Semtech Shares Drop on Warning Over FY26 Sales Outlook

Dow Jones

Feb 08, 2025

By Sabela Ojea

Shares of Semtech fell after the chipmaker warned about missing its sales outlook for fiscal 2026 due to rack-architecture changes.

The stock was down 24%, to $41.46, in post-market trading Friday. Through the close, shares have surged 160% over the past 12 months.

The Camarillo, Calif., company said that sales from its CopperEdge products used in active copper cables are now expected to be lower than the $50 million previously anticipated.

The company doesn't expect ramp-up over the course of fiscal 2026, it added.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

February 07, 2025 17:25 ET (22:25 GMT)

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Through the close, shares have surged 160% over the past 12 months. \n</p>\n<p>\n  The Camarillo, Calif., company said that sales from its CopperEdge products used in active copper cables are now expected to be lower than the $50 million previously anticipated. \n</p>\n<p>\n  The company doesn't expect ramp-up over the course of fiscal 2026, it added. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 07, 2025 17:25 ET (22:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509777959","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509777959","pubTimestamp":1738967100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Semtech fell after the chipmaker warned about missing its sales outlook for fiscal 2026 due to rack-architecture changes.The stock was down 24%, to $41.46, in post-market trading Friday. 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Through the close, shares have surged 160% over the past 12 months. \n\n\n  The Camarillo, Calif., company said that sales from its CopperEdge products used in active copper cables are now expected to be lower than the $50 million previously anticipated. \n\n\n  The company doesn't expect ramp-up over the course of fiscal 2026, it added. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 07, 2025 17:25 ET (22:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}