Semtech (SMTC) Financials

$37.01 -1.77 (-4.56%)

Closing price 04:00 PM Eastern

Extended Trading

$37.52 +0.51 (+1.38%)

As of 06:43 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	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/26/2025	1/28/2024	1/29/2023	1/30/2022	1/31/2021	1/26/2020	1/27/2019	1/28/2018	1/29/2017	1/31/2016	1/25/2015
Net Income / (Loss) Attributable to Common Shareholders	-162	-1,092	61	126	60	32	70	35	55	11	28
Consolidated Net Income / (Loss)	-162	-1,092	61	126	60	32	70	35	55	11	28
Net Income / (Loss) Continuing Operations	-162	-1,092	61	126	60	32	70	35	55	11	28
Total Pre-Tax Income	-183	-1,042	78	139	63	45	70	58	73	20	36
Total Operating Income	50	-944	93	145	75	52	105	67	84	30	42
Total Gross Profit	457	296	479	461	356	337	377	352	325	293	329
Total Revenue	909	869	757	741	595	548	627	588	544	490	558
Operating Revenue	909	869	757	741	595	548	627	588	544	490	558
Total Cost of Revenue	453	573	278	280	239	211	250	236	219	197	229
Operating Cost of Revenue	453	573	278	280	239	211	250	236	219	197	229
Total Operating Expenses	407	1,241	386	316	281	285	272	285	241	263	287
Selling, General & Admin Expense	222	220	225	168	163	163	145	148	139	141	127
Research & Development Expense	171	186	167	148	118	107	109	105	103	114	119
Amortization Expense	0.88	15	0.82	0.00	0.59	17	27	28	25	25	26
Other Operating Expenses / (Income)	0.00	0.00	-18	0.00	0.00	-	-	0.38	-26	0.00	0.00
Impairment Charge	7.49	795	0.00	0.00	-	-	-	-	-	-	12
Restructuring Charge	4.94	24	11	0.00	-	-	-	-	-	-	1.29
Total Other Income / (Expense), net	-233	-97	-14	-5.95	-12	-7.42	-35	-8.87	-11	-9.62	-5.76
Interest Expense	235	96	18	5.09	5.34	9.11	9.20	-	9.30	7.82	5.93
Interest & Investment Income	1.19	-0.88	4.65	0.13	-4.23	-1.21	-30	-12	0.00	-	-
Other Income / (Expense), net	0.27	-0.54	-1.33	-0.99	-2.41	2.89	3.82	3.35	-1.72	-1.80	0.17
Income Tax Expense	-22	51	17	16	3.44	13	0.36	23	18	8.88	8.55
Other Gains / (Losses), net	-0.55	0.05	0.25	2.12	0.33	0.11	-0.13	-0.25	0.00	0.00	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	-0.01	-0.02	-0.04	-0.01	0.00	0.00	-	-	-
Basic Earnings per Share	($2.26)	($17.03)	$0.96	$1.94	$0.92	$0.48	$1.06	$0.52	$0.84	$0.18	$0.42
Weighted Average Basic Shares Outstanding	71.61M	64.13M	63.77M	64.66M	65.21M	66.26M	65.98M	66.03M	65.43M	65.66M	67.11M
Diluted Earnings per Share	($2.26)	($17.03)	$0.96	$1.92	$0.91	$0.47	$1.02	$0.51	$0.83	$0.17	$0.41
Weighted Average Diluted Shares Outstanding	71.61M	64.13M	64.01M	65.57M	66.06M	67.42M	68.48M	67.61M	66.11M	65.96M	67.69M
Weighted Average Basic & Diluted Shares Outstanding	86.50M	64.56M	63.87M	64.11M	65.24M	65.80M	700.60M	66.20M	65.10M	63.90M	66.50M

