NASDAQ : SMTC
Semtech Corporation — Financial statements
Technology · Semiconductors · United States
Last price 127.38 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.89B
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Financial statements
Semtech Corporation (SMTC) reported revenue of 1.17B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.17B | 1.05B | 909.29M | 868.76M | 756.53M | 740.86M |
| Cost of Revenue | 553.04M | 498.64M | 443.65M | 442.83M | 271.10M | 274.78M |
| Gross Profit | 621.17M | 551.34M | 465.63M | 425.93M | 485.44M | 466.08M |
| Selling, General & Admin | 250.87M | 221.85M | 222.37M | 220.22M | 162.08M | 168.21M |
| Research & Development | 218.77M | 196.35M | 170.91M | 186.45M | 155.94M | 147.93M |
| Amortization of Goodwill & Intangibles | 10.25M | 9.82M | 9.99M | 48.63M | 6.48M | 4.94M |
| Operating Expenses | 479.89M | 428.02M | 403.27M | 455.30M | 324.50M | 321.08M |
| Operating Income | 141.28M | 123.31M | 62.37M | -29.37M | 160.94M | 145.00M |
| Interest Expense | -32.62M | -40.62M | -90.07M | -95.81M | -17.65M | -5.09M |
| Interest & Investment Income | 3.43M | 2.52M | 2.30M | 3.05M | 5.80M | 1.47M |
| Earnings From Equity Investments | 5.37M | 636.00K | -547.00K | 45.00K | 249.00K | 2.12M |
| Other Non Operating Income (Expenses) | -983.00K | -5.26M | 267.00K | -542.00K | -1.33M | -989.00K |
| EBT Excluding Unusual Items | 116.48M | 80.59M | -25.68M | -122.63M | 148.01M | 142.51M |
| Merger & Restructuring Charges | -2.36M | -4.19M | -4.94M | -27.95M | -86.45M | |
| Impairment of Goodwill | -42.79M | -84.78M | -7.49M | -755.62M | ||
| Gain (Loss) on Sale of Investments | -10.39M | -10.39M | -1.11M | -3.93M | -1.16M | -1.34M |
| Gain (Loss) on Sale of Assets | 18.31M | |||||
| Asset Writedown | -1.78M | -1.78M | -131.38M | |||
| Other Unusual Items | -144.69M | 13.00K | ||||
| Pretax Income | 59.16M | -20.54M | -183.91M | -1.04B | 78.72M | 141.18M |
| Income Tax Expense | -94.86M | 19.83M | -22.01M | 50.52M | 17.34M | 15.54M |
| Earnings From Continuing Operations | 154.03M | -40.38M | -161.90M | -1.09B | 61.37M | 125.64M |
| Minority Interest in Earnings | -1.00K | 8.00K | 19.00K | |||
| Net Income | 154.03M | -40.38M | -161.90M | -1.09B | 61.38M | 125.66M |
| Net Income to Common | 154.03M | -40.38M | -161.90M | -1.09B | 61.38M | 125.66M |
| Shares Outstanding (Basic) | 91.63M | 88.37M | 71.61M | 64.13M | 63.77M | 64.66M |
| Shares Outstanding (Diluted) | 94.81M | 88.37M | 71.61M | 64.13M | 64.01M | 65.56M |
| EPS (Basic) | 1.68 | -0.46 | -2.26 | -17.03 | 0.96 | 1.94 |
| EPS (Diluted) | 1.63 | -0.46 | -2.26 | -17.03 | 0.96 | 1.92 |
