Semtech (SMTC) Financials

$33.90 -0.76 (-2.19%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$33.84 -0.06 (-0.19%)

As of 05/6/2025 07:40 PM Eastern

Annual Income Statements for Semtech

This table shows Semtech's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/25/2015	1/31/2016	1/29/2017	1/28/2018	1/27/2019	1/26/2020	1/31/2021	1/30/2022	1/29/2023	1/28/2024	1/26/2025
Net Income / (Loss) Attributable to Common Shareholders	28	11	55	35	70	32	60	126	61	-1,092	-162
Consolidated Net Income / (Loss)	28	11	55	35	70	32	60	126	61	-1,092	-162
Net Income / (Loss) Continuing Operations	28	11	55	35	70	32	60	126	61	-1,092	-162
Total Pre-Tax Income	36	20	73	58	70	45	63	139	78	-1,042	-183
Total Operating Income	42	30	84	67	105	52	75	145	93	-944	50
Total Gross Profit	329	293	325	352	377	337	356	461	479	296	457
Total Revenue	558	490	544	588	627	548	595	741	757	869	909
Operating Revenue	558	490	544	588	627	548	595	741	757	869	909
Total Cost of Revenue	229	197	219	236	250	211	239	280	278	573	453
Operating Cost of Revenue	229	197	219	236	250	211	239	280	278	573	453
Total Operating Expenses	287	263	241	285	272	285	281	316	386	1,241	407
Selling, General & Admin Expense	127	141	139	148	145	163	163	168	225	220	222
Research & Development Expense	119	114	103	105	109	107	118	148	167	186	171
Amortization Expense	26	25	25	28	27	17	0.59	0.00	0.82	15	0.88
Other Operating Expenses / (Income)	0.00	0.00	-26	0.38	-	-	0.00	0.00	-18	0.00	0.00
Impairment Charge	12	-	-	-	-	-	-	0.00	0.00	795	7.49
Restructuring Charge	1.29	-	-	-	-	-	-	0.00	11	24	4.94
Total Other Income / (Expense), net	-5.76	-9.62	-11	-8.87	-35	-7.42	-12	-5.95	-14	-97	-233
Interest Expense	5.93	7.82	9.30	-	9.20	9.11	5.34	5.09	18	96	235
Interest & Investment Income	-	-	0.00	-12	-30	-1.21	-4.23	0.13	4.65	-0.88	1.19
Other Income / (Expense), net	0.17	-1.80	-1.72	3.35	3.82	2.89	-2.41	-0.99	-1.33	-0.54	0.27
Income Tax Expense	8.55	8.88	18	23	0.36	13	3.44	16	17	51	-22
Other Gains / (Losses), net	-	0.00	0.00	-0.25	-0.13	0.11	0.33	2.12	0.25	0.05	-0.55
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	0.00	0.00	-0.01	-0.04	-0.02	-0.01	0.00	0.00
Basic Earnings per Share	$0.42	$0.18	$0.84	$0.52	$1.06	$0.48	$0.92	$1.94	$0.96	($17.03)	($2.26)
Weighted Average Basic Shares Outstanding	67.11M	65.66M	65.43M	66.03M	65.98M	66.26M	65.21M	64.66M	63.77M	64.13M	71.61M
Diluted Earnings per Share	$0.41	$0.17	$0.83	$0.51	$1.02	$0.47	$0.91	$1.92	$0.96	($17.03)	($2.26)
Weighted Average Diluted Shares Outstanding	67.69M	65.96M	66.11M	67.61M	68.48M	67.42M	66.06M	65.57M	64.01M	64.13M	71.61M
Weighted Average Basic & Diluted Shares Outstanding	66.50M	63.90M	65.10M	66.20M	700.60M	65.80M	65.24M	64.11M	63.87M	64.56M	86.50M

This table shows Semtech's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/31/2022	10/30/2022	1/29/2023	4/30/2023	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024	1/26/2025
Net Income / (Loss) Attributable to Common Shareholders	52	23	-51	-29	-382	-38	-642	-23	-170	-7.59	39
Consolidated Net Income / (Loss)	52	23	-51	-29	-382	-38	-642	-23	-170	-7.59	39
Net Income / (Loss) Continuing Operations	52	23	-51	-29	-382	-38	-642	-23	-170	-7.59	39
Total Pre-Tax Income	63	29	-60	-32	-325	-39	-646	-20	-166	-3.57	6.54
Total Operating Income	64	37	-56	-12	-300	-12	-620	3.14	7.77	18	21
Total Gross Profit	135	115	100	103	101	93	-0.39	100	105	121	131
Total Revenue	209	178	168	237	238	201	193	206	215	237	251
Operating Revenue	209	178	168	237	238	201	193	206	215	237	251
Total Cost of Revenue	74	63	67	134	138	108	193	107	110	116	120
Operating Cost of Revenue	74	63	67	134	138	108	193	107	110	116	120
Total Operating Expenses	71	77	156	115	401	105	620	96	98	103	109
Selling, General & Admin Expense	48	40	93	58	60	48	55	52	56	60	55
Research & Development Expense	41	35	53	51	47	47	42	42	40	43	47
Amortization Expense	0.00	0.00	0.82	4.88	4.87	4.85	0.31	0.31	0.28	0.15	0.15
Restructuring Charge	-	2.24	-	1.56	9.40	3.65	9.17	2.27	1.54	0.70	0.44
Total Other Income / (Expense), net	-0.71	-8.26	-4.41	-20	-25	-26	-26	-23	-174	-21	-15
Interest & Investment Income	-0.28	-8.20	13	-19	-24	-30	72	-24	-28	-20	73
Other Income / (Expense), net	-0.43	-0.06	-0.74	-0.47	-1.57	3.54	-2.05	0.40	-1.02	-1.07	1.95
Income Tax Expense	12	6.33	-9.07	-2.42	57	-0.31	-3.35	2.96	4.22	4.01	-33
Other Gains / (Losses), net	0.28	-0.04	-0.02	-0.01	-0.01	-0.01	0.08	0.05	0.00	-0.01	-0.59
Basic Earnings per Share	$0.81	$0.36	($0.80)	($0.46)	($5.97)	($0.60)	($10.00)	($0.36)	($2.61)	($0.10)	$0.81
Weighted Average Basic Shares Outstanding	63.50M	63.76M	63.77M	63.92M	64.01M	64.22M	64.13M	64.51M	65.28M	75.32M	71.61M
Diluted Earnings per Share	$0.81	$0.36	($0.80)	($0.46)	($5.97)	($0.60)	($10.00)	($0.36)	($2.61)	($0.10)	$0.81
Weighted Average Diluted Shares Outstanding	63.98M	63.86M	64.01M	63.92M	64.01M	64.22M	64.13M	64.51M	65.28M	75.32M	71.61M
Weighted Average Basic & Diluted Shares Outstanding	63.52M	63.84M	63.87M	63.96M	64.17M	64.28M	64.56M	64.65M	75.23M	75.68M	86.50M

