From Nasdaq: 2025-02-07 20:43:16

Shares of Semtech Corp. (SMTC) dropped over 26% in after-hours trading after announcing lower-than-expected net sales for fiscal year 2026 from its CopperEdge products used in active copper cables. SMTC closed regular trading at $54.51, down 9.90%, and further fell 26.89% in after-hours trading. The company revised its estimates based on feedback from a server rack customer, anticipating no ramp-up over the fiscal year due to rack architecture changes. Net sales for 2026 are expected to include multiple customers, end users, and applications.



Read more at Nasdaq: Semtech Shares Drop Over 26% After-Hours On Lower FY26 Sales Forecast