| Free Cash Flow | 193.11M | 171.38M | 50.13M | -123.11M | 98.39M | 176.94M |
| Free Cash Flow Per Share | 2.04 | 1.94 | 0.70 | -1.92 | 1.54 | 2.70 |
| Gross Margin | 52.90% | 52.51% | 51.21% | 49.03% | 64.17% | 62.91% |
| Operating Margin | 12.03% | 11.74% | 6.86% | -3.38% | 21.27% | 19.57% |
| Profit Margin | 13.12% | -3.84% | -17.80% | -125.70% | 8.11% | 16.96% |
| Free Cash Flow Margin | 16.45% | 16.32% | 5.51% | -14.17% | 13.00% | 23.88% |
| EBITDA | 179.34M | 163.08M | 105.58M | 48.60M | 193.09M | 175.90M |
| EBITDA Margin | 15.27% | 15.53% | 11.61% | 5.59% | 25.52% | 23.74% |
| D&A For EBITDA | 38.05M | 39.76M | 43.21M | 77.97M | 32.15M | 30.89M |
| EBIT | 141.28M | 123.31M | 62.37M | -29.37M | 160.94M | 145.00M |
| EBIT Margin | 12.03% | 11.74% | 6.86% | -3.38% | 21.27% | 19.57% |
| Effective Tax Rate | 22.03% | 11.01% | ||||
| Revenue as Reported | 1.05B | 1.05B | 909.29M | 868.76M | 756.53M | |
| Advertising Expenses | 1.40M | 900.00K | 1.50M | 1.50M | 1.80M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 204.05M | 195.18M | 151.74M | 128.59M | 235.51M | 279.60M |
| Short-Term Investments | 12.72M | 14.54M | 12.56M | |||
| Trading Asset Securities | 62.00K | |||||
| Cash & Short-Term Investments | 204.05M | 195.18M | 164.46M | 143.13M | 248.07M | 279.66M |
| Accounts Receivable | 169.88M | 160.55M | 162.52M | 134.32M | 161.69M | 71.51M |
| Other Receivables | 35.63M | 25.60M | 17.30M | 12.53M | ||
| Receivables | 169.88M | 196.18M | 188.12M | 151.62M | 174.22M | 71.51M |
| Inventory | 170.79M | 225.64M | 198.43M | 189.75M | 263.86M | 114.00M |
| Prepaid Expenses | 21.38M | 31.73M | 28.14M | 37.03M | 27.51M | 5.98M |
| Other Current Assets | 176.74M | 6.39M | 6.31M | 12.66M | 9.13M | 31.14M |
| Total Current Assets | 742.84M | 655.12M | 585.46M | 534.20M | 722.79M | 502.30M |
| Property, Plant & Equipment | 136.35M | 132.80M | 147.92M | 177.49M | 201.10M | 134.94M |
| Long-Term Investments | 37.00M | 39.10M | 43.08M | 43.20M | 37.67M | |
| Goodwill | 478.21M | 457.93M | 533.09M | 541.23M | 1.28B | 351.14M |
| Other Intangible Assets | 39.95M | 36.49M | 29.92M | 34.57M | 215.10M | 6.80M |
| Long-Term Deferred Tax Assets | 139.60M | 34.19M | 41.12M | 18.01M | 63.78M | 27.80M |
| Long-Term Deferred Charges | 4.68M | 3.53M | 3.19M | 1.00M | ||
| Other Long-Term Assets | 105.40M | 53.29M | 39.46M | 24.16M | 41.95M | 70.26M |
| Total Assets | 1.65B | 1.41B | 1.42B | 1.37B | 2.57B | 1.13B |
| Accounts Payable | 68.17M | 84.13M | 59.24M | 45.05M | 100.68M | 50.70M |
| Accrued Expenses | 148.56M | 124.18M | 116.92M | 108.50M | 175.00M | 49.61M |
| Current Portion of Long-Term Debt | 143.36M | 45.59M | 43.10M | |||