This table details how cash moves in and out of Semtech's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/25/2015	1/31/2016	1/29/2017	1/28/2018	1/27/2019	1/26/2020	1/31/2021	1/30/2022	1/29/2023	1/28/2024	1/26/2025
Net Change in Cash & Equivalents	-13	-19	85	11	4.20	-19	-24	11	-44	-107	23
Net Cash From Operating Activities	106	102	118	111	184	119	119	203	127	-94	58
Net Cash From Continuing Operating Activities	106	102	118	111	184	119	119	203	127	-94	58
Net Income / (Loss) Continuing Operations	28	11	55	35	70	32	60	126	61	-1,092	-162
Consolidated Net Income / (Loss)	28	11	55	35	70	32	60	126	61	-1,092	-162
Depreciation Expense	55	49	47	49	50	40	32	31	32	78	43
Amortization Expense	1.08	1.47	0.62	0.57	0.53	4.50	4.47	4.89	6.16	17	14
Non-Cash Adjustments To Reconcile Net Income	44	20	5.89	51	96	54	59	50	22	939	230
Changes in Operating Assets and Liabilities, net	-21	20	9.39	-23	-32	-12	-37	-8.66	5.13	-36	-68
Net Cash From Investing Activities	-41	-67	-14	-66	-36	-34	-43	-40	-1,247	-23	-12
Net Cash From Continuing Investing Activities	-41	-67	-14	-66	-36	-34	-43	-40	-1,247	-23	-12
Purchase of Property, Plant & Equipment	-32	-13	-33	-35	-17	-23	-33	-26	-28	-29	-7.86
Acquisitions	-5.95	-39	0.00	-18	-16	0.00	0.00	0.00	-1,241	-1.92	-6.34
Purchase of Investments	-7.15	-15	-13	-19	-9.30	-12	-11	-8.25	-6.75	-0.93	-0.43
Sale of Property, Plant & Equipment	0.09	0.00	0.05	0.19	0.11	0.35	0.39	0.11	0.04	0.41	0.10
Divestitures	0.00	0.00	32	-	-	-	0.00	0.00	26	0.00	0.00
Sale and/or Maturity of Investments	3.67	0.00	0.56	5.70	5.97	0.00	0.38	0.00	2.28	0.00	2.65
Other Investing Activities, net	-	-	-	-	-	0.00	0.00	-6.00	0.00	8.92	0.00
Net Cash From Financing Activities	-78	-54	-19	-35	-143	-103	-100	-152	1,077	11	-22
Net Cash From Continuing Financing Activities	-78	-54	-19	-35	-143	-103	-100	-152	1,077	11	-22
Repayment of Debt	-44	-31	-262	-15	-16	-216	-16	-28	-55	-303	-725
Repurchase of Common Equity	-41	-57	-1.01	-15	-116	-70	-71	-130	-50	0.00	0.00
Payment of Dividends	-	-	-	-	-	-	-	-	0.00	0.00	-0.18
Issuance of Debt	5.00	35	245	0.00	0.00	199	0.00	20	1,225	320	68
Issuance of Common Equity	-	-	-	0.00	0.00	0.25	0.00	0.00	43	0.00	641
Other Financing Activities, net	1.72	-0.71	-0.78	-4.99	-11	-16	-13	-14	-86	-6.71	-4.91
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	0.00	0.00	-0.86	-1.28
Cash Interest Paid	5.44	5.73	6.49	6.34	8.59	7.91	4.88	4.30	12	84	72
Cash Income Taxes Paid	4.40	7.92	11	31	7.74	11	8.41	3.33	10	20	7.98

This table details how cash moves in and out of Semtech's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/31/2022	10/30/2022	1/29/2023	4/30/2023	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024	1/26/2025
Net Change in Cash & Equivalents	87	256	-382	-71	-16	-24	4.77	-1.81	-11	21	15
Net Cash From Operating Activities	77	18	-19	-90	-12	-5.85	14	-0.09	-5.00	30	33
Net Cash From Continuing Operating Activities	77	18	-19	-90	-12	-5.85	14	-0.09	-5.00	30	33
Net Income / (Loss) Continuing Operations	52	23	-51	-29	-382	-38	-642	-23	-170	-7.59	39
Consolidated Net Income / (Loss)	52	23	-51	-29	-382	-38	-642	-23	-170	-7.59	39
Depreciation Expense	7.33	7.32	9.83	25	22	23	8.86	11	13	10	10
Amortization Expense	1.28	1.45	2.17	3.05	6.65	3.51	3.91	3.81	4.14	3.41	2.79
Non-Cash Adjustments To Reconcile Net Income	-5.45	2.87	14	8.46	294	14	623	16	166	18	30
Changes in Operating Assets and Liabilities, net	23	-16	6.65	-97	47	-7.88	21	-7.32	-18	5.16	-48
Net Cash From Investing Activities	21	-11	-1,247	-14	-5.17	-6.69	3.57	1.79	-4.46	-1.41	-7.80
Net Cash From Continuing Investing Activities	21	-11	-1,247	-14	-5.17	-6.69	3.57	1.79	-4.46	-1.41	-7.80
Purchase of Property, Plant & Equipment	-7.27	-7.06	-5.68	-14	-6.92	-6.58	-1.71	-1.33	-3.41	-0.48	-2.63
Acquisitions	-	-	-1,241	0.00	-0.29	-0.48	-1.14	-1.33	-3.69	-0.93	-0.39
Sale of Property, Plant & Equipment	-	0.03	0.01	-	-	0.37	0.00	-	-	-	0.02
Other Investing Activities, net	-	-	-	0.00	2.50	-	6.42	1.80	3.00	-	-4.80
Net Cash From Financing Activities	-11	248	883	34	1.00	-10	-14	-3.20	-1.35	-7.51	-9.60
Net Cash From Continuing Financing Activities	-11	248	883	34	1.00	-10	-14	-3.20	-1.35	-7.51	-9.60
Repayment of Debt	-10	-33	-12	-4.67	-18	-267	-13	-0.82	-	-5.00	-720
Issuance of Debt	-	320	895	40	20	260	-	0.00	-	-	68
Other Financing Activities, net	-0.84	-81	-0.42	-1.61	-0.81	-3.06	-1.24	-2.19	-1.35	-2.51	1.14
Effect of Exchange Rate Changes	-	-	-	-0.65	-0.11	-1.17	1.06	-0.31	-0.04	-0.08	-0.85
Cash Interest Paid	0.94	8.34	1.48	17	24	23	20	17	25	18	12
Cash Income Taxes Paid	2.03	3.37	1.62	8.66	6.95	4.04	0.10	2.77	1.04	3.07	1.10

