Why Semtech Stock Raced 15% Higher Today

Shattering a quarterly record for net sales, specialty chipmaker Semtech (NASDAQ: SMTC) made a splash on the stock market Tuesday with its latest earnings report. Investors flocked to the company that day, leaving it with a more than 15% gain on its share price at closing. By comparison, the S&P 500 index only eked out an increase, with a 0.4% rise that trading session. That all-time high was $257.6 million, which bested Semtech's take in the year-ago quarter by a robust 20%. The company's second quarter of 2026 also saw a dramatic improvement in non-GAAP (adjusted) net income; this line item ballooned to $36.7 million ($0.41 per share) from the $8.1 million it netted in the same period of fiscal 2025. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool