Semtech Corporation reported earnings results for the third quarter and nine months ended October 29, 2023. For the third quarter, the company reported sales was USD 200.9 million compared to USD 177.62 million a year ago. Net loss was USD 38.25 million compared to net income of USD 22.75 million a year ago. Basic loss per share from continuing operations was USD 0.6 compared to basic earnings per share from continuing operations of USD 0.36 a year ago. Diluted loss per share from continuing operations was USD 0.6 compared to diluted earnings per share from continuing operations of USD 0.36 a year ago.
For the nine months, sales was USD 675.81 million compared to USD 589.02 million a year ago. Net loss was USD 449.67 million compared to net income of USD 112.39 million a year ago. Basic loss per share from continuing operations was USD 7.02 compared to basic earnings per share from continuing operations of USD 1.76 a year ago. Diluted loss per share from continuing operations was USD 7.02 compared to diluted earnings per share from continuing operations of USD 1.76 a year ago.