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

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

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

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

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	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/26/2025	1/28/2024	1/29/2023	1/30/2022	1/31/2021	1/26/2020	1/27/2019	1/28/2018	1/29/2017	1/31/2016	1/25/2015
Total Assets	1,419	1,374	2,570	1,131	1,082	1,052	1,063	1,086	1,012	912	929
Total Current Assets	585	534	723	502	475	461	485	461	438	341	397
Cash & Equivalents	152	129	236	280	269	293	312	308	297	212	230
Accounts Receivable	163	134	162	72	70	62	79	53	51	44	69
Inventories, net	164	145	208	114	87	73	64	71	66	64	74
Current Deferred & Refundable Income Taxes	14	12	6.24	5.98	22	11	8.41	12	5.56	5.24	4.02
Other Current Assets	94	114	112	31	26	22	22	17	18	16	19
Plant, Property, & Equipment, net	126	154	169	135	131	124	118	125	109	101	115
Total Noncurrent Assets	708	686	1,678	494	476	467	459	500	464	469	417
Goodwill	533	541	1,282	351	351	351	351	342	330	330	280
Intangible Assets	33	36	215	6.80	12	20	37	60	62	88	102
Noncurrent Deferred & Refundable Income Taxes	41	18	64	28	25	20	14	4.24	5.49	7.35	0.11
Other Noncurrent Operating Assets	100	91	117	108	88	76	57	94	67	44	35
Total Liabilities & Shareholders' Equity	1,419	1,374	2,570	1,131	1,082	1,052	1,063	1,086	1,012	912	929
Total Liabilities	877	1,681	1,814	393	383	375	380	421	406	383	378
Total Current Liabilities	283	217	397	128	110	99	130	126	123	104	108
Short-Term Debt	46	0.00	43	0.00	-	-	18	15	14	19	19
Accounts Payable	59	45	101	51	50	48	43	37	42	35	32
Accrued Expenses	178	172	253	78	59	51	68	61	55	41	50
Total Noncurrent Liabilities	594	1,464	1,417	265	274	277	250	295	283	280	270
Long-Term Debt	506	1,371	1,297	172	179	195	193	211	227	239	235
Noncurrent Deferred & Payable Income Tax Liabilities	0.75	0.83	5.07	1.13	0.98	3.60	3.36	15	6.88	6.80	2.48
Other Noncurrent Operating Liabilities	87	92	115	92	93	78	54	69	50	34	33
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	542	-307	756	738	699	677	683	665	605	528	551
Total Preferred & Common Equity	542	-307	756	738	699	677	683	665	605	528	551
Total Common Equity	542	-307	756	738	699	677	683	665	605	528	551
Common Stock	1,471	486	472	493	475	459	453	416	392	380	372
Retained Earnings	-396	-234	858	797	671	612	580	502	468	413	402
Treasury Stock	-521	-557	-578	-550	-439	-388	-346	-252	-253	-266	-223
Accumulated Other Comprehensive Income / (Loss)	-12	-2.99	3.36	-2.08	-8.17	-6.17	-3.61	-1.20	-1.29	0.65	0.16
Noncontrolling Interest	0.00	0.18	0.18	0.19	0.21	0.25	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 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	10/27/2024	7/28/2024	4/28/2024	10/29/2023	7/30/2023	4/30/2023	10/30/2022	7/31/2022	5/1/2022	10/31/2021
Total Assets	1,379	1,368	1,377	2,038	2,119	2,500	1,467	1,200	1,116	1,121
Total Current Assets	558	542	539	572	630	664	835	577	495	496
Cash & Equivalents	137	116	127	124	148	164	618	362	275	277
Accounts Receivable	142	153	154	157	159	145	81	71	66	74
Inventories, net	163	156	149	161	180	213	111	108	107	105
Current Deferred & Refundable Income Taxes	7.80	15	10	10	7.67	12	2.76	2.30	2.44	12
Other Current Assets	108	101	100	121	135	130	23	34	45	29
Plant, Property, & Equipment, net	133	140	147	159	161	165	136	134	134	131
Total Noncurrent Assets	688	687	690	1,307	1,327	1,670	496	489	487	494
Goodwill	541	541	541	1,014	1,017	1,289	350	350	350	351
Intangible Assets	37	35	35	168	183	199	3.71	4.71	5.76	7.85
Noncurrent Deferred & Refundable Income Taxes	19	18	15	14	14	67	25	27	26	27
Other Noncurrent Operating Assets	91	92	99	111	112	115	117	107	105	108
Total Liabilities & Shareholders' Equity	1,379	1,368	1,377	2,038	2,119	2,500	1,467	1,200	1,116	1,121
Total Liabilities	1,519	1,509	1,690	1,704	1,752	1,767	674	401	381	403
Total Current Liabilities	235	225	225	239	321	310	140	140	110	124
Accounts Payable	64	76	65	55	52	74	45	54	48	46
Accrued Expenses	172	149	160	184	216	193	95	86	61	77
Total Noncurrent Liabilities	1,283	1,285	1,465	1,465	1,431	1,457	534	261	270	279
Long-Term Debt	1,190	1,193	1,373	1,374	1,331	1,337	455	172	182	176
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	4.53	4.76	4.71	1.08	1.16	1.07	1.13
Other Noncurrent Operating Liabilities	93	92	91	87	95	116	78	88	87	102
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	-140	-141	-313	334	367	733	793	799	735	718
Total Preferred & Common Equity	-140	-141	-313	334	367	733	792	799	735	718
Total Common Equity	-140	-141	-313	334	367	733	792	799	735	718
Common Stock	838	837	491	481	487	479	463	507	497	483
Retained Earnings	-435	-427	-257	409	447	829	909	887	835	762
Treasury Stock	-536	-549	-553	-561	-573	-575	-579	-594	-596	-520
Accumulated Other Comprehensive Income / (Loss)	-6.20	-2.73	5.21	5.46	5.85	0.74	-0.57	-0.16	-0.68	-6.80
Noncontrolling Interest	0.00	0.00	0.00	0.18	0.18	0.18	0.19	0.19	0.19	0.20

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

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

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

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

Frequently Asked Questions About Semtech's Financials

When does Semtech's fiscal year end?

According to the most recent income statement we have on file, Semtech's financial year ends in January. Their financial 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. View Semtech's forecast to see where analysts expect Semtech to go next.

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 5/28/2025 by MarketBeat.com Staff

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Semtech (SMTC) Financials

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