SMTC

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Semtech Corp.

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Key Metrics

Previous Close: $125.36
52-Week Range: $47.50 – $177.35
Market Cap: $11.63B
P/E (TTM): —
EPS (TTM): -0.41
Dividend Yield: —

Advanced Metrics

Price/Book: 20.29
PEG Ratio: 1.21
Return on Equity: -5.81%
Return on Assets: 4.93%
Gross Margin: 52.39%
Operating Margin: 9.27%
Profit Margin: -3.04%
Current Ratio: 2.37
Debt/Equity: 0.90
Total Debt: $517.62M
Free Cash Flow: $132.51M
Revenue Growth: 15.90%
Earnings Growth: 22.70%
Enterprise Value: $11.99B

SMTC Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$756.53M	$868.76M	$909.29M	$1.05B
Cost of Revenue	$277.98M	$572.51M	$452.76M	$507.83M
Gross Profit	$478.56M	$296.25M	$456.53M	$542.14M
Research & Development	$166.95M	$186.45M	$170.91M	$196.35M
Selling, General & Admin	$224.81M	$220.22M	$222.37M	$221.85M
Operating Expenses	$392.58M	$421.58M	$394.16M	$418.83M
Operating Income	$85.98M	-$125.33M	$62.37M	$123.31M
EBITDA	$126.55M	-$862.87M	-$52.64M	$39.49M
Pretax Income	$78.47M	-$1.04B	-$183.36M	-$21.18M
Income Tax	$17.34M	$50.52M	-$22.01M	$19.83M
Net Income	$61.38M	-$1.09B	-$161.90M	-$40.38M
Diluted EPS	0.96	-17.03	-2.26	-0.46
Diluted Shares	64.01M	64.13M	71.61M	88.40M

SMTC Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$235.51M	$128.59M	$151.74M	$195.18M
Receivables	$161.69M	$151.62M	$188.12M	$196.18M
Inventory	$207.70M	$144.99M	$163.59M	$195.74M
Current Assets	$722.79M	$534.20M	$585.46M	$655.12M
Total Assets	$2.57B	$1.37B	$1.42B	$1.41B
Current Liabilities	$396.86M	$217.16M	$283.03M	$275.94M
Long-Term Debt	$1.30B	$1.37B	$505.93M	$491.23M
Total Debt	$1.35B	$1.38B	$557.53M	$497.30M
Total Liabilities	$1.81B	$1.68B	$876.84M	$860.62M
Retained Earnings	$858.24M	-$233.79M	-$395.69M	-$436.06M
Shareholders' Equity	$755.85M	-$307.43M	$542.43M	$549.72M
Working Capital	$325.93M	$317.04M	$302.43M	$379.18M
Net Debt	$1.10B	$1.24B	$399.78M	$296.06M

SMTC Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$126.71M	-$93.92M	$57.99M	$181.17M
Capital Expenditure	-$28.32M	-$31.10M	-$14.20M	-$15.80M
Free Cash Flow	$98.39M	-$125.02M	$43.78M	$165.36M
Depreciation & Amortisation	$36.89M	$84.45M	$49.37M	$46.33M
Stock-Based Compensation	$39.25M	$40.17M	$68.04M	$57.72M
Investing Cash Flow	-$1.25B	-$22.70M	-$11.89M	-$38.76M
Financing Cash Flow	$1.08B	$10.55M	-$21.66M	-$101.07M
Share Repurchases	-$50.00M	$0.00	$0.00	—
Net Change in Cash	-$44.09M	-$106.07M	$24.44M	$41.34M

SMTC Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$251.06M	$257.59M	$266.97M	$274.36M	$291.02M
Cost of Revenue	$119.77M	$123.48M	$128.49M	$136.08M	$139.55M
Gross Profit	$131.29M	$134.10M	$138.48M	$138.27M	$151.46M
Research & Development	$47.53M	$48.20M	$49.40M	$51.22M	$57.57M
Selling, General & Admin	$46.45M	$58.47M	$57.11M	$59.82M	$66.60M
Operating Expenses	$94.12M	$106.81M	$106.67M	$111.23M	$124.50M
Operating Income	$37.17M	$27.29M	$31.81M	$27.04M	$26.97M
EBITDA	$45.18M	-$4.53M	$19.40M	-$18.03M	$37.65M
Pretax Income	$26.95M	-$22.21M	$4.45M	-$30.37M	$25.05M
Income Tax	$8.65M	$4.79M	$7.32M	-$937.00K	$112.00K
Net Income	$19.34M	-$27.06M	-$2.86M	-$29.80M	$26.56M
Diluted EPS	0.22	-0.31	-0.03	-0.32	0.27
Diluted Shares	89.60M	86.70M	87.70M	92.60M	98.00M

SMTC Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$156.47M	$168.56M	$164.67M	$195.18M	$163.31M
Receivables	$165.75M	$153.50M	$164.75M	$196.18M	$174.79M
Inventory	$170.24M	$183.29M	$185.73M	$195.74M	$204.72M
Current Assets	$598.04M	$614.87M	$620.85M	$655.12M	$648.70M
Total Assets	$1.43B	$1.41B	$1.41B	$1.41B	$1.44B
Current Liabilities	$235.95M	$243.11M	$255.14M	$275.94M	$273.72M
Long-Term Debt	$542.64M	$518.94M	$490.49M	$491.23M	$491.98M
Total Debt	$542.64M	$518.94M	$490.49M	$497.30M	$491.98M
Total Liabilities	$863.14M	$852.99M	$840.22M	$860.62M	$865.62M
Retained Earnings	-$376.34M	-$403.40M	-$406.27M	-$436.06M	-$409.50M
Shareholders' Equity	$568.82M	$552.89M	$565.66M	$549.72M	$573.32M
Working Capital	$362.09M	$371.76M	$365.71M	$379.18M	$374.98M
Net Debt	$386.17M	$350.38M	$325.82M	$296.06M	$328.67M

SMTC Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$27.82M	$44.40M	$47.46M	$61.49M	$36.18M
Capital Expenditure	-$2.18M	-$5.13M	-$5.45M	-$3.04M	-$13.45M
Free Cash Flow	$25.64M	$39.26M	$42.01M	$58.45M	$22.74M
Depreciation & Amortisation	$11.54M	$11.67M	$11.52M	$11.60M	$10.73M
Stock-Based Compensation	$6.83M	$17.30M	$17.14M	$16.45M	$26.45M
Investing Cash Flow	-$5.07M	-$5.13M	-$4.05M	-$24.50M	-$42.49M
Financing Cash Flow	-$19.36M	-$27.66M	-$47.09M	-$6.96M	-$25.80M
Net Change in Cash	$3.39M	$11.61M	-$3.68M	$30.02M	-$32.11M

Market Snapshot

About

Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors and advanced algorithms. The company specializes in wireless connectivity solutions including LoRa technology for IoT applications, signal integrity products for data centers, and protection devices for electronics. Semtech serves communications, computing, industrial, and consumer markets globally.