Semtech (SMTC) Financials

$119.19 +6.21 (+5.50%)

Closing price 05/6/2026 04:00 PM Eastern

Extended Trading

$120.77 +1.58 (+1.32%)

As of 06:03 AM 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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	1/25/2026
Net Income / (Loss) Attributable to Common Shareholders	11	55	35	70	32	60	126	61	-1,092	-162	-40
Consolidated Net Income / (Loss)	11	55	35	70	32	60	126	61	-1,092	-162	-40
Net Income / (Loss) Continuing Operations	11	55	35	70	32	60	126	61	-1,092	-162	-40
Total Pre-Tax Income	20	73	58	70	45	63	139	78	-1,042	-183	-21
Total Operating Income	30	84	67	105	52	75	145	93	-944	50	33
Total Gross Profit	293	325	352	377	337	356	461	479	296	457	542
Total Revenue	490	544	588	627	548	595	741	757	869	909	1,050
Operating Revenue	490	544	588	627	548	595	741	757	869	909	1,050
Total Cost of Revenue	197	219	236	250	211	239	280	278	573	453	508
Operating Cost of Revenue	197	219	236	250	211	239	280	278	573	453	508
Total Operating Expenses	263	241	285	272	285	281	316	386	1,241	407	510
Selling, General & Admin Expense	141	139	148	145	163	163	168	225	220	222	222
Research & Development Expense	114	103	105	109	107	118	148	167	186	171	196
Amortization Expense	25	25	28	27	17	0.59	0.00	0.82	15	0.88	0.63
Impairment Charge	-	-	-	-	-	-	0.00	0.00	795	7.49	87
Restructuring Charge	-	-	-	-	-	-	0.00	11	24	4.94	4.19
Total Other Income / (Expense), net	-9.62	-11	-8.87	-35	-7.42	-12	-5.95	-14	-97	-233	-54
Interest Expense	7.82	9.30	-	9.20	9.11	5.34	5.09	18	96	235	41
Interest & Investment Income	-	0.00	-12	-30	-1.21	-4.23	0.13	4.65	-0.88	1.19	-7.87
Other Income / (Expense), net	-1.80	-1.72	3.35	3.82	2.89	-2.41	-0.99	-1.33	-0.54	0.27	-5.26
Income Tax Expense	8.88	18	23	0.36	13	3.44	16	17	51	-22	20
Other Gains / (Losses), net	0.00	0.00	-0.25	-0.13	0.11	0.33	2.12	0.25	0.05	-0.55	0.64
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	-0.01	-0.04	-0.02	-0.01	0.00	0.00	0.00
Basic Earnings per Share	$0.18	$0.84	$0.52	$1.06	$0.48	$0.92	$1.94	$0.96	($17.03)	($2.26)	($0.46)
Weighted Average Basic Shares Outstanding	65.66M	65.43M	66.03M	65.98M	66.26M	65.21M	64.66M	63.77M	64.13M	71.61M	88.37M
Diluted Earnings per Share	$0.17	$0.83	$0.51	$1.02	$0.47	$0.91	$1.92	$0.96	($17.03)	($2.26)	($0.46)
Weighted Average Diluted Shares Outstanding	65.96M	66.11M	67.61M	68.48M	67.42M	66.06M	65.57M	64.01M	64.13M	71.61M	88.37M
Weighted Average Basic & Diluted Shares Outstanding	63.90M	65.10M	66.20M	700.60M	65.80M	65.24M	64.11M	63.87M	64.56M	86.50M	92.95M

