What is Semtech Corp's earnings per share (EPS)?

Semtech Corp (SMTC) reported diluted earnings per share of -$0.46 for fiscal year 2026. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Semtech (SMTC) Financials

SMTC NASDAQ

Trailing 12 months to July 26, 2026

Revenue $1.2B +17.8% YoY

Net Income $154.0M +546.1% YoY

EPS (Diluted) $1.49 +204.1% YoY

Free Cash Flow $193.1M +51.3% YoY

Market Cap $13.5B as of Oct 27, 2026

Price / Sales 11.5x on $1.2B revenue, trailing 12 months to July 26, 2026

Price / Earnings 87.5x on $154.0M net income, trailing 12 months to July 26, 2026

Price / Book 18.0x on $748.9M equity, Q2 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2027, ended Jul 26, 2026 Reported Aug 26, 2026 Currency USD FYE January

Newest figures come from the 10-Q for Q2 FY2027, filed Aug 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SMTC SEC filings page.

Semtech Corp (SMTC) reported $1.2B in revenue over the twelve months to Jul 26, 2026, up 17.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SMTC FY2026 2026-10-25

Revenue growth is returning, but operating profit remains thin while cash generation and debt reduction are improving.

FY2026 produced operating cash flow of $181M despite a net loss of $40M. Free cash flow remained positive with capital expenditures at 0.9% of revenue, while inventory rose 19.6%; cash conversion therefore reflects light reinvestment alongside working-capital absorption rather than close agreement between earnings and cash.

Gross margin rebounded from 34.1% in FY2024 to 51.6% in FY2026, yet operating margin was only 3.1%; the gross-profit recovery is not flowing through proportionally to operating earnings. R&D increased 14.9% while SG&A changed -0.2%, indicating that development spending, rather than broad overhead expansion, is absorbing much of the improvement.

Debt-to-equity declined from 1.7x in FY2023 to 0.9x in FY2026, showing a less debt-heavy capital structure. The current ratio rose from 1.8x to 2.4x, meaning short-term coverage improved alongside the deleveraging.

Financial Health Signals

Financial Health Score 37/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Semtech Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Semtech Corp has an operating margin of 3.1%, meaning the company retains $3 of operating profit per $100 of revenue. Among its peers this margin ranks in the lower range, for a profitability score of 11/100. This is down from 5.5% the prior year.

Growth

Semtech Corp's revenue surged 15.5% year-over-year to $1.0B, reflecting rapid business expansion. This strong growth earns a score of 65/100.

Leverage

Semtech Corp has elevated debt relative to equity (D/E of 0.89), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 12/100, reflecting increased financial risk.

Liquidity

With a current ratio of 2.37, Semtech Corp holds $2.37 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.

Cash Flow

Semtech Corp has a free cash flow margin of 16.3%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Semtech Corp posts a -7.3% return on equity (ROE), meaning it loses $7 for every $100 of shareholders' equity. This results in a returns score of 13/100. This is up from -29.8% the prior year.

Altman Z-Score Safe

10.10

Semtech Corp scores 10.10, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $13.5B against total liabilities of $860.6M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

Semtech Corp passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

N/A

Semtech Corp reported a net loss of $40.4M while generating $181.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

0.80x

Semtech Corp earns $0.80 in operating income for every $1 of interest expense ($32.6M vs $40.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$341.9M

YoY+32.7%

QoQ+17.5%

5Y CAGR+13.1%

10Y CAGR+9.7%

Semtech Corp generated $341.9M in revenue in Q2 2027. This represents an increase of 32.7% from the same quarter a year earlier. Against the prior quarter it is up 17.5%.

EBITDA

$74.7M

YoYn/m

QoQ+113.7%

5Y CAGR+10.9%

10Y CAGR+10.2%

Semtech Corp's EBITDA was $74.7M in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 113.7%.

Net Income

$160.1M

YoYn/m

QoQ+502.8%

5Y CAGR+37.2%

10Y CAGR+33.4%

Semtech Corp reported $160.1M in net income in Q2 2027. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 502.8%.

EPS (Diluted)

$1.59

YoYn/m

QoQ+488.9%

Semtech Corp earned $1.59 per diluted share (EPS) in Q2 2027. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 488.9%.

Cash & Balance Sheet

Free Cash Flow

$61.4M

YoY+47.9%

QoQ+119.2%

5Y CAGR+5.9%

10Y CAGR+7.8%

Semtech Corp generated $61.4M in free cash flow in Q2 2027, representing cash available after capex. This represents an increase of 47.9% from the same quarter a year earlier. Against the prior quarter it is up 119.2%.

Cash & Debt

$204.1M

YoY+21.1%

QoQ+24.9%

5Y CAGR-4.9%

10Y CAGR-1.6%

Semtech Corp held $204.1M in cash against $349.4M in long-term debt as of Q2 2027.

