Semtech Corp - SMTC STOCK NEWS

Semtech Corporation (SMTC) reported its Q1 FY2022 results, with net sales of $170.4 million, marking a 3% sequential and 28% year-over-year increase. GAAP gross margin rose to 61.5% and operating income surged 14x sequentially. Notably, the Wireless and Sensing products group achieved record sales, up 7% sequentially and 78% year-over-year. For Q2, Semtech anticipates net sales between $177.0 million and $187.0 million, with EPS expected to range from $0.40 to $0.48, despite potential challenges from the ongoing COVID-19 pandemic.

Semtech Corporation (Nasdaq: SMTC) has appointed Charles B. Ammann as its first ESG officer to spearhead sustainability initiatives. The company aims to foster diversity, inclusion, and employee engagement while advancing its Environmental, Social, and Governance efforts. Key initiatives for 2021 include enhancing diverse hiring practices, developing leadership programs, and leveraging its LoRa® IoT technology for environmental conservation. Semtech is committed to aligning its corporate citizenship with long-term sustainability goals to benefit stakeholders.

Semtech Corporation (NASDAQ: SMTC) will release its first quarter financial results for fiscal year 2022 after market close on June 2, 2021. The results will be disclosed via Business Wire and available on Semtech's website. A conference call to discuss the financial performance, current business activities, and future outlook will take place at 2 p.m. PT (5 p.m. ET) on the same day. The call will also be accessible through a live webcast, with a replay available afterward.

Semtech Corporation (Nasdaq: SMTC) has announced a collaboration with SAS to deliver innovative Edge-to-Cloud IoT solutions aimed at addressing major global challenges, including natural disasters and sustainability. The partnership will leverage LoRaWAN® connectivity and SAS's IoT analytics platform, facilitating the development of effective IoT solutions. This strategic alliance strives to simplify the complexities of IoT implementations, enhancing intelligent decision-making for a smarter and safer planet.

Semtech Corporation (Nasdaq: SMTC) announced a partnership with Intel to create optical semiconductor platforms for Light Detection and Ranging (LiDAR). This collaboration integrates Semtech’s laser drivers and programmable transimpedance amplifiers into Intel's RealSense LiDAR Camera L515, achieving high efficiency and resolution. The L515 delivers up to 23 million depth points per second and operates effectively in low signal-to-noise ratio conditions. Semtech is developing future chipsets together with Intel to advance applications in various sectors including robotics and logistics.

Semtech Corporation (Nasdaq: SMTC) announced a collaboration with InVue to integrate the LoRaWAN® protocol into InVue LIVE products aimed at enhancing retail operations. This partnership focuses on improving efficiency, security, and shopper experience through actionable data insights. InVue LIVE devices utilize a LoRaWAN network for real-time monitoring, enabling retailers to track customer interactions, reduce theft, and optimize inventory management. The initiative showcases advancing IoT applications in retail, positioning both companies to meet the evolving demands of the industry.

Semtech Corporation (SMTC) has partnered with Arnouse Digital Devices Corporation to integrate its AVX200T extender ASIC into ADDC's secure thin clients, the SR10-FDD and SR20-FDD. This collaboration enhances data security and provides uncompressed 4K60 video quality across various sectors including retail, banking, and government. The SR10-FDD can accommodate up to 10 local desktops, while the SR20-FDD supports up to 20. Semtech aims to meet the growing demand for AV extension solutions focused on high-quality performance and security.

Semtech Corporation (Nasdaq: SMTC) has partnered with EchoStar Mobile to launch an initiative testing satellite connectivity services through the LoRaWAN® protocol. This collaboration aims to create a cost-effective, real-time, bidirectional IoT connectivity service using the LoRa technology, promising to expand access in sectors such as logistics and agriculture. The LoRaWAN protocol's recent expansion includes support for Long Range – Frequency Hopping Spread Spectrum (LR-FHSS) data rates, allowing millions of devices to connect through both terrestrial and satellite networks.

Semtech Corporation (SMTC) has launched the LoRa® Corecell Reference Design for full duplex gateway applications in the U.S. ISM band. This new product enhances network capacity for smart metering, buildings, and factories while providing cost savings compared to cellular alternatives. The full duplex design improves message response times and reduces management costs by enabling simultaneous data transmission and reception. Key features include a 10x power reduction, up to +27dBm transmit power, and extensive demodulation capabilities.