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Stocks · Technology · Semiconductors & Related Devices

SEMTECH CORP

SMTC Clue Score35
United States Fiscal year ends January CIK 0000088941
$187.30 -0.10% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $187.30 +144.58% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue544.3Operating income84.1Net income54.7EPS, diluted0.83Fiscal year 2018Revenue587.8 +8.0%Operating income66.6Net income34.6 −36.6%EPS, diluted0.51 −38.6%Fiscal year 2019Revenue627.2 +6.7%Operating income105.5Net income69.6 +101.0%EPS, diluted1.02 +100.0%Fiscal year 2020Revenue547.5 −12.7%Operating income52.0Net income31.9 −54.2%EPS, diluted0.47 −53.9%Fiscal year 2021Revenue595.1 +8.7%Operating income75.0Net income59.9 +88.0%EPS, diluted0.91 +93.6%Fiscal year 2022Revenue740.9 +24.5%Operating income145.0Net income125.7 +109.8%EPS, diluted1.92 +111.0%Fiscal year 2023Revenue756.5 +2.1%Operating income92.8Net income61.4 −51.2%EPS, diluted0.96 −50.0%Fiscal year 2024Revenue868.8 +14.8%Operating income−944.3Net income−1,092.0 −1,879.1%EPS, diluted−17.03 −1,874.0%Fiscal year 2025Revenue909.3 +4.7%Operating income49.9Net income−161.9EPS, diluted−2.26Fiscal year 2026Revenue1,050.0 +15.5%Operating income32.6Net income−40.4EPS, diluted−0.46
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 544.3 587.8 627.2 547.5 595.1 740.9 756.5 868.8 909.3 1,050.0
Growth +8.0% +6.7% −12.7% +8.7% +24.5% +2.1% +14.8% +4.7% +15.5%
Operating income 84.1 66.6 105.5 52.0 75.0 145.0 92.8 −944.3 49.9 32.6
Net income 54.7 34.6 69.6 31.9 59.9 125.7 61.4 −1,092.0 −161.9 −40.4
Growth −36.6% +101.0% −54.2% +88.0% +109.8% −51.2% −1,879.1%
EPS, diluted 0.83 0.51 1.02 0.47 0.91 1.92 0.96 −17.03 −2.26 −0.46
Growth −38.6% +100.0% −53.9% +93.6% +111.0% −50.0% −1,874.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin59.7%Operating margin15.4%Net margin10.0%Free cash flow margin15.6%Fiscal year 2018Gross margin59.9%Operating margin11.3%Net margin5.9%Free cash flow margin12.9%Fiscal year 2019Gross margin60.1%Operating margin16.8%Net margin11.1%Free cash flow margin26.5%Fiscal year 2020Gross margin61.5%Operating margin9.5%Net margin5.8%Free cash flow margin17.5%Fiscal year 2021Gross margin59.8%Operating margin12.6%Net margin10.1%Free cash flow margin14.5%Fiscal year 2022Gross margin62.2%Operating margin19.6%Net margin17.0%Free cash flow margin23.9%Fiscal year 2023Gross margin63.3%Operating margin12.3%Net margin8.1%Free cash flow margin13.0%Fiscal year 2024Gross margin34.1%Operating margin−108.7%Net margin−125.7%Free cash flow margin−14.2%Fiscal year 2025Gross margin50.2%Operating margin5.5%Net margin−17.8%Free cash flow margin5.5%Fiscal year 2026Gross margin51.6%Operating margin3.1%Net margin−3.8%Free cash flow margin16.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 59.7% 59.9% 60.1% 61.5% 59.8% 62.2% 63.3% 34.1% 50.2% 51.6%
Operating margin 15.4% 11.3% 16.8% 9.5% 12.6% 19.6% 12.3% −108.7% 5.5% 3.1%
Net margin 10.0% 5.9% 11.1% 5.8% 10.1% 17.0% 8.1% −125.7% −17.8% −3.8%
Free cash flow margin 15.6% 12.9% 26.5% 17.5% 14.5% 23.9% 13.0% −14.2% 5.5% 16.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow117.6Capital expenditure−32.9Free cash flow84.7Buybacks−1.0Fiscal year 2018Operating cash flow111.5Capital expenditure−35.5Free cash flow76.0 −10.2%Buybacks−14.8Fiscal year 2019Operating cash flow183.6Capital expenditure−17.1Free cash flow166.5 +119.0%Buybacks−116.2Fiscal year 2020Operating cash flow118.6Capital expenditure−23.1Free cash flow95.6 −42.6%Buybacks−70.2Fiscal year 2021Operating cash flow118.9Capital expenditure−32.7Free cash flow86.2 −9.8%Buybacks−71.4Fiscal year 2022Operating cash flow203.1Capital expenditure−26.2Free cash flow176.9 +105.3%Buybacks−129.7Fiscal year 2023Operating cash flow126.7Capital expenditure−28.3Free cash flow98.4 −44.4%Buybacks−50.0Fiscal year 2024Operating cash flow−93.9Capital expenditure−29.2Free cash flow−123.1 −225.1%Buybacks0.0Fiscal year 2025Operating cash flow58.0Capital expenditure−7.9Free cash flow50.1Buybacks0.0Fiscal year 2026Operating cash flow181.2Capital expenditure−9.8Free cash flow171.4 +241.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 117.6 111.5 183.6 118.6 118.9 203.1 126.7 −93.9 58.0 181.2
Capital expenditure −32.9 −35.5 −17.1 −23.1 −32.7 −26.2 −28.3 −29.2 −7.9 −9.8
Free cash flow 84.7 76.0 166.5 95.6 86.2 176.9 98.4 −123.1 50.1 171.4
Growth −10.2% +119.0% −42.6% −9.8% +105.3% −44.4% −225.1% +241.9%
Buybacks −1.0 −14.8 −116.2 −70.2 −71.4 −129.7 −50.0 0.0 0.0 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash297.1Total debt241.0Net cash (debt)56.2Shareholders’ equity605.3Debt to equity0.40Fiscal year 2018Cash307.9Total debt226.5Net cash (debt)81.4Shareholders’ equity665.4Debt to equity0.34Fiscal year 2019Cash312.1Total debt211.1Net cash (debt)101.0Shareholders’ equity682.6Debt to equity0.31Fiscal year 2020Cash293.3Total debt194.7Net cash (debt)98.6Shareholders’ equity677.0Debt to equity0.29Fiscal year 2021Cash268.9Total debt179.2Net cash (debt)89.7Shareholders’ equity698.7Debt to equity0.26Fiscal year 2022Cash279.6Total debt171.7Net cash (debt)107.9Shareholders’ equity737.6Debt to equity0.23Fiscal year 2023Cash235.5Total debt1,340.1Net cash (debt)−1,104.6Shareholders’ equity755.9Debt to equity1.77Fiscal year 2024Cash128.6Total debt1,371.0Net cash (debt)−1,242.5Shareholders’ equity−307.4Fiscal year 2025Cash151.7Total debt551.5Net cash (debt)−399.8Shareholders’ equity542.4Debt to equity1.02Fiscal year 2026Cash195.2Total debt491.2Net cash (debt)−296.1Shareholders’ equity549.7Debt to equity0.89
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 297.1 307.9 312.1 293.3 268.9 279.6 235.5 128.6 151.7 195.2
Total debt 241.0 226.5 211.1 194.7 179.2 171.7 1,340.1 1,371.0 551.5 491.2
Net cash (debt) 56.2 81.4 101.0 98.6 89.7 107.9 −1,104.6 −1,242.5 −399.8 −296.1
Shareholders’ equity 605.3 665.4 682.6 677.0 698.7 737.6 755.9 −307.4 542.4 549.7
Debt to equity 0.40 0.34 0.31 0.29 0.26 0.23 1.77 n/a 1.02 0.89

