Semtech Corporation reported Q2 fiscal 2025 revenue of $215.4 million, down 9.7% from $238.4 million in Q2 fiscal 2024. The company recorded a net loss of $170.3 million, largely due to a $144.7 million loss on debt extinguishment from exchanging $188.1 million of convertible notes for common stock. Gross margin improved to 49.0% from 42.3% year-over-year.Signal Integrity segment revenue grew 29% to $59.4 million and Analog Mixed Signal and Wireless revenue increased 13% to $79.3 million, driven by stronger demand in data center, PON and LoRa-enabled products. However, IoT Systems and Connectivity revenue declined 37% to $76.6 million due to lower module and router sales amid soft demand and pricing pressures.The company maintained compliance with financial covenants and ended the quarter with $115.9 million in cash and $282.2 million available under its revolving credit facility. Operating expenses decreased 76% to $97.7 million, benefiting from lower restructuring costs and absence of prior year's goodwill impairment charges. Management expects to continue focusing on cost management while investing in growth initiatives.

Semtech Corporation reported Q2 fiscal 2025 revenue of $215.4 million, down 9.7% from $238.4 million in Q2 fiscal 2024. The company recorded a net loss of $170.3 million, largely due to a $144.7 million loss on debt extinguishment from exchanging $188.1 million of convertible notes for common stock. Gross margin improved to 49.0% from 42.3% year-over-year.Signal Integrity segment revenue grew 29% to $59.4 million and Analog Mixed Signal and Wireless revenue increased 13% to $79.3 million, driven by stronger demand in data center, PON and LoRa-enabled products. However, IoT Systems and Connectivity revenue declined 37% to $76.6 million due to lower module and router sales amid soft demand and pricing pressures.The company maintained compliance with financial covenants and ended the quarter with $115.9 million in cash and $282.2 million available under its revolving credit facility. Operating expenses decreased 76% to $97.7 million, benefiting from lower restructuring costs and absence of prior year's goodwill impairment charges. Management expects to continue focusing on cost management while investing in growth initiatives.