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 | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $1.05B | $909.29M | $868.76M | $756.53M | $740.86M | $595.12M |
| Cost of Revenue | $507.83M | $452.76M | $572.51M | $277.98M | $274.78M | $231.57M |
| Gross Profit | $542.14M | $456.53M | $296.25M | $478.56M | $466.08M | $363.55M |
| R&D | $196.35M | $170.91M | $186.45M | $167.45M | $147.93M | $117.53M |
| SG&A | $221.85M | $222.37M | $220.22M | $235.80M | $168.21M | $162.83M |
| Total Operating Expenses | $509.58M | $406.59M | $1.24B | $385.76M | $321.06M | $288.59M |
| D&A | $29.90M | $33.20M | $29.30M | $25.80M | $26.00M | $23.60M |
| Operating Income | $32.56M | $49.93M | ($944.32M) | $92.80M | $145.02M | $74.96M |
| Interest Expense | $40.62M | $90.07M | $95.81M | $5.34M | $4.61M | $4.85M |
| Income Tax | $19.83M | ($22.01M) | $50.52M | $17.34M | $15.54M | $3.44M |
| Net Income | ($40.38M) | ($161.90M) | ($1.09B) | $61.38M | $125.66M | $59.90M |
| EPS - Basic | ($0.46) | ($2.26) | ($17.03) | $0.96 | $1.94 | $0.92 |
| EPS - Diluted | ($0.46) | ($2.26) | ($17.03) | $0.96 | $1.92 | $0.91 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $195.18M | $151.74M | $128.59M | $235.51M | $279.60M | $268.89M |
| Accounts Receivable | $160.55M | $162.52M | $134.32M | $161.69M | $71.51M | $70.43M |
| Inventory | $195.74M | $163.59M | $144.99M | $207.70M | $114.00M | $87.49M |
| Accounts Payable | $84.13M | $59.24M | $45.05M | $100.68M | $50.70M | $50.19M |
| Current Assets | $655.12M | $585.46M | $534.20M | $722.79M | $502.30M | $474.73M |
| Total Assets | $1.41B | $1.42B | $1.37B | $2.57B | $1.13B | $1.08B |
| Current Liabilities | $275.94M | $283.03M | $217.16M | $396.86M | $128.40M | $109.57M |
| Long-term Debt | $491.23M | $505.93M | $1.37B | $1.30B | $171.68M | $179.19M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $549.72M | $542.43M | ($307.43M) | $755.85M | $737.58M | $698.74M |
| Retained Earnings | ($436.06M) | ($395.69M) | ($233.79M) | $858.24M | $796.86M | $671.20M |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $181.17M | $57.99M | ($93.92M) | $126.71M | $203.12M | $118.93M |
| Investing Cash Flow | ($38.76M) | ($11.89M) | ($22.70M) | ($1.25B) | ($40.32M) | ($42.91M) |
| Financing Cash Flow | ($101.07M) | ($21.66M) | $10.55M | $1.08B | ($152.10M) | ($100.45M) |
| CapEx | $9.78M | $7.86M | $29.18M | $28.32M | $26.18M | $32.73M |
| Free Cash Flow | $171.38M | $50.13M | ($123.11M) | $98.39M | $176.94M | $86.20M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 51.6% | 50.2% | 34.1% | 63.3% | 62.9% | 61.1% |
| Operating margin | 3.1% | 5.5% | -108.7% | 12.3% | 19.6% | 12.6% |
| EBITDA margin | 5.9% | 9.1% | -105.3% | 15.7% | 23.1% | 16.6% |
| Net margin | -3.8% | -17.8% | -125.7% | 8.1% | 17.0% | 10.1% |
