Semtech (SMTC)

Nasdaq Information Technology Semiconductors S&P MidCap 400

$103.21

+11.67 (+12.75%)

Close of Nov 06, 2026 · end-of-day data

Source: Semtech's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$544.27M	$587.85M	$627.20M	$547.51M	$595.12M	$740.86M	$756.53M	$868.76M	$909.29M	$1.05B
Cost of revenue	$219.41M	$235.88M	$250.17M	$210.83M	$239.24M	$279.72M	$277.98M	$572.51M	$452.76M	$507.83M
Gross profit	$324.86M	$351.97M	$377.02M	$336.68M	$355.87M	$461.14M	$478.56M	$296.25M	$456.53M	$542.14M
Research & development	$102.50M	$105.07M	$109.05M	$107.37M	$117.53M	$147.93M	$166.95M	$186.45M	$170.91M	$196.35M
Selling, general & admin	$138.71M	$148.15M	$145.25M	$163.11M	$162.83M	$168.21M	$224.81M	$220.22M	$222.37M	$221.85M
Operating income	$84.08M	$66.62M	$105.50M	$52.01M	$74.96M	$145.02M	$92.80M	-$944.32M	$49.93M	$32.56M
Interest expense	—	$7.39M	$8.67M	$8.62M	$5.34M	$5.09M	$17.65M	$95.81M	$90.07M	$40.62M
Pre-tax income	$73.06M	$57.76M	$70.12M	$44.59M	$62.98M	$139.07M	$78.47M	-$1.04B	-$183.36M	-$21.18M
Income tax	$18.40M	$22.85M	$355.00K	$12.83M	$3.44M	$15.54M	$17.34M	$50.52M	-$22.01M	$19.83M
Net income	$54.66M	$34.65M	$69.64M	$31.87M	$59.90M	$125.66M	$61.38M	-$1.09B	-$161.90M	-$40.38M
EBITDA	$131.14M	$115.62M	$155.14M	$91.59M	$98.56M	$171.02M	$118.60M	-$915.02M	$83.13M	$62.47M
EPS (basic)	$0.84	$0.52	$1.06	$0.48	$0.92	$1.94	$0.96	$-17.03	$-2.26	$-0.46
EPS (diluted)	$0.83	$0.51	$1.02	$0.47	$0.91	$1.92	$0.96	$-17.03	$-2.26	$-0.46
Diluted shares	66.11M	67.61M	68.48M	67.42M	66.06M	65.56M	64.01M	64.13M	71.61M	88.37M
Gross margin	59.7%	59.9%	60.1%	61.5%	59.8%	62.2%	63.3%	34.1%	50.2%	51.6%
Operating margin	15.4%	11.3%	16.8%	9.5%	12.6%	19.6%	12.3%	-108.7%	5.5%	3.1%
Net margin	10.0%	5.9%	11.1%	5.8%	10.1%	17.0%	8.1%	-125.7%	-17.8%	-3.8%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$297.13M	$307.92M	$312.12M	$293.32M	$268.89M	$279.60M	$235.51M	$128.59M	$151.74M	$195.18M
Short-term investments	—	—	—	—	—	$12.40M	$12.56M	$14.54M	$12.72M	$0
Receivables	$51.44M	$53.18M	$79.22M	$61.93M	$70.43M	$71.51M	$161.69M	$134.32M	$162.52M	$160.55M
Inventory	$65.87M	$71.07M	$63.68M	$73.01M	$87.49M	$114.00M	$207.70M	$144.99M	$163.59M	$195.74M
Total current assets	$438.43M	$461.23M	$485.30M	$460.74M	$474.73M	$502.30M	$722.79M	$534.20M	$585.46M	$655.12M
Goodwill	$329.70M	$341.90M	$351.14M	$351.14M	$351.14M	$351.14M	$1.28B	$541.23M	$533.09M	$457.93M
Total assets	$1.01B	$1.09B	$1.06B	$1.05B	$1.08B	$1.13B	$2.57B	$1.37B	$1.42B	$1.41B
Total current liabilities	$122.97M	$126.21M	$129.91M	$98.64M	$109.57M	$128.40M	$396.86M	$217.16M	$283.03M	$275.94M
Short-term debt	$14.43M	$15.41M	$18.27M	$0	—	$0	$43.10M	$0	$45.59M	$0
Long-term debt	$226.52M	$211.11M	$192.84M	$194.74M	$179.19M	$171.68M	$1.30B	$1.37B	$505.93M	$491.23M
Total debt	$240.96M	$226.52M	$211.11M	$194.74M	$179.19M	$171.68M	$1.34B	$1.37B	$551.53M	$491.23M
Total liabilities	$406.28M	$420.76M	$380.20M	$375.48M	$383.36M	$393.33M	$1.81B	$1.68B	$876.84M	$860.62M
Shareholders' equity	$605.26M	$665.35M	$682.58M	$676.95M	$698.74M	$737.58M	$755.85M	-$307.43M	$542.43M	$549.72M

