Semtech Corp (SMTC) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2026, Semtech reported revenue of $1.05B, up 15.5% from $909.3M the year before. Net income was -$40.4M (a -3.8% net margin), or -$0.46 per diluted share. Gross margin was 51.6% and operating margin was 3.1%. Operating activities generated $181.2M of cash, leaving $171.4M of free cash flow. At fiscal year end, Semtech held $1.41B in total assets against $860.6M in total liabilities, including $195.2M of cash and equivalents.
Open the full interactive Semtech financials → Quarterly statements, key ratios, valuation history and price charts.
Semtech Key Stats
| Share Price | $172.78 |
|---|---|
| Market Cap | $17.42B |
| Revenue YoY Growth | +15.5% |
| 52-Week Range | $62.57 – $197.20 |
| Shares Outstanding | 93.3 million (basic, 2027 Q2) |
Semtech Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $595.1M | $740.9M | $756.5M | $868.8M | $909.3M | $1.05B |
| Cost of Goods Sold | $231.6M | $274.8M | $278.0M | $572.5M | $452.8M | $507.8M |
| Gross Profit | $363.5M | $466.1M | $478.6M | $296.2M | $456.5M | $542.1M |
| Operating Income | $75.0M | $145.0M | $92.8M | -$944.3M | $49.9M | $32.6M |
| Pre-Tax Income | $63.0M | $139.1M | $78.5M | -$1.04B | -$183.4M | -$21.2M |
| Income Tax | $3.4M | $15.5M | $17.3M | $50.5M | -$22.0M | $19.8M |
| Net Income | $59.9M | $125.7M | $61.4M | -$1.09B | -$161.9M | -$40.4M |
| Diluted EPS | $0.91 | $1.92 | $0.96 | -$17.03 | -$2.26 | -$0.46 |
Semtech Quarterly Results
| 2026 Q3 | 2026 Q4 | 2027 Q1 | 2027 Q2 | |
|---|---|---|---|---|
| Revenue | $267.0M | $274.4M | $291.0M | $341.9M |
| Net Income | -$2.9M | -$29.8M | $26.6M | $160.1M |
| Diluted EPS | -$0.03 | -$0.34 | $0.27 | $1.59 |
Semtech Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $268.9M | $279.6M | $235.5M | $128.6M | $151.7M | $195.2M |
| Current Assets | $474.7M | $502.3M | $722.8M | $534.2M | $585.5M | $655.1M |
| Total Assets | $1.08B | $1.13B | $2.57B | $1.37B | $1.42B | $1.41B |
| Current Liabilities | $109.6M | $128.4M | $396.9M | $217.2M | $283.0M | $275.9M |
| Total Long-Term Debt | $179.2M | $171.7M | $1.34B | $1.37B | $551.5M | $491.2M |
| Total Liabilities | $383.4M | $393.3M | $1.81B | $1.68B | $876.8M | $860.6M |
| Shareholders' Equity | $698.7M | $737.6M | $755.9M | -$307.4M | $542.4M | $549.7M |
Semtech Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $118.9M | $203.1M | $126.7M | -$93.9M | $58.0M | $181.2M |
| Cash From Investing | -$42.9M | -$40.3M | -$1.25B | -$22.7M | -$11.9M | -$38.8M |
| Cash From Financing | -$100.5M | -$152.1M | $1.08B | $10.6M | -$21.7M | -$101.1M |
| Free Cash Flow | $86.2M | $176.9M | $98.4M | -$123.1M | $50.1M | $171.4M |
Figures from Semtech's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Semtech financials page for every line item.
Semtech Company Profile
| Ticker | SMTC |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Camarillo, California |
| Incorporated in | Delaware |
| Fiscal Year End | January 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000088941 |
Frequently Asked Questions
What was Semtech's revenue in fiscal 2026?
Semtech (SMTC) reported revenue of $1.05B for fiscal 2026.
What is Semtech's annual revenue history?
Semtech's annual revenue by fiscal year: 2021: $595.1M; 2022: $740.9M; 2023: $756.5M; 2024: $868.8M; 2025: $909.3M; 2026: $1.05B.
What was Semtech's net income in fiscal 2026?
Semtech reported net income of -$40.4M for fiscal 2026.
What was Semtech's earnings per share (EPS) in fiscal 2026?
Semtech's diluted EPS was -$0.46 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Semtech generate in fiscal 2026?
Semtech generated $171.4M of free cash flow in fiscal 2026.
What was Semtech's revenue last quarter?
In its most recent reported quarter (2027 Q2), Semtech reported revenue of $341.9M.
How much debt does Semtech have?
Semtech reported $491.2M of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Semtech are outstanding?
Semtech reported a weighted average of 93.3 million basic shares outstanding in 2027 Q2.
What is Semtech's market cap?
Based on its latest closing price, Semtech (SMTC) has a market capitalization of about $17.42B.
When does Semtech's fiscal year end?
Semtech's fiscal year end, as registered with the SEC, is January 31.
Where is Semtech headquartered?
Semtech lists its business address in Camarillo, California in its SEC filings.