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CAMARILLO, Calif. - Semtech Corporation (NASDAQ:SMTC), which has seen its stock surge over 135% in the past six months and maintains a strong market capitalization of $6.1 billion, and Skylo Technologies have expanded their partnership to deliver what they describe as the industry’s first complete device-to-cloud terrestrial and satellite IoT solution from a single provider, according to a press release issued Thursday. InvestingPro data shows the company’s impressive 22% revenue growth in the last twelve months.
The new offering combines Skylo-certified HL7810 and HL7812 Low Power Wide Area (LPWA) modules with Semtech’s Smart Connectivity Premium SIM, which provides access to both terrestrial and satellite networks. The integrated solution automatically switches between networks to maintain continuous connectivity.
The partnership aims to address connectivity challenges in global IoT deployments where devices lose connection when moving beyond cellular tower range. Traditional satellite solutions typically require multiple vendor relationships, separate device certifications, and different management platforms.
"By combining terrestrial and non-terrestrial networks in a single solution, we’re solving real challenges across industries from logistics and transportation to maritime, energy, and agriculture," said Rupa Datta, vice president of IoT Connected Services at Semtech.
The Smart Connectivity Premium SIM offers access to over 600 4G LTE and 5G partner networks across more than 190 countries, plus Skylo’s satellite Non-Terrestrial Network (NTN). Skylo’s network spans 36 countries across 60 million square kilometers.
Tarun Gupta, chief product officer and co-founder at Skylo, stated, "By integrating Skylo’s satellite network directly into Semtech’s Smart Connectivity platform, we’re making NTN IoT as simple as ordering a traditional cellular solution."
The solution is currently available for testing with qualifying customers, with general availability planned for November 2025. While Semtech trades at a premium valuation with a P/E ratio of 244, detailed analysis of the company’s growth prospects and financial health is available through InvestingPro’s comprehensive research reports, which cover over 1,400 US stocks with expert insights and actionable intelligence.
In other recent news, Semtech Corporation announced the pricing of a $350 million offering in 0% convertible senior notes due in 2030. The semiconductor company expects to generate approximately $340.2 million in net proceeds from this private placement, with the sale expected to close around October 10, 2025. Additionally, initial purchasers have the option to buy an additional $52.5 million in notes by October 15, 2025. In a separate development, Stifel raised its price target for Semtech to $80, maintaining a Buy rating, citing the company’s improved business profile and potential for operating leverage. Oppenheimer also upgraded Semtech stock to Outperform, setting a price target of $81, following discussions about strategic growth opportunities in AI applications. Meanwhile, Benchmark increased its price target to $76, maintaining a Buy rating, after a fireside chat with Semtech executives. These developments reflect a positive outlook from analysts on Semtech’s strategic initiatives and growth potential.
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