Semtech Corp (SMTC)

Semtech Corporation provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe. The company operates in three segments: Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity. It provides signal integrity products, including a portfolio of optical and copper data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. The company also offers analog mixed signal and wireless products; protection devices, such as filter and termination devices which protect electronic systems from voltage spikes; and designs, develops, manufactures, and markets radio frequency products used in industrial, medical, and communications applications, as well as specialized sensing products. In addition, it provides switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging related products. Further, the company offers a portfolio of IoT systems and connectivity solutions, such as modules, gateways, routers, and connected services, including wireless connectivity and cloud-based services for industrial, medical, and communications applications. It serves original equipment manufacturers, solution providers, commercial applications, infrastructure, high-end consumer, and industrial end markets. The company sells its products through direct sales personnel, independent sales representative firms, and independent distributors. Semtech Corporation was incorporated in 1960 and is headquartered in Camarillo, California.

Ticker
SMTC
Exchange
Nasdaq
Sector
Technology
Industry
Semiconductors
Market cap
$9.63B
52-week range
$60.28 - $201.99

Valuation

Share price
$103.21 (close of Nov 6, 2026)
P/E (TTM)
62.93x
Price to book
12.86x
Price to free cash flow
49.88x
Enterprise value
$9.92B
Book value per share
$8.02

Price performance

PeriodChange
1 day+12.75%
5 days-18.97%
1 month-47.66%
3 months-23.42%
6 months-13.41%
Year to date+40.06%
1 year+47.67%
3 years+606.92%
5 years+14.39%
10 years+322.47%
All time+8,826.27%

Short interest

As of
Oct 15, 2026
Short % of float
7.50%
Shares short
6.02M
Days to cover
1.55
Change since prior report
-3.14%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-7.34%
Return on invested capital
1.56%
Return on assets
-2.86%
Return on capital employed
2.87%
Gross margin
51.63%
Net margin
-3.85%
EBITDA margin
6.01%
Revenue growth
15.47%
Free cash flow growth
241.91%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.00%
Current ratio
1.70x
Net debt to EBITDA
2.70x

Latest reported year

Period end
Jan 25, 2026
Fiscal year
2026
Revenue
$1.05B
Cost of revenue
$507.83M
Gross profit
$542.14M
EBITDA
$63.10M
Net income
-$40.38M
Earnings per share
$-0.46
Research and development
$196.35M
Interest expense
$40.62M
Shares outstanding
88.37M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-01-25$1.05B$542.14M-$40.38M-$0.46
2025-01-26$909.29M$456.53M-$161.90M-$2.26
2024-01-28$868.76M$296.25M-$1.09B-$17.03
2023-01-29$756.53M$478.56M$61.38M$0.96
2022-01-30$740.86M$461.14M$125.66M$1.94
2021-01-31$595.12M$355.87M$59.90M$0.92
2020-01-26$547.51M$336.68M$31.87M$0.48
2019-01-27$627.20M$377.02M$69.64M$1.06
2018-01-28$587.85M$351.97M$34.65M$0.52
2017-01-29$544.27M$324.86M$54.66M$0.84

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-01-2551.63%-3.85%-7.34%1.56%
2025-01-2650.21%-17.80%-29.85%4.54%
2024-01-2834.10%-125.70%--88.23%
2023-01-2963.26%8.11%8.12%3.59%
2022-01-3062.24%16.96%17.03%13.92%
2021-01-3159.80%10.07%8.57%7.99%
2020-01-2661.49%5.82%4.71%4.44%
2019-01-2760.11%11.10%10.20%11.77%
2018-01-2859.87%5.89%5.21%4.91%
2017-01-2959.69%10.04%9.03%7.76%

Cash and debt by year

Period endCashDebt
2026-01-25$195.18M$491.23M
2025-01-26$151.74M$505.93M
2024-01-28$128.59M$1.37B
2023-01-29$235.51M$1.30B
2022-01-30$279.60M$171.68M
2021-01-31$268.89M$179.19M
2020-01-26$293.32M$194.74M
2019-01-27$312.12M$192.84M
2018-01-28$307.92M$211.11M
2017-01-29$297.13M$226.52M

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-01-25$171.38M$57.72M
2025-01-26$50.13M$68.04M
2024-01-28-$123.11M$40.17M
2023-01-29$98.39M$39.25M
2022-01-30$176.94M$51.19M
2021-01-31$86.20M$52.99M
2020-01-26$95.56M$52.05M
2019-01-27$166.51M$66.84M
2018-01-28$76.02M$50.05M
2017-01-29$84.69M$30.83M

Investor relations

Next earnings report

Next confirmed report
Nov 23, 2026
Consensus EPS estimate
$0.92

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-25Jul 2026$0.41
2026-05-26Apr 2026$0.30
2026-03-16Jan 2026$0.27
2025-11-24Oct 2025$0.28
2025-08-25Jul 2025$0.28
2025-05-27Apr 2025$0.21
2025-03-13Jan 2025$0.12
2024-11-25Oct 2024$0.06

Filings and sources

Company website
semtech.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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