Income StatementBalance SheetCash FlowSegments
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Semtech Cash Flow Statement

Operating, investing, and financing cash movements

Semtech generated $189.5M in operating cash flow over the trailing twelve months. After $16.3M in capital expenditures, free cash flow was $173.2M. Free cash flow increased 1.2% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$189.5MNet Cash From Investing (TTM)-$76.2MNet Cash From Financing (TTM)-$107.5MCapital Expenditures (TTM)$16.3MDepreciation And Amortization Cf$9.2MNet Change In Cash (TTM)$10.7M
Latest FilingQ2 2026
Report Date2026-05-27
Market Cap$15.5B
ROE-5.81%

Investing

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Acquisitions, net of cash acquired$0.0$0.0———$29.2M
Capital expenditures$2.6M$1.7M$2.9M$2.8M$2.4M$8.2M
Payments to Acquire Intangible Assets$393.0K$529.0K$2.3M$2.6M$608.0K$5.3M
Payment to Acquire Life Insurance Policy, Investing Activities$4.8M$3.4M——$3.4M$0.0
Sales of strategic investments—$536.0K—$1.4M—$100.0K
Proceeds from disposals of property, plant and equipment$24.0K$0.0$3.0K$0.0$5.0K$42.0K
Net cash from investing activities-$7.8M-$5.1M-$5.1M-$4.1M-$24.5M-$42.5M
Proceeds from maturities/sales of investments—$536.0K—$1.4M—$100.0K
Proceeds from sale of property, plant and equipment$24.0K$0.0$3.0K$0.0$5.0K$42.0K
Purchases of intangible assets$393.0K$529.0K$2.3M$2.6M$608.0K$5.3M
Payments for Deposits$393.0K$529.0K$2.3M$2.6M$608.0K$5.3M

Financing

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Proceeds from lines of credit$68.3M$0.0———$50.0M
Proceeds from lines of credit$68.3M$0.0———$50.0M
Proceeds from Lines of Credit$68.3M$0.0———$50.0M
Repayments of Lines of Credit$278.3M$0.0——$0.0$50.0M
Proceeds from issuance of debt$68.3M$0.0———$50.0M
Repayments of debt$441.4M$10.0M$25.0M-$35.0M$0.0$50.0M
Repayments of Secured Debt$441.4M$10.0M———$0.0
Proceeds from Borrowings on Revolving Credit Facility$68.3M$0.0———$50.0M
Repayments of Lines of Credit$278.3M$0.0——$0.0$50.0M
Net cash from financing activities-$9.6M-$19.4M-$27.7M-$47.1M-$7.0M-$25.8M
Payment of debt issuance costs—$492.0K$72.0K$10.1M$1.0M$0.0
Borrowings Under Acquisition Credit Facilities$68.3M$0.0———$50.0M
Repayments of Acquisition Credit Facilities$278.3M$0.0——$0.0$50.0M
Proceeds from issuance of common stock$640.7M$32.0K$468.0K$1.0M-$1.5M$787.0K
Proceeds from Secured Lines of Credit$68.3M$0.0———$50.0M
Taxes paid for net share settlement$6.7M$8.9M$3.3M$6.6M$8.5M$26.6M
Payments of consent fees related to long-term debt—$492.0K$72.0K$10.1M$1.0M$0.0
Repayments of lines of credit$278.3M$0.0——$0.0$50.0M
Proceeds from Hedge Financing Activities$1.2M$73.8K$73.8K$73.8K$73.8K—

Supplemental

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Capital expenditures incurred but not yet paid—$247.0K$260.0K$0.0$1.9M$97.0K
Income taxes paid$1.1M$1.3M$2.7M$2.0M—$6.7M
Interest paid$11.9M$3.5M$6.5M$5.1M$1.2M$346.0K
Capital expenditures incurred but not yet paid—$247.0K$260.0K$0.0$1.9M$97.0K
Capital Expenditures Incurred but Not Yet Paid—$247.0K$260.0K$0.0$1.9M$97.0K
Non-cash Debt Issuance Costs$0.0$72.0K-$72.0K$1.0M-$1.0M$0.0

