For the twelve months ended Apr 26, 2026, Semtech Corporation reported $1.09B of revenue and -$33.16M of net income.
SMTC revenue was $291.02M in fiscal Q1 2026 (ended Apr 26, 2026), up 15.9% from a year earlier and up 6.1% from the prior quarter. For the full fiscal 2025 it was $1.05B, up 15.5% from fiscal 2024. Compound annual growth was +12.0% over 5 years and +7.9% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
SMTC net income was $26.56M in fiscal Q1 2026 (ended Apr 26, 2026), up 37.3% from a year earlier. For the full fiscal 2025 it was -$40.38M, compared with -$161.90M in fiscal 2024.
SMTC diluted EPS was $0.27 in fiscal Q1 2026 (ended Apr 26, 2026), up 22.7% from a year earlier. For the full fiscal 2025 it was -$0.46, compared with -$2.26 in fiscal 2024.
SMTC free cash flow was $28.01M in fiscal Q1 2026 (ended Apr 26, 2026), up 7.0% from a year earlier and down 52.6% from the prior quarter. For the full fiscal 2025 it was $171.38M, up 241.9% from fiscal 2024. Compound annual growth was +14.7% over 5 years and +6.8% over 10 years.
| Line item | Jan 25, 2026 | Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | Jan 28, 2018 | Jan 29, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $909.29M | $868.76M | $756.53M | $740.86M | $595.12M | $547.51M | $627.20M | $587.85M | $544.27M |
| Cost of revenue | $507.83M | $452.76M | $572.51M | $277.98M | $279.72M | $239.24M | $210.83M | $250.17M | $235.88M | $219.41M |
| Gross profit | $542.14M | $456.53M | $296.25M | $478.56M | $461.14M | $355.87M | $336.68M | $377.02M | $351.97M | $324.86M |
| Research and development | $196.35M | $170.91M | $186.45M | $166.95M | $147.93M | $117.53M | $107.37M | $109.05M | $105.07M | $102.50M |
| Selling, general and admin | $221.85M | $222.37M | $220.22M | $224.81M | $168.21M | $162.83M | $163.11M | $145.25M | $148.15M | $138.71M |
| Operating income | $32.56M | $49.93M | -$944.32M | $92.80M | $145.02M | $74.96M | $52.01M | $105.50M | $66.62M | $84.08M |
| Interest expense | $40.62M | $90.07M | $95.81M | $17.65M | $5.09M | $5.34M | - | - | - | - |
| Pre-tax income | -$21.18M | -$183.36M | -$1.04B | $78.47M | $139.07M | $62.98M | $44.59M | $70.12M | $57.76M | $73.06M |
| Income tax | $19.83M | -$22.01M | $50.52M | $17.34M | $15.54M | $3.44M | $12.83M | $355.0K | $22.85M | $18.40M |
| Net income | -$40.38M | -$161.90M | -$1.09B | $61.38M | $125.66M | $59.90M | $31.87M | $69.64M | $34.65M | $54.66M |
| EPS, basic | -$0.46 | -$2.26 | -$17.03 | $0.96 | $1.94 | $0.92 | $0.48 | $1.06 | $0.52 | $0.84 |
| EPS, diluted | -$0.46 | -$2.26 | -$17.03 | $0.96 | $1.92 | $0.91 | $0.47 | $1.02 | $0.51 | $0.83 |
| Diluted shares | 88.4M | 71.6M | 64.1M | 64.0M | 65.6M | 66.1M | 67.4M | 68.5M | 67.6M | 66.1M |
| Line item | Jan 25, 2026 | Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | Jan 28, 2018 | Jan 29, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $195.18M | $151.74M | $128.59M | $235.51M | $279.60M | $268.89M | $293.32M | $312.12M | $307.92M | $297.13M |
| Receivables | $160.55M | $162.52M | $134.32M | $161.69M | $71.51M | $70.43M | $61.93M | $79.22M | $53.18M | $51.44M |
| Inventory | $195.74M | $163.59M | $144.99M | $207.70M | $114.00M | $87.49M | $73.01M | $63.68M | $71.07M | $65.87M |
