05:03 PM EST, 11/25/2024 (MT Newswires) -- Semtech ( SMTC ) reported fiscal Q3 non-GAAP earnings late Monday of $0.26 per diluted share, up from $0.02 a year earlier.

Analysts polled by FactSet expected $0.23.

Net sales for the quarter ended Oct. 27 was $236.8 million, up from $200.9 million a year earlier.

Analysts surveyed by FactSet expected $232.9 million.

The company said it expects fiscal Q4 non-GAAP EPS of $0.32 per diluted share, plus or minus $0.03. Analysts surveyed by FactSet expect $0.27.

Semtech ( SMTC ) expects net sales for the quarter of $250 million, plus or minus $5 million. Analysts polled by FactSet expect $242 million.

Shares of Semtech ( SMTC ) were up more than 13% in recent after-hours activity.

Price: 60.51, Change: +7.07, Percent Change: +13.23