Shares Outstanding

93M

YoY+7.5%

QoQ+0.2%

Semtech Corp had 93M shares outstanding in Q2 2027. This represents an increase of 7.5% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Dividends Per Share

Not reported for Q2 2027.

Margins & Returns

Gross Margin

53.8%

YoY+1.7pp

QoQ+1.7pp

5Y change-8.6pp

10Y change-6.4pp

Semtech Corp's gross margin was 53.8% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.

Operating Margin

16.3%

YoY+22.6pp

QoQ+7.4pp

5Y change-3.5pp

10Y change+4.2pp

Semtech Corp's operating margin was 16.3% in Q2 2027, reflecting core business profitability. This is up 22.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.4 percentage points.

Net Margin

46.8%

YoY+57.4pp

QoQ+37.7pp

5Y change+29.0pp

10Y change+40.2pp

Semtech Corp's net profit margin was 46.8% in Q2 2027, showing the share of revenue converted to profit. This is up 57.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 37.7 percentage points.

Return on Equity

21.4%

YoY+26.3pp

QoQ+16.8pp

Semtech Corp's quarterly ROE was 21.4% in Q2 2027: one quarter's net income over shareholder equity, not annualized. This is up 26.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 16.8 percentage points.

Capital Allocation

R&D Spending

$60.6M

YoY+25.7%

QoQ+5.2%

5Y CAGR+11.3%

Semtech Corp invested $60.6M in research and development in Q2 2027. This represents an increase of 25.7% from the same quarter a year earlier. Against the prior quarter it is up 5.2%.

Capital Expenditures

$7.5M

YoY+159.7%

QoQ-8.3%

5Y CAGR+1.4%

10Y CAGR+11.0%

Semtech Corp invested $7.5M in capex in Q2 2027, funding long-term assets and infrastructure. This represents an increase of 159.7% from the same quarter a year earlier. Against the prior quarter it is down 8.3%.

Share Buybacks

Not reported for Q2 2027.

