%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Investing.com -- Semtech reported Thursday better-than-expected fourth-quarter results as increased demand for AI and machine learning applications fueled data center sales and stronger margins. Semtech Corporation (NASDAQ:SMTC) shares gained nearly 12% in after-hours trading following the report. For three months ended Jan. 26, the semiconductor and cloud services provider reported adjusted earnings per share of $0.40 on revenue of $251M. Analysts polled by Investing.com anticipated adjusted EPS of $0.33 on revenue of $250.18M. Adjusted gross margin rose to 53.2% in Q4 from 48.9% the prior year. For Q1, the company sees adjusted EPS in a range of $0.34 to $0.40 on revenue of $245M to $255M, compared with estimates for adjusted EPS of $0.34 on revenue of $250.92M.This content was originally published on http://Investing.com