This table presents Semtech's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/25/2015	1/31/2016	1/29/2017	1/28/2018	1/27/2019	1/26/2020	1/31/2021	1/30/2022	1/29/2023	1/28/2024	1/26/2025
Total Assets	929	912	1,012	1,086	1,063	1,052	1,082	1,131	2,570	1,374	1,419
Total Current Assets	397	341	438	461	485	461	475	502	723	534	585
Cash & Equivalents	230	212	297	308	312	293	269	280	236	129	152
Accounts Receivable	69	44	51	53	79	62	70	72	162	134	163
Inventories, net	74	64	66	71	64	73	87	114	208	145	164
Current Deferred & Refundable Income Taxes	4.02	5.24	5.56	12	8.41	11	22	5.98	6.24	12	14
Other Current Assets	19	16	18	17	22	22	26	31	112	114	94
Plant, Property, & Equipment, net	115	101	109	125	118	124	131	135	169	154	126
Total Noncurrent Assets	417	469	464	500	459	467	476	494	1,678	686	708
Goodwill	280	330	330	342	351	351	351	351	1,282	541	533
Intangible Assets	102	88	62	60	37	20	12	6.80	215	36	33
Noncurrent Deferred & Refundable Income Taxes	0.11	7.35	5.49	4.24	14	20	25	28	64	18	41
Other Noncurrent Operating Assets	35	44	67	94	57	76	88	108	117	91	100
Total Liabilities & Shareholders' Equity	929	912	1,012	1,086	1,063	1,052	1,082	1,131	2,570	1,374	1,419
Total Liabilities	378	383	406	421	380	375	383	393	1,814	1,681	877
Total Current Liabilities	108	104	123	126	130	99	110	128	397	217	283
Short-Term Debt	19	19	14	15	18	-	-	0.00	43	0.00	46
Accounts Payable	32	35	42	37	43	48	50	51	101	45	59
Accrued Expenses	50	41	55	61	68	51	59	78	253	172	178
Total Noncurrent Liabilities	270	280	283	295	250	277	274	265	1,417	1,464	594
Long-Term Debt	235	239	227	211	193	195	179	172	1,297	1,371	506
Noncurrent Deferred & Payable Income Tax Liabilities	2.48	6.80	6.88	15	3.36	3.60	0.98	1.13	5.07	0.83	0.75
Other Noncurrent Operating Liabilities	33	34	50	69	54	78	93	92	115	92	87
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	551	528	605	665	683	677	699	738	756	-307	542
Total Preferred & Common Equity	551	528	605	665	683	677	699	738	756	-307	542
Total Common Equity	551	528	605	665	683	677	699	738	756	-307	542
Common Stock	372	380	392	416	453	459	475	493	472	486	1,471
Retained Earnings	402	413	468	502	580	612	671	797	858	-234	-396
Treasury Stock	-223	-266	-253	-252	-346	-388	-439	-550	-578	-557	-521
Accumulated Other Comprehensive Income / (Loss)	0.16	0.65	-1.29	-1.20	-3.61	-6.17	-8.17	-2.08	3.36	-2.99	-12
Noncontrolling Interest	-	-	-	-	0.00	0.25	0.21	0.19	0.18	0.18	0.00

