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Semtech Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Semtech holds $1.4B in total assets. Shareholders' equity is $573.3M against $517.6M in total debt. Cash and equivalents total $163.3M. The current ratio is 2.37 and debt-to-equity is 0.903. Based on the Q2 2026 filing.

Total Assets$1.4BTotal Stockholders Equity$573.3MLong Term Debt$492.0MCash And Equivalents$163.3MTotal Current Assets$648.7MTotal Current Liabilities$273.7M
Latest FilingQ2 2026
Report Date2026-05-27
Market Cap$15.5B
ROE-5.81%

Current Liabilities

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Accounts payable$59.2M$69.1M$70.9M$75.2M$84.1M$90.3M
Accrued expenses$178.2M$166.8M$172.2M$179.9M$191.8M$183.4M
Other Commercial Liabilities$178.2M$166.8M$172.2M$179.9M$191.8M$183.4M
Accrued Liabilities, Current$178.2M$166.8M$172.2M$179.9M$191.8M$183.4M
Lease Liability Payments - 2020 (Remaining Three Months)—$5.6M$4.0M$2.0M—$5.9M
Operating Lease Liability Payments - 2024 (Lessee)—$5.9M$6.7M$6.6M—$6.1M
Operating Lease Liability Payments - 2025 (Lessee)—$3.3M$3.4M$3.4M—$3.5M
Lease Liability Payments - Due Year Two—$5.9M$6.7M$6.6M—$6.1M
Lease Liability Payments - Due Year Three—$4.8M$5.4M$5.3M—$4.0M
Lease Liability Payments - Due Year Four—$3.3M$3.4M$3.4M—$3.5M
Lease Liability Payments - Remainder of Fiscal Year—$7.1M$7.9M$7.8M—$7.2M
Operating lease liabilities, current$6.0M$6.4M$6.6M$6.5M$6.1M$6.1M
Operating Lease Liability Payments Due—$31.1M$31.7M$29.5M—$30.1M
Operating Lease Liability - Undiscounted Excess Amount—$4.8M$4.7M$4.2M—$4.5M
Restructuring Reserve$787.0K$380.0K$499.0K$399.0K$697.0K$225.0K
Total current liabilities$283.0M$236.0M$243.1M$255.1M$275.9M$273.7M

Current Assets

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Accounts receivable, net$162.5M$165.7M$153.5M$164.8M$160.6M$174.8M
Available-for-Sale Debt Securities - Amortized Cost$14.7M$14.7M$14.7M$14.7M$5.2M$4.5M
Allowance for Doubtful Accounts$5.2M$5.6M$6.2M$6.4M$8.0M$8.1M
Allowance for Doubtful Accounts Receivable (Current)$5.2M$5.6M$6.2M$6.4M$8.0M$8.1M
Cash and cash equivalents$151.7M$156.5M$168.6M$164.7M$195.2M$163.3M
Cash, Cash Equivalents, and Marketable Securities$12.7M$12.7M$12.7M$9.5M$0.0$0.0
Available For Sale Securities Debt Securities Current$12.7M———$0.0—
Other current assets$94.1M$96.5M$97.1M$93.9M$88.2M$83.5M
Income taxes receivable$13.5M$9.1M$12.4M$11.8M$15.4M$22.4M
Finished goods$29.4M$26.8M$42.3M$40.5M$44.5M$45.0M
Raw materials$46.3M$44.4M$40.0M$38.0M$31.9M$30.9M
Work in process$87.9M$99.1M$101.0M$107.2M$119.3M$128.8M
Inventories$163.6M$170.2M$183.3M$185.7M$195.7M$204.7M
Prepaid expenses and other current assets$94.1M$96.5M$97.1M$93.9M$88.2M$83.5M
Short-term investments$12.7M———$0.0—
Total current assets$585.5M$598.0M$614.9M$620.9M$655.1M$648.7M

