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In the third quarter of 2022 earnings season net profit per share dropped by -32.08 % to $0.36 per share due to Revenue decrease of -8.882 % to $
177.62 millions, year on year.
In the preceding quarter SMTC realized Revenue of $209.25 millions and bottom line of $0.81 per share.
Net income of $22.743 millions in the third quarter of 2022 earnings season fell by -33.93 % from $34.425 millions in the corresponding period a year before. Profitability was contradictory in the third quarter of 2022 earnings season, while Semtech Corp's operating margin with $37.369 millions in operating income increased to 21.04%, net margin on the other hand recoiled to 12.8%.
Operating earnings, fell -0.15% to $37.369 millions, squeezing Semtech Corp's operating margin to %.
Semtech Corp is expected to report next financial results on March 15, 2023.
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