This table presents Semtech's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/31/2021	5/1/2022	7/31/2022	10/30/2022	4/30/2023	7/30/2023	10/29/2023	4/28/2024	7/28/2024	10/27/2024
Total Assets	1,121	1,116	1,200	1,467	2,500	2,119	2,038	1,377	1,368	1,379
Total Current Assets	496	495	577	835	664	630	572	539	542	558
Cash & Equivalents	277	275	362	618	164	148	124	127	116	137
Accounts Receivable	74	66	71	81	145	159	157	154	153	142
Inventories, net	105	107	108	111	213	180	161	149	156	163
Current Deferred & Refundable Income Taxes	12	2.44	2.30	2.76	12	7.67	10	10	15	7.80
Other Current Assets	29	45	34	23	130	135	121	100	101	108
Plant, Property, & Equipment, net	131	134	134	136	165	161	159	147	140	133
Total Noncurrent Assets	494	487	489	496	1,670	1,327	1,307	690	687	688
Goodwill	351	350	350	350	1,289	1,017	1,014	541	541	541
Intangible Assets	7.85	5.76	4.71	3.71	199	183	168	35	35	37
Noncurrent Deferred & Refundable Income Taxes	27	26	27	25	67	14	14	15	18	19
Other Noncurrent Operating Assets	108	105	107	117	115	112	111	99	92	91
Total Liabilities & Shareholders' Equity	1,121	1,116	1,200	1,467	2,500	2,119	2,038	1,377	1,368	1,379
Total Liabilities	403	381	401	674	1,767	1,752	1,704	1,690	1,509	1,519
Total Current Liabilities	124	110	140	140	310	321	239	225	225	235
Accounts Payable	46	48	54	45	74	52	55	65	76	64
Accrued Expenses	77	61	86	95	193	216	184	160	149	172
Total Noncurrent Liabilities	279	270	261	534	1,457	1,431	1,465	1,465	1,285	1,283
Long-Term Debt	176	182	172	455	1,337	1,331	1,374	1,373	1,193	1,190
Noncurrent Deferred & Payable Income Tax Liabilities	1.13	1.07	1.16	1.08	4.71	4.76	4.53	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	102	87	88	78	116	95	87	91	92	93
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	718	735	799	793	733	367	334	-313	-141	-140
Total Preferred & Common Equity	718	735	799	792	733	367	334	-313	-141	-140
Total Common Equity	718	735	799	792	733	367	334	-313	-141	-140
Common Stock	483	497	507	463	479	487	481	491	837	838
Retained Earnings	762	835	887	909	829	447	409	-257	-427	-435
Treasury Stock	-520	-596	-594	-579	-575	-573	-561	-553	-549	-536
Accumulated Other Comprehensive Income / (Loss)	-6.80	-0.68	-0.16	-0.57	0.74	5.85	5.46	5.21	-2.73	-6.20
Noncontrolling Interest	0.20	0.19	0.19	0.19	0.18	0.18	0.18	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Semtech's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/25/2015	1/31/2016	1/29/2017	1/28/2018	1/27/2019	1/26/2020	1/31/2021	1/30/2022	1/29/2023	1/28/2024	1/26/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.23%	-12.13%	11.03%	8.01%	6.69%	-12.70%	8.69%	24.49%	2.12%	14.83%	4.67%
EBITDA Growth	903.98%	-19.84%	65.44%	-8.08%	33.42%	-37.71%	9.60%	65.14%	-27.82%	-754.77%	112.69%
EBIT Growth	138.46%	-33.53%	192.08%	-15.04%	56.24%	-49.78%	32.14%	98.54%	-36.49%	-1,133.00%	105.31%
NOPAT Growth	142.44%	-47.70%	271.70%	-36.00%	160.72%	-64.71%	91.29%	81.77%	-43.88%	-1,014.44%	105.29%
Net Income Growth	116.99%	-58.86%	375.44%	-36.61%	100.98%	-54.24%	87.87%	109.87%	-51.15%	-1,879.36%	85.17%
EPS Growth	116.80%	-58.54%	388.24%	-38.55%	100.00%	-53.92%	93.62%	110.99%	-50.00%	-1,873.96%	86.73%
Operating Cash Flow Growth	-10.02%	-3.85%	15.22%	-5.21%	64.65%	-35.38%	0.26%	70.79%	-37.62%	-174.12%	161.74%
Free Cash Flow Firm Growth	-70.68%	-55.55%	408.73%	-93.47%	1,767.03%	-62.62%	0.57%	169.02%	-1,170.46%	122.82%	-89.43%
Invested Capital Growth	-1.11%	-0.06%	-4.34%	6.29%	-0.35%	-0.51%	5.30%	3.38%	195.40%	-49.74%	0.75%
Revenue Q/Q Growth	0.70%	-2.35%	4.10%	0.10%	3.19%	-3.86%	4.69%	3.62%	-2.96%	3.02%	6.82%
EBITDA Q/Q Growth	597.02%	14.42%	9.06%	-1.82%	17.92%	-19.54%	9.83%	11.26%	-42.60%	-198.23%	120.06%
EBIT Q/Q Growth	138.14%	125.40%	16.95%	-5.25%	29.87%	-31.73%	19.40%	16.61%	-51.95%	-149.14%	108.44%
NOPAT Q/Q Growth	141.76%	232.52%	14.02%	-24.85%	22.46%	-29.06%	22.28%	16.78%	-53.81%	-148.49%	108.45%
Net Income Q/Q Growth	116.69%	321.44%	14.14%	-24.25%	49.31%	-34.78%	26.93%	17.99%	-58.30%	-118.11%	80.80%
EPS Q/Q Growth	116.53%	342.86%	15.28%	-26.09%	52.24%	-34.72%	28.17%	17.79%	-58.08%	-117.50%	82.71%
Operating Cash Flow Q/Q Growth	-15.16%	28.81%	-1.29%	5.41%	4.89%	-1.61%	-13.15%	13.23%	-35.51%	25.84%	50.97%
Free Cash Flow Firm Q/Q Growth	-74.19%	177.57%	-18.84%	140.22%	15.05%	-11.62%	-37.00%	19.74%	-904.76%	121.66%	-89.09%
Invested Capital Q/Q Growth	-0.87%	-2.53%	2.47%	-3.32%	-2.48%	-4.10%	1.98%	2.02%	195.38%	-40.97%	3.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.94%	59.79%	59.69%	59.87%	60.11%	61.49%	59.80%	62.24%	63.26%	34.10%	50.21%
EBITDA Margin	17.58%	16.03%	23.89%	20.33%	25.43%	18.15%	18.30%	24.27%	17.15%	-97.82%	11.86%
Operating Margin	7.57%	6.12%	15.45%	11.33%	16.82%	9.50%	12.60%	19.57%	12.27%	-108.70%	5.49%
EBIT Margin	7.60%	5.75%	15.13%	11.90%	17.43%	10.03%	12.19%	19.44%	12.09%	-108.76%	5.52%
Profit (Net Income) Margin	5.01%	2.35%	10.04%	5.89%	11.10%	5.82%	10.06%	16.96%	8.11%	-125.70%	-17.80%
Tax Burden Percent	76.58%	56.42%	74.82%	59.99%	99.31%	71.47%	95.06%	90.35%	78.21%	104.85%	88.29%
Interest Burden Percent	86.03%	72.27%	88.71%	82.55%	64.14%	81.21%	86.81%	96.56%	85.79%	110.23%	-365.25%
Effective Tax Rate	23.42%	43.58%	25.18%	39.57%	0.51%	28.77%	5.46%	11.17%	22.10%	0.00%	0.00%
Return on Invested Capital (ROIC)	5.60%	2.95%	11.20%	7.11%	18.02%	6.39%	11.93%	20.79%	5.81%	-47.29%	3.72%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.39%	-12.81%	172.22%	15.27%	56.75%	11.58%	23.61%	24.00%	3.61%	-84.01%	-20.25%
Return on Net Nonoperating Assets (RNNOA)	-0.46%	-0.82%	-1.56%	-1.65%	-7.68%	-1.70%	-3.23%	-3.30%	2.41%	-439.37%	-141.40%
Return on Equity (ROE)	5.14%	2.13%	9.65%	5.46%	10.34%	4.69%	8.70%	17.49%	8.22%	-486.66%	-137.68%
Cash Return on Invested Capital (CROIC)	6.72%	3.01%	15.64%	1.01%	18.37%	6.90%	6.77%	17.47%	-93.03%	18.91%	2.98%
Operating Return on Assets (OROA)	4.52%	3.06%	8.57%	6.67%	10.18%	5.19%	6.80%	13.02%	4.94%	-47.92%	3.59%
Return on Assets (ROA)	2.98%	1.25%	5.68%	3.30%	6.48%	3.01%	5.61%	11.36%	3.32%	-55.39%	-11.59%
Return on Common Equity (ROCE)	5.14%	2.13%	9.65%	5.46%	10.34%	4.69%	8.70%	17.49%	8.21%	-486.26%	-137.57%
Return on Equity Simple (ROE_SIMPLE)	5.07%	2.18%	9.03%	5.21%	10.20%	4.71%	8.57%	17.03%	8.12%	355.21%	-29.85%
Net Operating Profit after Tax (NOPAT)	32	17	63	40	105	37	71	129	72	-661	35
NOPAT Margin	5.80%	3.45%	11.56%	6.85%	16.74%	6.77%	11.91%	17.39%	9.56%	-76.09%	3.84%
Net Nonoperating Expense Percent (NNEP)	12.99%	15.75%	-161.01%	-8.16%	-38.73%	-5.19%	-11.68%	-3.21%	2.19%	36.73%	23.97%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	3.45%	-62.14%	3.20%
Cost of Revenue to Revenue	41.06%	40.21%	40.31%	40.13%	39.89%	38.51%	40.20%	37.76%	36.74%	65.90%	49.79%
SG&A Expenses to Revenue	22.79%	28.70%	25.49%	25.20%	23.16%	29.79%	27.36%	22.70%	29.72%	25.35%	24.46%
R&D to Revenue	21.40%	23.20%	18.83%	17.87%	17.39%	19.61%	19.75%	19.97%	22.07%	21.46%	18.80%
Operating Expenses to Revenue	51.36%	53.67%	44.24%	48.54%	43.29%	51.99%	47.20%	42.67%	50.99%	142.80%	44.72%
Earnings before Interest and Taxes (EBIT)	42	28	82	70	109	55	73	144	91	-945	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	98	79	130	120	159	99	109	180	130	-850	108
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.28	2.47	3.65	3.64	4.80	5.14	6.60	5.93	2.80	0.00	10.19
Price to Tangible Book Value (P/TBV)	10.66	11.87	10.35	9.20	11.11	11.38	13.73	11.51	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.24	2.66	4.06	4.11	5.22	6.35	7.75	5.90	2.80	1.52	6.08
