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Semtech Sees Q3 EPS $0.23 +/- 0.03 Vs $0.21 Est.; Revenue $233M +/- $5M Vs $227.49M Est.

Author: Benzinga Newsdesk | August 27, 2024 04:18pm

Third Quarter of Fiscal Year 2025 Outlook

(in millions, except per share data)  
Net sales $ 233.0     +/-   $5.0
Non-GAAP Financial Measures          
Gross margin   52.0 %   +/-   50 bps
Operating expenses, net $ 81.0     +/-   $1.0
Operating income $ 40.2     +/-   $2.8
Operating margin   17.2 %   +/-   80 bps
Interest expense, net $ 18.8          
Normalized tax rate   15 %        
Diluted earnings per share $ 0.23     +/-   $0.03
Adjusted EBITDA $ 48.7     +/-   $2.8
Adjusted EBITDA margin   20.9 %   +/-   80 bps
           
Diluted share count   78.6          

See "Non-GAAP Financial Measures" below for additional information about our non-GAAP financial results.

The Company is unable to include a reconciliation of forward-looking non-GAAP results to the corresponding GAAP measures as this is not available without unreasonable efforts due to the high variability and low visibility with respect to the impact of transaction, integration and restructuring expenses, share-based awards, amortization of acquisition-related intangible assets and other items that are excluded from these non-GAAP measures. The Company expects the variability of the above charges to have a potentially significant impact on its GAAP financial results.

Posted In: SMTC

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