Form 8-K

8-K — SEMTECH CORP

Accession: 0001193125-26-347716

Filed: 2026-08-13

Period: 2026-08-13

CIK: 0000088941

SIC: 3674 (SEMICONDUCTORS & RELATED DEVICES)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — d123711d8k.htm (Primary)

EX-99.1 (d123711dex991.htm)

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8-K

8-K (Primary)

Filename: d123711d8k.htm · Sequence: 1

8-K

SEMTECH CORP false 0000088941 0000088941 2026-08-13 2026-08-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 13, 2026

SEMTECH CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction

of incorporation)

001-06395

95-2119684

(Commission

File Number)

(IRS Employer

Identification No.)

200 Flynn Road

Camarillo, California

93012-8790

(Address of principal executive offices)

(Zip Code)

805-498-2111

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common Stock, par value $0.01 per share

SMTC

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On August 13, 2026, Semtech Corporation (the “Company”) issued a press release announcing that it has entered into a definitive agreement to sell its cellular module business to Compal Electronics, Inc. (TWSE: 2324) for $62 million in cash, subject to customary adjustments.

A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1

Press Release dated August 13, 2026

Exhibit 104

Cover Page Interactive Data File (embedded within the inline XBRL Document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SEMTECH CORPORATION

Date: August 13, 2026

/s/ Mark Lin

Name:

Mark Lin

Title:

Chief Financial Officer

EX-99.1

Filename: d123711dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Contact: Mitch Haws, ir@semtech.com

Semtech Corporation Announces Definitive Agreement on Sale of Cellular Module Business to Compal Electronics

Camarillo, Calif., Thur. Aug. 13, 2026 – Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductors powering AI

data center networking, Internet of Things (“IoT”) and cellular connectivity and intelligent connected devices worldwide, today announced that it has entered into a definitive agreement to sell its cellular module business to Compal

Electronics, Inc. (TWSE: 2324) for $62 million in cash, subject to customary adjustments. The transaction has been approved by both Semtech’s and Compal’s Board of Directors.

Under the terms of the agreement, Compal will acquire substantially all of the assets and operations comprising Semtech’s cellular module business,

including its associated intellectual property, customer relationships, and personnel.

“This divestiture sharpens our focus on the product

portfolio where we have the strongest conviction in growth and industry leadership: data center and LoRa connectivity,” said Hong Hou, president and chief executive officer. “It reflects the broader discipline we have been applying

across the portfolio, concentrating our resources and our technology leadership where we believe we can create the most value over time.”

Transaction Details

The transaction is expected to close

during the fourth quarter of Semtech’s 2027 fiscal year, subject to the satisfaction or waiver of customary closing conditions, including but not limited to receipt of certain regulatory approvals.

Semtech Advisors

UBS Investment Bank served as financial

advisor and O’Melveny & Myers LLP served as legal counsel in connection with the transaction.

About Semtech

Semtech Corporation (Nasdaq: SMTC) is a leading provider of high-performance semiconductors powering AI data center networking, IoT connectivity and

intelligent connected devices worldwide. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about

Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X.

Semtech and the Semtech logo are registered trademarks or service marks of

Semtech Corporation or its subsidiaries. All other trademarks, service marks and trade names mentioned in this press release are the property of their respective owners.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These

statements relate to future events or to Semtech’s future financial performance, including statements regarding the anticipated benefits of the proposed transaction, the expected timing of the closing of the transaction, and Semtech’s

strategic direction following the closing, which reflect the current analysis of existing information. Statements containing words such as “believe,” “will,” “expect,” “see,” or

“positioned,” or other similar expressions constitute forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause Semtech’s actual results, performance, and

achievements to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to: the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive

agreement; the failure to satisfy the closing conditions contemplated by the definitive agreement; the failure to obtain required regulatory approvals in a timely manner or otherwise (and the risk that such approvals may result in the imposition of

conditions that could adversely affect the proposed transaction); unexpected delays in completing the transaction; the focus of management’s time and attention on the transaction and other potential disruptions arising from the transaction;

the impact of adverse changes to general economic conditions, including economic slowdowns, inflation, interest rate changes, recessions, and the impact of tariffs or retaliatory tariffs; adverse reactions from customers or stockholders; and the

other factors and risks set forth in Semtech’s filings with the U.S. Securities and Exchange Commission, including (i) the “Risk Factors” section of Semtech’s Annual Report on Form

10-K for the fiscal year ended January 25, 2026 and (ii) subsequent Quarterly Reports on Form 10-Q. The forward-looking statements and information contained

herein speak only as of the date of this release. Semtech undertakes no obligation to update any forward-looking statements or information to reflect events or circumstances after the date of this press release, except as required by applicable law.

Investor Relations Contact:

Mitch Haws

SVP, Investor Relations

Semtech Corporation

ir@semtech.com

SMTC-P

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