| Free cash flow margin | 16.3% | 5.5% | -14.2% | 13.0% | 23.9% | 14.5% |
| FCF / Net income | -4.24 | -0.31 | 0.11 | 1.60 | 1.41 | 1.44 |
| R&D / Revenue | 18.7% | 18.8% | 21.5% | 22.1% | 20.0% | 19.7% |
| SG&A / Revenue | 21.1% | 24.5% | 25.3% | 31.2% | 22.7% | 27.4% |
| Effective tax rate | - | - | - | 22.0% | 11.0% | 5.4% |
| Return on assets | -2.9% | -11.4% | -79.5% | 2.4% | 11.1% | 5.5% |
| Return on equity | -7.3% | -29.8% | 355.2% | 8.1% | 17.0% | 8.6% |
| Return on invested capital | 2.5% | 3.8% | -70.1% | 3.5% | 14.2% | 8.1% |
| Liquidity | ||||||
| Current ratio | 2.37 | 2.07 | 2.46 | 1.82 | 3.91 | 4.33 |
| Quick ratio | 1.66 | 1.49 | 1.79 | 1.30 | 3.02 | 3.53 |
| Cash ratio | 0.71 | 0.54 | 0.59 | 0.59 | 2.18 | 2.45 |
| Leverage | ||||||
| Debt / Equity | 0.89 | 0.93 | -4.46 | 1.72 | 0.23 | 0.26 |
| Debt / Assets | 0.35 | 0.36 | 1.00 | 0.50 | 0.15 | 0.17 |
| Debt / EBITDA | 7.86 | 6.09 | - | 10.94 | 1.00 | 1.82 |
| Interest coverage | 0.8x | 0.6x | -9.9x | 17.4x | 31.5x | 15.4x |
| Equity multiplier | 2.57 | 2.62 | -4.47 | 3.40 | 1.53 | 1.55 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.74 | 0.64 | 0.63 | 0.29 | 0.66 | 0.55 |
| Inventory turnover | 2.59 | 2.77 | 3.95 | 1.34 | 2.41 | 2.65 |
| Days sales outstanding | 56d | 65d | 56d | 78d | 35d | 43d |
| Days inventory outstanding | 141d | 132d | 92d | 273d | 151d | 138d |
| Days payable outstanding | 60d | 48d | 29d | 132d | 67d | 79d |
| Cash conversion cycle | 136d | 149d | 120d | 219d | 119d | 102d |
| Valuation | ||||||
| P / E | - | - | - | 34.4x | 37.0x | 78.0x |
| P / B | 12.8x | 8.8x | - | 2.8x | 6.3x | 6.7x |
| P / S | 6.7x | 5.3x | 1.5x | 2.8x | 6.3x | 7.9x |
| EV / EBITDA | 117.6x | 61.9x | - | 26.8x | 26.6x | 46.6x |
| Growth | ||||||
| Revenue growth (YoY) | 15.5% | 4.7% | 14.8% | 2.1% | 24.5% | - |
| Revenue CAGR (3y) | 11.5% | 7.1% | 13.4% | - | 10.6% | - |
| Revenue CAGR (5y) | 12.0% | - | 9.7% | - | 4.7% | 1.8% |
| Gross profit growth (YoY) | 18.8% | 54.1% | -38.1% | 2.7% | 28.2% | - |
| Operating income growth (YoY) | -34.8% | - | - | -36.0% | 93.5% | - |
| Net income growth (YoY) | 75.1% | 85.2% | - | -51.2% | 109.8% | - |
| EPS growth (YoY) | 79.6% | 86.7% | - | -50.0% | 111.0% | - |
| EPS CAGR (3y) | - | - | - | - | 59.9% | - |
| EPS CAGR (5y) | - | - | - | - | 28.9% | 1.9% |
| FCF growth (YoY) | 241.9% | - | - | -44.4% | 105.3% | - |
| FCF CAGR (5y) | 14.7% | - | - | - | 18.4% | 0.4% |
| Book value growth (YoY) | 1.3% | - | - | 2.5% | 5.6% | - |
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%
Stability scores
Piotroski F-score
FY 2026 · 9-point quality
7/9
Strong
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing SEMTECH CORP against the 5 most active filers in the same SIC group.