| Current assets | $655.12M | $585.46M | $534.20M | $722.79M | $502.30M | $474.73M | $460.74M | $485.30M | $461.23M | $438.43M |
| Goodwill | $457.93M | $533.09M | $541.23M | $1.28B | $351.14M | $351.14M | $351.14M | $351.14M | $341.90M | $329.70M |
| Total assets | $1.41B | $1.42B | $1.37B | $2.57B | $1.13B | $1.08B | $1.05B | $1.06B | $1.09B | $1.01B |
| Current liabilities | $275.94M | $283.03M | $217.16M | $396.86M | $128.40M | $109.57M | $98.64M | $129.91M | $126.21M | $122.97M |
| Short-term debt | $0 | $45.59M | $0 | $43.10M | $0 | - | $0 | $18.27M | $15.41M | $14.43M |
| Long-term debt | $491.23M | $505.93M | $1.37B | $1.30B | $171.68M | $179.19M | $194.74M | $192.84M | $211.11M | $226.52M |
| Total debt | $491.23M | $551.53M | $1.37B | $1.34B | $171.68M | $179.19M | $194.74M | $211.11M | $226.52M | $240.96M |
| Total liabilities | $860.62M | $876.84M | $1.68B | $1.81B | $393.14M | $383.15M | $375.23M | $380.20M | $420.76M | $406.28M |
| Shareholders' equity | $549.72M | $542.43M | -$307.25M | $756.03M | $737.77M | $698.95M | $677.20M | $682.58M | $665.35M | $605.26M |
| Line item | Jan 25, 2026 | Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | Jan 28, 2018 | Jan 29, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $181.17M | $57.99M | -$93.92M | $126.71M | $203.12M | $118.93M | $118.62M | $183.56M | $111.48M | $117.61M |
| Capital expenditures | $9.78M | $7.86M | $29.18M | $28.32M | $26.18M | $32.73M | $23.06M | $17.05M | $35.46M | $32.92M |
| Free cash flow | $171.38M | $50.13M | -$123.11M | $98.39M | $176.94M | $86.20M | $95.56M | $166.51M | $76.02M | $84.69M |
| Investing cash flow | -$38.76M | -$11.89M | -$22.70M | -$1.25B | -$40.32M | -$42.91M | -$34.33M | -$36.22M | -$65.86M | -$13.52M |
| Financing cash flow | -$101.07M | -$21.66M | $10.55M | $1.08B | -$152.10M | -$100.45M | -$103.08M | -$143.15M | -$34.84M | -$18.77M |
| Share repurchases | - | $0 | $0 | $50.00M | $129.75M | $71.43M | $70.22M | $116.21M | $14.85M | $1.00M |
| Stock-based compensation | $57.72M | $68.04M | $40.17M | $39.25M | $51.19M | $52.99M | $52.05M | $66.84M | $50.05M | $30.83M |
| Depreciation and amortization | - | - | - | - | - | - | $39.58M | $49.64M | $49.00M | $47.06M |
| Line item | Jan 25, 2026 | Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | Jan 28, 2018 | Jan 29, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 15.5% | 4.7% | 14.8% | 2.1% | 24.5% | 8.7% | -12.7% | 6.7% | 8.0% | 11.0% |
| Net income growth, YoY | - | - | - | -51.2% | 109.8% | 88.0% | -54.2% | 101.0% | -36.6% | 375.4% |
| EPS growth, YoY | - | - | - | -50.0% | 111.0% | 93.6% | -53.9% | 100.0% | -38.6% | 388.2% |
| Gross margin | 51.6% | 50.2% | 34.1% | 63.3% | 62.2% | 59.8% | 61.5% | 60.1% | 59.9% | 59.7% |
| Operating margin | 3.1% | 5.5% | -108.7% | 12.3% | 19.6% | 12.6% | 9.5% | 16.8% | 11.3% | 15.4% |
| Net margin | -3.8% | -17.8% | -125.7% | 8.1% | 17.0% | 10.1% | 5.8% | 11.1% | 5.9% | 10.0% |
| Free cash flow margin | 16.3% | 5.5% | -14.2% | 13.0% | 23.9% | 14.5% | 17.5% | 26.5% | 12.9% | 15.6% |
| Return on equity | -7.3% | -29.8% | - | 8.1% | 17.0% | 8.6% | 4.7% | 10.2% | 5.2% | 9.0% |
| Return on assets | -2.9% | -11.4% | -79.5% | 2.4% | 11.1% | 5.5% | 3.0% | 6.6% | 3.2% | 5.4% |