SMTC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SMTC quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$1.2B	$1.0B+15.5%	$909.3M+4.7%	$868.8M+14.8%	$756.5M+2.1%	$740.9M+24.5%	$595.1M+8.7%	$547.5M-12.7%	$627.2M+6.7%	$587.8M+8.0%	$544.3M+11.0%	$490.2M-12.1%	$557.9M-6.2%	$595.0M+2.8%	$578.8M+20.4%	$480.6M
Cost of Revenue	$562.2M	$507.8M+12.2%	$452.8M-20.9%	$572.5M+106.0%	$278.0M-0.6%	$279.7M+16.9%	$239.2M+13.5%	$210.8M-15.7%	$250.2M+6.1%	$235.9M+7.5%	$219.4M+11.3%	$197.1M-14.0%	$229.1M	N/A	$264.2M+35.5%	$195.0M
Gross Profit	$612.0M	$542.1M+18.8%	$456.5M+54.1%	$296.3M-38.1%	$478.6M+3.8%	$461.1M+29.6%	$355.9M+5.7%	$336.7M-10.7%	$377.0M+7.1%	$352.0M+8.3%	$324.9M+10.8%	$293.1M-10.9%	$328.8M-1.9%	$335.2M+6.5%	$314.6M+10.1%	$285.6M
R&D Expenses	$218.8M	$196.3M+14.9%	$170.9M-8.3%	$186.4M+11.7%	$166.9M+12.9%	$147.9M+25.9%	$117.5M+9.5%	$107.4M-1.5%	$109.0M+3.8%	$105.1M+2.5%	$102.5M-9.9%	$113.7M-4.7%	$119.4M-13.1%	$137.4M+14.5%	$120.0M+48.9%	$80.6M
SG&A Expenses	$250.9M	$221.9M-0.2%	$222.4M+1.0%	$220.2M-2.0%	$224.8M+33.6%	$168.2M+3.3%	$162.8M-0.2%	$163.1M+12.3%	$145.2M-2.0%	$148.1M+6.8%	$138.7M-1.4%	$140.7M+10.7%	$127.1M+0.9%	$126.0M-15.5%	$149.1M+48.1%	$100.6M
Operating Income	$94.4M	$32.6M-34.8%	$49.9Mn/m	-$944.3M-1117.6%	$92.8M-36.0%	$145.0M+93.5%	$75.0M+44.1%	$52.0M-50.7%	$105.5M+58.4%	$66.6M-20.8%	$84.1M+180.3%	$30.0M-29.0%	$42.3Mn/m	-$108.9M-798.7%	$15.6M-83.3%	$93.6M
EBITDA	N/A	$63.1M-24.9%	$84.0Mn/m	-$900.1M-853.7%	$119.4M-30.2%	$171.0M+72.5%	$99.1M+8.2%	$91.6M-41.0%	$155.1M+34.2%	$115.6M-11.8%	$131.1M+66.1%	$78.9M-18.5%	$96.8Mn/m	-$87.1M-360.1%	$33.5M-70.1%	$112.1M
Interest Expense	$31.9M	$40.6M-54.9%	$90.1M-6.0%	$95.8M+443.0%	$17.6M+246.6%	$5.1M-4.6%	$5.3M-38.1%	$8.6M-0.6%	$8.7M+17.3%	$7.4M	N/A	$7.8M+31.9%	$5.9M-67.4%	$18.2M+26.5%	$14.4Mn/m	$0
Income Tax	-$94.9M	$19.8Mn/m	-$22.0M-143.6%	$50.5M+191.3%	$17.3M+11.6%	$15.5M+352.1%	$3.4M-73.2%	$12.8M+3513.5%	$355K-98.4%	$22.9M+24.2%	$18.4M+107.1%	$8.9M+3.9%	$8.5M-76.2%	$36.0Mn/m	-$41.7M-918.7%	$5.1M
Net Income	$154.0M	-$40.4Mn/m	-$161.9Mn/m	-$1.1B-1879.1%	$61.4M-51.2%	$125.7M+109.8%	$59.9M+88.0%	$31.9M-54.2%	$69.6M+101.0%	$34.6M-36.6%	$54.7M+375.4%	$11.5M-58.9%	$27.9Mn/m	-$164.5M-492.2%	$41.9M-52.9%	$89.1M
EPS (Basic)	N/A	-$0.46n/m	-$2.26n/m	-$17.03-1874.0%	$0.96-50.5%	$1.94+110.9%	$0.92+91.7%	$0.48-54.7%	$1.06+103.8%	$0.52-38.1%	$0.84+366.7%	$0.18-57.1%	$0.42n/m	-$2.44-481.3%	$0.64-53.3%	$1.37
EPS (Diluted)	$1.49	-$0.46n/m	-$2.26n/m	-$17.03-1874.0%	$0.96-50.0%	$1.92+111.0%	$0.91+93.6%	$0.47-53.9%	$1.02+100.0%	$0.51-38.6%	$0.83+388.2%	$0.17-58.5%	$0.41n/m	-$2.44-493.5%	$0.62-53.0%	$1.32
Diluted Shares (Avg)	N/A	88M+23.4%	72M+11.7%	64M+0.2%	64M-2.4%	66M-0.7%	66M-2.0%	67M-1.6%	68M+1.3%	68M+2.3%	66M+0.2%	66M-2.5%	68M+0.3%	67M0.0%	67M+0.2%	67M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Revenue	$341.9M+32.7%	$291.0M+15.9%	$274.4M+9.3%	$267.0M+12.7%	$257.6M+19.6%	$251.1M+21.8%	$251.0M+30.1%	$236.8M+17.9%
Cost of Revenue	$158.1M+28.0%	$139.6M+16.5%	$136.1M+12.9%	$128.5M+10.9%	$123.5M+12.4%	$119.8M+12.4%	$120.5M-37.7%	$115.9M+7.3%
Gross Profit	$183.8M+37.0%	$151.5M+15.4%	$138.3M+6.0%	$138.5M+14.5%	$134.1M+27.2%	$131.3M+31.8%	$130.5Mn/m	$121.0M+30.1%
R&D Expenses	$60.6M+25.7%	$57.6M+21.1%	$51.2M+9.8%	$49.4M+16.1%	$48.2M+20.2%	$47.5M+14.2%	$46.7M+12.4%	$42.6M-9.3%
SG&A Expenses	$67.3M+15.2%	$66.6M+43.4%	$59.8M+9.7%	$57.1M-4.5%	$58.5M+4.8%	$46.4M-11.1%	$54.5M-1.2%	$59.8M+25.4%
Operating Income	$55.8Mn/m	$25.8M-28.3%	-$18.3M-186.0%	$31.1M+74.6%	-$16.2M-308.4%	$36.0M+1044.4%	$21.2Mn/m	$17.8Mn/m
EBITDA	$74.7Mn/m	$35.0M-24.3%	-$18.4M-183.1%	$41.2M+47.5%	-$5.9M-128.9%	$46.2M+238.2%	$22.1Mn/m	$27.9M+174.7%
Interest Expense	$711K-85.0%	$766K-85.9%	$27.0M+25.1%	$3.4M-83.9%	$4.7M-79.9%	$5.4M-77.0%	$21.6M-15.6%	$21.3M-16.6%
Income Tax	-$101.4M-2214.8%	$112K-98.7%	-$937Kn/m	$7.3M+82.8%	$4.8M+13.7%	$8.7M+192.7%	-$33.2Mn/m	$4.0Mn/m
Net Income	$160.1Mn/m	$26.6M+37.3%	-$29.8M-176.1%	-$2.9Mn/m	-$27.1Mn/m	$19.3Mn/m	$39.1Mn/m	-$7.6Mn/m
EPS (Basic)	$1.72n/m	$0.29+31.8%	-$0.34	-$0.03n/m	-$0.31n/m	$0.22n/m	$0.68n/m	-$0.10n/m
EPS (Diluted)	$1.59n/m	$0.27+22.7%	-$0.34	-$0.03n/m	-$0.31n/m	$0.22n/m	$0.68n/m	-$0.10n/m
Diluted Shares (Avg)	101M+16.3%	98M+9.4%	N/A	88M+16.4%	87M+32.8%	90M+38.9%	N/A	75M+17.3%

