Semtech’s 1st-Quarter Profit Plummets 64%
- Share via
Semtech Corp., a Newbury Park maker of electronic components, posted a 64% drop in net income for its fiscal first quarter ended May 3, earning $152,000 compared with $425,000 a year ago.
Semtech said revenue for the quarter plummeted 34%, to $5 million from $7.7 million a year ago. The company attributed the decline in revenue and profit to reduced orders during its two previous fiscal quarters, especially of commodity military product lines.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
