UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                                    FORM 8-K


                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


     Date of report (Date of earliest event reported)         May 31, 2005
                                                     ---------------------------

                               Semtech Corporation
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             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
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                 (State or Other Jurisdiction of Incorporation)

                  1-6395                                   95-2119684
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        (Commission File Number)               (IRS Employer Identification No.)

               200 Flynn Road
           Camarillo, California                                     93012-8790
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  (Address of Principal Executive Offices)                           (Zip Code)

                                  805-498-2111
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              (Registrant's Telephone Number, Including Area Code)


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          (Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

     |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
(17 CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))






Item 2.02.  Results of Operations and Financial Condition
            ---------------------------------------------

            On May 31, 2005, the Registrant issued a press release announcing
            its financial results for the fiscal quarter ended May 1, 2005. A
            copy of the press release is attached hereto as Exhibit 99.1.

            The information contained in this Item 2.02 (including the exhibit
            hereto) is being furnished and shall not be deemed "filed" for the
            purposes of Section 18 of the Securities Exchange Act of 1934, as
            amended, or otherwise subject to the liabilities of that section.
            The information in this Item 2.02 (including the exhibit hereto)
            shall not be incorporated by reference into any registration
            statement or other document pursuant to the Securities Act of 1933,
            as amended, except as shall be expressly set forth by specific
            reference to this Item 2.02 in such filing.


Item 7.01.  Regulation FD Disclosure
            ------------------------

            On May 31, 2005, the Registrant issued a press release containing
            forward looking statements, including with respect to its future
            performance and financial results. A copy of the press release is
            attached hereto as Exhibit 99.1.

            The information contained in this Item 7.01 including the exhibit
            hereto) is being furnished and shall not be deemed "filed" for the
            purposes of Section 18 of the Securities Exchange Act of 1934, as
            amended, or otherwise subject to the liabilities of that section.
            The information in this Item 7.01 (including the exhibit hereto)
            shall not be incorporated by reference into any registration
            statement or other document pursuant to the Securities Act of 1933,
            as amended, except as shall be expressly set forth by specific
            reference to this Item 7.01 in such filing


Item 9.01.  Financial Statements and Exhibits.
            ---------------------------------

            (c)  Exhibits  
                 --------

                 Exhibit 99.1    Press Release of the Registrant dated May 31, 
                                 2005. (This Exhibit 99.1 is being furnished and
                                 shall not be deemed "filed" as set forth in 
                                 Items 2.02 and 7.01 hereof.)

                 The information contained in Exhibit 99.1 hereto is being
                 furnished and shall not be deemed "filed" for the purposes of
                 Section 18 of the Securities Exchange Act of 1934, as amended,
                 or otherwise subject to the liabilities of that section. The
                 information in Exhibit 99.1 hereto shall not be incorporated by
                 reference into any registration statement or other document
                 pursuant to the Securities Act of 1933, as amended, except as
                 shall be expressly set forth by specific reference to Exhibit
                 99.1 in such filing.



                                    SIGNATURE
                                    ---------

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: May 31, 2005                            SEMTECH CORPORATION



                                              By:   /s/   David G. Franz, Jr. 
                                                 -----------------------------
                                                    David G. Franz, Jr.
                                                   Chief Financial Officer





INDEX TO EXHIBITS


Exhibit Number             Description of Document
--------------             -----------------------

99.1                       Press Release of the Registrant dated May 31, 2005