| Current Portion of Leases | 5.74M | 6.06M | 6.01M | 6.56M | 6.21M | 3.98M |
| Current Income Taxes Payable | 2.92M | 8.52M | ||||
| Current Unearned Revenue | 14.20M | 15.87M | 19.09M | 26.77M | 13.05M | |
| Other Current Liabilities | 71.57M | 47.36M | 39.41M | 35.03M | 36.57M | 11.07M |
| Total Current Liabilities | 437.40M | 275.94M | 283.03M | 217.16M | 396.86M | 128.40M |
| Long-Term Debt | 349.37M | 491.23M | 505.93M | 1.37B | 1.30B | 171.68M |
| Long-Term Leases | 26.52M | 20.70M | 18.50M | 22.03M | 26.48M | 16.58M |
| Long-Term Deferred Tax Liabilities | 101.00K | 750.00K | 829.00K | 5.07M | 1.13M | |
| Other Long-Term Liabilities | 84.88M | 72.65M | 68.62M | 69.92M | 81.79M | 75.35M |
| Total Liabilities | 898.17M | 860.62M | 876.84M | 1.68B | 1.81B | 393.14M |
| Common Stock | 1.04M | 1.04M | 990.00K | 785.00K | 785.00K | 785.00K |
| Additional Paid-In Capital | 1.46B | 1.47B | 1.47B | 485.45M | 471.37M | 491.96M |
| Retained Earnings | -249.38M | -436.06M | -395.69M | -233.79M | 858.24M | 796.86M |
| Treasury Stock | -457.36M | -474.38M | -520.51M | -556.89M | -577.91M | -549.94M |
| Comprehensive Income & Other | -8.83M | -7.68M | -12.08M | -2.99M | 3.36M | -2.08M |
| Total Common Equity | 748.87M | 549.72M | 542.43M | -307.43M | 755.85M | 737.58M |
| Minority Interest | 184.00K | 183.00K | 191.00K | |||
| Shareholders' Equity | 748.87M | 549.72M | 542.43M | -307.25M | 756.03M | 737.77M |
| Total Liabilities & Equity | 1.65B | 1.41B | 1.42B | 1.37B | 2.57B | 1.13B |
| Total Debt | 524.99M | 517.99M | 576.03M | 1.40B | 1.38B | 192.23M |
| Net Cash (Debt) | -320.94M | -322.81M | -411.58M | -1.26B | -1.13B | 87.43M |
| Net Cash Per Share | -3.39 | -3.65 | -5.75 | -19.59 | -17.67 | 1.33 |
| Filing Date Shares Outstanding | 93.33M | 92.95M | 86.50M | 64.56M | 63.87M | 64.11M |
| Total Common Shares Outstanding | 93.32M | 92.67M | 86.27M | 64.42M | 63.87M | 64.10M |
| Working Capital | 305.44M | 379.18M | 302.43M | 317.04M | 325.93M | 373.90M |
| Book Value Per Share | 8.02 | 5.93 | 6.29 | -4.77 | 11.83 | 11.51 |
| Tangible Book Value | 230.71M | 55.30M | -20.58M | -883.23M | -740.95M | 379.64M |
| Tangible Book Value Per Share | 2.47 | 0.60 | -0.24 | -13.71 | -11.60 | 5.92 |
| Land | 13.58M | 13.58M | 13.58M | 13.58M | 13.61M | |
| Buildings | 49.89M | 49.90M | 49.90M | 46.60M | 39.45M | |
| Machinery | 368.29M | 358.32M | 355.45M | 334.24M | 309.54M | |
| Construction In Progress | 4.34M | 4.93M | 4.68M | 18.88M | 15.37M | |
| Leasehold Improvements | 13.58M | 13.44M | 13.74M | 13.98M | 11.74M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 154.03M | -40.38M | -161.90M | -1.09B | 61.38M | 125.66M |
