Semtech Reports Record Fiscal 2026 Results

Got story updates? Submit your updates here. ›

Semtech (NASDAQ:SMTC) executives highlighted record fiscal 2026 results, accelerating data center momentum, and an expanded optical portfolio following the company's acquisition of HieFo Corporation during the company's fourth-quarter and fiscal-year 2026 earnings call.

Why it matters

Semtech's strong financial performance and strategic moves in the data center and optical transceiver markets demonstrate the company's ability to capitalize on key technology trends and position itself for continued growth.

The details

Semtech reported record net sales of $1.05 billion for fiscal 2026, driven by continued strength in its data center and LoRa portfolios. The company's acquisition of HieFo Corporation, a maker of Indium Phosphide optoelectronic devices, is expected to increase Semtech's content opportunity in 800G and 3.2T optical modules. Semtech also highlighted accelerating momentum in its active copper cable and linear pluggable optics solutions for data centers, as well as continued growth in its LoRa-enabled IoT business.

• Semtech finished fiscal 2026 with record net sales of $1.05 billion.
• Semtech's fourth-quarter net sales were $274.4 million, up 3% sequentially and 9% year-over-year.
• Semtech announced the acquisition of HieFo Corporation during the earnings call.

What they’re saying

What’s next

Semtech expects to start shipping its CopperEdge linear equalizers for a 1.6T active copper cable hyperscaler deployment this quarter, with demand accelerating throughout the year. The company also expects a significant ramp in 1.6T FiberEdge design wins in the second half of the fiscal year.