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 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024	1/26/2025	4/27/2025	7/27/2025	10/26/2025	1/25/2026
Net Income / (Loss) Attributable to Common Shareholders	-382	-38	-642	-23	-170	-7.59	39	19	-27	-2.86	-30
Consolidated Net Income / (Loss)	-382	-38	-642	-23	-170	-7.59	39	19	-27	-2.86	-30
Net Income / (Loss) Continuing Operations	-382	-38	-642	-23	-170	-7.59	39	19	-27	-2.86	-30
Total Pre-Tax Income	-325	-39	-646	-20	-166	-3.57	6.54	27	-22	4.45	-30
Total Operating Income	-300	-12	-620	3.14	7.77	18	21	36	-16	31	-18
Total Gross Profit	101	93	-0.39	100	105	121	131	131	134	138	138
Total Revenue	238	201	193	206	215	237	251	251	258	267	274
Operating Revenue	238	201	193	206	215	237	251	251	258	267	274
Total Cost of Revenue	138	108	193	107	110	116	120	120	123	128	136
Operating Cost of Revenue	138	108	193	107	110	116	120	120	123	128	136
Total Operating Expenses	401	105	620	96	98	103	109	95	150	107	157
Selling, General & Admin Expense	60	48	55	52	56	60	55	46	58	57	60
Research & Development Expense	47	47	42	42	40	43	47	48	48	49	51
Amortization Expense	4.87	4.85	0.31	0.31	0.28	0.15	0.15	0.15	0.15	0.15	0.19
Restructuring Charge	9.40	3.65	9.17	2.27	1.54	0.70	0.44	1.20	1.49	0.76	0.74
Total Other Income / (Expense), net	-25	-26	-26	-23	-174	-21	-15	-9.02	-6.02	-27	-12
Interest & Investment Income	-24	-30	72	-24	-28	-20	73	-6.21	-4.71	-26	29
Other Income / (Expense), net	-1.57	3.54	-2.05	0.40	-1.02	-1.07	1.95	-2.80	-1.31	-0.43	-0.72
Income Tax Expense	57	-0.31	-3.35	2.96	4.22	4.01	-33	8.65	4.79	7.32	-0.94
Other Gains / (Losses), net	-0.01	-0.01	0.08	0.05	0.00	-0.01	-0.59	1.05	-0.06	0.02	-0.36
Basic Earnings per Share	($5.97)	($0.60)	($10.00)	($0.36)	($2.61)	($0.10)	$0.81	$0.22	($0.31)	($0.03)	($0.34)
Weighted Average Basic Shares Outstanding	64.01M	64.22M	64.13M	64.51M	65.28M	75.32M	71.61M	86.44M	86.71M	87.68M	88.37M
Diluted Earnings per Share	($5.97)	($0.60)	($10.00)	($0.36)	($2.61)	($0.10)	$0.81	$0.22	($0.31)	($0.03)	($0.34)
Weighted Average Diluted Shares Outstanding	64.01M	64.22M	64.13M	64.51M	65.28M	75.32M	71.61M	89.58M	86.71M	87.68M	88.37M
Weighted Average Basic & Diluted Shares Outstanding	64.17M	64.28M	64.56M	64.65M	75.23M	75.68M	86.50M	86.64M	86.77M	92.54M	92.95M

