What to Expect From Semtech Corporation’s Q4 Results?
<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/SMTC'>Semtech Corporation (NASDAQ:SMTC) </a>ahead of the company’s Q4 earnings results, which are expected to be reported on March 16.</p>
<p>The analysts expect upside to consensus Q4 revenue/EPS of $189 million/$0.69 and Q1 of $192 million/$0.70. The analysts expect 2021 LoRa sales up 50% to $130 million with a revenue funnel approaching $1 billion. Management expects 40% of the LoRa funnel will convert to sales over the next two years. The analysts believe LoRa is booked for 40% growth this year as backlog grows and supply improves. </p>
<p>Sidewalk Bridge, from lead customer Amazon, extends LoRa reach to smart city/campus networks. Cloud geolocation services are also ramping at Tencent. DC and BTS benefit in the first half of the year from accelerated hyperscaler and carrier spend. The analysts see LoRa, DC, and 5G supporting a $1 billion revenue run-rate by 2024.</p>

NASDAQ:SMTC