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$117.61M	$111.48M	$183.56M	$118.62M	$118.93M	$203.12M	$126.71M	-$93.92M	$57.99M	$181.17M
Capital expenditures	$32.92M	$35.46M	$17.05M	$23.06M	$32.73M	$26.18M	$28.32M	$29.18M	$7.86M	$9.78M
Free cash flow	$84.69M	$76.02M	$166.51M	$95.56M	$86.20M	$176.94M	$98.39M	-$123.11M	$50.13M	$171.38M
Investing cash flow	-$13.52M	-$65.86M	-$36.22M	-$34.33M	-$42.91M	-$40.32M	-$1.25B	-$22.70M	-$11.89M	-$38.76M
Financing cash flow	-$18.77M	-$34.84M	-$143.15M	-$103.08M	-$100.45M	-$152.10M	$1.08B	$10.55M	-$21.66M	-$101.07M
Share buybacks	$1.00M	$14.85M	$116.21M	$70.22M	$71.43M	$129.75M	$50.00M	$0	$0	—
Stock-based compensation	$30.83M	$50.05M	$66.84M	$52.05M	$52.99M	$51.19M	$39.25M	$40.17M	$68.04M	$57.72M
Depreciation & amortization	$47.06M	$49.00M	$49.64M	$39.58M	$23.60M	$26.00M	$25.80M	$29.30M	$33.20M	$29.90M

Income statement

quarters · USD

Quarter ended	Jul 2023	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026
Revenue	$238.37M	$200.90M	$192.95M	$206.10M	$215.35M	$236.82M	$251.00M	$251.06M	$257.59M	$266.97M	$274.36M	$291.02M
Cost of revenue	$137.64M	$107.93M	$193.34M	$106.51M	$109.89M	$115.86M	$120.50M	$119.77M	$123.48M	$128.49M	$136.08M	$139.55M
Gross profit	$100.73M	$92.97M	-$390.00K	$99.59M	$105.46M	$120.97M	$130.50M	$131.29M	$134.10M	$138.48M	$138.27M	$151.46M
Research & development	$47.43M	$46.91M	$41.51M	$41.60M	$40.08M	$42.56M	$46.66M	$47.53M	$48.20M	$49.40M	$51.22M	$57.57M
Selling, general & admin	$59.58M	$47.66M	$55.20M	$52.27M	$55.79M	$59.78M	$54.53M	$46.45M	$58.47M	$57.11M	$59.82M	$66.60M
Operating income	-$300.11M	-$12.37M	-$619.96M	$3.14M	$7.77M	$17.79M	$21.24M	$35.97M	-$16.19M	$31.06M	-$18.27M	$25.79M
Interest expense	$24.16M	$25.57M	$23.27M	$23.64M	$23.50M	$21.32M	$12.88M	$5.44M	$4.73M	$3.44M	$736.00K	$766.00K
Pre-tax income	-$325.40M	-$38.55M	-$645.78M	-$20.25M	-$166.08M	-$3.57M	$6.54M	$26.95M	-$22.21M	$4.45M	-$30.37M	$25.05M
Income tax	$56.59M	-$311.00K	-$3.35M	$2.96M	$4.21M	$4.01M	-$33.19M	$8.65M	$4.79M	$7.32M	-$937.00K	$112.00K
Net income	-$382.00M	-$38.25M	-$642.36M	-$23.16M	-$170.29M	-$7.59M	$39.14M	$19.34M	-$27.06M	-$2.86M	-$29.80M	$26.56M
EBITDA	-$278.07M	$10.17M	—	$13.65M	$20.34M	$27.93M	—	$46.16M	-$5.88M	$41.19M	—	$34.95M
EPS (basic)	$-5.97	$-0.60	$-10.01	$-0.36	$-2.61	$-0.10	$0.68	$0.22	$-0.31	$-0.03	$-0.34	$0.29
EPS (diluted)	$-5.97	$-0.60	$-10.01	$-0.36	$-2.61	$-0.10	$0.68	$0.22	$-0.31	$-0.03	$-0.34	$0.27
Diluted shares	64.00M	64.22M	79.00K	64.51M	65.28M	75.32M	3.22M	89.58M	86.71M	87.68M	1.43M	98.03M
Gross margin	42.3%	46.3%	-0.2%	48.3%	49.0%	51.1%	52.0%	52.3%	52.1%	51.9%	50.4%	52.0%
Operating margin	-125.9%	-6.2%	-321.3%	1.5%	3.6%	7.5%	8.5%	14.3%	-6.3%	11.6%	-6.7%	8.9%
Net margin	-160.3%	-19.0%	-332.9%	-11.2%	-79.1%	-3.2%	15.6%	7.7%	-10.5%	-1.1%	-10.9%	9.1%