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	1/25/2026
Net Change in Cash & Equivalents	-19	85	11	4.20	-19	-24	11	-44	-107	23	43
Net Cash From Operating Activities	102	118	111	184	119	119	203	127	-94	58	181
Net Cash From Continuing Operating Activities	102	118	111	184	119	119	203	127	-94	58	181
Net Income / (Loss) Continuing Operations	11	55	35	70	32	60	126	61	-1,092	-162	-40
Consolidated Net Income / (Loss)	11	55	35	70	32	60	126	61	-1,092	-162	-40
Depreciation Expense	49	47	49	50	40	32	31	32	78	43	41
Amortization Expense	1.47	0.62	0.57	0.53	4.50	4.47	4.89	6.16	17	14	10
Non-Cash Adjustments To Reconcile Net Income	20	5.89	51	96	54	59	50	22	939	230	177
Changes in Operating Assets and Liabilities, net	20	9.39	-23	-32	-12	-37	-8.66	5.13	-36	-68	-6.12
Net Cash From Investing Activities	-67	-14	-66	-36	-34	-43	-40	-1,247	-23	-12	-39
Net Cash From Continuing Investing Activities	-67	-14	-66	-36	-34	-43	-40	-1,247	-23	-12	-39
Purchase of Property, Plant & Equipment	-13	-33	-35	-17	-23	-33	-26	-28	-29	-7.86	-9.78
Acquisitions	-39	0.00	-18	-16	0.00	0.00	0.00	-1,241	-1.92	-6.34	-27
Purchase of Investments	-15	-13	-19	-9.30	-12	-11	-8.25	-6.75	-0.93	-0.43	0.00
Sale of Property, Plant & Equipment	0.00	0.05	0.19	0.11	0.35	0.39	0.11	0.04	0.41	0.10	0.01
Sale and/or Maturity of Investments	0.00	0.56	5.70	5.97	0.00	0.38	0.00	2.28	0.00	2.65	1.94
Other Investing Activities, net	-	-	-	-	0.00	0.00	-6.00	0.00	8.92	0.00	-3.43
Net Cash From Financing Activities	-54	-19	-35	-143	-103	-100	-152	1,077	11	-22	-101
Net Cash From Continuing Financing Activities	-54	-19	-35	-143	-103	-100	-152	1,077	11	-22	-101
Repayment of Debt	-31	-262	-15	-16	-216	-16	-28	-55	-303	-725	-462
Repurchase of Common Equity	-57	-1.01	-15	-116	-70	-71	-130	-50	0.00	0.00	-218
Payment of Dividends	-	-	-	-	-	-	-	0.00	0.00	-0.18	0.00
Issuance of Debt	35	245	0.00	0.00	199	0.00	20	1,225	320	68	391
Issuance of Common Equity	-	-	0.00	0.00	0.25	0.00	0.00	43	0.00	641	0.00
Other Financing Activities, net	-0.71	-0.78	-4.99	-11	-16	-13	-14	-86	-6.71	-4.91	188
Other Net Changes in Cash	-	-	-	-	-	-	-	-	-	-	2.10
Cash Interest Paid	5.73	6.49	6.34	8.59	7.91	4.88	4.30	12	84	72	16
Cash Income Taxes Paid	7.92	11	31	7.74	11	8.41	3.33	10	20	7.98	4.08

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 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024	1/26/2025	4/27/2025	7/27/2025	10/26/2025	1/25/2026
Net Change in Cash & Equivalents	-16	-24	4.77	-1.81	-11	21	15	4.73	12	-3.89	31
Net Cash From Operating Activities	-12	-5.85	14	-0.09	-5.00	30	33	28	44	47	61
Net Cash From Continuing Operating Activities	-12	-5.85	14	-0.09	-5.00	30	33	28	44	47	61
Net Income / (Loss) Continuing Operations	-382	-38	-642	-23	-170	-7.59	39	19	-27	-2.86	-30
Consolidated Net Income / (Loss)	-382	-38	-642	-23	-170	-7.59	39	19	-27	-2.86	-30
Depreciation Expense	22	23	8.86	11	13	10	10	10	10	10	10
Amortization Expense	6.65	3.51	3.91	3.81	4.14	3.41	2.79	2.60	2.63	2.56	2.52
Non-Cash Adjustments To Reconcile Net Income	294	14	623	16	166	18	30	5.98	59	40	72
Changes in Operating Assets and Liabilities, net	47	-7.88	21	-7.32	-18	5.16	-48	-10	-0.47	-2.13	6.78
Net Cash From Investing Activities	-5.17	-6.69	3.57	1.79	-4.46	-1.41	-7.80	-5.07	-5.13	-4.05	-25
Net Cash From Continuing Investing Activities	-5.17	-6.69	3.57	1.79	-4.46	-1.41	-7.80	-5.07	-5.13	-4.05	-25
Purchase of Property, Plant & Equipment	-6.92	-6.58	-1.71	-1.33	-3.41	-0.48	-2.63	-1.65	-2.88	-2.82	-2.43
Acquisitions	-0.29	-0.48	-1.14	-1.33	-3.69	-0.93	-0.39	-0.53	-2.25	-2.64	-22
Sale of Property, Plant & Equipment	-	0.37	0.00	-	-	-	0.02	-	-	-	0.01
Net Cash From Financing Activities	1.00	-10	-14	-3.20	-1.35	-7.51	-9.60	-19	-28	-47	-6.96
Net Cash From Continuing Financing Activities	1.00	-10	-14	-3.20	-1.35	-7.51	-9.60	-19	-28	-47	-6.96
Repayment of Debt	-18	-267	-13	0.00	-	-5.00	-720	-10	-25	-438	11
Issuance of Debt	20	260	-	-0.82	-	-	68	-0.49	-0.07	403	-12
Other Financing Activities, net	-0.81	-3.06	-1.24	-2.19	-1.35	-2.51	1.14	-8.87	-2.59	205	-5.94
Cash Interest Paid	24	23	20	17	25	18	12	3.53	6.51	5.10	1.17
Cash Income Taxes Paid	6.95	4.04	0.10	2.77	1.04	3.07	1.10	1.34	2.66	2.00	-1.92