| Current ratio | 2.37 | 2.07 | 2.46 | 1.82 | 3.91 | 4.33 | 4.67 | 3.74 | 3.65 | 3.57 |
| Debt to equity | 0.89 | 1.02 | - | 1.77 | 0.23 | 0.26 | 0.29 | 0.31 | 0.34 | 0.40 |
| Line item | Apr 26, 2026 | Jan 25, 2026 | Oct 26, 2025 | Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $291.02M | $274.36M | $266.97M | $257.59M | $251.06M | $251.00M | $236.82M | $215.35M | $206.10M | $192.95M | $200.90M | $238.37M |
| Cost of revenue | $139.55M | $136.08M | $128.49M | $123.48M | $119.77M | $120.50M | $115.86M | $109.89M | $106.51M | $193.34M | $107.93M | $137.64M |
| Gross profit | $151.46M | $138.27M | $138.48M | $134.10M | $131.29M | $130.50M | $120.97M | $105.46M | $99.59M | -$390.0K | $92.97M | $100.73M |
| Research and development | $57.57M | $51.22M | $49.40M | $48.20M | $47.53M | $46.66M | $42.56M | $40.08M | $41.60M | $41.51M | $46.91M | $47.43M |
| Selling, general and admin | $66.60M | $59.82M | $57.11M | $58.47M | $46.45M | $54.53M | $59.78M | $55.79M | $52.27M | $55.20M | $47.66M | $59.58M |
| Operating income | $25.79M | -$18.27M | $31.06M | -$16.19M | $35.97M | $21.24M | $17.79M | $7.77M | $3.14M | -$619.96M | -$12.37M | -$300.11M |
| Pre-tax income | $25.05M | -$30.37M | $4.45M | -$22.21M | $26.95M | $6.54M | -$3.57M | -$166.08M | -$20.25M | -$645.78M | -$38.55M | -$325.40M |
| Income tax | $112.0K | -$937.0K | $7.32M | $4.79M | $8.65M | -$33.19M | $4.01M | $4.21M | $2.96M | -$3.35M | -$311.0K | $56.59M |
| Net income | $26.56M | -$29.80M | -$2.86M | -$27.06M | $19.34M | $39.14M | -$7.59M | -$170.29M | -$23.16M | -$642.36M | -$38.25M | -$382.00M |
| EPS, basic | $0.29 | -$0.34 | -$0.03 | -$0.31 | $0.22 | $0.81 | -$0.10 | -$2.61 | -$0.36 | -$10.00 | -$0.60 | -$5.97 |
| EPS, diluted | $0.27 | -$0.34 | -$0.03 | -$0.31 | $0.22 | $0.81 | -$0.10 | -$2.61 | -$0.36 | -$10.00 | -$0.60 | -$5.97 |
| Diluted shares | 98.0M | - | 87.7M | 86.7M | 89.6M | - | 75.3M | 65.3M | 64.5M | - | 64.2M | 64.0M |
| Line item | Apr 26, 2026 | Jan 25, 2026 | Oct 26, 2025 | Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $163.31M | $195.18M | $164.67M | $168.56M | $156.47M | $151.74M | $136.50M | $115.93M | $126.78M | $128.59M | $123.82M | $147.91M |
| Receivables | $174.79M | $160.55M | $164.75M | $153.50M | $165.75M | $162.52M | $142.46M | $152.98M | $153.92M | $134.32M | $156.61M | $159.10M |
| Inventory | $204.72M | $195.74M | $185.73M | $183.29M | $170.24M | $163.59M | $163.45M | $156.01M | $148.54M | $144.99M | $160.59M | $180.23M |
| Current assets | $648.70M | $655.12M | $620.85M | $614.87M | $598.04M | $585.46M | $557.79M | $541.74M | $539.27M | $534.20M | $572.40M | $629.94M |
| Goodwill | $470.85M | $457.93M | $492.06M | $492.19M | $533.80M | $533.09M | $541.28M | $541.10M | $540.92M | $541.23M | $1.01B | $1.02B |
| Total assets | $1.44B | $1.41B | $1.41B | $1.41B | $1.43B | $1.42B | $1.38B | $1.37B | $1.38B | $1.37B | $2.04B | $2.12B |
| Current liabilities | $273.72M | $275.94M | $255.14M | $243.11M | $235.95M | $283.03M | $235.49M | $224.67M | $224.89M | $217.16M | $239.00M | $321.06M |
| Short-term debt | - | $0 | $0 | $0 | $0 | $45.59M | - | - | - | $0 | $0 | $52.89M |
| Long-term debt | $491.98M | $491.23M | $490.49M | $518.94M | $542.64M | $505.93M | $1.19B | $1.19B | $1.37B | $1.37B | $1.37B | $1.33B |
