🟢 Semtech is trading 4.05% up in pre-market after earnings beat and bullish fiscal Q3 outlook

Semtech is trading 4.05% up at $146.50 after investors continued reacting to its August 25 earnings beat and bullish fiscal Q3 outlook.

• Fiscal Q2 revenue was $341.9 million, up 33% year over year; adjusted EPS reached $0.71.
• Management expects approximately $405 million–$415 million in fiscal Q3 revenue and $1.02–$1.08 adjusted EPS, well above consensus, supported by AI data-center demand.