Pre-earnings brief
Reports
Mon, Nov 23, 2026
Est. EPS
—
Est. revenue
—
Implied move
±21.6%
EPS beat rate
100%
—
Est. EPS
—
Est. Rev
—
Impl. Move
±18.6%
Semtech Corporation (SMTC) is a technology company that designs and manufactures semiconductor products. Its solutions are used in various applications, including data centers, IoT devices, and telecommunications, making it significant in the growing sectors of AI and cloud computing.
Last quarter
In Q2-2027, Semtech reported an EPS of $0.71, significantly beating expectations. The stock reacted positively, gaining 5.47% the following day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+131.49%
Avg 1-day reaction
+3.80%
Overall, the market is optimistic about Semtech's upcoming earnings, especially given its strong past performance. Investors are looking for continued growth in EPS and revenue.
Bull case
If Semtech beats EPS expectations again, it could signal strong demand for its products, leading to further stock price appreciation.
Bear case
Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price.
Key metrics to watch
Earnings Per Share (EPS)
Expected to be around $0.71.EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.
Revenue Growth
Not available.Revenue growth indicates how well the company is expanding its business and capturing market share.
The print will turn on these.
Q1
Will the EPS exceed $0.71, continuing the trend of significant surprises?
A strong EPS could reinforce investor confidence and drive the stock price higher.
Q2
What guidance will management provide regarding revenue growth in the upcoming quarters?
Guidance on revenue growth is crucial for assessing the company's future performance and market position.
Why consensus could be wrong
The Street may be underestimating the impact of Semtech's new IoT products, which could drive higher-than-expected revenue growth this quarter.
Supporting evidence
The company has a 100% EPS beat rate over the last eight quarters, indicating strong performance.
Recent trends in the semiconductor industry suggest increasing demand for IoT solutions, which Semtech is well-positioned to capitalize on.
Key risk
If guidance indicates a slowdown in IoT demand, it could challenge the current optimistic outlook.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it follows a series of strong earnings surprises, and the market is eager to see if this trend continues.
Bull confirmed if
An EPS of $0.75 or higher would confirm the bull case and indicate strong demand.
Bear confirmed if
An EPS below $0.65 would support the bear case and raise concerns about declining demand.
What the market is pricing for the move.
Implied Move
±15.23%
Historical Avg
±4.7%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.
Options are pricing ±21.6% while SMTC has averaged ±4.7% over the last 8 prints — setup is pricing rich.
ATM IV
0.7%
30d HV
79.5%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$555,387.29
2,967 sh
2 insiders
Net
$555,387.29
Net selling
Most Active Insiders· 2 open-market trades
$382,420.00
Net selling
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Semtech beats expectations, history suggests the stock could rise by around 3.8%, confirming strong demand.
In line / cautious
If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.
Miss
Should the company miss expectations, history indicates a potential drop of around 4.7%, reflecting investor disappointment.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
3
0 buys·3 sells
Members
1
House only
Est. Notional
$3,003.00–$45,000.00
disclosed dollar ranges
Most Active Members
3 trades
The lines on the call that would change the story.
Gross Margin
Gross margin reflects the efficiency of production and pricing strategy, crucial for understanding profitability.
$172,967.29
Net selling
Recent Transactions
Oct 2, 2026 · @ $191.21
2,000 sh
$382,420.00
Oct 1, 2026 · @ $178.87
967 sh
$172,967.29
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Net selling
Recent Transactions
Traded Jul 21, 2026 · disclosed Sep 4, 2026
$1,001.00–$15,000.00
Traded Jul 16, 2026 · disclosed Sep 4, 2026
$1,001.00–$15,000.00
Traded Jun 30, 2026 · disclosed Jul 2, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.