Non-Current Assets

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Accumulated Goodwill Impairment Losses$763.1M$763.1M$805.1M$805.1M$847.9M$847.9M
Deferred tax assets$750.0K$715.0K$1.0M$545.0K$101.0K$0.0
Deferred Tax Assets and Other Non-Current Assets$100.3M$104.7M$112.0M$115.0M$113.7M$121.6M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)—$625.0K$1.3M$1.3M—$5.0M
Finite Lived Intangible Assets - Gross$217.1M$218.6M$224.5M$225.0M$237.1M$256.5M
Goodwill$533.1M$533.8M$492.2M$492.1M$457.9M$470.9M
Intangible assets, net$33.1M$22.8M$25.7M$23.4M$29.7M$46.8M
Investments - Amortized Cost Basis$14.7M$14.7M$14.7M$14.7M$5.2M$4.5M
Net Investment in Lease$21.7M$23.0M$23.4M$22.1M$23.5M$22.4M
Deferred tax assets$41.1M$38.6M$36.5M$33.8M$34.2M$31.8M
Intangible assets — net$24.9M$22.8M$25.7M$23.4M$29.7M$46.8M
Other intangible assets—net$33.1M$36.5M$34.7M$33.2M$40.0M$59.3M
Operating lease right-of-use assets$21.7M$23.0M$23.4M$22.1M$23.5M$22.4M
Other non-current assets$100.3M$104.7M$112.0M$115.0M$113.7M$121.6M
Operating lease right-of-use assets—6.9%6.9%6.9%—6.9%
Operating Lease Right-of-Use Assets in Other Assets$21.7M$23.0M$23.4M$22.1M$23.5M$22.4M
Other non-current assets$100.3M$104.7M$112.0M$115.0M$113.7M$121.6M
Accumulated depreciation$314.0M$318.5M$326.1M$333.1M$340.3M$346.6M
Property and equipment, net$126.2M$120.2M$115.6M$111.0M$109.3M$106.7M
Software and Technology Licenses, Net$100.3M$104.7M$112.0M$115.0M$113.7M$121.6M
Total assets$1.4B$1.4B$1.4B$1.4B$1.4B$1.4B

Equity

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Additional paid-in capital$1.5B$1.5B$1.5B$1.5B$1.5B$1.5B
Accumulated other comprehensive income (loss)-$12.1M-$9.4M-$9.2M-$12.8M-$7.7M-$7.4M
Common stock990K250M250M250M250M250M
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued99M99M99M104.3M104.3M104.3M
Cumulative Gross Losses and Impairments$763.1M$763.1M$805.1M$805.1M$847.9M$847.9M
Additional paid-in capital$1.5B$1.5B$1.5B$1.5B$1.5B$1.5B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$990.0K$990.0K$990.0K$1.0M$1.0M$1.0M
Retained earnings-$395.7M-$376.3M-$403.4M-$406.3M-$436.1M-$409.5M
Share Price———$70.91——
Share Repurchase Authorization Limit—$209.4M$209.4M$209.4M—$209.4M
Share Repurchase Program - Amount Remaining—$209.4M$209.4M$209.4M—$209.4M
Total liabilities and stockholders' equity$1.4B$1.4B$1.4B$1.4B$1.4B$1.4B
Total stockholders' equity$542.4M$568.8M$552.9M$565.7M$549.7M$573.3M
Treasury stock$520.5M$506.3M$501.1M$486.7M$474.4M$462.5M
Unrealized Gains on Investments-$2.0M-$2.0M-$2.0M-$5.2M-$5.2M-$4.5M

