🟢 Semtech is trading 8% up today after strong Q1 results and raised Q2 guidance

Semtech is trading 8% up at $176.96 following a strong fiscal Q1 2027 earnings report and bullish forward guidance.

• The company reported revenue of $291.0 million, up 16% year-over-year and well above estimates, alongside non-GAAP EPS of $0.51.
• Management raised Q2 revenue guidance to a range of $323 million to $333 million and EPS to $0.59 to $0.63, citing robust momentum in AI and data center demand.
• The price action reflects a post-earnings revaluation as the company continues to outperform market expectations.