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	1/25/2026
Total Assets	912	1,012	1,086	1,063	1,052	1,082	1,131	2,570	1,374	1,419	1,410
Total Current Assets	341	438	461	485	461	475	502	723	534	585	655
Cash & Equivalents	212	297	308	312	293	269	280	236	129	152	195
Accounts Receivable	44	51	53	79	62	70	72	162	134	163	161
Inventories, net	64	66	71	64	73	87	114	208	145	164	196
Current Deferred & Refundable Income Taxes	5.24	5.56	12	8.41	11	22	5.98	6.24	12	14	15
Other Current Assets	16	18	17	22	22	26	31	112	114	94	88
Plant, Property, & Equipment, net	101	109	125	118	124	131	135	169	154	126	109
Total Noncurrent Assets	469	464	500	459	467	476	494	1,678	686	708	646
Goodwill	330	330	342	351	351	351	351	1,282	541	533	458
Intangible Assets	88	62	60	37	20	12	6.80	215	36	33	40
Noncurrent Deferred & Refundable Income Taxes	7.35	5.49	4.24	14	20	25	28	64	18	41	34
Other Noncurrent Operating Assets	44	67	94	57	76	88	108	117	91	100	114
Total Liabilities & Shareholders' Equity	912	1,012	1,086	1,063	1,052	1,082	1,131	2,570	1,374	1,419	1,410
Total Liabilities	383	406	421	380	375	383	393	1,814	1,681	877	861
Total Current Liabilities	104	123	126	130	99	110	128	397	217	283	276
Short-Term Debt	19	14	15	18	-	-	0.00	43	0.00	46	0.00
Accounts Payable	35	42	37	43	48	50	51	101	45	59	84
Accrued Expenses	41	55	61	68	51	59	78	253	172	178	192
Total Noncurrent Liabilities	280	283	295	250	277	274	265	1,417	1,464	594	585
Long-Term Debt	239	227	211	193	195	179	172	1,297	1,371	506	491
Noncurrent Deferred & Payable Income Tax Liabilities	6.80	6.88	15	3.36	3.60	0.98	1.13	5.07	0.83	0.75	0.10
Other Noncurrent Operating Liabilities	34	50	69	54	78	93	92	115	92	87	93
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	528	605	665	683	677	699	738	756	-307	542	550
Total Preferred & Common Equity	528	605	665	683	677	699	738	756	-307	542	550
Total Common Equity	528	605	665	683	677	699	738	756	-307	542	550
Common Stock	380	392	416	453	459	475	493	472	486	1,471	1,468
Retained Earnings	413	468	502	580	612	671	797	858	-234	-396	-436
Treasury Stock	-266	-253	-252	-346	-388	-439	-550	-578	-557	-521	-474
Accumulated Other Comprehensive Income / (Loss)	0.65	-1.29	-1.20	-3.61	-6.17	-8.17	-2.08	3.36	-2.99	-12	-7.68

