Semtech Announces Fourth Quarter and Fiscal Year 2022 Results

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[{"type":"text","content":" CAMARILLO, Calif.--(BUSINESS WIRE)--\nSemtech Corporation (Nasdaq: SMTC), a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, today reported unaudited financial results for its fourth quarter and fiscal year 2022, which ended January 30, 2022.\n\nHighlights for the Fourth Quarter of Fiscal Year 2022\n\n\nNet sales of $190.6 million, GAAP diluted EPS of $0.53 and non-GAAP diluted EPS of $0.70\n\n\nRecord GAAP and non-GAAP gross margins grew 310bps and 300bps, respectively, year-over-year\n\n\nOperating cash flow of $51.0 million or 26.8% of net sales\n\n\nRecord LoRa-enabled net sales of $41.7 million\n\n\nRecord distributor sell-through\n\n\nHighlights for Fiscal Year 2022\n\n\nRecord net sales of $740.9 million, record GAAP diluted EPS of $1.92 and record non-GAAP diluted EPS of $2.61\n\n\nRecord GAAP and non-GAAP gross margins each grew 180bps year-over-year\n\n\nRecord operating cash flow of $203.1 million or 27.4% of net sales\n\n\nRecord Wireless and Sensing products group net sales up 38.7% driven by $134.1 million of LoRa-enabled net sales, which grew 52.6%\n\n\nRecord Signal Integrity products group net sales up 13.9% driven by 10G PON\n\n\nProtection products group net sales grew 25.7% driven by record Industrial and Automotive products\n\n\nRepurchased 1.8 million shares for $129.7 million\n\n\nResults on a GAAP basis for the Fourth Quarter and Fiscal Year 2022\n\n($ in millions, except for diluted earnings per share data)\n\n\n\n \n\n\n\n\n \n\n\n\nQ4 FY2022\n\n\n\n \n\n\n\n \n\n\n\nFY2022\n\n\n\n\n\nNet Sales\n\n\n\n\n \n\n\n\n$\n\n\n\n190.6\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n740.9\n\n\n\n \n\n\n\n\n\nGAAP Gross Margin\n\n\n\n\n \n\n\n\n \n\n\n\n64.1\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n62.9\n\n\n\n%\n\n\n\n\n\nGAAP SG&A Expense\n\n\n\n\n \n\n\n\n$\n\n\n\n39.8\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n168.2\n\n\n\n \n\n\n\n\n\nGAAP R&D Expense\n\n\n\n\n \n\n\n\n$\n\n\n\n38.3\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n147.9\n\n\n\n \n\n\n\n\n\nGAAP Operating Expense\n\n\n\n\n \n\n\n\n$\n\n\n\n79.1\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n321.1\n\n\n\n \n\n\n\n\n\nGAAP Operating Margin\n\n\n\n\n \n\n\n\n \n\n\n\n22.5\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n19.6\n\n\n\n%\n\n\n\n\n\nGAAP Net Income Attributable To Common Stockholders\n\n\n\n\n...

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