SMTC Balance Sheet

SMTC quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$1.4B-0.6%	$1.4B+3.3%	$1.4B-46.5%	$2.6B+127.2%	$1.1B+4.5%	$1.1B+2.8%	$1.1B-1.0%	$1.1B-2.1%	$1.1B+7.4%	$1.0B+11.0%	$911.5M-1.9%	$929.4M-2.1%	$948.9M-19.0%	$1.2B+61.2%	$726.3M
Current Assets	$655.1M+11.9%	$585.5M+9.6%	$534.2M-26.1%	$722.8M+43.9%	$502.3M+5.8%	$474.7M+3.0%	$460.7M-5.1%	$485.3M+5.2%	$461.2M+5.2%	$438.4M+28.5%	$341.2M-14.0%	$396.7M+0.8%	$393.6M-3.1%	$406.0M-5.0%	$427.3M
Cash & Equivalents	$195.2M+28.6%	$151.7M+18.0%	$128.6M-45.4%	$235.5M-15.8%	$279.6M+4.0%	$268.9M-8.3%	$293.3M-6.0%	$312.1M+1.4%	$307.9M+3.6%	$297.1M+40.3%	$211.8M-8.0%	$230.3M-5.3%	$243.2M+9.0%	$223.2M-1.7%	$227.0M
Short-Term Investments	$0-100.0%	$12.7M-12.6%	$14.5M+15.8%	$12.6M+1.2%	$12.4Mn/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0-100.0%	$5.0M-94.0%	$83.1M
Inventory	$195.7M+19.6%	$163.6M+12.8%	$145.0M-30.2%	$207.7M+82.2%	$114.0M+30.3%	$87.5M+19.8%	$73.0M+14.7%	$63.7M-10.4%	$71.1M+7.9%	$65.9M+3.1%	$63.9M-13.3%	$73.7M+22.2%	$60.3M-19.5%	$74.9M+59.3%	$47.0M
Accounts Receivable	$160.6M-1.2%	$162.5M+21.0%	$134.3M-16.9%	$161.7M+126.1%	$71.5M+1.5%	$70.4M+13.7%	$61.9M-21.8%	$79.2M+49.0%	$53.2M+3.4%	$51.4M+16.6%	$44.1M-36.3%	$69.3M+4.5%	$66.3M-4.1%	$69.2M+39.3%	$49.6M
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0-100.0%	$3.7M-53.5%	$7.9M-54.9%	$17.5M
Goodwill	$457.9M-14.1%	$533.1M-1.5%	$541.2M-57.8%	$1.3B+265.0%	$351.1M0.0%	$351.1M0.0%	$351.1M0.0%	$351.1M+2.7%	$341.9M+3.7%	$329.7M0.0%	$329.7M+17.6%	$280.3M+1.2%	$276.9M-29.6%	$393.6M+203.6%	$129.7M
Total Liabilities	$860.6M-1.8%	$876.8M-47.8%	$1.7B-7.3%	$1.8B+361.1%	$393.3M+2.6%	$383.4M+2.1%	$375.5M-1.2%	$380.2M-9.6%	$420.8M+3.6%	$406.3M+5.9%	$383.5M+1.4%	$378.1M-8.5%	$413.1M-13.2%	$476.2M+395.3%	$96.1M
Current Liabilities	$275.9M-2.5%	$283.0M+30.3%	$217.2M-45.3%	$396.9M+209.1%	$128.4M+17.2%	$109.6M+11.1%	$98.6M-24.1%	$129.9M+2.9%	$126.2M+2.6%	$123.0M+18.4%	$103.9M-3.8%	$108.0M-2.6%	$110.9M-29.7%	$157.7M+135.4%	$67.0M
Non-Current Liabilities	$584.7M-1.5%	$593.8M-59.4%	$1.5B+3.3%	$1.4B+434.8%	$264.9M-3.2%	$273.8M-1.1%	$276.8M+10.6%	$250.3M-15.0%	$294.6M+4.0%	$283.3M+1.3%	$279.6M+3.5%	$270.0M-10.6%	$302.2M-5.1%	$318.5M+992.6%	$29.2M
