🔴 Semtech is trading 4.3% down in pre-market amid broad semiconductor weakness

Semtech is trading 4.3% down at $118.81 after broad semiconductor weakness pressured chip and AI-infrastructure stocks on August 24, 2026.

• Several semiconductor names were lower pre-market, while the Nasdaq 100 was also declining.
• Ahead of Semtech’s August 25 earnings release, analysts expect approximately $328.6 million in revenue and $0.61 non-GAAP EPS.
• No new company-specific announcement was identified; the move is best characterized as sector and broader risk-off pressure, with earnings uncertainty adding context rather than a confirmed catalyst.