What to Expect From Semtech Corporation’s Upcoming Q3?
<p><a href='https://financialmodelingprep.com/financial-summary/SMTC'>Semtech Corporation (NASDAQ:SMTC) </a>will report its Q3 earnings on Dec 1. Analysts at Oppenheimer provided their outlook on the company ahead of the results, noting that they see upside to consensus Q3 sales/EPS of $193 million/$0.72 and Q4 $187 million/$0.65. </p>
<p>Demand continues to outpace a tight supply environment. Q2 bookings were up 75% year-over-year. Internal inventory increased to 129 in efforts to accommodate near-term demand. According to the analysts, this positions the company to capture content/share in DC/cloud, 5G RAN, 10G PON, while supporting LoRa growth. LoRa, up around 20% last year and tracking up 50% in 2021, continues to gain momentum with wins at Amazon Sidewalk and AWS IoT Core. MSFT recently joined the LoRa Alliance paving the way for future wins, according to the analysts. </p>

NASDAQ:SMTC