| Depreciation & Amortization | 44.04M | 45.29M | 49.08M | 84.45M | 36.89M | 35.30M |
| Other Amortization | 7.64M | 8.22M | 21.81M | 11.77M | 1.42M | 481.00K |
| Loss (Gain) From Sale of Assets | 38.00K | 75.00K | 262.00K | 8.00K | -18.26M | -54.00K |
| Asset Writedown & Restructuring Costs | 44.57M | 86.56M | 7.49M | 890.89M | ||
| Loss (Gain) From Sale of Investments | 10.29M | 10.39M | 832.00K | 3.93M | 1.16M | 1.34M |
| Loss (Gain) on Equity Investments | -5.37M | -636.00K | 547.00K | -45.00K | -249.00K | -2.12M |
| Stock-Based Compensation | 83.88M | 57.72M | 68.04M | 40.17M | 39.25M | 51.19M |
| Other Operating Activities | -77.61M | 30.83M | 121.63M | 48.70M | -14.45M | 952.00K |
| Change in Accounts Receivable | -40.90M | 3.34M | -28.35M | 27.44M | 2.44M | -1.07M |
| Change in Inventory | -17.02M | -30.65M | -18.67M | 57.31M | -3.75M | -26.51M |
| Change in Accounts Payable | 24.55M | 22.53M | 14.68M | -44.35M | -3.70M | -2.15M |
| Change in Other Net Operating Assets | -14.12M | -12.13M | -17.47M | -122.16M | 24.58M | 20.09M |
| Operating Cash Flow | 214.02M | 181.17M | 57.99M | -93.92M | 126.71M | 203.12M |
| Capital Expenditures | -20.91M | -9.78M | -7.86M | -29.18M | -28.32M | -26.18M |
| Sale of Property, Plant & Equipment | 51.00K | 8.00K | 97.00K | 410.00K | 38.00K | 110.00K |
| Cash Acquisitions | -57.78M | -21.47M | -1.24B | |||
| Divestitures | 26.19M | |||||
| Sale (Purchase) of Intangibles | -9.23M | -6.02M | -6.34M | -1.92M | ||
| Investment in Securities | 1.50M | 1.94M | 2.22M | -930.00K | -4.47M | -8.24M |
| Other Investing Activities | -3.43M | 2.00K | 8.92M | -6.00M | ||
| Investing Cash Flow | -86.37M | -38.76M | -11.89M | -22.70M | -1.25B | -40.32M |
| Long-Term Debt Issued | 402.50M | 68.25M | 320.00M | 1.22B | 20.00M | |
| Long-Term Debt Repaid | -462.16M | -724.66M | -277.38M | -33.00M | -28.00M | |
| Net Debt Issued (Repaid) | -24.66M | -59.66M | -656.41M | 42.62M | 1.19B | -8.00M |
| Issuance of Common Stock | 4.78M | 4.15M | 645.01M | 620.00K | 5.28M | |
| Repurchase of Common Stock | -52.31M | -27.29M | -14.03M | -6.71M | -64.19M | -149.16M |
| Other Financing Activities | -20.22M | -18.26M | 3.77M | -25.36M | -51.41M | -215.00K |
| Financing Cash Flow | -92.42M | -101.07M | -21.66M | 10.55M | 1.08B | -152.10M |
| Foreign Exchange Rate Adjustments | 256.00K | 2.10M | -1.28M | -858.00K | ||
| Net Cash Flow | 35.49M | 43.44M | 23.16M | -106.92M | -44.09M | 10.71M |
| Free Cash Flow | 193.11M | 171.38M | 50.13M | -123.11M | 98.39M | 176.94M |
| Free Cash Flow Margin | 16.45% | 16.32% | 5.51% | -14.17% | 13.00% | 23.88% |
