Semtech Stock Slides On Q4 Earnings

Semtech Corp (NASDAQ: SMTC) reported fourth-quarter revenue of $274.4 million, surpassing analyst estimates of $273.21 million, with adjusted earnings of 44 cents per share, also beating expectations. Revenue increased by 9% year-over-year and 3% sequentially, while the company generated $61.5 million in operating cash flow. Despite these positive results, Semtech shares fell 1.31% in after-hours trading, priced at $87.83. Looking ahead, the company anticipates first-quarter revenue between $278 million and $288 million, exceeding estimates of $272.56 million.