SMTC · Semtech Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '27 | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $291.02M | $251.06M | $266.97M | $257.59M | $206.10M | $236.82M | $215.35M | $236.54M | $200.90M | $238.37M |
| Cost of Revenue | $139.55M | $119.77M | $128.49M | $123.48M | $106.51M | $115.86M | $109.89M | $133.59M | $107.93M | $137.64M |
| Gross Profit | $151.46M | $131.29M | $138.48M | $134.10M | $99.59M | $120.97M | $105.46M | $102.95M | $92.97M | $100.73M |
| R&D | $57.57M | $47.53M | $49.40M | $48.20M | $41.60M | $42.56M | $40.08M | $51.83M | $46.91M | $51.39M |
| SG&A | $66.60M | $46.45M | $57.11M | $58.47M | $52.27M | $59.78M | $55.79M | $58.12M | $47.66M | $65.02M |
| Total Operating Expenses | $125.67M | $95.32M | $107.42M | $150.30M | $96.45M | $103.18M | $97.70M | $114.83M | $105.34M | $400.84M |
| D&A | $9.16M | $10.19M | - | - | $10.50M | - | - | $24.52M | - | - |
| Operating Income | $25.79M | $35.97M | $31.06M | ($16.19M) | $3.14M | $17.79M | $7.77M | ($11.88M) | ($12.37M) | ($300.11M) |
| Interest Expense | $766.0K | $5.44M | $3.44M | $4.73M | $23.64M | $21.32M | $23.50M | $20.51M | $25.57M | $24.16M |
| Income Tax | $112.0K | $8.65M | $7.32M | $4.79M | $2.96M | $4.01M | $4.21M | ($2.42M) | ($311.0K) | $56.59M |
| Net Income | $26.56M | $19.34M | ($2.86M) | ($27.06M) | ($23.16M) | ($7.59M) | ($170.29M) | ($29.41M) | ($38.25M) | ($382.00M) |
| EPS - Basic | $0.29 | $0.22 | ($0.03) | ($0.31) | ($0.36) | ($0.10) | ($2.61) | ($0.46) | ($0.60) | ($5.97) |
| EPS - Diluted | $0.27 | $0.22 | ($0.03) | ($0.31) | ($0.36) | ($0.10) | ($2.61) | ($0.46) | ($0.60) | ($5.97) |
Balance Sheet
| Line item | Q1 '27 | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $163.31M | $195.18M | $164.67M | $168.56M | $151.74M | $136.50M | $115.93M | $128.59M | $123.82M | $147.91M |
| Accounts Receivable | $174.79M | $160.55M | $164.75M | $153.50M | $162.52M | $142.46M | $152.98M | $134.32M | $156.61M | $159.10M |
| Inventory | $204.72M | $195.74M | $185.73M | $183.29M | $163.59M | $163.45M | $156.01M | $144.99M | $160.59M | $180.23M |
| Accounts Payable | $90.31M | $84.13M | $75.21M | $70.87M | $59.24M | $63.87M | $75.76M | $45.05M | $55.01M | $52.47M |
| Current Assets | $648.70M | $655.12M | $620.85M | $614.87M | $585.46M | $557.79M | $541.74M | $534.20M | $572.40M | $629.94M |
| Total Assets | $1.44B | $1.41B | $1.41B | $1.41B | $1.42B | $1.38B | $1.37B | $1.37B | $2.04B | $2.12B |
| Current Liabilities | $273.72M | $275.94M | $255.14M | $243.11M | $283.03M | $235.49M | $224.67M | $217.16M | $239.00M | $321.06M |
| Long-term Debt | $491.98M | $491.23M | $490.49M | $518.94M | $505.93M | $1.19B | $1.19B | $1.37B | $1.37B | $1.33B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $573.32M | $549.72M | $565.66M | $552.89M | $542.43M | ($139.68M) | ($141.44M) | ($307.43M) | $334.26M | $366.83M |
| Retained Earnings | ($409.50M) | ($436.06M) | ($406.27M) | ($403.40M) | ($395.69M) | ($434.83M) | ($427.24M) | ($233.79M) | $408.57M | $446.82M |
Cash Flow
| Line item | Q1 '27 | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $36.18M | $27.82M | - | - | ($89.0K) | - | - | ($89.99M) | - | - |
| Investing Cash Flow | ($42.49M) | ($5.07M) | - | - | $1.79M | - | - | ($14.41M) | - | - |
| Financing Cash Flow | ($25.80M) | ($19.36M) | - | - | ($3.20M) | - | - | $33.73M | - | - |
| CapEx | $8.17M | $1.65M | - | - | $1.33M | - | - | $13.98M | - | - |
| Free Cash Flow | $28.01M | $26.17M | - | - | ($1.42M) | - | - | ($103.96M) | - | - |
Ratios
| Metric | Q1 '27 | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 52.0% | 52.3% | 51.9% | 52.1% | 48.3% | 51.1% | 49.0% | 43.5% | 46.3% | 42.3% |
| Operating margin | 8.9% | 14.3% | 11.6% | -6.3% | 1.5% | 7.5% | 3.6% | -5.0% | -6.2% | -125.9% |
| EBITDA margin | 12.0% | 18.4% | - | - | 6.6% | - | - | 5.3% | - | - |
| Net margin | 9.1% | 7.7% | -1.1% | -10.5% | -11.2% | -3.2% | -79.1% | -12.4% | -19.0% | -160.3% |
| Free cash flow margin | 9.6% | 10.4% | - | - | -0.7% | - | - | -44.0% | - | - |
