Summary by Moomoo AI
Semtech Corporation reported fiscal year 2025 revenue of $909.3 million, up 5% year-over-year, driven by strong performance in infrastructure and high-end consumer markets. Infrastructure sales increased 49% to $243.8 million while high-end consumer revenue grew 17% to $147.0 million. However, industrial market sales declined 11% to $518.5 million due to softer IoT Hardware demand.The company recorded a net loss of $161.9 million, primarily due to a $144.7 million loss on debt extinguishment and $7.5 million goodwill impairment charge. Gross margin improved significantly to 50.2% from 34.1% in the prior year, benefiting from higher sales volume and reduced overhead costs. Operating expenses decreased 67% to $406.6 million as the company maintained cost discipline.During Q4, Semtech strengthened its balance sheet by raising $661 million through a secondary public offering and exchanging $188.1 million of convertible notes for equity. The company ended the year with $151.7 million in cash and reduced its term loan balance to $181.2 million. Management successfully remediated previously disclosed material weaknesses in internal controls through enhanced risk assessment processes and system migrations.
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