Semtech Posts Mixed Q3 Results, Joins Zhihu, Nvidia And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session - Advanced Micro Devices (NASDAQ:AMD), Coherent (NYSE:COHR)

U.S. stock futures were lower this morning, with the Dow futures falling around 0.1% on Tuesday.

Shares of Semtech Corp (NASDAQ: SMTC ) fell sharply in pre-market trading as the company reported mixed financial results for the third quarter of fiscal 2026.

Semtech reported third-quarter revenue of $267 million, missing analyst estimates of $268.83 million. The company reported third-quarter adjusted earnings of 48 cents per share, beating estimates of 45 cents per share, according to Benzinga Pro.

Semtech shares dipped 7.2% to $65.00 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

Arcus Biosciences Inc (NYSE: RCUS ) fell 6.7% to $21.63 in pre-market trading after gaining 5% on Monday. Nanobiotix SA – ADR (NASDAQ: NBTX ) fell 6.2% to $20.64 in pre-market trading after the company issued third quarter 2025 operational and financial update along with 2026 clinical outlook. Zhihu Inc – ADR (NYSE: ZH ) fell 5.2% to $3.81 in pre-market trading following third-quarter results. Coursera Inc (NYSE: COUR ) declined 5% to $7.44 in pre-market trading. Jefferson Capital Inc (NASDAQ: JCAP ) fell 4.7% to $20.40 in pre-market trading. NVIDIA Corp (NASDAQ: NVDA ) declined 4.2% to $175.00 in pre-market trading after adding 2% on Monday. Coherent Corp (NYSE: COHR ) fell 4.2% to $145.50 in pre-market trading. Advanced Micro Devices Inc (NASDAQ: AMD ) slipped 3.8% to $206.97 in pre-market trading after gaining more than 5% on Monday.

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Photo via Shutterstock

Loading... Loading... AMD Advanced Micro Devices Inc $206.42 -4.01% Overview COHR Coherent Corp $146.70 -3.37% COUR Coursera Inc $7.83 -% JCAP Jefferson Capital Inc $20.40 -3.64% NBTX Nanobiotix SA $21.04 -4.36% NVDA NVIDIA Corp $175.83 -3.68% RCUS Arcus Biosciences Inc $23.21 0.13% SMTC Semtech Corp $66.71 -4.71% ZH Zhihu Inc $3.88 -3.48% Market News and Data brought to you by Benzinga APIs

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