Semtech (SMTC) disclosed late Friday that for fiscal year 2026, net sales from its CopperEdge products used in active copper cables are expected to be lower than the company’s previously disclosed “floor case” estimate of $50M due to rack architecture changes, with no expected ramp-up over the course of fiscal year 2026. Semtech added, “The company’s revised estimates are based on recent feedback from a server rack customer and correlated to discussions with end users of the server rack platform. For fiscal year 2026, net sales from its CopperEdge portfolio are expected to include multiple customers, end users and applications. Based on continued collaboration on future generation server rack designs, its CopperEdge portfolio is expected to be included in these designs.”
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