Semtech (SMTC) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.71
- Estimate
- $0.61
- Surprise
- +15.6%
- Score today
- 5.8/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Semtech (SMTC) beat the $0.61 estimate with adjusted EPS of $0.71 — a large 15.6% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates SMTC Sell at 5.8/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +15.6% surprise compares with a +9.5% four-quarter average. Next scheduled report: 2026-11-23.
What argues against it
- Heavy insider selling (2.4 < 2.5)
- Reward/Risk 0.8:1 at current price — below 1.5:1 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $167.53
- Price target
- $187.80
- Stop
- $155.80
- Upside to target
- +12.1%
- Reward-to-risk
- 0.8:1
The stock trades at 114.4× trailing but 29.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
SMTC at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Semiconductors
- Market cap
- $15.80B
- P/E (fwd)
- 29.0
- P/E (ttm)
- 114.4
- 52-week range
- $57.50–$190.64
- Off 52-week high
- 12.1%
- RSI (14)
- 64
- Volume vs avg
- 0.22×
- Score today
- 5.8/10