Semiconductor company Semtech (NASDAQ:SMTC) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 30.1% year on year to $251 million. On the other hand, next quarter’s revenue guidance of $250 million was less impressive,

Key Takeaways Semtech posted strong earnings, net sales, and operating cash flow in the fourth quarter, sending shares higher.The chipmaker reported positive GAAP profit after registering a loss a year earlier.