Semtech Corporation reported earnings results for the third quarter and nine months ended October 30, 2022. For the third quarter, the company reported sales was USD 177.62 million compared to USD 194.93 million a year ago. Net income was USD 22.75 million compared to USD 34.43 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.53 a year ago.
For the nine months, sales was USD 589.02 million compared to USD 550.31 million a year ago. Net income was USD 112.39 million compared to USD 90.86 million a year ago. Basic earnings per share from continuing operations was USD 1.76 compared to USD 1.4 a year ago. Diluted earnings per share from continuing operations was USD 1.76 compared to USD 1.38 a year ago.