SMTC

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Semtech Corp.

Cyclical demand Physical products Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $186.59
52-Week Range: $60.28 – $201.99
Market Cap: $18.19B
P/E (TTM): 129.06
EPS (TTM): 1.51
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 31.66
PEG Ratio: 1.21
Return on Equity: 23.66%
Return on Assets: 5.79%
Gross Margin: 52.90%
Operating Margin: 16.22%
Profit Margin: 13.12%
Current Ratio: 1.70
Debt/Equity: 0.70
Total Debt: $524.99M
Free Cash Flow: $132.65M
Revenue Growth: 32.70%
Earnings Growth: —
Enterprise Value: $18.51B

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	Q3 2026
Revenue	$251.06M	$257.59M	$266.97M	$274.36M	$291.02M	$341.87M
Cost of Revenue	$119.77M	$123.48M	$128.49M	$136.08M	$139.55M	$158.11M
Gross Profit	$131.29M	$134.10M	$138.48M	$138.27M	$151.46M	$183.76M
Research & Development	$47.53M	$48.20M	$49.40M	$51.22M	$57.57M	$60.58M
Selling, General & Admin	$46.45M	$58.47M	$57.11M	$59.82M	$66.60M	$67.33M
Operating Expenses	$94.12M	$106.81M	$106.67M	$111.23M	$124.50M	$128.30M
Operating Income	$37.17M	$27.29M	$31.81M	$27.04M	$26.97M	$55.46M
EBITDA	$45.18M	-$4.53M	$19.40M	-$18.03M	$37.65M	$67.78M
Pretax Income	$26.95M	-$22.21M	$4.45M	-$30.37M	$25.05M	$54.66M
Income Tax	$8.65M	$4.79M	$7.32M	-$937.00K	$112.00K	-$101.36M
Net Income	$19.34M	-$27.06M	-$2.86M	-$29.80M	$26.56M	$160.12M
Diluted EPS	0.22	-0.31	-0.03	-0.32	0.27	1.59
Diluted Shares	89.60M	86.70M	87.70M	92.60M	98.00M	100.80M

SMTC Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Cash & Equivalents	$156.47M	$168.56M	$164.67M	$195.18M	$163.31M	$204.05M
Receivables	$165.75M	$153.50M	$164.75M	$196.18M	$174.79M	$169.88M
Inventory	$170.24M	$183.29M	$185.73M	$195.74M	$204.72M	$170.79M
Current Assets	$598.04M	$614.87M	$620.85M	$655.12M	$648.70M	$742.84M
Total Assets	$1.43B	$1.41B	$1.41B	$1.41B	$1.44B	$1.65B
Current Liabilities	$235.95M	$243.11M	$255.14M	$275.94M	$273.72M	$437.40M
Long-Term Debt	$542.64M	$518.94M	$490.49M	$491.23M	$491.98M	$349.37M
Total Debt	$542.64M	$518.94M	$490.49M	$497.30M	$491.98M	$492.73M
Total Liabilities	$863.14M	$852.99M	$840.22M	$860.62M	$865.62M	$898.17M
Retained Earnings	-$376.34M	-$403.40M	-$406.27M	-$436.06M	-$409.50M	-$249.38M
Shareholders' Equity	$568.82M	$552.89M	$565.66M	$549.72M	$573.32M	$748.87M
Working Capital	$362.09M	$371.76M	$365.71M	$379.18M	$374.98M	$305.44M
Net Debt	$386.17M	$350.38M	$325.82M	$296.06M	$328.67M	$288.68M

SMTC Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Operating Cash Flow	$27.82M	$44.40M	$47.46M	$61.49M	$36.18M	$68.89M
Capital Expenditure	-$2.18M	-$5.13M	-$5.45M	-$3.04M	-$13.45M	-$8.20M
Free Cash Flow	$25.64M	$39.26M	$42.01M	$58.45M	$22.74M	$60.69M
Depreciation & Amortisation	$11.54M	$11.67M	$11.52M	$11.60M	$10.73M	$11.35M
Stock-Based Compensation	$6.83M	$17.30M	$17.14M	$16.45M	$26.45M	$23.85M
Investing Cash Flow	-$5.07M	-$5.13M	-$4.05M	-$24.50M	-$42.49M	-$15.32M
Financing Cash Flow	-$19.36M	-$27.66M	-$47.09M	-$6.96M	-$25.80M	-$12.57M
Net Change in Cash	$3.39M	$11.61M	-$3.68M	$30.02M	-$32.11M	$41.00M

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.