Price to Earnings (P/E)	64.66	113.46	40.47	69.81	47.03	109.17	76.99	34.78	34.48	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.55%	0.88%	2.47%	1.43%	2.13%	0.92%	1.30%	2.88%	2.90%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.19	2.35	3.93	4.01	5.46	5.84	7.42	6.77	1.73	2.74	6.29
Enterprise Value to Revenue (EV/Rev)	3.28	2.75	3.96	3.98	5.06	6.18	7.60	5.75	4.26	2.95	6.52
Enterprise Value to EBITDA (EV/EBITDA)	18.66	17.18	16.58	19.55	19.90	34.03	41.53	23.71	24.82	0.00	54.95
Enterprise Value to EBIT (EV/EBIT)	43.14	47.89	26.18	33.41	29.04	61.58	62.34	29.60	35.21	0.00	118.05
Enterprise Value to NOPAT (EV/NOPAT)	56.55	79.79	34.27	58.06	30.24	91.27	63.82	33.09	44.56	0.00	169.54
Enterprise Value to Operating Cash Flow (EV/OCF)	17.24	13.23	18.33	20.97	17.29	28.50	38.03	20.99	25.42	0.00	102.20
Enterprise Value to Free Cash Flow (EV/FCFF)	47.12	78.24	24.55	407.83	29.67	84.52	112.42	39.39	0.00	9.71	212.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.49	0.40	0.34	0.31	0.29	0.26	0.23	1.77	-4.46	1.02
Long-Term Debt to Equity	0.43	0.45	0.37	0.32	0.28	0.29	0.26	0.23	1.72	-4.46	0.93
Financial Leverage	0.06	0.06	-0.01	-0.11	-0.14	-0.15	-0.14	-0.14	0.67	5.23	6.98
Leverage Ratio	1.73	1.71	1.70	1.65	1.59	1.56	1.55	1.54	2.48	8.79	11.88
Compound Leverage Factor	1.49	1.23	1.51	1.36	1.02	1.26	1.35	1.49	2.13	9.69	-43.38
Debt to Total Capital	31.48%	32.80%	28.47%	25.41%	23.62%	22.33%	20.41%	18.88%	63.93%	128.88%	50.42%
Short-Term Debt to Total Capital	2.31%	2.36%	1.71%	1.73%	2.04%	0.00%	0.00%	0.00%	2.06%	0.00%	4.17%
Long-Term Debt to Total Capital	29.17%	30.44%	26.77%	23.68%	21.58%	22.33%	20.41%	18.88%	61.88%	128.88%	46.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.02%	0.02%	0.01%	0.02%	0.00%
Common Equity to Total Capital	68.52%	67.20%	71.53%	74.59%	76.38%	77.64%	79.57%	81.10%	36.06%	-28.90%	49.58%
Debt to EBITDA	2.58	3.28	1.85	1.90	1.32	1.96	1.65	0.95	10.33	-1.61	5.11
Net Debt to EBITDA	0.23	0.58	-0.43	-0.68	-0.63	-0.99	-0.82	-0.60	8.51	-1.46	3.71
Long-Term Debt to EBITDA	2.39	3.04	1.74	1.77	1.21	1.96	1.65	0.95	9.99	-1.61	4.69
Debt to NOPAT	7.83	15.23	3.83	5.63	2.01	5.26	2.53	1.33	18.54	-2.07	15.78
Net Debt to NOPAT	0.71	2.71	-0.89	-2.02	-0.96	-2.66	-1.27	-0.84	15.28	-1.88	11.44
Long-Term Debt to NOPAT	7.25	14.13	3.60	5.24	1.84	5.26	2.53	1.33	17.94	-2.07	14.47
Altman Z-Score	4.60	3.63	5.10	5.22	7.26	7.48	9.27	9.13	1.73	-1.13	4.40
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.03%	0.03%	0.03%	0.08%	0.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.67	3.28	3.57	3.65	3.74	4.67	4.33	3.91	1.82	2.46	2.07
Quick Ratio	2.77	2.46	2.83	2.86	3.01	3.60	3.10	2.73	1.00	1.21	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	39	17	88	5.73	107	40	40	108	-1,158	264	28
Operating Cash Flow to CapEx	335.25%	783.63%	357.79%	316.07%	1,083.61%	522.45%	367.65%	779.11%	447.98%	-326.39%	746.87%
Free Cash Flow to Firm to Interest Expense	6.55	2.21	9.44	0.00	11.63	4.39	7.54	21.26	-65.65	2.76	0.12
Operating Cash Flow to Interest Expense	17.91	13.05	12.65	0.00	19.95	13.03	22.29	39.90	7.18	-0.98	0.25
Operating Cash Flow Less CapEx to Interest Expense	12.57	11.39	9.11	0.00	18.11	10.53	16.23	34.78	5.58	-1.28	0.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.53	0.57	0.56	0.58	0.52	0.56	0.67	0.41	0.44	0.65
Accounts Receivable Turnover	8.23	8.64	11.39	11.24	9.47	7.76	8.99	10.44	6.49	5.87	6.13
Inventory Turnover	3.42	2.87	3.38	3.45	3.71	3.08	2.98	2.78	1.73	3.25	2.93
Fixed Asset Turnover	4.95	4.53	5.19	5.04	5.16	4.51	4.66	5.57	4.97	5.38	6.50
Accounts Payable Turnover	6.32	5.80	5.67	5.96	6.22	4.62	4.87	5.55	3.67	7.86	8.68
Days Sales Outstanding (DSO)	44.37	42.23	32.05	32.48	38.53	47.05	40.59	34.96	56.26	62.18	59.58
Days Inventory Outstanding (DIO)	106.70	127.35	107.92	105.95	98.30	118.32	122.44	131.46	211.21	112.43	124.39
Days Payable Outstanding (DPO)	57.73	62.90	64.42	61.25	58.64	78.94	74.91	65.82	99.38	46.45	42.04
Cash Conversion Cycle (CCC)	93.34	106.68	75.55	77.18	78.18	86.43	88.12	100.61	168.09	128.16	141.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	574	574	549	584	582	579	609	630	1,861	935	942
Invested Capital Turnover	0.97	0.85	0.97	1.04	1.08	0.94	1.00	1.20	0.61	0.62	0.97
Increase / (Decrease) in Invested Capital	-6.47	-0.34	-25	35	-2.04	-2.96	31	21	1,231	-925	7.01
Enterprise Value (EV)	1,830	1,350	2,156	2,337	3,174	3,381	4,522	4,263	3,221	2,566	5,926
Market Capitalization	1,807	1,305	2,212	2,419	3,275	3,479	4,612	4,371	2,116	1,324	5,526
Book Value per Share	$8.26	$8.14	$9.22	$10.02	$10.37	$10.22	$10.75	$11.45	$11.84	($4.78)	$7.17
Tangible Book Value per Share	$2.54	$1.69	$3.26	$3.96	$4.48	$4.62	$5.17	$5.89	($11.61)	($13.75)	($0.31)
Total Capital	805	786	846	892	894	872	878	909	2,096	1,064	1,094
Total Debt	253	258	241	227	211	195	179	172	1,340	1,371	552
Total Long-Term Debt	235	239	227	211	193	195	179	172	1,297	1,371	506
Net Debt	23	46	-56	-81	-101	-99	-90	-108	1,105	1,242	400
Capital Expenditures (CapEx)	32	13	33	35	17	23	32	26	28	29	7.76
Debt-free, Cash-free Net Working Capital (DFCFNWC)	77	44	33	43	62	69	96	94	134	188	196
Debt-free Net Working Capital (DFNWC)	307	256	330	350	374	362	365	374	369	317	348
Net Working Capital (NWC)	289	237	315	335	355	362	365	374	326	317	302
Net Nonoperating Expense (NNE)	4.41	5.43	8.25	5.61	35	5.18	11	3.17	11	431	197
Net Nonoperating Obligations (NNO)	23	46	-56	-81	-101	-99	-90	-108	1,105	1,242	400
Total Depreciation and Amortization (D&A)	56	50	48	50	50	44	36	36	38	95	58
Debt-free, Cash-free Net Working Capital to Revenue	13.78%	8.99%	6.02%	7.23%	9.81%	12.56%	16.18%	12.73%	17.65%	21.69%	21.59%
Debt-free Net Working Capital to Revenue	55.06%	52.20%	60.61%	59.61%	59.58%	66.13%	61.36%	50.47%	48.78%	36.49%	38.27%
Net Working Capital to Revenue	51.74%	48.41%	57.96%	56.99%	56.66%	66.13%	61.36%	50.47%	43.08%	36.49%	33.26%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.42	$0.18	$0.84	$0.55	$0.96	$0.48	$0.92	$1.94	$0.96	($17.03)	($2.26)
Adjusted Weighted Average Basic Shares Outstanding	67.11M	65.66M	65.43M	66.03M	65.98M	66.26M	65.21M	64.66M	63.77M	64.13M	71.61M
Adjusted Diluted Earnings per Share	$0.41	$0.17	$0.83	$0.54	$0.92	$0.47	$0.91	$1.92	$0.96	($17.03)	($2.26)
Adjusted Weighted Average Diluted Shares Outstanding	67.69M	65.96M	66.11M	67.61M	68.48M	67.42M	66.06M	65.57M	64.01M	64.13M	71.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	67.82M	65.21M	65.97M	66.52M	66.60M	65.80M	65.24M	64.11M	63.87M	64.56M	86.50M
Normalized Net Operating Profit after Tax (NOPAT)	43	7.69	63	43	96	35	71	129	81	-88	44
Normalized NOPAT Margin	7.76%	1.57%	11.53%	7.25%	15.24%	6.46%	11.90%	17.39%	10.74%	-10.10%	4.80%
Pre Tax Income Margin	6.54%	4.16%	13.42%	9.83%	11.18%	8.14%	10.58%	18.77%	10.37%	-119.89%	-20.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.16	3.61	8.86	0.00	11.88	6.03	13.60	28.29	5.18	-9.86	0.21
NOPAT to Interest Expense	5.46	2.16	6.76	0.00	11.41	4.07	13.28	25.30	4.10	-6.90	0.15
EBIT Less CapEx to Interest Expense	1.81	1.94	5.32	0.00	10.04	3.54	7.53	23.17	3.58	-10.16	0.18
NOPAT Less CapEx to Interest Expense	0.12	0.50	3.23	0.00	9.57	1.57	7.22	20.18	2.49	-7.20	0.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.11%
Augmented Payout Ratio	146.37%	498.49%	1.84%	42.86%	166.87%	220.36%	119.32%	103.26%	81.47%	0.00%	-0.11%

