Semiconductor company Semtech (NASDAQ: SMTC) will be announcing earnings results this Monday after market hours. Here’s what to look for.

Semtech met analysts’ revenue expectations last quarter, reporting revenues of $267 million, up 12.8% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

Is Semtech a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Semtech’s revenue to grow 8.9% year on year, slowing from the 30.1% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Semtech has a history of exceeding Wall Street’s expectations.

Looking at Semtech’s peers in the semiconductor manufacturing segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Teradyne delivered year-on-year revenue growth of 43.9%, beating analysts’ expectations by 11%, and IPG Photonics reported revenues up 17.1%, topping estimates by 10%. Teradyne traded up 13.4% following the results while IPG Photonics was also up 38.8%.

Read our full analysis of Teradyne’s results here and IPG Photonics’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the semiconductor manufacturing stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.4% on average over the last month. Semtech is down 2.8% during the same time and is heading into earnings with an average analyst price target of $92.62 (compared to the current share price of $84.70).

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