| Free Cash Flow Per Share | 2.04 | 1.94 | 0.70 | -1.92 | 1.54 | 2.70 |
| Levered Free Cash Flow | 132.65M | 146.61M | 98.32M | -26.24M | 155.58M | 151.11M |
| Unlevered Free Cash Flow | 146.57M | 164.82M | 133.09M | 21.87M | 165.19M | 153.82M |
| Cash Interest Paid | 7.81M | 16.31M | 72.45M | 83.58M | 11.74M | 4.29M |
| Cash Income Tax Paid | 6.82M | 4.08M | 7.98M | 19.76M | 10.36M | 3.33M |
| Change in Working Capital | -47.49M | -16.91M | -49.80M | -81.76M | 19.58M | -9.63M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.89B | 7.45B | 6.29B | 1.32B | 2.12B | 4.37B |
| Enterprise Value | 12.21B | 7.79B | 7.36B | 2.58B | 1.97B | 4.28B |
| Last Close Price | 127.38 | 80.52 | 73.02 | 20.59 | 33.15 | 67.83 |
| PE Ratio | 78.38 | 34.48 | 34.78 | |||
| Forward PE | 23.55 | 40.53 | 46.27 | 69.92 | 16.12 | 22.40 |
| PS Ratio | 10.12 | 7.10 | 6.92 | 1.52 | 2.80 | 5.90 |
| PB Ratio | 15.87 | 13.55 | 11.60 | -4.31 | 2.80 | 5.92 |
| P/TBV Ratio | 51.53 | 134.73 | 11.51 | |||
| P/FCF Ratio | 61.56 | 43.48 | 125.54 | 21.51 | 24.70 | |
| P/OCF Ratio | 55.55 | 41.13 | 108.52 | 16.70 | 21.52 | |
| PEG Ratio | 1.04 | 2.31 | 4.66 | 1.01 | 1.45 | |
| EV/Sales Ratio | 10.40 | 7.42 | 8.09 | 2.97 | 2.60 | 5.78 |
| EV/EBITDA Ratio | 68.08 | 47.79 | 69.68 | 53.10 | 10.20 | 24.34 |
| EV/EBIT Ratio | 86.41 | 63.20 | 117.95 | 12.23 | 29.53 | |
| EV/FCF Ratio | 63.22 | 45.47 | 146.76 | 20.01 | 24.20 | |
| Debt / Equity Ratio | 0.70 | 0.94 | 1.06 | -4.55 | 1.82 | 0.26 |
| Debt / EBITDA Ratio | 2.81 | 3.05 | 5.12 | 24.05 | 6.88 | 1.05 |
| Debt / FCF Ratio | 2.72 | 3.02 | 11.49 | 14.02 | 1.09 | |
| Net Debt / Equity Ratio | 0.43 | 0.59 | 0.76 | -4.09 | 1.50 | -0.12 |
| Net Debt / EBITDA Ratio | 1.79 | 1.98 | 3.90 | 25.85 | 5.86 | -0.50 |
| Net Debt / FCF Ratio | 1.66 | 1.88 | 8.21 | -10.21 | 11.50 | -0.49 |
| Asset Turnover | 0.77 | 0.74 | 0.65 | 0.44 | 0.41 | 0.67 |
| Inventory Turnover | 3.12 | 2.35 | 2.29 | 1.95 | 1.44 | 2.73 |
| Quick Ratio | 0.85 | 1.42 | 1.25 | 1.36 | 1.06 | 2.73 |
| Current Ratio | 1.70 | 2.37 | 2.07 | 2.46 | 1.82 | 3.91 |
| Return on Equity (ROE) | 23.66% | -7.39% | -137.68% | -486.66% | 8.22% | 17.49% |
| Return on Assets (ROA) | 5.79% | 5.45% | 2.79% | -0.93% | 5.44% | 8.19% |
| Return on Invested Capital (ROIC) | 14.15% | 13.50% | 5.91% | -1.93% | 9.89% | 20.19% |
| Return on Capital Employed (ROCE) | 11.70% | 10.90% | 5.50% | -2.50% | 7.40% | 14.50% |
| Earnings Yield | 1.28% | -0.54% | -2.57% | -82.50% | 2.90% | 2.88% |
| FCF Yield | 1.62% | 2.30% | 0.80% | -9.30% | 4.65% | 4.05% |
| Buyback Yield / Dilution | -14.99% | -23.42% | -11.66% | -0.18% | 2.37% | 0.75% |