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 29 Jan 2017 FY2018 28 Jan 2018 FY2019 27 Jan 2019 FY2020 26 Jan 2020 FY2021 31 Jan 2021 FY2022 30 Jan 2022 FY2023 29 Jan 2023 FY2024 28 Jan 2024 FY2025 26 Jan 2025 FY2026 25 Jan 2026
Revenue and profit
544.3 587.8 627.2 547.5 595.1 740.9 756.5 868.8 909.3 1,050.0
Growth +8.0% +6.7% −12.7% +8.7% +24.5% +2.1% +14.8% +4.7% +15.5%
219.4 235.9 250.2 210.8 239.2 279.7 278.0 572.5 452.8 507.8
324.9 352.0 377.0 336.7 355.9 461.1 478.6 296.3 456.5 542.1
Growth +8.3% +7.1% −10.7% +5.7% +29.6% +3.8% −38.1% +54.1% +18.8%
102.5 105.1 109.0 107.4 117.5 147.9 166.9 186.5 170.9 196.3
138.7 148.1 145.2 163.1 162.8 168.2 224.8 220.2 222.4 221.9
84.1 66.6 105.5 52.0 75.0 145.0 92.8 −944.3 49.9 32.6
Growth −20.8% +58.4% −50.7% +44.1% +93.5% −36.0% −1,117.6% −34.8%
73.1 57.8 70.1 44.6 63.0 139.1 78.5 −1,041.6 −183.4 −21.2
18.4 22.9 0.4 12.8 3.4 15.5 17.3 50.5 −22.0 19.8
54.7 34.6 69.6 31.9 59.9 125.7 61.4 −1,092.0 −161.9 −40.4
Growth −36.6% +101.0% −54.2% +88.0% +109.8% −51.2% −1,879.1%
Per share
0.84 0.52 1.06 0.48 0.92 1.94 0.96 −17.03 −2.26 −0.46
0.83 0.51 1.02 0.47 0.91 1.92 0.96 −17.03 −2.26 −0.46
Growth −38.6% +100.0% −53.9% +93.6% +111.0% −50.0% −1,874.0%
65.4 66.0 66.0 66.3 65.2 64.7 63.8 64.1 71.6 88.4
66.1 67.6 68.5 67.4 66.1 65.6 64.0 64.1 71.6 88.4
Growth +2.3% +1.3% −1.6% −2.0% −0.7% −2.4% +0.2% +11.7% +23.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 12.0% a year over five years.
  • The diluted share count rose 33.8% in five years, which is dilution.
  • Operating margin is down 9.5 points on five years ago, at 3.1%.
  • A net loss in 3 of 10 years on file.