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	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/31/2022	10/30/2022	4/30/2023	7/30/2023	10/29/2023	4/28/2024	7/28/2024	10/27/2024	4/27/2025	7/27/2025	10/26/2025
Total Assets	1,200	1,467	2,500	2,119	2,038	1,377	1,368	1,379	1,432	1,406	1,406
Total Current Assets	577	835	664	630	572	539	542	558	598	615	621
Cash & Equivalents	362	618	164	148	124	127	116	137	156	169	165
Accounts Receivable	71	81	145	159	157	154	153	142	166	154	165
Inventories, net	108	111	213	180	161	149	156	163	170	183	186
Current Deferred & Refundable Income Taxes	2.30	2.76	12	7.67	10	10	15	7.80	9.06	12	12
Other Current Assets	34	23	130	135	121	100	101	108	97	97	94
Plant, Property, & Equipment, net	134	136	165	161	159	147	140	133	120	116	111
Total Noncurrent Assets	489	496	1,670	1,327	1,307	690	687	688	714	675	674
Goodwill	350	350	1,289	1,017	1,014	541	541	541	534	492	492
Intangible Assets	4.71	3.71	199	183	168	35	35	37	36	35	33
Noncurrent Deferred & Refundable Income Taxes	27	25	67	14	14	15	18	19	39	37	34
Other Noncurrent Operating Assets	107	117	115	112	111	99	92	91	105	112	115
Total Liabilities & Shareholders' Equity	1,200	1,467	2,500	2,119	2,038	1,377	1,368	1,379	1,432	1,406	1,406
Total Liabilities	401	674	1,767	1,752	1,704	1,690	1,509	1,519	863	853	840
Total Current Liabilities	140	140	310	321	239	225	225	235	236	243	255
Short-Term Debt	-	-	43	53	0.00	-	-	-	0.00	0.00	0.00
Accounts Payable	54	45	74	52	55	65	76	64	69	71	75
Accrued Expenses	86	95	193	216	184	160	149	172	167	172	180
Total Noncurrent Liabilities	261	534	1,457	1,431	1,465	1,465	1,285	1,283	627	610	585
Long-Term Debt	172	455	1,337	1,331	1,374	1,373	1,193	1,190	543	519	490
Noncurrent Deferred & Payable Income Tax Liabilities	1.16	1.08	4.71	4.76	4.53	0.00	0.00	0.00	0.72	1.02	0.55
Other Noncurrent Operating Liabilities	88	78	116	95	87	91	92	93	84	90	94
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	799	793	733	367	334	-313	-141	-140	569	553	566
Total Preferred & Common Equity	799	792	733	367	334	-313	-141	-140	569	553	566
Total Common Equity	799	792	733	367	334	-313	-141	-140	569	553	566
Common Stock	507	463	479	487	481	491	837	838	1,461	1,467	1,471
Retained Earnings	887	909	829	447	409	-257	-427	-435	-376	-403	-406
Treasury Stock	-594	-579	-575	-573	-561	-553	-549	-536	-506	-501	-487
Accumulated Other Comprehensive Income / (Loss)	-0.16	-0.57	0.74	5.85	5.46	5.21	-2.73	-6.20	-9.40	-9.17	-13

