Camarillo-based Semtech produced record revenue and earnings in the second quarter of 2022, but its shares plummeted 27% the day after its earnings release after the company's guidances for the third quarter were well below analysts' expectations. Semtech, a semiconductor company specializing in Internet of Things applications, saw its net income increase in the second quarter of 2022, to $51.6 million, or 81 cents per share, from $33.2 million, or 50 cents per share, in the same quarter a year ago, according to earnings released Aug.

https://www.pacbiztimes.com/2022/09/01/semtech-shares-hit-two-year-low-after-company-lowers-q3-guidance/

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