This table displays calculated financial ratios and metrics derived from Semtech's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/31/2022	10/30/2022	1/29/2023	4/30/2023	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024	1/26/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.11%	-8.88%	-12.09%	17.01%	13.92%	13.11%	15.18%	-12.87%	-9.66%	17.88%	30.09%
EBITDA Growth	58.89%	0.16%	-185.48%	-72.76%	-477.99%	-62.64%	-1,272.27%	17.33%	108.59%	75.77%	105.95%
EBIT Growth	74.72%	-0.02%	-232.71%	-126.31%	-574.28%	-123.67%	-1,002.96%	128.68%	102.24%	289.25%	103.73%
NOPAT Growth	54.53%	-14.72%	-207.26%	-121.42%	-504.89%	-129.61%	-1,013.85%	126.46%	102.59%	243.74%	129.73%
Net Income Growth	56.68%	-33.93%	-246.63%	-177.32%	-840.37%	-268.19%	-1,159.15%	21.27%	55.42%	80.17%	106.09%
EPS Growth	62.00%	-32.08%	-250.94%	-177.97%	-837.04%	-266.67%	-1,150.00%	21.74%	56.28%	83.33%	108.10%
Operating Cash Flow Growth	45.77%	-72.68%	-136.87%	-279.79%	-115.53%	-132.16%	174.04%	99.90%	58.39%	605.81%	140.65%
Free Cash Flow Firm Growth	1,503.38%	16.17%	-8,171.47%	-7,663.02%	-1,967.24%	-5,869.23%	138.70%	177.42%	155.87%	170.88%	-75.17%
Invested Capital Growth	-2.03%	2.03%	195.40%	202.99%	163.23%	151.50%	-49.74%	-52.09%	-41.63%	-42.30%	0.75%
Revenue Q/Q Growth	3.51%	-15.12%	-5.69%	41.21%	0.77%	-15.72%	-3.96%	6.82%	4.49%	9.97%	5.99%
EBITDA Q/Q Growth	29.24%	-36.19%	-196.35%	134.28%	-1,893.70%	106.31%	-3,638.54%	102.93%	31.36%	29.01%	19.85%
EBIT Q/Q Growth	35.48%	-41.35%	-251.17%	78.10%	-2,342.12%	97.07%	-6,943.43%	100.57%	90.60%	147.49%	38.77%
NOPAT Q/Q Growth	33.67%	-43.63%	-233.22%	78.66%	-2,426.17%	95.88%	-4,910.59%	100.51%	147.15%	128.95%	936.47%
Net Income Q/Q Growth	35.61%	-55.92%	-324.31%	42.34%	-1,198.58%	89.99%	-1,579.28%	96.39%	-635.33%	95.55%	616.00%
EPS Q/Q Growth	37.29%	-55.56%	-322.22%	42.50%	-1,197.83%	89.95%	-1,566.67%	96.40%	-625.00%	96.17%	910.00%
Operating Cash Flow Q/Q Growth	54.40%	-76.47%	-203.40%	-378.68%	86.66%	51.30%	338.05%	-100.64%	-5,512.36%	692.09%	13.26%
Free Cash Flow Firm Q/Q Growth	271.19%	-74.11%	-7,706.76%	-3.46%	8.36%	20.01%	151.03%	106.95%	-33.87%	1.49%	-82.12%
Invested Capital Q/Q Growth	-5.32%	3.47%	195.38%	4.72%	-17.75%	-1.15%	-40.97%	-0.18%	0.21%	-2.29%	3.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	64.41%	64.50%	59.71%	43.52%	42.26%	46.28%	-0.20%	48.32%	48.97%	51.08%	51.99%
EBITDA Margin	34.51%	25.94%	-26.50%	6.43%	-114.52%	8.57%	-315.75%	8.66%	10.89%	12.78%	14.45%
Operating Margin	30.60%	21.04%	-33.23%	-5.02%	-125.90%	-6.16%	-321.31%	1.53%	3.61%	7.51%	8.46%
EBIT Margin	30.40%	21.00%	-33.67%	-5.22%	-126.56%	-4.40%	-322.37%	1.72%	3.14%	7.06%	9.24%
Profit (Net Income) Margin	24.66%	12.80%	-30.45%	-12.44%	-160.26%	-19.04%	-332.92%	-11.24%	-79.08%	-3.20%	15.60%
Tax Burden Percent	81.47%	78.14%	84.93%	92.43%	117.40%	99.22%	99.47%	114.35%	102.54%	212.67%	598.62%
Interest Burden Percent	99.57%	78.02%	106.51%	257.65%	107.86%	436.55%	103.82%	-571.63%	-2,459.35%	-21.34%	28.20%
Effective Tax Rate	18.98%	21.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-507.57%
Return on Invested Capital (ROIC)	32.12%	20.58%	-14.13%	-2.15%	-65.36%	-3.28%	-139.78%	0.62%	1.62%	3.58%	49.80%
ROIC Less NNEP Spread (ROIC-NNEP)	32.33%	25.51%	-16.55%	-5.90%	-98.25%	-8.73%	-157.54%	-1.44%	-13.58%	1.84%	38.85%
Return on Net Nonoperating Assets (RNNOA)	-5.95%	-4.45%	-11.04%	-4.52%	-88.08%	-8.42%	-823.87%	-8.43%	-139.18%	21.80%	271.29%
Return on Equity (ROE)	26.17%	16.13%	-25.17%	-6.66%	-153.44%	-11.70%	-963.65%	-7.81%	-137.55%	25.38%	321.08%
Cash Return on Invested Capital (CROIC)	28.26%	23.08%	-93.03%	-130.90%	-110.79%	-110.23%	18.91%	25.28%	18.29%	20.51%	2.98%
Operating Return on Assets (OROA)	21.06%	12.65%	-13.77%	-2.28%	-62.55%	-2.12%	-142.04%	0.74%	1.47%	3.52%	6.02%
Return on Assets (ROA)	17.09%	7.71%	-12.45%	-5.44%	-79.20%	-9.16%	-146.69%	-4.86%	-36.98%	-1.60%	10.15%
Return on Common Equity (ROCE)	26.17%	16.13%	-25.17%	-6.66%	-153.40%	-11.70%	-962.87%	-7.81%	-137.44%	25.35%	320.83%
Return on Equity Simple (ROE_SIMPLE)	19.89%	18.57%	0.00%	-0.83%	-119.86%	-149.79%	0.00%	346.78%	617.99%	603.79%	0.00%
Net Operating Profit after Tax (NOPAT)	52	29	-39	-8.32	-210	-8.66	-434	2.20	5.44	12	129
NOPAT Margin	24.79%	16.47%	-23.26%	-3.52%	-88.13%	-4.31%	-224.92%	1.07%	2.52%	5.26%	51.41%
Net Nonoperating Expense Percent (NNEP)	-0.21%	-4.93%	2.42%	3.76%	32.89%	5.44%	17.76%	2.06%	15.20%	1.74%	10.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-1.86%	-	-	-	-40.79%	-	-	-	11.80%
Cost of Revenue to Revenue	35.59%	35.50%	40.30%	56.48%	57.74%	53.73%	100.20%	51.68%	51.03%	48.92%	48.01%
SG&A Expenses to Revenue	23.00%	22.65%	55.58%	24.43%	24.99%	23.72%	28.61%	25.36%	25.91%	25.24%	21.73%
R&D to Revenue	19.40%	19.74%	31.34%	21.39%	19.90%	23.35%	21.51%	20.19%	18.61%	17.97%	18.59%
Operating Expenses to Revenue	33.80%	43.46%	92.93%	48.54%	168.16%	52.43%	321.11%	46.80%	45.37%	43.57%	43.53%
Earnings before Interest and Taxes (EBIT)	64	37	-56	-12	-302	-8.83	-622	3.54	6.75	17	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	72	46	-44	15	-273	17	-609	18	23	30	36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.95	2.24	2.80	1.70	4.97	2.78	0.00	0.00	0.00	0.00	10.19
Price to Tangible Book Value (P/TBV)	8.91	4.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.97	2.28	2.80	1.57	2.22	1.10	1.52	2.75	2.46	4.02	6.08
Price to Earnings (P/E)	24.90	12.06	34.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.02%	8.29%	2.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.19	2.56	1.73	1.26	1.91	1.38	2.74	3.81	3.29	4.89	6.29
Enterprise Value to Revenue (EV/Rev)	4.73	2.07	4.26	3.11	3.73	2.59	2.95	4.24	3.78	5.26	6.52
Enterprise Value to EBITDA (EV/EBITDA)	16.66	7.13	24.82	27.60	0.00	0.00	0.00	0.00	0.00	0.00	54.95
Enterprise Value to EBIT (EV/EBIT)	19.79	8.47	35.21	76.49	0.00	0.00	0.00	0.00	0.00	0.00	118.05
Enterprise Value to NOPAT (EV/NOPAT)	23.36	10.30	44.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	169.54
Enterprise Value to Operating Cash Flow (EV/OCF)	15.38	8.20	25.42	0.00	0.00	0.00	0.00	0.00	1,030.97	116.49	102.20