Balance sheet

quarters · USD

Quarter ended	Jul 2023	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026
Cash & equivalents	$147.91M	$123.82M	$128.59M	$126.78M	$115.93M	$136.50M	$151.74M	$156.47M	$168.56M	$164.67M	$195.18M	$163.31M
Short-term investments	—	—	$14.54M	—	—	—	$12.72M	—	—	—	$0	—
Receivables	$159.10M	$156.61M	$134.32M	$153.92M	$152.98M	$142.46M	$162.52M	$165.75M	$153.50M	$164.75M	$160.55M	$174.79M
Inventory	$180.23M	$160.59M	$144.99M	$148.54M	$156.01M	$163.45M	$163.59M	$170.24M	$183.29M	$185.73M	$195.74M	$204.72M
Total current assets	$629.94M	$572.40M	$534.20M	$539.27M	$541.74M	$557.79M	$585.46M	$598.04M	$614.87M	$620.85M	$655.12M	$648.70M
Goodwill	$1.02B	$1.01B	$541.23M	$540.92M	$541.10M	$541.28M	$533.09M	$533.80M	$492.19M	$492.06M	$457.93M	$470.85M
Total assets	$2.12B	$2.04B	$1.37B	$1.38B	$1.37B	$1.38B	$1.42B	$1.43B	$1.41B	$1.41B	$1.41B	$1.44B
Total current liabilities	$321.06M	$239.00M	$217.16M	$224.89M	$224.67M	$235.49M	$283.03M	$235.95M	$243.11M	$255.14M	$275.94M	$273.72M
Short-term debt	$52.89M	$0	$0	—	—	—	$45.59M	$0	$0	$0	$0	—
Long-term debt	$1.33B	$1.37B	$1.37B	$1.37B	$1.19B	$1.19B	$505.93M	$542.64M	$518.94M	$490.49M	$491.23M	$491.98M
Total debt	$1.38B	$1.37B	$1.37B	$1.37B	$1.19B	$1.19B	$551.53M	$542.64M	$518.94M	$490.49M	$491.23M	$491.98M
Total liabilities	$1.75B	$1.70B	$1.68B	$1.69B	$1.51B	$1.52B	$876.84M	$863.14M	$852.99M	$840.22M	$860.62M	$865.62M
Shareholders' equity	$366.83M	$334.26M	-$307.43M	-$313.10M	-$141.44M	-$139.68M	$542.43M	$568.82M	$552.89M	$565.66M	$549.72M	$573.32M

Cash flow

quarters · USD

Quarter ended	Jul 2023	Oct 2023	Jan 2024	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026
Operating cash flow	-$12.01M	-$5.85M	$13.92M	-$89.00K	-$5.00M	$29.57M	$33.50M	$27.82M	$44.40M	$47.46M	$61.49M	$36.18M
Capital expenditures	$6.92M	$6.58M	$1.71M	$1.33M	$3.41M	$483.00K	$2.63M	$1.65M	$2.88M	$2.82M	$2.43M	$8.17M
Free cash flow	-$18.93M	-$12.42M	$12.21M	-$1.42M	-$8.41M	$29.09M	$30.86M	$26.17M	$41.51M	$44.64M	$59.06M	$28.01M
Investing cash flow	-$5.17M	-$6.69M	$3.57M	$1.79M	-$4.46M	-$1.41M	-$7.80M	-$5.07M	-$5.13M	-$4.05M	-$24.50M	-$42.49M
Financing cash flow	$999.00K	-$10.39M	-$13.79M	-$3.20M	-$1.35M	-$7.51M	-$9.60M	-$19.36M	-$27.66M	-$47.09M	-$6.96M	-$25.80M
Share buybacks	$0	$0	$0	—	—	—	—	—	—	—	—	—
Stock-based compensation	$13.40M	$6.54M	$11.83M	$15.23M	$17.14M	$18.41M	$17.26M	$6.83M	$17.30M	$17.14M	$16.45M	$26.45M
Depreciation & amortization	$22.04M	$22.54M	—	$10.50M	$12.57M	$10.14M	—	$10.19M	$10.31M	$10.13M	—	$9.16M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.