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	1/25/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	92,540,057.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	92,540,057.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.44
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	17	63	40	105	37	71	129	72	-661	35	23
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	3.45%	-62.14%	3.20%	2.19%
Earnings before Interest and Taxes (EBIT)	28	82	70	109	55	73	144	91	-945	50	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	79	130	120	159	99	109	180	130	-850	108	78
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	17	88	5.73	107	40	40	108	-1,158	264	28	119
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	574	549	584	582	579	609	630	1,861	935	942	846
Increase / (Decrease) in Invested Capital	-0.34	-25	35	-2.04	-2.96	31	21	1,231	-925	7.01	-96
Book Value per Share	$8.14	$9.22	$10.02	$10.37	$10.22	$10.75	$11.45	$11.84	($4.78)	$7.17	$5.94
Tangible Book Value per Share	$1.69	$3.26	$3.96	$4.48	$4.62	$5.17	$5.89	($11.61)	($13.75)	($0.31)	$0.56
Total Capital	786	846	892	894	872	878	909	2,096	1,064	1,094	1,041
Total Debt	258	241	227	211	195	179	172	1,340	1,371	552	491
Total Long-Term Debt	239	227	211	193	195	179	172	1,297	1,371	506	491
Net Debt	46	-56	-81	-101	-99	-90	-108	1,105	1,242	400	296
Capital Expenditures (CapEx)	13	33	35	17	23	32	26	28	29	7.76	9.78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	44	33	43	62	69	96	94	134	188	196	184
Debt-free Net Working Capital (DFNWC)	256	330	350	374	362	365	374	369	317	348	379
Net Working Capital (NWC)	237	315	335	355	362	365	374	326	317	302	379
Net Nonoperating Expense (NNE)	5.43	8.25	5.61	35	5.18	11	3.17	11	431	197	63
Net Nonoperating Obligations (NNO)	46	-56	-81	-101	-99	-90	-108	1,105	1,242	400	296
Total Depreciation and Amortization (D&A)	50	48	50	50	44	36	36	38	95	58	51
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.18	$0.84	$0.55	$0.96	$0.48	$0.92	$1.94	$0.96	($17.03)	($2.26)	($0.46)
Adjusted Weighted Average Basic Shares Outstanding	65.66M	65.43M	66.03M	65.98M	66.26M	65.21M	64.66M	63.77M	64.13M	71.61M	88.37M
Adjusted Diluted Earnings per Share	$0.17	$0.83	$0.54	$0.92	$0.47	$0.91	$1.92	$0.96	($17.03)	($2.26)	($0.46)
Adjusted Weighted Average Diluted Shares Outstanding	65.96M	66.11M	67.61M	68.48M	67.42M	66.06M	65.57M	64.01M	64.13M	71.61M	88.37M
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	65.21M	65.97M	66.52M	66.60M	65.80M	65.24M	64.11M	63.87M	64.56M	86.50M	92.95M
Normalized Net Operating Profit after Tax (NOPAT)	7.69	63	43	96	35	71	129	81	-88	44	86
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024	1/26/2025	4/27/2025	7/27/2025	10/26/2025	1/25/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	92,540,057.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	92,540,057.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.32
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-210	-8.66	-434	2.20	5.44	12	129	24	-11	-20	-13
Return On Investment Capital (ROIC_SIMPLE)	-	-	-40.79%	-	-	-	11.80%	2.20%	-1.06%	-1.90%	-1.23%
Earnings before Interest and Taxes (EBIT)	-302	-8.83	-622	3.54	6.75	17	23	33	-18	31	-19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-273	17	-609	18	23	30	36	46	-4.56	43	-6.30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,204	-963	491	1,017	673	683	122	2.98	21	2.54	84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,603	1,584	935	934	936	914	942	955	903	891	846
Increase / (Decrease) in Invested Capital	994	954	-925	-1,015	-667	-670	7.01	21	-32	-23	-96
Book Value per Share	$5.74	$5.21	($4.78)	($4.85)	($2.19)	($1.86)	$7.17	$6.58	$6.38	$6.52	$5.94
Tangible Book Value per Share	($13.04)	($13.21)	($13.75)	($13.77)	($11.10)	($9.54)	($0.31)	($0.02)	$0.30	$0.47	$0.56
Total Capital	1,751	1,708	1,064	1,060	1,051	1,051	1,094	1,111	1,072	1,056	1,041
Total Debt	1,384	1,374	1,371	1,373	1,193	1,190	552	543	519	490	491
Total Long-Term Debt	1,331	1,374	1,371	1,373	1,193	1,190	506	543	519	490	491
Net Debt	1,236	1,250	1,242	1,247	1,077	1,054	400	386	350	326	296
Capital Expenditures (CapEx)	6.92	6.21	1.71	1.33	3.41	0.48	2.61	1.65	2.88	2.82	2.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	214	210	188	188	201	186	196	206	203	201	184
Debt-free Net Working Capital (DFNWC)	362	333	317	314	317	322	348	362	372	366	379
Net Working Capital (NWC)	309	333	317	314	317	322	302	362	372	366	379
Net Nonoperating Expense (NNE)	172	30	208	25	176	20	90	5.07	16	-17	17
Net Nonoperating Obligations (NNO)	1,236	1,250	1,242	1,247	1,077	1,054	400	386	350	326	296
Total Depreciation and Amortization (D&A)	29	26	13	14	17	14	13	13	13	13	13
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($5.97)	($0.60)	($10.00)	($0.36)	($2.61)	($0.10)	$0.81	$0.22	($0.31)	($0.03)	($0.34)
Adjusted Weighted Average Basic Shares Outstanding	64.01M	64.22M	64.13M	64.51M	65.28M	75.32M	71.61M	86.44M	86.71M	87.68M	88.37M
Adjusted Diluted Earnings per Share	($5.97)	($0.60)	($10.00)	($0.36)	($2.61)	($0.10)	$0.81	$0.22	($0.31)	($0.03)	($0.34)
Adjusted Weighted Average Diluted Shares Outstanding	64.01M	64.22M	64.13M	64.51M	65.28M	75.32M	71.61M	89.58M	86.71M	87.68M	88.37M
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	64.17M	64.28M	64.56M	64.65M	75.23M	75.68M	86.50M	86.64M	86.77M	92.54M	92.95M
Normalized Net Operating Profit after Tax (NOPAT)	-7.81	-4.52	-428	3.79	6.52	13	15	25	19	22	-12
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Semtech (NASDAQ: SMTC) has shown a multi-year growth trend in revenue with a stable gross margin, while cash flow from operations improved in 2026. However, the company has continued to post net losses across many quarters, and leverage remains a consideration given the sizable debt load. The bullets below summarize key trends from the last four years of quarterly statements.

