Movement Alert｜Semtech Rises 5.63% in Pre-Market Trading, Strong Q1 Earnings and Upbeat Guidance Continue to Fuel Bullish Sentiment

Market Focus06-02

On June 2, Semtech rose 5.63% in pre-market trading, trading at 157.5 USD/share, with trading volume of approximately $1.95 million. The rally continues to be driven by the company's first fiscal quarter results, which significantly exceeded market expectations.

Specifically, Semtech reported adjusted earnings per share of $0.51, beating the consensus estimate of $0.45 by 13.33% and representing a 34.21% year-over-year increase. Revenue came in at $291 million, surpassing the expected $283 million and growing 12.9% year over year. Notably, data center revenue reached a record $71.6 million, up 39% year on year, driven by accelerating AI optical business momentum.

The company's Q2 guidance further boosted confidence, projecting adjusted EPS of $0.59 to $0.63 versus the analyst estimate of $0.51, and revenue of $323 million to $333 million versus the expected $301 million. Morgan Stanley raised its price target from $155 to $175, citing potential for the data center business to nearly double year over year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1108962011?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-02 17:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1108962011","market":"us","top_or_hot":-1,"title":"Movement Alert｜Semtech Rises 5.63% in Pre-Market Trading, Strong Q1 Earnings and Upbeat Guidance Continue to Fuel Bullish Sentiment","media":"Market Focus","content":"<p><p>On June 2, Semtech rose 5.63% in pre-market trading, trading at 157.5 USD/share, with trading volume of approximately $1.95 million. The rally continues to be driven by the company's first fiscal quarter results, which significantly exceeded market expectations.</p><p>Specifically, Semtech reported adjusted earnings per share of $0.51, beating the consensus estimate of $0.45 by 13.33% and representing a 34.21% year-over-year increase. Revenue came in at $291 million, surpassing the expected $283 million and growing 12.9% year over year. Notably, data center revenue reached a record $71.6 million, up 39% year on year, driven by accelerating AI optical business momentum.</p><p>The company's Q2 guidance further boosted confidence, projecting adjusted EPS of $0.59 to $0.63 versus the analyst estimate of $0.51, and revenue of $323 million to $333 million versus the expected $301 million. Morgan Stanley raised its price target from $155 to $175, citing potential for the data center business to nearly double year over year.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Semtech Rises 5.63% in Pre-Market Trading, Strong Q1 Earnings and Upbeat Guidance Continue to Fuel Bullish Sentiment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Semtech Rises 5.63% in Pre-Market Trading, Strong Q1 Earnings and Upbeat Guidance Continue to Fuel Bullish Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-06-02 17:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On June 2, Semtech rose 5.63% in pre-market trading, trading at 157.5 USD/share, with trading volume of approximately $1.95 million. The rally continues to be driven by the company's first fiscal quarter results, which significantly exceeded market expectations.</p><p>Specifically, Semtech reported adjusted earnings per share of $0.51, beating the consensus estimate of $0.45 by 13.33% and representing a 34.21% year-over-year increase. Revenue came in at $291 million, surpassing the expected $283 million and growing 12.9% year over year. Notably, data center revenue reached a record $71.6 million, up 39% year on year, driven by accelerating AI optical business momentum.</p><p>The company's Q2 guidance further boosted confidence, projecting adjusted EPS of $0.59 to $0.63 versus the analyst estimate of $0.51, and revenue of $323 million to $333 million versus the expected $301 million. Morgan Stanley raised its price target from $155 to $175, citing potential for the data center business to nearly double year over year.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMTC","symbol_name":"先科电子","start_time":0,"source_url":"","article_id":"1108962011","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108962011","pubTimestamp":1780393815,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 2, Semtech rose 5.63% in pre-market trading, trading at 157.5 USD/share, with trading volume of approximately $1.95 million. The rally continues to be driven by the company's first fiscal...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMTC":"先科电子"},"translate_title":"走势提示|Semtech盘前涨5.63%强劲的Q1盈利和乐观指引继续助长看涨情绪","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMTC":1},"content_text":"On June 2, Semtech rose 5.63% in pre-market trading, trading at 157.5 USD/share, with trading volume of approximately $1.95 million. The rally continues to be driven by the company's first fiscal quarter results, which significantly exceeded market expectations.Specifically, Semtech reported adjusted earnings per share of $0.51, beating the consensus estimate of $0.45 by 13.33% and representing a 34.21% year-over-year increase. Revenue came in at $291 million, surpassing the expected $283 million and growing 12.9% year over year. Notably, data center revenue reached a record $71.6 million, up 39% year on year, driven by accelerating AI optical business momentum.The company's Q2 guidance further boosted confidence, projecting adjusted EPS of $0.59 to $0.63 versus the analyst estimate of $0.51, and revenue of $323 million to $333 million versus the expected $301 million. Morgan Stanley raised its price target from $155 to $175, citing potential for the data center business to nearly double year over year.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1108962011","isCrawlerRequest":true}