Long-Term Debt	$491.2M-2.9%	$505.9M-63.1%	$1.4B+5.7%	$1.3B+655.5%	$171.7M-4.2%	$179.2M-8.0%	$194.7M+1.0%	$192.8M-8.7%	$211.1M-6.8%	$226.5M-5.3%	$239.2M+1.9%	$234.7M-14.1%	$273.3M-3.2%	$282.3Mn/m	$0
Total Equity	$549.7M+1.3%	$542.4Mn/m	-$307.4M-140.7%	$755.9M+2.5%	$737.6M+5.6%	$698.7M+3.2%	$677.0M-0.8%	$682.6M+2.6%	$665.4M+9.9%	$605.3M+14.6%	$528.1M-4.2%	$551.4M+2.9%	$535.8M-22.9%	$694.8M+10.3%	$630.2M
Retained Earnings	-$436.1Mn/m	-$395.7Mn/m	-$233.8M-127.2%	$858.2M+7.7%	$796.9M+18.7%	$671.2M+9.7%	$611.6M+5.5%	$579.7M+15.8%	$500.6M+7.0%	$467.9M+13.2%	$413.3M+2.9%	$401.8M+7.5%	$373.8M-30.6%	$538.3M+8.4%	$496.4M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Total Assets	$1.6B+17.2%	$1.4B+0.5%	$1.4B-0.6%	$1.4B+1.9%	$1.4B+2.8%	$1.4B+4.0%	$1.4B+3.3%	$1.4B-32.3%
Current Assets	$742.8M+20.8%	$648.7M+8.5%	$655.1M+11.9%	$620.9M+11.3%	$614.9M+13.5%	$598.0M+10.9%	$585.5M+9.6%	$557.8M-2.6%
Cash & Equivalents	$204.1M+21.1%	$163.3M+4.4%	$195.2M+28.6%	$164.7M+20.6%	$168.6M+45.4%	$156.5M+23.4%	$151.7M+18.0%	$136.5M+10.2%
Short-Term Investments	$0n/m	$0n/m	$0-100.0%	$0n/m	$0n/m	$0n/m	$12.7M-12.6%	$0n/m
Inventory	$170.8M-6.8%	$204.7M+20.2%	$195.7M+19.6%	$185.7M+13.6%	$183.3M+17.5%	$170.2M+14.6%	$163.6M+12.8%	$163.5M+1.8%
Accounts Receivable	$169.9M+10.7%	$174.8M+5.5%	$160.6M-1.2%	$164.8M+15.7%	$153.5M+0.3%	$165.7M+7.7%	$162.5M+21.0%	$142.5M-9.0%
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Goodwill	$478.2M-2.8%	$470.9M-11.8%	$457.9M-14.1%	$492.1M-9.1%	$492.2M-9.0%	$533.8M-1.3%	$533.1M-1.5%	$541.3M-46.6%
Total Liabilities	$898.2M+5.3%	$865.6M+0.3%	$860.6M-1.8%	$840.2M-44.7%	$853.0M-43.5%	$863.1M-48.9%	$876.8M-47.8%	$1.5B-10.9%
Current Liabilities	$437.4M+79.9%	$273.7M+16.0%	$275.9M-2.5%	$255.1M+8.3%	$243.1M+8.2%	$236.0M+4.9%	$283.0M+30.3%	$235.5M-1.5%
Non-Current Liabilities	$460.8M-24.4%	$591.9M-5.6%	$584.7M-1.5%	$585.1M-54.4%	$609.9M-52.5%	$627.2M-57.2%	$593.8M-59.4%	$1.3B-12.4%
Long-Term Debt	$349.4M-32.7%	$492.0M-9.3%	$491.2M-2.9%	$490.5M-58.8%	$518.9M-56.5%	$542.6M-60.5%	$505.9M-63.1%	$1.2B-13.3%
Total Equity	$748.9M+35.4%	$573.3M+0.8%	$549.7M+1.3%	$565.7Mn/m	$552.9Mn/m	$568.8Mn/m	$542.4Mn/m	-$139.7M-141.8%
Retained Earnings	-$249.4Mn/m	-$409.5Mn/m	-$436.1Mn/m	-$406.3Mn/m	-$403.4Mn/m	-$376.3Mn/m	-$395.7Mn/m	-$434.8M-206.4%

