Semtech Corp
SMTC- Exchange
- Nasdaq
- Industry
- Semiconductors & Related Devices
- SEC CIK
- 0000088941
In the last 90 days, Semtech Corp insiders filed 0 open-market purchases and 12 sales; 581 institutions reported holding it in 13F filings for Q2 2026, worth $15.0B in total; Maverick Capital is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 14, 2026, 1:08 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $40.4M (3.8% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Jan 25, 2026 | Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 16, 2026 | Mar 13, 2025 | Mar 28, 2024 | Mar 29, 2023 | Mar 16, 2022 |
| Revenue | $1.05B | $909.3M | $868.8M | $756.5M | $740.9M |
| Cost of revenue | $507.8M | $452.8M | $572.5M | $278.0M | $274.8M |
| Gross profit | $542.1M | $456.5M | $296.3M | $478.6M | $466.1M |
| Operating expenses | $509.6M | $406.6M | $1.24B | $385.8M | $321.1M |
| Research and development | $196.3M | $170.9M | $186.4M | $167.4M | $147.9M |
| Selling, general and administrative | $221.9M | $222.4M | $220.2M | $235.8M | $168.2M |
| Operating income | $32.6M | $49.9M | -$944.3M | $92.8M | $145.0M |
| Interest expense | $40.6M | $90.1M | $95.8M | $17.6M | $4.61M |
| Income tax | $19.8M | -$22.0M | $50.5M | $17.3M | $15.5M |
| Net income | -$40.4M | -$161.9M | -$1.09B | $61.4M | $125.7M |
| EPS, basic | $-0.46 | $-2.26 | $-17.03 | $0.96 | $1.94 |
| EPS, diluted | $-0.46 | $-2.26 | $-17.03 | $0.96 | $1.92 |
| Weighted shares, basic | 88.4M | 71.6M | 64.1M | 63.8M | 64.7M |
| Weighted shares, diluted | 88.4M | 71.6M | 64.1M | 64.0M | 65.6M |
| Margins and growth | |||||
| Gross margin | 51.6% | 50.2% | 34.1% | 63.3% | 62.9% |
| Operating margin | 3.1% | 5.5% | -108.7% | 12.3% | 19.6% |
| Net margin | -3.8% | -17.8% | -125.7% | 8.1% | 17.0% |
| Revenue growth, year over year | +15.5% | +4.7% | +14.8% | +2.1% | +24.5% |
| Net income growth, year over year | – | – | −1,879.1% | −51.2% | +109.8% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Jan 25, 2026 | Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 16, 2026 | Mar 13, 2025 | Mar 28, 2024 | Mar 29, 2023 | Mar 16, 2022 |
| Cash and equivalents | $195.2M | $151.7M | $128.6M | $235.5M | $279.6M |
| Accounts receivable | $160.6M | $162.5M | $134.3M | $161.7M | $71.5M |
| Inventory | $195.7M | $163.6M | $145.0M | $207.7M | $114.0M |
| Total current assets | $655.1M | $585.5M | $534.2M | $722.8M | $502.3M |
| Property, plant and equipment | $109.3M | $126.2M | $153.6M | $169.3M | $134.9M |
| Goodwill | $457.9M | $533.1M | $541.2M | $1.28B | $351.1M |
| Intangible assets | $40.0M | $33.1M | $35.6M | $215.1M | $6.80M |
| Total assets | $1.41B | $1.42B | $1.37B | $2.57B | $1.13B |
| Short-term debt | $0 | $45.6M | $0 | $43.1M | – |
| Total current liabilities | $275.9M | $283.0M | $217.2M | $396.9M | $128.4M |
| Long-term debt | $491.2M | $505.9M | $1.37B | $1.30B | $171.7M |
| Shareholders' equity | $549.7M | $542.4M | -$307.3M | $756.0M | $737.8M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Jan 25, 2026 | Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 16, 2026 | Mar 13, 2025 | Mar 28, 2024 | Mar 29, 2023 | Mar 16, 2022 |
| Operating cash flow | $181.2M | $58.0M | -$93.9M | $126.7M | $203.1M |
| Capital expenditures | $9.78M | $7.86M | $29.2M | $28.3M | $26.2M |
| Free cash flow | $171.4M | $50.1M | -$123.1M | $98.4M | $176.9M |
| Stock-based compensation | $57.7M | $68.0M | $40.2M | $39.2M | $51.2M |
| Share buybacks | – | $0 | $0 | $50.0M | $129.7M |
| Investing cash flow | -$38.8M | -$11.9M | -$22.7M | -$1.25B | -$40.3M |
| Financing cash flow | -$101.1M | -$21.7M | $10.6M | $1.08B | -$152.1M |
| Net change in cash | $43.4M | $23.2M | -$106.9M | – | – |
| Ratio | |||||
| Stock-based compensation, % of revenue | 5.5% | 7.5% | 4.6% | 5.2% | 6.9% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| May 22, 2026 | 93.2M | +7.5% | SEC |
| Mar 13, 2026 | 93.0M | +7.5% | SEC |
| Nov 21, 2025 | 92.5M | +22.3% | SEC |
| Aug 22, 2025 | 86.8M | +15.3% | SEC |
| May 23, 2025 | 86.6M | +34.0% | SEC |
| Mar 14, 2025 | 86.5M | +34.0% | SEC |
| Nov 29, 2024 | 75.7M | +17.7% | SEC |
| Aug 23, 2024 | 75.2M | +17.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.