Revenue growth trend: Operating revenue rose from about $193–206 million in 2024 to $251 million in 2025 and $274.4 million in Q4 2026, signaling a persistent top-line uptrend.
Stable gross margins: Total gross profit hovered around $130–138 million with gross margins near 50%+ across 2024–2026; Q4 2026 gross profit was $138.3 million on $274.4 million in revenue (about 50.3% gross margin).
Operating cash flow turning positive and improving: Net cash from continuing operating activities strengthened in 2026, rising from mid-year levels to $61.5 million in Q4 2026, with intermediate quarters also showing solid positive cash flow (e.g., about $27.8 million in Q1 2026 and $47.5 million in Q3 2026).
Free cash flow potential in latest quarter: Given high cash from operations in Q4 2026 and modest capital expenditures (PPE purchases of around $2.4–2.5 million in some periods), free cash flow was positive in that quarter.
Liquidity indicators: Cash & equivalents were meaningful (roughly $165 million in mid-2026), and total assets were about $1.4–1.41 billion, suggesting reasonable liquidity depth for ongoing operations.
Debt and leverage: Long-term debt and total liabilities remain elevated (long-term debt around $0.5–0.55 billion in mid-2026; total liabilities near $0.85–1.0 billion across 2024–2026), indicating continued use of leverage.
Expense structure: Selling, general & administrative (SG&A) and research & development expenses remained substantial, contributing to ongoing profitability pressures but also supporting product development and scale.
Net income remains negative: Across 2024–2026, net income attributable to common shareholders stayed negative in many quarters (for example, notable quarterly net losses in 2026), reflecting ongoing profitability challenges.
Impairment risk observed: A material impairment charge occurred in some quarters (notably around $41.99 million in Q2 2026), compressing quarterly results and equity earnings.
Financing cash flow headwinds: Net cash from financing activities were frequently negative in multiple periods due to debt repayments and activity such as share repurchases, which can pressure liquidity if operating cash flow weakens in downturns.

05/07/26 03:42 AM ETAI Generated. May Contain Errors.

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 2026 ended on January 25, 2026.

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 -$40.38 million in 2026, falling from $11.50 million in 2016. The previous period was -$161.90 million in 2025. 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 2026 was $32.57 million, based on the following breakdown:

Total Gross Profit: $542.14 million
Total Operating Expenses: $509.58 million

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

Over the last 10 years, Semtech's total revenue changed from $490.22 million in 2016 to $1.05 billion in 2026, a change of 114.2%.

How much debt does Semtech have?

Semtech's total liabilities were at $860.62 million at the end of 2026, a 1.8% decrease from 2025, and a 124.4% increase since 2016.

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 $195.18 million as of their latest financial filing in 2026.

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 8.14 in 2016 to 5.94 in 2026, a change of -27.0%.

Related Companies

Financial statements for NASDAQ:SMTC last updated on 3/24/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Semtech (SMTC) Financials

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Semtech (SMTC) Financials

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