Enterprise Value to Free Cash Flow (EV/FCFF)	21.67	11.20	0.00	0.00	0.00	0.00	9.71	9.76	13.27	17.46	212.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.57	1.77	1.88	3.77	4.11	-4.46	-4.39	-8.43	-8.52	1.02
Long-Term Debt to Equity	0.22	0.57	1.72	1.82	3.63	4.11	-4.46	-4.39	-8.43	-8.52	0.93
Financial Leverage	-0.18	-0.17	0.67	0.76	0.90	0.96	5.23	5.86	10.25	11.83	6.98
Leverage Ratio	1.53	1.71	2.48	2.46	2.85	3.11	8.79	9.23	15.46	17.55	11.88
Compound Leverage Factor	1.52	1.34	2.64	6.34	3.07	13.58	9.12	-52.75	-380.12	-3.74	3.35
Debt to Total Capital	17.71%	36.48%	63.93%	65.29%	79.03%	80.42%	128.88%	129.53%	113.45%	113.30%	50.42%
Short-Term Debt to Total Capital	0.00%	0.00%	2.06%	2.02%	3.02%	0.00%	0.00%	0.00%	0.00%	0.00%	4.17%
Long-Term Debt to Total Capital	17.71%	36.48%	61.88%	63.27%	76.01%	80.42%	128.88%	129.53%	113.45%	113.30%	46.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.27%	63.51%	36.06%	34.70%	20.96%	19.57%	-28.90%	-29.53%	-13.45%	-13.30%	49.58%
Debt to EBITDA	0.76	2.01	10.33	15.48	-5.40	-4.82	-1.61	-1.62	-2.17	-2.21	5.11
Net Debt to EBITDA	-0.84	-0.72	8.51	13.63	-4.83	-4.39	-1.46	-1.47	-1.96	-1.96	3.71
Long-Term Debt to EBITDA	0.76	2.01	9.99	15.00	-5.20	-4.82	-1.61	-1.62	-2.17	-2.21	4.69
Debt to NOPAT	1.07	2.91	18.54	-3.53	-5.98	-5.16	-2.07	-2.11	-2.74	-2.88	15.78
Net Debt to NOPAT	-1.18	-1.04	15.28	-3.11	-5.34	-4.70	-1.88	-1.92	-2.48	-2.55	11.44
Long-Term Debt to NOPAT	1.07	2.91	17.94	-3.42	-5.76	-5.16	-2.07	-2.11	-2.74	-2.88	14.47
Altman Z-Score	8.23	3.63	1.54	1.36	1.01	1.20	-0.35	1.45	1.25	1.85	4.34
Noncontrolling Interest Sharing Ratio	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.08%	0.04%	0.08%	0.09%	0.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.12	5.96	1.82	2.14	1.96	2.40	2.46	2.40	2.41	2.37	2.07
Quick Ratio	3.09	4.98	1.00	1.00	0.96	1.17	1.21	1.25	1.20	1.18	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	64	17	-1,270	-1,314	-1,204	-963	491	1,017	673	683	122
Operating Cash Flow to CapEx	1,063.26%	258.73%	-331.26%	-643.82%	-173.48%	-94.15%	813.98%	-6.67%	-146.44%	6,123.19%	1,283.86%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.65	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.03	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.06	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.60	0.41	0.44	0.49	0.48	0.44	0.43	0.47	0.50	0.65
Accounts Receivable Turnover	11.06	10.07	6.49	7.47	7.12	7.11	5.87	5.60	5.23	5.69	6.13
Inventory Turnover	2.77	2.63	1.73	2.12	2.79	3.29	3.25	3.02	3.08	3.24	2.93
Fixed Asset Turnover	5.99	5.85	4.97	5.29	5.55	5.73	5.38	5.37	5.42	5.83	6.50
Accounts Payable Turnover	5.50	6.20	3.67	5.52	7.56	8.93	7.86	7.84	8.07	8.84	8.68
Days Sales Outstanding (DSO)	33.02	36.25	56.26	48.86	51.23	51.32	62.18	65.16	69.86	64.12	59.58
Days Inventory Outstanding (DIO)	131.63	139.02	211.21	172.54	130.75	111.00	112.43	121.05	118.54	112.51	124.39
Days Payable Outstanding (DPO)	66.38	58.82	99.38	66.18	48.25	40.89	46.45	46.54	45.21	41.28	42.04
Cash Conversion Cycle (CCC)	98.27	116.45	168.09	155.22	133.73	121.43	128.16	139.67	143.19	135.36	141.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	609	630	1,861	1,948	1,603	1,584	935	934	936	914	942
Invested Capital Turnover	1.30	1.25	0.61	0.61	0.74	0.76	0.62	0.58	0.64	0.68	0.97
Increase / (Decrease) in Invested Capital	-13	13	1,231	1,305	994	954	-925	-1,015	-667	-670	7.01
Enterprise Value (EV)	3,767	1,612	3,221	2,460	3,058	2,181	2,566	3,556	3,081	4,474	5,926
Market Capitalization	3,957	1,775	2,116	1,245	1,822	931	1,324	2,309	2,004	3,421	5,526
Book Value per Share	$12.58	$12.48	$11.84	$11.48	$5.74	$5.21	($4.78)	($4.85)	($2.19)	($1.86)	$7.17
Tangible Book Value per Share	$6.99	$6.90	($11.61)	($11.81)	($13.04)	($13.21)	($13.75)	($13.77)	($11.10)	($9.54)	($0.31)
Total Capital	971	1,248	2,096	2,113	1,751	1,708	1,064	1,060	1,051	1,051	1,094
Total Debt	172	455	1,340	1,379	1,384	1,374	1,371	1,373	1,193	1,190	552
Total Long-Term Debt	172	455	1,297	1,337	1,331	1,374	1,371	1,373	1,193	1,190	506
Net Debt	-190	-163	1,105	1,215	1,236	1,250	1,242	1,247	1,077	1,054	400
Capital Expenditures (CapEx)	7.27	7.03	5.68	14	6.92	6.21	1.71	1.33	3.41	0.48	2.61
Debt-free, Cash-free Net Working Capital (DFCFNWC)	75	77	134	233	214	210	188	188	201	186	196
Debt-free Net Working Capital (DFNWC)	437	695	369	397	362	333	317	314	317	322	348
Net Working Capital (NWC)	437	695	326	355	309	333	317	314	317	322	302
Net Nonoperating Expense (NNE)	0.29	6.50	12	21	172	30	208	25	176	20	90
Net Nonoperating Obligations (NNO)	-190	-163	1,105	1,215	1,236	1,250	1,242	1,247	1,077	1,054	400
Total Depreciation and Amortization (D&A)	8.61	8.78	12	28	29	26	13	14	17	14	13
Debt-free, Cash-free Net Working Capital to Revenue	9.39%	9.92%	17.65%	29.48%	26.08%	24.85%	21.69%	22.38%	24.67%	21.83%	21.59%
Debt-free Net Working Capital to Revenue	54.83%	89.17%	48.78%	50.24%	44.12%	39.54%	36.49%	37.50%	38.89%	37.86%	38.27%
Net Working Capital to Revenue	54.83%	89.17%	43.08%	44.84%	37.67%	39.54%	36.49%	37.50%	38.89%	37.86%	33.26%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.81	$0.36	($0.80)	($0.46)	($5.97)	($0.60)	($10.00)	($0.36)	($2.61)	($0.10)	$0.81
Adjusted Weighted Average Basic Shares Outstanding	63.50M	63.76M	63.77M	63.92M	64.01M	64.22M	64.13M	64.51M	65.28M	75.32M	71.61M
Adjusted Diluted Earnings per Share	$0.81	$0.36	($0.80)	($0.46)	($5.97)	($0.60)	($10.00)	($0.36)	($2.61)	($0.10)	$0.81
Adjusted Weighted Average Diluted Shares Outstanding	63.98M	63.86M	64.01M	63.92M	64.01M	64.22M	64.13M	64.51M	65.28M	75.32M	71.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	63.52M	63.84M	63.87M	63.96M	64.17M	64.28M	64.56M	64.65M	75.23M	75.68M	86.50M
Normalized Net Operating Profit after Tax (NOPAT)	52	31	-39	-7.22	-7.81	-4.52	-428	3.79	6.52	13	15
Normalized NOPAT Margin	24.79%	17.45%	-23.26%	-3.05%	-3.28%	-2.25%	-221.59%	1.84%	3.03%	5.46%	6.05%
Pre Tax Income Margin	30.27%	16.39%	-35.86%	-13.46%	-136.51%	-19.19%	-334.69%	-9.83%	-77.12%	-1.51%	2.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.11%
Augmented Payout Ratio	70.97%	56.22%	81.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.11%