SMTC Cash Flow Statement

SMTC quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$214.0M	$181.2M+212.4%	$58.0Mn/m	-$93.9M-174.1%	$126.7M-37.6%	$203.1M+70.8%	$118.9M+0.3%	$118.6M-35.4%	$183.6M+64.7%	$111.5M-5.2%	$117.6M+15.2%	$102.1M-3.8%	$106.2M-10.0%	$118.0M+15.7%	$102.0M+2.1%	$99.8M
Depreciation & Amortization	N/A	$30.5M-10.4%	$34.1M-22.9%	$44.2M+66.1%	$26.6M+2.4%	$26.0M+7.5%	$24.2M-38.9%	$39.6M-20.3%	$49.6M+1.3%	$49.0M+4.1%	$47.1M-3.8%	$48.9M-10.3%	$54.5M+150.2%	$21.8M+21.8%	$17.9M-3.5%	$18.5M
Stock-Based Compensation	N/A	$57.7M-15.2%	$68.0M+69.4%	$40.2M+2.3%	$39.2M-23.3%	$51.2M-3.4%	$53.0M+1.8%	$52.0M-22.1%	$66.8M+33.5%	$50.1M+62.4%	$30.8M+50.6%	$20.5M-30.9%	$29.6M+20.5%	$24.6M+0.2%	$24.5M+2.1%	$24.0M
Capital Expenditures	$20.9M	$9.8M+24.4%	$7.9M-73.1%	$29.2M+3.0%	$28.3M+8.2%	$26.2M-20.0%	$32.7M+42.0%	$23.1M+35.2%	$17.1M-51.9%	$35.5M+7.7%	$32.9M+152.7%	$13.0M-59.0%	$31.8M-14.5%	$37.2M+59.7%	$23.3M+7.9%	$21.6M
Free Cash Flow	$193.1M	$171.4M+241.9%	$50.1Mn/m	-$123.1M-225.1%	$98.4M-44.4%	$176.9M+105.3%	$86.2M-9.8%	$95.6M-42.6%	$166.5M+119.0%	$76.0M-10.2%	$84.7M-4.9%	$89.0M+19.7%	$74.4M-7.9%	$80.8M+2.7%	$78.7M+0.6%	$78.3M
Investing Cash Flow	-$86.4M	-$38.8Mn/m	-$11.9Mn/m	-$22.7Mn/m	-$1.2Bn/m	-$40.3Mn/m	-$42.9Mn/m	-$34.3Mn/m	-$36.2Mn/m	-$65.9Mn/m	-$13.5Mn/m	-$66.8Mn/m	-$41.1Mn/m	-$33.9Mn/m	-$431.0M-3200.8%	$13.9M
Financing Cash Flow	-$92.4M	-$101.1Mn/m	-$21.7M-305.3%	$10.6M-99.0%	$1.1Bn/m	-$152.1Mn/m	-$100.5Mn/m	-$103.1Mn/m	-$143.1Mn/m	-$34.8Mn/m	-$18.8Mn/m	-$53.8Mn/m	-$77.9Mn/m	-$64.0M-119.7%	$325.1Mn/m	-$5.7M
Share Buybacks	N/A	N/A	$0n/m	$0-100.0%	$50.0M-61.5%	$129.7M+81.6%	$71.4M+1.7%	$70.2M-39.6%	$116.2M+682.6%	$14.8M+1377.5%	$1.0M-98.2%	$57.3M+40.1%	$40.9M+36.4%	$30.0M+286.2%	$7.8M-84.7%	$50.7M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Operating Cash Flow	$68.9M+55.2%	$36.2M+30.0%	$61.5M+83.6%	$47.5M+60.5%	$44.4Mn/m	$27.8Mn/m	$33.5M+140.6%	$29.6Mn/m
Depreciation & Amortization	$18.9M+83.4%	$9.2M-10.1%	-$102K-111.7%	$10.1M-0.1%	$10.3M-17.9%	$10.2M-3.0%	$873Kn/m	$10.1M-55.0%
Stock-Based Compensation	$23.8M+37.9%	$26.4M+286.9%	N/A	$17.1M-6.9%	$17.3M+0.9%	$6.8M-55.1%	N/A	$18.4M+181.5%
Capital Expenditures	$7.5M+159.7%	$8.2M+395.3%	$2.4M-7.7%	$2.8M+483.6%	$2.9M-15.5%	$1.6M+23.7%	$2.6M+53.8%	$483K-92.7%
Free Cash Flow	$61.4M+47.9%	$28.0M+7.0%	$59.1M+91.4%	$44.6M+53.5%	$41.5Mn/m	$26.2Mn/m	$30.9M+152.8%	$29.1Mn/m
Investing Cash Flow	-$15.3Mn/m	-$42.5Mn/m	-$24.5Mn/m	-$4.1Mn/m	-$5.1Mn/m	-$5.1M-383.1%	-$7.8M-318.6%	-$1.4Mn/m
Financing Cash Flow	-$12.6Mn/m	-$25.8Mn/m	-$7.0Mn/m	-$47.1Mn/m	-$27.7Mn/m	-$19.4Mn/m	-$9.6Mn/m	-$7.5Mn/m

