Semtech Announces Second Quarter 2011 Results (SMTC)

Semtech Corp.

, a leading supplier of analog and mixed-signal semiconductors, reported un-audited financial results for its second quarter of fiscal year 2011 that ended August 1, 2010. Net revenue for the second quarter of fiscal year 2011 was $113.2 million, up 70.7% percent from the second quarter of fiscal year 2010 and up 11.1% percent from the first quarter of fiscal year 2011. Net income for the second quarter of fiscal year 2011, computed in accordance with U.S. generally accepted accounting principles (GAAP), was $19.7 million or 31 cents per diluted share. GAAP net income was $7.4 million or 12 cents per diluted share in the second quarter of fiscal year 2010 and $10.8 million or 17 cents per share in the first quarter of fiscal year 2011. GAAP gross profit margin for the second quarter of fiscal year 2011 was 59.6 percent compared to 54.5 percent in the second quarter of fiscal year 2010 and 56.0 percent in the first quarter of fiscal year 2011.