Semtech announced that its LoRa® technology will remain the core radio modulation for Amazon Sidewalk as the network expands into Canada and Mexico later this month. The partnership extends Amazon’s free, low‑power community network into new markets, giving Semtech a larger customer base for its LoRa chips and ecosystem services.
Amazon Sidewalk uses LoRa at 900 MHz for long‑range connectivity and Bluetooth Low Energy for short‑range links. The expansion will bring Amazon’s network to an additional 95% of the U.S. population plus Canadian and Mexican households, creating a new demand stream for Semtech’s LoRa chips. The move reinforces Semtech’s leadership in the low‑power wide‑area network space and positions the company to capture a growing share of the projected $44.8 billion LoRaWAN market by 2030.
The announcement follows Semtech’s Q3 2026 earnings, where the company reported revenue of $266.97 million, up 12.8% year‑over‑year, and an EPS of $0.48, beating estimates by $0.03. The earnings beat was driven by strong demand in the Wireless & Sensing segment, which grew 15% and offset a 5% decline in the Protection segment. Operating margin expanded to 10.2% from 9.8% in the prior year, reflecting pricing power in the high‑margin Wireless & Sensing business and disciplined cost management.
Management highlighted the Amazon partnership as a key growth lever. Senior Vice President and General Manager Madhu Rayabhari said, “Amazon’s embrace of LoRa as the core connectivity technology for Sidewalk validates our vision of enabling the Internet of Things through proven, scalable wireless connectivity.” The partnership is expected to accelerate adoption of Semtech’s LoRa chips in consumer and industrial devices, strengthening the company’s competitive moat.
Analysts noted that the expansion aligns with the projected 33.1% CAGR of the LoRaWAN market and supports Semtech’s strategy to focus on high‑growth IoT and data‑center segments. The company’s recent acquisition of Sierra Wireless and continued investment in new LoRa generations further underpin its ability to meet the rising demand for low‑power connectivity.
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