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

SMTC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SMTC quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	51.6%+1.4pp	50.2%+16.1pp	34.1%-29.2pp	63.3%+1.0pp	62.2%+2.4pp	59.8%-1.7pp	61.5%+1.4pp	60.1%+0.2pp	59.9%+0.2pp	59.7%-0.1pp	59.8%+0.8pp	58.9%+2.6pp	56.3%+2.0pp	54.4%-5.1pp	59.4%
Operating Margin	3.1%-2.4pp	5.5%	-108.7%	12.3%-7.3pp	19.6%+7.0pp	12.6%+3.1pp	9.5%-7.3pp	16.8%+5.5pp	11.3%-4.1pp	15.4%+9.3pp	6.1%-1.5pp	7.6%+25.9pp	-18.3%-21.0pp	2.7%-16.8pp	19.5%
Net Margin	-3.9%+13.9pp	-17.8%	-125.7%	8.1%-8.8pp	17.0%+6.9pp	10.1%+4.3pp	5.8%-5.3pp	11.1%+5.2pp	5.9%-4.2pp	10.0%+7.7pp	2.4%-2.7pp	5.0%+32.6pp	-27.6%-34.9pp	7.2%-11.3pp	18.5%
Return on Equity	-7.3%+22.5pp	-29.8%	N/A	8.1%-8.9pp	17.0%+8.5pp	8.6%+3.9pp	4.7%-5.5pp	10.2%+5.0pp	5.2%-3.8pp	9.0%+6.9pp	2.2%-2.9pp	5.1%+35.8pp	-30.7%-36.7pp	6.0%-8.1pp	14.1%
Return on Assets	-2.9%+8.5pp	-11.4%+68.1pp	-79.5%-81.9pp	2.4%-8.7pp	11.1%+5.6pp	5.5%+2.5pp	3.0%-3.5pp	6.6%+3.4pp	3.2%-2.2pp	5.4%+4.1pp	1.3%-1.7pp	3.0%+20.3pp	-17.3%-20.9pp	3.6%-8.7pp	12.3%
Current Ratio	2.37+0.3x	2.07-0.4x	2.46+0.6x	1.82-2.1x	3.91-0.4x	4.33-0.3x	4.67+0.9x	3.74+0.1x	3.65+0.1x	3.57+0.3x	3.28-0.4x	3.67+0.1x	3.55+1.0x	2.57-3.8x	6.38
Debt-to-Equity	0.890.0x	0.93	N/A	1.72+1.5x	0.230.0x	0.260.0x	0.290.0x	0.280.0x	0.32-0.1x	0.37-0.1x	0.450.0x	0.43-0.1x	0.51+0.1x	0.41+0.4x	0.00
Liabilities-to-Equity	1.57-0.1x	1.62	N/A	2.40+1.9x	0.530.0x	0.550.0x	0.550.0x	0.56-0.1x	0.630.0x	0.67-0.1x	0.730.0x	0.69-0.1x	0.77+0.1x	0.69+0.5x	0.15
Asset Turnover	0.74+0.1x	0.640.0x	0.63+0.3x	0.29-0.4x	0.66+0.1x	0.550.0x	0.52-0.1x	0.590.0x	0.540.0x	0.540.0x	0.54-0.1x	0.600.0x	0.63+0.1x	0.49-0.2x	0.66
FCF Margin	16.3%+10.8pp	5.5%+19.7pp	-14.2%-27.2pp	13.0%-10.9pp	23.9%+9.4pp	14.5%-3.0pp	17.4%-9.1pp	26.6%+13.6pp	12.9%-2.6pp	15.6%-2.6pp	18.2%+4.8pp	13.3%-0.2pp	13.6%0.0pp	13.6%-2.7pp	16.3%

