Why Semtech Stock Was Flying This Week

IT hardware maker Semtech (NASDAQ: SMTC) has been cruising higher over the past few days, thanks in no small part to an investor-pleasing quarterly earnings report it published on Tuesday. As of mid-evening Thursday, its stock price was up by nearly 15%, according to data compiled by S&P Global Market Intelligence.Semtech's second quarter of fiscal 2027 featured record net sales of just under $342 million, up a robust 33% year over year. Net income not under generally accepted accounting principles (non-GAAP, or adjusted) surged higher, rising 89% to $69.5 million, or $0.71 per share. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool