gained 3.3% after projecting Q3 revenue of $410 million, exceeding analyst expectations by $50 million, fueled by AI networking demand.