先科电子 2025年季度报告

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No x Number of shares of common stock, $0.01 par value per share, outstanding at May23, 2025:86,635,593 SEMTECH CORPORATIONINDEX TO FORM 10-Q PART I - FINANCIAL INFORMATIONITEM1. Financial StatementsITEM2. Management's Discussion and Analysis of Financial Condition and Results of Operations Unless the context otherwise requires, the use of the terms "Semtech," the "Company," "we," "us" and "our" in this Quarterly Report on Form10-Q refers to Semtech Corporation and, as applicable, its consolidated subsidiaries. This Quarterly Report on Form 10-Q may containreferences to the Company's trademarks and to trademarks belonging to other entities. Solely for convenience, trademarks and trade names referred to in this Quarterly Report on Form 10-Q, including logos, artwork and other visual displays, may appear without the ® orsymbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, ourrights or the rights of the applicable licensor to these trademarks and trade names. We do not intend our use or display of other companies'TM Special Note Regarding Forward-Looking and Cautionary Statements This Quarterly Report on Form 10-Q contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the PrivateSecurities Litigation Reform Act of 1995, as amended, based on our current expectations, estimates and projections about our operations,industry, financial condition, performance, results of operations, and liquidity. Forward-looking statements are statements other than historical information or statements of current condition and relate to matters such as future financial performance, future operationalperformance, the anticipated impact of specific items on future earnings, and our plans, objectives and expectations. Statements containing looking statements involve known and unknown risks and uncertainties that could cause actual results and events to differ materially fromthose projected. Potential factors that could cause actual results to differ materially from those in the forward-looking statements include, butare not limited to: the volatility of the Company’s financial results or impact of the cyclical nature of the industry, including during industrydownturns or due to periodic economic 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 and laws affecting the Company’strade and investments, including tariffs or retaliatory tariffs; interruption or loss of supplies or services from the limited number of suppliersand subcontractors the Company relies upon; suppliers’ manufacturing capacity constraints or other supply chain disruptions; failure tosuccessfully develop and sell new products, meet new industry standards or requirements or anticipate changes in projected or end marketusers; failure to adequately protect intellectual property rights; failure to make the substantial investments in research and development thatare required to remain competitive in the Company’s business or to properly anticipate competitive changes in the marketplace; the likelihoodof products being found defective or risk of liability claims asserted against the Company; business interruptions, such as natural disasters,acts of violence and the outbreak of contagious diseases; adverse changes to general economic conditions in China; the loss of any one of theCompany’s small number of customers or failure to collect a receivable from them; competition from new or established internet of things("IoT"), cloud services and wireless service companies or from those with greater resources; the difficulties associated with integrating theCompany’s and Sierra Wireless, Inc.’s businesses and operations successfully as well as difficulties executing other acquisitions ordivestitures; discovery of additional material weaknesses in the Company’s internal control over financial reporting in the future or otherwisefailing to achieve and maintain effective disclosure controls, procedures and internal control over financial reporting; changes in theCompany’s effective tax rates, the adoption of new U.S. or foreign tax legislation or exposure to additional tax liabilities, or material SEMTECH CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS SEMTECH CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(in thousands, except share and per share data) SEMTECH CORPORATION AND SUBSIDIARIESCONSOL