1.0 Quarterly Performance Snapshot 1.1 Executive Financial Summary Semtech 's third quarter of fiscal year 2026 was characterized by record revenue and significant year-over-year growth in profitability, reflecting strong strategic execution in its core markets. The company's performance was underpinned by accelerating momentum in its Data Center and LoRa® portfolios, coupled with disciplined operational management that drove margin expansion and robust cash flow generation. Q3 FY2026 Key Financial Metrics | Metric | Q3 FY26 | Q2 FY26 | Q3 FY25 | | :--- | :---: | :---: | :---: | | Net Sales ($M) | $267.0 | $257.6 | 236.8 | | GAAP Gross Margin (%) | 51.9% | 52.1% | 51.1% | | Non-GAAP Adjusted Gross Margin (%) | 53.0% | 53.2% | 52.4% | | GAAP Operating Margin (%) | 11.6% | (6.3)% | 7.5% | | Non-GAAP Adjusted Operating Margin (%) | 20.6% | 18.8% | 18.3% | | GAAP Diluted Loss Per Share () | $(0.03) | $(0.31) | (0.10) | | Non-GAAP Adjusted Diluted EPS () | $0.48 | $0.41 | 0.26 |...