AI data centers are expected to be a substantial multi-year growth opportunity for Semtech, with potential to capture >10x the content in optical modules
High-performance analog portfolio addresses critical connectivity challenges as power becomes a major constraint to scaling AI infrastructure
Expanding portfolio across copper and fiber connectivity strengthens Semtech’s position as next-generation architectures accelerate
Management to provide a financial update and multi-year financial framework during the event underscoring near- and long-term growth opportunity

Semtech Corporation (NASDAQ:SMTC), a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected Internet of Things ("IoT") devices worldwide, will host an Analyst Day today, during which management will detail the company’s strategy to capture a growing opportunity in AI data center connectivity and provide a financial update, including the company’s multi-year outlook.

"AI is driving demand to move more data, faster, with less power," said Dr. Hong Hou, president and chief executive officer of Semtech. "As AI infrastructure scales, each connection carries more bandwidth within a tighter power budget, which we believe increases the value Semtech can deliver in every link. Our leadership in high-performance analog, expanding copper and fiber portfolios, and close partnerships with hyperscalers and ecosystem leaders position us to capture this growth."

Data Center Growth Strategy

At today’s Analyst Day, Semtech will outline three strategic priorities designed to expand its role in AI infrastructure and drive sustained data center growth:

Enabling higher-performance AI infrastructure with greater power efficiency. As AI clusters scale and networking speeds increase, Semtech’s high-performance analog technologies will help customers move more data while managing signal integrity, and power consumption– constraints that become more significant with each new generation of AI infrastructure.
Capturing more content across evolving AI connectivity architectures. By building capabilities across both copper and optical interconnects and increasing its content across the signal chain, we believe Semtech can address a broader set of customer requirements while increasing its share in next-generation data center systems.
Deepening strategic engagement with leading AI infrastructure customers. Semtech is engaging with hyperscalers and module manufacturers to align its roadmap with customer architectures, solve increasingly complex connectivity challenges and create opportunities to win more content over successive technology generations.

Semtech Data Center Analyst Day

Semtech’s Analyst Day begins today at 9:00 a.m. Pacific Time in San Jose. The event will feature:

A keynote from CEO Dr. Hou outlining Semtech’s strategy and long-term growth opportunities
"The AI Connectivity Imperative," a panel featuring leading AI industry participants
A data center technology deep dive, including interactive product demonstration stations
A financial update outlining the company’s multi-year financial framework
An interactive Q&A session with members of Semtech’s management team

A live webcast of the event will start at 9:00 a.m. Pacific Time and will be available at investors.semtech.com.

About Semtech

Semtech Corporation (NASDAQ:SMTC) is a leading provider of high-performance semiconductors powering AI data center networking, IoT connectivity and intelligent connected devices worldwide. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X.

Semtech and the Semtech logo are registered trademarks or service marks of Semtech Corporation or its subsidiaries. All other trademarks, service marks and trade names mentioned in this press release are the property of their respective owners.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended, based on the Company's current expectations, estimates and projections about its operations, industry, financial condition, performance, results of operations, and liquidity. Forward-looking statements are statements other than historical information or statements of current condition and relate to matters such as future financial performance including the third quarter of fiscal year 2027 outlook and a financial framework for fiscal year 2030; future operational performance; the anticipated impact of specific items on future earnings; the Company's expectations regarding near term growth trends and market position; and the Company's plans, objectives and expectations. Statements containing words such as "may," "believes," "see," "anticipates," "expects," "intends," "positions," "plans," "projects," "targets," "objectives," "estimates," "develops," "should," "could," "will," "designed to," "projections," or "outlook," or other similar expressions constitute forward-looking statements.

Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results and events to differ materially from those projected. Potential factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: the volatility of our financial results or impact of the cyclical nature of our industry, including due to a growing concentration of demand in artificial intelligence-related semiconductors, during industry downturns or due to periodic economic uncertainty; the historical rapid decrease of the average selling prices of certain products; disruptions in U.S. or foreign government operations, funding or incentives; changes in export restrictions and laws affecting the Company's trade and investments, including tariffs or retaliatory tariffs; interruption or loss of supplies or services from the limited number of suppliers and subcontractors we rely upon; our suppliers’ manufacturing capacity constraints or other supply chain disruptions; failure to successfully develop and sell new products, meet new industry standards or requirements or anticipate changes in projected or end market users; failure to adequately protect our intellectual property rights; failure to make the substantial investments in research and development that are required to remain competitive in our business or to properly anticipate competitive changes in the marketplace; the likelihood of our products being found defective or risk of liability claims asserted against us; business interruptions, such as natural disasters, acts of violence and the outbreak of contagious diseases; adverse changes to general economic conditions in China; the loss of any one of our small number of customers or failure to collect a receivable from them; competition from new or established IoT, cloud services and wireless service companies or from those with greater resources; the difficulties associated with integrating ours and Sierra Wireless, Inc.’s businesses and operations successfully as well as difficulties executing other acquisitions or divestitures, including the pending divestiture of our cellular module business and attendant risks; discovery of additional material weaknesses in our internal control over financial reporting in the future or otherwise failing to achieve and maintain effective disclosure controls, procedures and internal control over financial reporting; changes in our effective tax rates, the adoption of new U.S. or foreign tax legislation or exposure to additional tax liabilities, or material differences between our forecasted annual effective tax rates and actual tax rates; the Company’s ability to comply with, or pursue business strategies due to, our level of indebtedness or the covenants under the agreements governing our indebtedness; and adverse developments affecting the financial services industry. Additionally, forward-looking statements should be considered in conjunction with the cautionary statements contained in the risk factors disclosed in the Company’s filings with the Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 10-K for the fiscal year ended January 25, 2026, filed with the SEC on March 23, 2026 as such risk factors may be amended, supplemented or superseded from time to time by other reports the Company files with the SEC. In light of the significant risks and uncertainties inherent in the forward-looking information included herein that may cause actual performance and results to differ materially from those predicted, any such forward-looking information should not be regarded as representations or guarantees by the Company of future performance or results, or that its objectives or plans will be achieved or that any of its operating expectations or financial forecasts will be realized. Reported results should not be considered an indication of future performance. Investors are cautioned not to place undue reliance on any forward-looking information contained herein, which reflect management’s analysis only as of the date hereof. These forward-looking statements speak only as of the date hereof. Except as required by law, the Company assumes no obligation to publicly release the results of any update or revision to any forward-looking statement that may be made to reflect new information, events or circumstances after the date hereof or to reflect the occurrence of unanticipated or future events, or otherwise.

Disclosure regarding Financial Framework

The financial framework consists of targets and goals, not guidance or forecasts, and is not a guarantee of future performance. It is forward-looking, is based on management’s current assumptions and expectations as of October 15, 2026, and is subject to significant risks and uncertainties, as discussed in Forward-Looking Statements above, in particular with respect to the growth of the data center market and the Company’s ability to capture it. Actual results may differ materially.

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Investor Contact

Mitch Haws, webir@semtech.com

Media Contact

Michelle Lozada, pr@semtech.com