Press release
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Semtech Outlines Data Center Growth Strategy at Analyst Day Oct 15, 2026 8:00 AM AI data centers are expected to be a substantial multi-year growth opportunity for Semtech, with potential to capture >10x the content inoptical modulesHigh-performance analog portfolio addresses critical connectivity challenges as power becomes a major constraint to scaling AIinfrastructureExpanding portfolio across copper and fiber connectivity strengthens Semtech’s position as next-generation architectures accelerateManagement to provide a financial update and multi-year financial framework during the event underscoring near- and long-term growthopportunity SAN JOSE, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductors powering AI data center networking and intelligent, connected Internet ofThings (“IoT”) devices worldwide, will host an Analyst Day today, during which management will detail thecompany’s strategy to capture a growing opportunity in AI data center connectivity and provide a financialupdate, including the company’s multi-year outlook. “AI is driving demand to move more data, faster, with less power,” said Dr. Hong Hou, president and chiefexecutive officer of Semtech. “As AI infrastructure scales, each connection carries more bandwidth within atighter power budget, which we believe increases the value Semtech can deliver in every link. Our leadershipin high-performance analog, expanding copper and fiber portfolios, and close partnerships with hyperscalersand ecosystem leaders position us to capture this growth.” Data Center Growth Strategy At today’s Analyst Day, Semtech will outline three strategic priorities designed to expand its role in AIinfrastructure and drive sustained data center growth: Enabling higher-performance AI infrastructure with greater power efficiency. As AI clusters scale and networking speeds increase, Semtech’shigh-performance analog technologies will help customers move more data while managing signal integrity, and power consumption–constraints that become more significant with each new generation of AI infrastructure.Capturing more content across evolving AI connectivity architectures. By building capabilities across both copper and optical interconnectsand increasing its content across the signal chain, we believe Semtech can address a broader set of customer requirements while increasingits share in next-generation data center systems.Deepening strategic engagement with leading AI infrastructure customers. Semtech is engaging with hyperscalers and module manufacturersto align its roadmap with customer architectures, solve increasingly complex connectivity challenges and create opportunities to win morecontent over successive technology generations. Semtech Data Center Analyst Day Semtech’s Analyst Day begins today at 9:00 a.m. Pacific Time in San Jose. The event will feature: A keynote from CEO Dr. Hou outlining Semtech’s strategy and long-term growth opportunities“The AI Connectivity Imperative,” a panel featuring leading AI industry participantsA data center technology deep dive, including interactive product demonstration stationsA financial update outlining the company’s multi-year financial frameworkAn interactive Q&A session with members of Semtech’s management team A live webcast of the event will start at 9:00 a.m. Pacific Time and will be available at investors.semtech.com. About Semtech Semtech Corporation (Nasdaq: SMTC) is a leading provider of high-performance semiconductors poweringAI data center networking, IoT connectivity and intelligent connected devices worldwide. Our global teamsare committed to empowering solution architects and application developers to develop breakthroughproducts for the infrastructure, industrial and consumer markets. To learn more about Semtech technology,visit us at Semtech.com or follow us on LinkedIn or X. Semtech and the Semtech logo are registered trademarks or service marks of Semtech Corporation or itssubsidiaries. All other trademarks, service marks and trade names mentioned in this press release are theproperty of their respective owners. Forward-Looking Statements
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This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions ofthe Private Securities Litigation Reform Act of 1995, as amended, based on the Company's currentexpectations, estimates and projections about its operations, industry, financial condition, performance,results of operations, and liquidity. Forward-looking statements are statements other than historical informationor statements of current condition and relate to matters such as future financial performance including thethird quarter of fiscal year 2027 outlook and a financial framework for fiscal year 2030; future operationalperformance; the anticipated impact of specific items on future earnings; the Company's expectationsregarding near term growth trends and market position; and the Company's plans, objectives andexpectations. Statements containing words such as “may,” “believes,” “see,” “anticipates,” “expects,”“intends,” “positions,” “plans,” “projects,” “targets,” “objectives,” “estimates,” “develops,” “should,” “could,”“will,” “designed to,” “projections,” or “outlook,” or other similar expressions constitute