🟢 SMTC is trading 7.9% up today after Q1 earnings beat and strong AI-driven guidance

SMTC is trading 7.9% higher at $177.50 in pre-market trading following a significant Q1 earnings beat and optimistic forward-looking guidance.

• The company reported Q1 fiscal 2027 revenue of $291M, up 16% year-over-year and well above analyst estimates, with EPS also topping forecasts.
• Management highlighted aggressive data center growth tied to AI interconnect demand and issued strong Q2 2027 guidance, which is driving bullish sentiment ahead of the market open.