🟢 Semtech is trading 4% up today after guidance topped analyst forecasts

Semtech is trading at $146.44, up +4.01%, after management’s third-quarter guidance substantially exceeded analyst forecasts.

• Extending its August 25 earnings rally after record $341.9 million second-quarter revenue and $0.71 adjusted EPS, both above expectations.
• Management projected $405–$415 million in third-quarter revenue and $1.02–$1.08 adjusted EPS, reinforcing the AI data-center growth story.
• Analyst targets were reiterated or raised, including Stifel’s $188 and Benchmark’s $230 targets.