forward-lookingstatements. Forward-looking statements involve known and unknown risks and uncertainties that could cause actualresults and events to differ materially from those projected. Potential factors that could cause actual results todiffer materially from those in the forward-looking statements include, but are not limited to: the volatility of ourfinancial results or impact of the cyclical nature of our industry, including due to a growing concentration ofdemand in artificial intelligence-related semiconductors, during industry downturns or due to periodiceconomic uncertainty; the historical rapid decrease of the average selling prices of certain products;disruptions in U.S. or foreign government operations, funding or incentives; changes in export restrictions andlaws affecting the Company's trade and investments, including tariffs or retaliatory tariffs; interruption or lossof supplies or services from the limited number of suppliers and subcontractors we rely upon; our suppliers’manufacturing capacity constraints or other supply chain disruptions; failure to successfully develop and sellnew products, meet new industry standards or requirements or anticipate changes in projected or end marketusers; failure to adequately protect our intellectual property rights; failure to make the substantial investmentsin research and development that are required to remain competitive in our business or to properly anticipatecompetitive changes in the marketplace; the likelihood of our products being found defective or risk of liabilityclaims asserted against us; business interruptions, such as natural disasters, acts of violence and theoutbreak of contagious diseases; adverse changes to general economic conditions in China; the loss of anyone of our small number of customers or failure to collect a receivable from them; competition from new orestablished IoT, cloud services and wireless service companies or from those with greater resources; thedifficulties associated with integrating ours and Sierra Wireless, Inc.’s businesses and operations successfullyas well as difficulties executing other acquisitions or divestitures, including the pending divestiture of ourcellular module business and attendant risks; discovery of additional material weaknesses in our internalcontrol over financial reporting in the future or otherwise failing to achieve and maintain effective disclosurecontrols, procedures and internal control over financial reporting; changes in our effective tax rates, theadoption of new U.S. or foreign tax legislation or exposure to additional tax liabilities, or material differencesbetween our forecasted annual effective tax rates and actual tax rates; the Company’s ability to comply with,or pursue business strategies due to, our level of indebtedness or the covenants under the agreementsgoverning our indebtedness; and adverse developments affecting the financial services industry. Additionally,forward-looking statements should be considered in conjunction with the cautionary statements contained inthe risk factors disclosed in the Company’s filings with the Securities and Exchange Commission (the “SEC”),including the Company's Annual Report on Form 10-K for the fiscal year ended January 25, 2026, filed withthe SEC on March 23, 2026 as such risk factors may be amended, supplemented or superseded from time totime by other reports the Company files with the SEC. In light of the significant risks and uncertainties inherentin the forward-looking information included herein that may cause actual performance and results to differmaterially from those predicted, any such forward-looking information should not be regarded asrepresentations or guarantees by the Company of future performance or results, or that its objectives or planswill be achieved or that any of its operating expectations or financial forecasts will be realized. Reportedresults should not be considered an indication of future performance. Investors are cautioned not to placeundue reliance on any forward-looking information contained herein, which reflect management’s analysis onlyas of the date hereof. These forward-looking statements speak only as of the date hereof. Except as requiredby law, the Company assumes no obligation to publicly release the results of any update or revision to anyforward-looking statement that may be made to reflect new information, events or circumstances after thedate hereof or to reflect the occurrence of unanticipated or future events, or otherwise. Disclosure regarding Financial Framework The financial framework consists of targets and goals, not guidance or forecasts, and is not a guarantee offuture performance. It is forward-looking, is based on management’s current assumptions and expectationsas of October 15, 2026, and is subject to significant risks and uncertainties, as discussed in Forward-Looking
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Statements above, in particular with respect to the growth of the data center market and the Company’s abilityto capture it. Actual results may differ materially. SMTC-F View source version on businesswire.com: https://www.businesswire.com/news/home/20261014462619/en/ Investor ContactMitch Haws, webir@semtech.com Media ContactMichelle Lozada, pr@semtech.com Source: Semtech Corporation