Semtech Corp reported earnings of -$170.3 million in Q2, an improvement from -$382.0 million in the same period last year. EPS also improved to -$2.61 from -$5.97. Excluding items, adjusted earnings were $0.11 per share. Revenue decreased to $215.4 million from $238.4 million. Analysts had projected $0.09 per share. Next quarter guidance includes an EPS range of $0.20-$0.26 and revenue guidance of $228-$238 million. These results show a positive trend for Semtech Corp in the coming quarters.

Read more at Nasdaq.: Semtech Corp Q2 Earnings Summary