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Nasdaq · Technology

SEMTECH CORP (SMTC)

As-reported financials and SEC filings for SEMTECH CORP. The latest annual period is FY2026. The latest reported quarter is Q1 FY2027. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About SEMTECH CORP

Semtech Corp designs, develops, manufactures, and markets high-performance analog and mixed-signal semiconductors, wireless semiconductors, connectivity modules, gateways, routers, and connected services for the Internet of Things. Its products serve commercial applications in global infrastructure, high-end consumer electronics, and industrial markets, including data centers, smartphones, IoT devices, and smart utilities. The company primarily supplies original equipment manufacturers and IoT device makers with semiconductor solutions and connectivity hardware.

Snapshot

Revenue
$1.05B
Revenue growth (YoY)
15.5%
Net income
$-40.4M
Diluted EPS
$-0.46
Gross margin
51.6%
Operating margin
3.1%
Net margin
-3.8%
FCF margin
16.3%
ROE
-7.3%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$12.24B
Long-term debt / equity
0.89×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended January 25, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Semtech

  • Revenue grew 15.5% to $1.0B in FY2026, faster than the 4.7% the year before.
  • Operating margin is 3.1% in FY2026, -16.5 pp against 19.6% in FY2022.
  • Most recent quarter Q1 FY2027: revenue $291M, up 15.9% from Q1 FY2026.
  • Free cash flow was $171M in FY2026, 16.3% of revenue.
  • Net loss narrowed to $40M in FY2026, from $162M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Semtech’s fundamentals sit among the 88 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin51.6%
66th percentile of 78
Operating margin3.1%
56th percentile of 79
Net margin-3.8%
35th percentile of 80
FCF margin16.3%
70th percentile of 78
Revenue growth (YoY)+15.5%
54th percentile of 88
ROE-7.3%
26th percentile of 74
Long-term debt / equity0.89×
93rd percentile of 44
Short interest3.70d
67th percentile of 88

Semtech’s long-term debt to equity of 0.89 ranks in the 93rd percentile of the 44 semiconductor companies reporting it.

No reported insider purchases (code P) in the last 90 days; 23 insider sales totaling $6.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
6
4 new, 2 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$647.6M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$184.8M1.1MReduced
Two Sigma InvestmentsquantQ2 2026$132.9M820.9KAdded
Citadel AdvisorsquantQ2 2026$126.8M783.3KReduced
Point72 Asset ManagementquantQ2 2026$110.4M681.9KNew
D. E. ShawquantQ2 2026$44.1M272.4KNew
Renaissance TechnologiesquantQ2 2026$33.5M207.1KNew
AQR Capital ManagementquantQ2 2026$10.1M62.2KReduced
Bridgewater AssociatesQ2 2026$2.5M15.3KReduced
Polen Capital ManagementQ2 2026$2.2M13.4KAdded
Maverick CapitalQ2 2026$498,8223.1KNew

No longer held by: Gotham Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
23
$6.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-19
filed 2026-08-21
Walsh Paul V JrDirectorSell500$135.48$68K
2026-08-17
filed 2026-08-19
Silberstein AsafEVP and COOSell5.0K$150.00$750K
2026-08-07
filed 2026-08-11
HOU HONG QPresident and CEOSell2.0K$140.00$280K
2026-07-22
filed 2026-07-24
Walsh Paul V JrDirectorSell500$133.07$67K
2026-07-14
filed 2026-07-16
Silberstein AsafEVP and COOSell3.0K$145.04$435K
2026-07-10
filed 2026-07-14
HOU HONG QPresident and CEOSell2.0K$133.00$266K
2026-07-08
filed 2026-07-10
Silberstein AsafEVP and COOSell3.4K$129.94$436K
2026-07-08
filed 2026-07-10
Silberstein AsafEVP and COOSell2.4K$125.18$306K
2026-07-08
filed 2026-07-10
Silberstein AsafEVP and COOSell1.4K$128.70$180K
2026-07-08
filed 2026-07-10
Silberstein AsafEVP and COOSell588$127.61$75K
2026-07-08
filed 2026-07-10
Silberstein AsafEVP and COOSell437$124.19$54K
2026-07-08
filed 2026-07-10
Silberstein AsafEVP and COOSell273$126.60$35K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.2M
settled 2026-08-14
Change vs prior
-1.4%
vs previous settlement
Days to cover
3.70
at avg daily volume
Avg daily volume
2.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-147.2M-1.4%3.70
2026-07-317.3M+12.2%3.44
2026-07-156.5M+17.1%2.18
2026-06-305.6M-22.9%1.00
2026-06-157.2M+13.8%2.38
2026-05-296.3M+16.6%1.35
2026-05-155.4M-13.4%2.18
2026-04-306.3M+1.5%2.32

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$1.05B$909.3M$868.8M$756.5M$740.9M
Gross profit$542.1M$456.5M$296.3M$478.6M$461.1M
Operating income$32.6M$49.9M$-944.3M$92.8M$145.0M
Net income$-40.4M$-161.9M$-1.09B$61.4M$125.7M
Diluted EPS$-0.46$-2.26$-17.03$0.96$1.92

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$195.2M$151.7M$128.6M$235.5M$279.6M
Current assets$655.1M$585.5M$534.2M$722.8M$502.3M
Total assets$1.41B$1.42B$1.37B$2.57B$1.13B
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
Total liabilities$860.6M$876.8M$1.68B$1.81B$393.1M
Total equity$549.7M$542.4M$-307.3M$756.0M$737.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$181.2M$58.0M$-93.9M$126.7M$203.1M
Capital expenditure$9.8M$7.9M$29.2M$28.3M$26.2M
Free cash flow$171.4M$50.1M$-123.1M$98.4M$176.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2027$291.0M15.9%$26.6M$0.27
Q4 FY2026$274.4M9.3%$-29.8M$-0.32
Q3 FY2026$267.0M12.7%$-2.9M$-0.03
Q2 FY2026$257.6M19.6%$-27.1M$-0.31
Q1 FY2026$251.1M21.8%$19.3M$0.22
Q4 FY2025$251.0M30.1%$39.1M$0.48
Q3 FY2025$236.8M17.9%$-7.6M$-0.10
Q2 FY2025$215.4M-9.7%$-170.3M$-2.61

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Latest annual periodFY2026 (ended January 25, 2026)
Latest reported quarterQ1 FY2027 (ended April 26, 2026)
Oldest indexed filing2018
SEC CIK88941

Selected SEC filings

10-Q2026-08-26
View on EDGAR →
10-Q2026-05-27
View on EDGAR →
8-K2026-08-25
View on EDGAR →
8-K2026-08-13
View on EDGAR →
8-K2026-07-06
View on EDGAR →
8-K2026-06-08
View on EDGAR →

Largest semiconductor peers

All semiconductor stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.