Operating

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Share of Profits (Losses) of Related Party-$585.0K$1.0M-$62.0K$16.0K—$1.6M
Amortization of debt issuance costs$1.5M$1.3M$1.3M$1.2M$1.1M$1.1M
Amortization of intangible assets$0.0$444.3K$444.3K$444.3K$444.3K—
Write-off of Deferred Debt Issuance Costs—$152.0K$364.0K$1.9M—$0.0
Change in accounts payable—$9.8M$1.4M$4.4M$6.9M$8.0M
Change in accrued liabilities—-$15.4M——$10.4M-$13.7M
Change in inventories$220.0K$6.6M$13.0M$2.4M$8.6M$7.2M
Change in other assets-$2.5M-$2.3M$5.1M$2.8M$6.5M$3.2M
Change in other liabilities-$10.4M-$266.0K-$3.3M$0.0-$1.7M-$1.1M
Change in receivables$20.2M$3.1M-$12.3M$11.3M-$5.4M$14.1M
Deferred income taxes$20.7M-$2.4M-$2.4M-$2.9M-$91.0K-$1.8M
Depreciation and amortization—$10.2M$10.3M$10.1M—$9.2M
Equity in income of investees-$585.0K$1.0M-$62.0K$16.0K—$1.6M
Gain (loss) on sale of assets—$0.0$0.0$0.0$0.0$100.0K
Income (Loss) from Equity Method Investments-$585.0K$1.0M-$62.0K$16.0K—$1.6M
Net Gain (Loss) on Derivatives$3.6M-$14.0K$743.0K$416.0K$0.0$0.0
Income (Loss) from Equity Method Investments-$585.0K$1.0M-$62.0K$16.0K—$1.6M
Income (Loss) from Equity Method Investments-$585.0K$1.0M-$62.0K$16.0K—$1.6M
Net cash from operating activities$33.5M$27.8M$44.4M$47.5M$61.5M$36.2M
Net income—$19.3M-$27.1M-$2.9M-$29.8M$26.6M
Non-cash interest expense$1.5M$1.3M$1.3M$1.2M$1.1M$1.1M
Depreciation and amortization$10.9M$10.2M$10.2M$10.2M$10.2M—
Gain (Loss) on Sale of Investments—$0.0$0.0$0.0$0.0$100.0K
Gain (Loss) on Disposition of Business and Property Plant and Equipment-$138.0K-$26.0K-$16.0K$0.0-$34.0K-$8.0K
Equity in earnings (losses) of equity method investees-$585.0K$1.0M-$62.0K$16.0K—$1.6M
Increase (Decrease) in Accounts and Other Receivables$20.2M$3.1M-$12.3M$11.3M-$5.4M$14.1M
Increase (Decrease) in Deferred Income Taxes$20.7M-$2.4M-$2.4M-$2.9M-$91.0K-$1.8M
Increase (Decrease) in Prepaid Expense and Other Assets-$2.5M-$2.3M$5.1M$2.8M$6.5M$3.2M
Non-cash operating lease expense$1.3M$1.3M$1.4M$1.4M$1.4M$1.6M
Life Insurance, Corporate or Bank Owned, Change in Value-$689.0K-$655.0K-$734.0K-$820.0K-$708.0K-$2.4M
Lease impairment charges$0.0$0.0$0.0$0.0$0.0—
Operating lease right-of-use asset amortization$1.3M$1.3M$1.4M$1.4M$1.4M$1.6M
Write-off of deferred financing cost and debt discount$3.3M$597.0K$597.0K$597.0K$597.0K—
Income (Loss) from Equity Method Investments-$585.0K$1.0M-$62.0K$16.0K—$1.6M
Stock-based compensation$17.3M$6.8M$17.3M$17.1M$16.5M$26.4M

Free Cash Flow

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Free cash flow$30.9M$26.2M$41.5M$44.6M$59.1M$28.0M

Other

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Effect of exchange rate changes on cash-$852.0K$1.3M$479.0K—$491.0K$238.0K
Net increase (decrease) in cash$15.2M$4.7M$12.1M$0.0$30.5M-$31.9M
Acquisition-related holdback amount—$0.0———$3.4M