Benzinga | Dec 1, 2021 04:23PM EST

Semtech Sees Q4 2021 EPS $0.65-$0.73 Vs $0.66 Est

Non-GAAP Fourth 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 63.5% to 64.5%

* Non-GAAP SG&A expense is expected to be in the range of $34.0 million to $35.0 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 $0.65 to $0.73