Semtech Corporation reported earnings results for the first quarter ended April 28, 2024. For the first quarter, the company reported sales was USD 206.11 million compared to USD 236.54 million a year ago. Net loss was USD 23.16 million compared to USD 29.42 million a year ago.

Basic loss per share from continuing operations was USD 0.36 compared to USD 0.46 a year ago. Diluted loss per share from continuing operations was USD 0.36 compared to USD 0.46 a year ago.