Other

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Cumulative Cost Basis$14.7M$14.7M$14.7M$14.7M$5.2M$4.5M
Allowance for doubtful accounts$5.2M$5.6M$6.2M$6.4M$8.0M$8.1M
Total$14.7M$14.7M$14.7M$14.7M$5.2M$4.5M
Available for sale investments$12.7M$12.7M$12.7M$9.5M$0.0$0.0
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$250.0M$250.0M$250.0M$250.0M$250.0M$250.0M
Common stock, shares issued (in shares)$99.0M$99.0M$99.0M$104.3M$104.3M$104.3M
Common Stock, Shares, Outstanding$86.3M$86.6M$86.8M$92.3M$92.7M$93.1M
Long-term debt, gross$562.7M$552.7M$527.7M$503.0M$503.0M$503.0M
Credit loss reserve for held-to-maturity debt securities and available for sale debt securities$4.5M$4.5M$4.5M$4.5M$4.5M$3.8M
Deferred income taxes$750.0K$715.0K$1.0M$545.0K$101.0K$0.0
Cap price (in dollars per share)———$141.8——
Number of derivative instruments held0.00——12.0072.0054.00
Finite-Lived Intangible Assets, Accumulated Amortization$60.8M$64.5M$67.5M$70.2M$74.2M$76.6M
Thereafter—$1.8M$4.3M$4.4M—$12.9M
2028—$4.4M$5.1M$5.2M—$7.7M
2030—$625.0K$1.3M$1.3M—$5.0M
Remainder of 2026—$7.3M$5.1M$2.5M—$7.6M
2027—$4.9M$5.5M$5.6M—$8.5M
2029—$3.8M$4.4M$4.5M—$5.0M
Gross Carrying Amount$217.1M$218.6M$224.5M$225.0M$237.1M$256.5M
Finite-Lived Intangible Assets, Impaired, Accumulated Impairment Loss$131.4M$131.4M$131.4M$131.4M$133.2M$133.2M
Goodwill, Gross$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B
Goodwill accumulated impairment losses$763.1M$763.1M$805.1M$805.1M$847.9M$847.9M
Raw materials$46.3M$44.4M$40.0M$38.0M$31.9M$30.9M
Lessee Operating Lease Liability Payments Due—$31.1M$31.7M$29.5M—$30.1M
Thereafter—$4.3M$4.4M$4.4M—$3.4M
Lessee Operating Lease Liability Undiscounted Excess Amount—$4.8M$4.7M$4.2M—$4.5M
Operating Lease Weighted Average Discount Rate Percent—$0.1$0.1$0.1—$0.1
Restructuring Reserve$787.0K$380.0K$499.0K$399.0K$697.0K$225.0K
Share price (in dollars per share)———$70.9——
Share Repurchase Program, Remaining Authorized, Amount—$209.4M$209.4M$209.4M—$209.4M
Treasury stock, shares (in shares)$12.7M$12.4M$12.2M$12.0M$11.6M$11.1M
Unrecognized tax benefits$21.0M$21.7M$22.0M$22.4M$20.5M$21.3M
Amount that if recognized, would affect the effective tax rate or regulatory liability$4.8M$5.2M$5.3M$5.5M$4.6M$5.1M
Remainder of Fiscal Year 2024—$5.6M$4.0M$2.0M—$5.9M
Remainder of Fiscal Year 2025—$7.3M$5.1M$2.5M—$7.6M

Non-Current Liabilities

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Debt Instrument - Effective Interest Rate4.1%3.4%3.3%0.5%0.5%0.5%
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$11.1M$10.0M$8.7M$12.5M$11.8M$11.0M
Operating Lease Liability Payments - 2027 (Lessee)—$4.8M$5.4M$5.3M—$4.0M
Operating Lease Liability Payments - 2028 (Lessee)—$3.3M$3.4M$3.4M—$3.5M
Long-term debt$505.9M$542.6M$518.9M$490.5M$491.2M$492.0M
Liability For Uncertain Tax Positions Noncurrent$19.0M$19.7M$20.0M$20.5M$18.6M$19.3M
Operating lease liabilities, non-current$18.5M$19.8M$20.4M$18.8M$20.7M$19.6M
Operating Lease Liabilities (Total)$24.5M$26.3M$27.0M$25.3M$26.8M$25.6M
Other non-current liabilities$87.1M$83.8M$89.9M$94.0M$93.3M$99.9M
Total Carrying Value of Debt$562.7M$552.7M$527.7M$503.0M$503.0M$503.0M
Unrecognized Tax Benefits$21.0M$21.7M$22.0M$22.4M$20.5M$21.3M
Unrecognized Tax Benefits - Impacting Effective Tax Rate$4.8M$5.2M$5.3M$5.5M$4.6M$5.1M