Frequently Asked Questions About Semtech's Financials

When does Semtech's financial year end?

According to the most recent income statement we have on file, Semtech's fiscal year ends in January. Their fiscal year 2025 ended on January 26, 2025.

How has Semtech's net income changed over the last 10 years?

Semtech's net income appears to be on an upward trend, with a most recent value of -$161.90 million in 2025, falling from $27.95 million in 2015. The previous period was -$1.09 billion in 2024. Find out what analysts predict for Semtech in the coming months.

What is Semtech's operating income?

Semtech's total operating income in 2025 was $49.93 million, based on the following breakdown:

Total Gross Profit: $456.53 million
Total Operating Expenses: $406.59 million

How has Semtech revenue changed over the last 10 years?

Over the last 10 years, Semtech's total revenue changed from $557.89 million in 2015 to $909.29 million in 2025, a change of 63.0%.

How much debt does Semtech have?

Semtech's total liabilities were at $876.84 million at the end of 2025, a 47.8% decrease from 2024, and a 131.9% increase since 2015.

How much cash does Semtech have?

In the past 10 years, Semtech's cash and equivalents has ranged from $128.59 million in 2024 to $312.12 million in 2019, and is currently $151.74 million as of their latest financial filing in 2025.

How has Semtech's book value per share changed over the last 10 years?

Over the last 10 years, Semtech's book value per share changed from 8.26 in 2015 to 7.17 in 2025, a change of -13.2%.

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This page (NASDAQ:SMTC) was last updated on 5/7/2025 by MarketBeat.com Staff

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