Semtech Raises Q3 Outlook, Targets $3.2B in AI Data Center Growth by FY2030

October 16, 2026

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Semtech has increased its Q3 outlook and set a goal of reaching $3.2 billion in revenue by FY2030, driven by growth in AI data centers. This move highlights the company's focus on expanding its AI connectivity portfolio and enhancing its manufacturing capabilities. Investors and industry stakeholders should monitor how this growth trajectory impacts the data center market.

Read full story at Google Alert - BESS Storage

data centers

ai infrastructure

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