| FCF / Net income | 1.05 | 1.35 | - | - | 0.06 | - | - | 3.53 | - | - |
| R&D / Revenue | 19.8% | 18.9% | 18.5% | 18.7% | 20.2% | 18.0% | 18.6% | 21.9% | 23.4% | 21.6% |
| SG&A / Revenue | 22.9% | 18.5% | 21.4% | 22.7% | 25.4% | 25.2% | 25.9% | 24.6% | 23.7% | 27.3% |
| Effective tax rate | 0.4% | 30.9% | 164.2% | - | - | - | - | - | - | - |
| Return on assets | 1.8% | 1.4% | -0.2% | -1.9% | -1.6% | -0.6% | -12.4% | -2.1% | -1.9% | -18.0% |
| Return on equity | 4.6% | 3.5% | -0.5% | -4.9% | -4.3% | 5.4% | 120.4% | 9.6% | -11.4% | -104.1% |
| Return on invested capital | 2.4% | 2.4% | 1.5% | -1.2% | 0.2% | 1.3% | 0.6% | -0.9% | -0.6% | -14.0% |
| Liquidity | ||||||||||
| Current ratio | 2.37 | 2.37 | 2.43 | 2.53 | 2.07 | 2.37 | 2.41 | 2.46 | 2.40 | 1.96 |
| Quick ratio | 1.62 | 1.66 | 1.71 | 1.78 | 1.49 | 1.67 | 1.72 | 1.79 | 1.72 | 1.40 |
| Cash ratio | 0.60 | 0.71 | 0.65 | 0.69 | 0.54 | 0.58 | 0.52 | 0.59 | 0.52 | 0.46 |
| Leverage | ||||||||||
| Debt / Equity | 0.86 | 0.89 | 0.87 | 0.94 | 0.93 | -8.52 | -8.43 | -4.46 | 4.11 | 3.63 |
| Debt / Assets | 0.34 | 0.35 | 0.35 | 0.37 | 0.36 | 0.86 | 0.87 | 1.00 | 0.67 | 0.63 |
| Debt / EBITDA | 14.08 | 10.64 | - | - | 37.07 | - | - | 108.44 | - | - |
| Interest coverage | 33.7x | 6.6x | 9.0x | -3.4x | 0.1x | 0.8x | 0.3x | -0.6x | -0.5x | -12.4x |
| Equity multiplier | 2.51 | 2.57 | 2.49 | 2.54 | 2.62 | -9.87 | -9.67 | -4.47 | 6.10 | 5.78 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | 0.18 | 0.19 | 0.18 | 0.15 | 0.17 | 0.16 | 0.17 | 0.10 | 0.11 |
| Inventory turnover | 0.68 | 0.61 | 0.69 | 0.67 | 0.65 | 0.71 | 0.70 | 0.92 | 0.67 | 0.76 |
| Days sales outstanding | 219d | 233d | 225d | 218d | 288d | 220d | 259d | 207d | 285d | 244d |
| Days inventory outstanding | 535d | 597d | 528d | 542d | 561d | 515d | 518d | 396d | 543d | 478d |
| Days payable outstanding | 236d | 256d | 214d | 209d | 203d | 201d | 252d | 123d | 186d | 139d |
| Cash conversion cycle | 518d | 574d | 539d | 550d | 645d | 533d | 526d | 480d | 642d | 582d |
| Valuation | ||||||||||
| P / E | 406.6x | 366.0x | - | - | - | - | - | - | - | - |
| P / B | 18.8x | 13.1x | 10.5x | 8.3x | 8.7x | - | - | - | 2.8x | 5.0x |
| P / S | 37.0x | 28.7x | 22.3x | 17.9x | 22.9x | 14.5x | 9.4x | 5.6x | 4.6x | 7.6x |
| EV / EBITDA | 317.3x | 162.7x | - | - | 371.1x | - | - | 202.4x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 15.9% | 21.8% | 12.7% | 19.6% | -12.9% | 17.9% | -9.7% | 17.0% | 13.1% | 13.9% |
| Revenue CAGR (3y) | 7.2% | 7.5% | 14.5% | 7.2% | 6.6% | 6.7% | 5.2% | 21.2% | 9.2% | 18.4% |
| Revenue CAGR (5y) | 11.3% | 13.6% | 11.6% | 12.4% | 9.4% | 10.9% | 9.4% | - | 3.0% | - |
| Gross profit growth (YoY) | 15.4% | 31.8% | 14.5% | 27.2% | -3.3% | 30.1% | 4.7% | -21.0% | -19.6% | -25.8% |
| Operating income growth (YoY) | -28.3% | 1044.4% | 74.6% | - | - | - | - | - | - | - |
| Net income growth (YoY) | 37.3% | - | 62.3% | 84.1% | 21.3% | 80.2% | 55.4% | - | - | - |
| EPS growth (YoY) | 22.7% | - | 70.0% | 88.1% | 21.7% | 83.3% | 56.3% | - | - | - |
| EPS CAGR (3y) | - | -28.0% | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | -5.6% | 8.0% | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 7.0% | - | - | - | 98.6% | - | - | - | - | - |
| FCF CAGR (5y) | 0.9% | 7.3% | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.3% | 1.3% | - | - | - | - | - | - | -57.8% | -54.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-25.
Business segments
$1.75B totalSemiconductor Products Group$696.05M · 39.9%
Advanced Protection And Sensing Products Group$373.44M · 21.4%
Io TSystems And Connectivity$353.92M · 20.3%
Signal Integrity Products Group$322.61M · 18.5%
Product / service
$1.05B totalProduct$942.09M · 89.7%
Service$107.89M · 10.3%
Geographic
$1.05B totalAsia Pacific$697.60M · 66.4%
North America$231.88M · 22.1%
Europe$120.50M · 11.5%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing SEMTECH CORP against the 5 most active filers in the same SIC group.