Benzinga | Sep 1, 2021 04:21PM EDT

Semtech Sees Q3 Adj. EPS $0.68-$0.76 vs $0.67 Est.

Non-GAAP Third Fiscal Quarter 2022 Outlook (see the list of non-GAAP financial measures and the reconciliation of these to the most comparable GAAP measures set forth in the tables below under "Reconciliation of GAAP to Non-GAAP Outlook")

* Non-GAAP Gross margin is expected to be in the range of 62.8% to 63.8%

* Non-GAAP SG&A expense is expected to be in the range of $33.5 million to $34.5 million

* Non-GAAP R&D expense is expected to be in the range of $32.5 million to $33.5 million

* Non-GAAP normalized tax rate for FY2022 is expected to be approximately 13%

* Non-GAAP Diluted earnings per share are expected to be in the range of $0.68 to $0.76