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Gross Margin	53.8%+1.7pp	52.0%-0.2pp	50.4%-1.6pp	51.9%+0.8pp	52.1%+3.1pp	52.3%+4.0pp	52.0%+52.2pp	51.1%+4.8pp
Operating Margin	16.3%+22.6pp	8.9%-5.5pp	-6.7%-15.1pp	11.6%+4.1pp	-6.3%-9.9pp	14.3%+12.8pp	8.5%	7.5%+13.7pp
Net Margin	46.8%+57.4pp	9.1%+1.4pp	-10.9%-26.5pp	-1.1%+2.1pp	-10.5%+68.6pp	7.7%+18.9pp	15.6%	-3.2%+15.8pp
Return on Equity	21.4%+26.3pp	4.6%+1.2pp	-5.4%-12.6pp	-0.5%	-4.9%	3.4%	7.2%	N/A
Return on Assets	9.7%+11.6pp	1.8%+0.5pp	-2.1%-4.9pp	-0.2%+0.3pp	-1.9%+10.5pp	1.4%+3.0pp	2.8%+49.5pp	-0.5%+1.3pp
Current Ratio	1.70-0.8x	2.37-0.2x	2.37+0.3x	2.43+0.1x	2.53+0.1x	2.53+0.1x	2.07-0.4x	2.370.0x
Debt-to-Equity	0.47-0.5x	0.86-0.1x	0.890.0x	0.87	0.94	0.95	0.93	N/A
Liabilities-to-Equity	1.20-0.3x	1.510.0x	1.57-0.1x	1.49	1.54	1.52	1.62	N/A
Asset Turnover	0.210.0x	0.200.0x	0.190.0x	0.190.0x	0.180.0x	0.180.0x	0.180.0x	0.17+0.1x
FCF Margin	18.0%+1.8pp	9.6%-0.8pp	21.5%+9.2pp	16.7%+4.4pp	16.1%+20.0pp	10.4%+11.1pp	12.3%+6.0pp	12.3%+18.5pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Semtech Corp SMTC	FY2026	$1.0B	-$40.4M	-3.9%	$13.5B	37/100
Allegro MicroSystems, Inc. ALGM	FY2026	$890.1M	-$14.9M	-1.7%	$6.0B	47/100
Cirrus Logic Inc CRUS	FY2026	$2.0B	$414.4M	20.8%	$5.7B	82/100
Impinj, Inc. PI	FY2025	$361.1M	-$10.8M	-3.0%	$5.3B	44/100
Silicon Laboratories Inc SLAB	FY2025	$784.8M	-$64.9M	-8.3%	$7.4B	74/100
Tower Semiconductor Ltd TSEM	FY2025	$1.6B	$220.5M	14.1%	$20.3B	67/100

Where Semtech Corp Ranks

Frequently Asked Questions

What is Semtech Corp's annual revenue?

Semtech Corp (SMTC) reported $1.0B in total revenue for fiscal year 2026. This represents a 15.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Semtech Corp's revenue growing?

Semtech Corp (SMTC) revenue grew by 15.5% year-over-year, from $909.3M to $1.0B in fiscal year 2026.

Is Semtech Corp profitable?

Yes, Semtech Corp (SMTC) reported a net income of $154.0M over the trailing 12 months to July 26, 2026. In fiscal year 2026 it reported a net loss of $40.4M, with a net profit margin of -3.9%.

What is Semtech Corp's EBITDA?

Semtech Corp (SMTC) had EBITDA of $63.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Semtech Corp have?

As of fiscal year 2026, Semtech Corp (SMTC) had $195.2M in cash and equivalents against $491.2M in long-term debt.

What is Semtech Corp's gross margin?

Semtech Corp (SMTC) had a gross margin of 51.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Semtech Corp's operating margin?

Semtech Corp (SMTC) had an operating margin of 3.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Semtech Corp's net profit margin?

Semtech Corp (SMTC) had a net profit margin of -3.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Semtech Corp's return on equity (ROE)?

Semtech Corp (SMTC) has a return on equity of -7.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Semtech Corp's free cash flow?

Semtech Corp (SMTC) generated $171.4M in free cash flow during fiscal year 2026. This represents a 241.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Semtech Corp's operating cash flow?

Semtech Corp (SMTC) generated $181.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Semtech Corp's total assets?

Semtech Corp (SMTC) had $1.4B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Semtech Corp's capital expenditures?

Semtech Corp (SMTC) invested $9.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Semtech Corp spend on research and development?

Semtech Corp (SMTC) invested $196.3M in research and development during fiscal year 2026.

How many shares does Semtech Corp have outstanding?

Semtech Corp (SMTC) had 93M shares outstanding as of fiscal year 2026.

What is Semtech Corp's current ratio?

Semtech Corp (SMTC) had a current ratio of 2.37 as of fiscal year 2026, which is generally considered healthy.

What is Semtech Corp's debt-to-equity ratio?

Semtech Corp (SMTC) had a debt-to-equity ratio of 0.89 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Semtech Corp's liabilities-to-equity ratio?

Semtech Corp (SMTC) had a liabilities-to-equity ratio of 1.57 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Semtech Corp's return on assets (ROA)?

Semtech Corp (SMTC) had a return on assets of -2.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Semtech Corp's P/E ratio?

Semtech Corp (SMTC) trades at 87.5x earnings, its market capitalization divided by $154.0M net income, trailing 12 months to July 26, 2026. The market capitalization is $13.5B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Semtech Corp's price-to-sales ratio?

Semtech Corp (SMTC) trades at 11.5x sales, its market capitalization divided by $1.2B revenue, trailing 12 months to July 26, 2026. The market capitalization is $13.5B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Semtech Corp's Altman Z-Score?

Semtech Corp (SMTC) has an Altman Z-Score of 10.10, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Semtech Corp's Piotroski F-Score?

Semtech Corp (SMTC) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Semtech Corp's earnings high quality?

Semtech Corp (SMTC) reported a net loss of $40.4M while generating $181.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Semtech Corp cover its interest payments?

Semtech Corp (SMTC) has an interest coverage ratio of 0.80x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Semtech Corp?

Semtech Corp (SMTC) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.