| Total debt | $491.98M | $491.23M | $490.49M | $518.94M | $542.64M | $551.53M | $1.19B | $1.19B | $1.37B | $1.37B | $1.37B | $1.38B |
| Total liabilities | $865.62M | $860.62M | $840.22M | $852.99M | $863.14M | $876.84M | $1.52B | $1.51B | $1.69B | $1.68B | $1.70B | $1.75B |
| Shareholders' equity | $573.32M | $549.72M | $565.66M | $552.89M | $568.82M | $542.43M | -$139.68M | -$141.44M | -$313.10M | -$307.25M | $334.44M | $367.01M |
| Line item | Apr 26, 2026 | Jan 25, 2026 | Oct 26, 2025 | Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $36.18M | $61.49M | $47.46M | $44.40M | $27.82M | $33.50M | $29.57M | -$5.00M | -$89.0K | $13.92M | -$5.85M | -$12.01M |
| Capital expenditures | $8.17M | $2.43M | $2.82M | $2.88M | $1.65M | $2.63M | $483.0K | $3.41M | $1.33M | $1.71M | $6.58M | $6.92M |
| Free cash flow | $28.01M | $59.06M | $44.64M | $41.51M | $26.17M | $30.86M | $29.09M | -$8.41M | -$1.42M | $12.21M | -$12.42M | -$18.93M |
| Investing cash flow | -$42.49M | -$24.50M | -$4.05M | -$5.13M | -$5.07M | -$7.80M | -$1.41M | -$4.46M | $1.79M | $3.57M | -$6.69M | -$5.17M |
| Financing cash flow | -$25.80M | -$6.96M | -$47.09M | -$27.66M | -$19.36M | -$9.60M | -$7.51M | -$1.35M | -$3.20M | -$13.79M | -$10.39M | $999.0K |
| Share repurchases | - | - | - | - | - | - | - | - | - | $0 | $0 | $0 |
| Stock-based compensation | $26.45M | $16.45M | $17.14M | $17.30M | $6.83M | $17.26M | $18.41M | $17.14M | $15.23M | $11.83M | $6.54M | $13.40M |
| Depreciation and amortization | $9.16M | - | $10.13M | $10.31M | $10.19M | - | $10.14M | $12.57M | $10.50M | - | $22.54M | $22.04M |
| Line item | Apr 26, 2026 | Jan 25, 2026 | Oct 26, 2025 | Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 15.9% | 9.3% | 12.7% | 19.6% | 21.8% | 30.1% | 17.9% | -9.7% | -12.9% | 15.2% | 13.1% | 13.9% |
| Net income growth, YoY | 37.3% | - | - | - | - | - | - | - | - | - | - | - |
| EPS growth, YoY | 22.7% | - | - | - | - | - | - | - | - | - | - | - |
| Gross margin | 52.0% | 50.4% | 51.9% | 52.1% | 52.3% | 52.0% | 51.1% | 49.0% | 48.3% | -0.2% | 46.3% | 42.3% |
| Operating margin | 8.9% | -6.7% | 11.6% | -6.3% | 14.3% | 8.5% | 7.5% | 3.6% | 1.5% | -321.3% | -6.2% | -125.9% |
| Net margin | 9.1% | -10.9% | -1.1% | -10.5% | 7.7% | 15.6% | -3.2% | -79.1% | -11.2% | -332.9% | -19.0% | -160.3% |
| Free cash flow margin | 9.6% | 21.5% | 16.7% | 16.1% | 10.4% | 12.3% | 12.3% | -3.9% | -0.7% | 6.3% | -6.2% | -7.9% |
| Current ratio | 2.37 | 2.37 | 2.43 | 2.53 | 2.53 | 2.07 | 2.37 | 2.41 | 2.40 | 2.46 | 2.40 | 1.96 |
| Debt to equity | 0.86 | 0.89 | 0.87 | 0.94 | 0.95 | 1.02 | - | - | - | - | 4.11 | 3.77 |
Source: XBRL data Semtech Corporation files with the SEC, latest filing dated May 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SMTC | $1.09B | +14.2% | -$33.16M | -3.0% | $10.59B |
| NVDA | $302.97B | +83.4% | $192.88B | 63.7% | $4.07T |
| TSM | NT$3.81T | +31.6% | NT$1.70T | 44.6% | $2.06T |
| AVGO | $89.10B | +48.7% | $38.27B | 42.9% | $1.58T |
| AMD | $45.44B | +41.9% | $7.62B | 16.8% | $844.99B |
| MU | $133.19B | +256.3% | $84.97B | 63.8% | $820.41B |
| INTC | $59.89B | +12.1% | -$12.03B | -20.1% | $308.96B |
| AMAT | $30.84B | +7.8% | $9.27B | 30.1% | $295.64B |