Income StatementBalance SheetCash FlowSegments
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Semtech Income Statement

Revenue, expenses, and profitability over time

Semtech generated $1.1B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was -$33.2M with a -3.04% net margin. Gross margin stands at 51.59% and operating margin at 7.03%. Diluted EPS is $-0.41, which grew 0.9% year-over-year. Based on the Q2 2026 filing.

Total Revenue (TTM)$1.1BGross Profit (TTM)$562.3MOperating Income (TTM)$72.1MNet Income (TTM)-$33.2MEps Diluted (TTM)$-0.41
Latest FilingQ2 2026
Report Date2026-05-27
Market Cap$15.5B
ROE-5.81%

Other Income & Expense

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Derivative Gain (Loss) Excluded from Effectiveness—-$6.6M-$5.2M-$27.0M—-$1.9M
Interest Income (Expense), Non-operating—-$6.6M-$5.2M-$27.0M—-$1.9M
Cash Paid for Interest$11.9M$3.5M$6.5M$5.1M$1.2M$346.0K
Income from equity method investments-$585.0K$1.0M-$62.0K$16.0K—$1.6M
Other Charges$2.0M-$2.8M-$1.3M-$427.0K-$722.0K$231.0K
Interest expense$162.7M-$6.6M-$5.2M-$27.0M$79.4M-$1.9M
Change in Accounts Payable—$9.8M$1.4M$4.4M$6.9M$8.0M
Interest Income (Expense), Nonoperating—-$6.6M-$5.2M-$27.0M—-$1.9M
Other income (expense), net$2.0M-$2.8M-$1.3M-$427.0K-$722.0K$231.0K
Non-operating Interest Income (Expense)—-$6.6M-$5.2M-$27.0M—-$1.9M
Gain (Loss) Recognized in Income$3.6M-$14.0K$743.0K$416.0K$0.0$0.0

Operating Expenses

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Stock-Based Compensation Expense$17.3M$6.8M$17.3M$17.1M$16.5M$26.4M
Amortization of Finite-Lived Intangible Assets$147.0K$147.0K$148.0K$148.0K$188.0K$328.0K
Impairment of Intangible Assets$0.0$444.3K$444.3K$444.3K$444.3K—
Share-Based Compensation Expense$17.3M$6.8M$17.3M$17.1M$16.5M$26.4M
Amortization expense$147.0K$147.0K$148.0K$148.0K$188.0K$328.0K
Other Restructuring Costs$439.0K$1.2M$1.5M$756.0K$740.0K$1.2M
Depreciation and amortization—$10.2M$148.0K$148.0K$188.0K$328.0K
Operating Lease ROU Asset Amortization$1.3M$1.3M$1.4M$1.4M$1.4M$1.6M
Stock-based compensation expense$17.3M$6.8M$17.3M$17.1M$16.5M$26.4M
Other operating expenses$109.3M$95.3M$150.3M$107.4M$156.5M$125.7M
Impairment of Intangible Assets (Excl. Goodwill)$0.0$444.3K$444.3K$444.3K$444.3K—
Research and development$46.7M$47.5M$48.2M$49.4M$51.2M$57.6M
Selling, general and administrative$54.5M$46.4M$58.5M$57.1M$59.8M$66.6M
Share-Based Compensation$17.3M$6.8M$17.3M$17.1M$16.5M$26.4M
Amortization of Right-of-Use Assets$1.3M$1.3M$1.4M$1.4M$1.4M$1.6M
Total operating expenses$109.3M$95.3M$150.3M$107.4M$156.5M$125.7M

Other

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Capital Expenditures$2.6M$1.7M$2.9M$2.8M$2.4M$8.2M
Change in Other Liabilities-$10.4M-$266.0K-$3.3M$0.0-$1.7M-$1.1M
Tax Withholding for Share-Based Payments$6.7M$8.9M$3.3M$6.6M$8.5M$26.6M
Interest Paid, Net$11.9M$3.5M$6.5M$5.1M$1.2M$346.0K
Accrued purchases of intangibles—$5.1M———$172.0K
Amortization Of Financing Costs And Discounts$1.5M$1.3M$1.3M$1.2M$1.1M$1.1M
Amortization of capitalized software and acquired intangible assets$147.0K$147.0K$148.0K$148.0K$188.0K$328.0K
Capital investments accrued but not yet paid—$247.0K$260.0K$0.0$1.9M$97.0K
Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction$0.0$72.0K-$72.0K$1.0M-$1.0M$0.0
Derivative, Gain (Loss) on Derivative, Net$3.6M-$14.0K$743.0K$416.0K$0.0$0.0
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash-$852.0K$1.3M$479.0K—$491.0K$238.0K
Income Loss From Continuing Operations Before Income Loss From Equity Method Investments—$18.3M-$27.0M-$2.9M—$24.9M
Income taxes paid$1.1M$1.3M$2.7M$2.0M—$6.7M
Increase (Decrease) in Accounts and Other Receivables$20.2M$3.1M-$12.3M$11.3M-$5.4M$14.1M
Accounts payable—$9.8M$1.4M$4.4M$6.9M$8.0M
Accrued liabilities—-$15.4M——$10.4M-$13.7M
Increase (Decrease) in Inventories$220.0K$6.6M$13.0M$2.4M$8.6M$7.2M
Other liabilities-$10.4M-$266.0K-$3.3M$0.0-$1.7M-$1.1M
Increase (Decrease) in Prepaid Expense and Other Assets-$2.5M-$2.3M$5.1M$2.8M$6.5M$3.2M
Interest Income Operating$800.0K$369.0K$529.0K$790.0K$834.0K$888.0K
Interest Paid, Excluding Capitalized Interest, Operating Activity$11.9M$3.5M$6.5M$5.1M$1.2M$346.0K
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$9.6M-$19.4M-$27.7M-$47.1M-$7.0M-$25.8M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$7.8M-$5.1M-$5.1M-$4.1M-$24.5M-$42.5M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$33.5M$27.8M$44.4M$47.5M$61.5M$36.2M
Operating lease right-of-use assets amortization expense$1.3M$1.3M$1.4M$1.4M$1.4M$1.6M
Other income, net (Note 6)$2.0M-$2.8M-$1.3M-$427.0K-$722.0K$231.0K
Payment, Tax Withholding, Share-Based Payment Arrangement$6.7M$8.9M$3.3M$6.6M$8.5M$26.6M
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
Payments to Acquire Property, Plant, and Equipment$2.6M$1.7M$2.9M$2.8M$2.4M$8.2M
Proceeds from revolver$68.3M$0.0———$50.0M
Dispositions of property, plant, and equipment$24.0K$0.0$3.0K$0.0$5.0K$42.0K
Cash received from option exercises$3.1M$32.0K$468.0K$1.0M$2.6M$787.0K
Impairment charges$0.0$0.0$0.0$0.0$0.0—
Repayments of Lines of Credit$278.3M$0.0——$0.0$50.0M
Revenue From Contract With Customer Excluding Assessed Tax$251.0M$251.1M$257.6M$267.0M$274.4M$291.0M
Stock-based compensation$17.3M$6.8M$17.3M$17.1M$16.5M$26.4M

Cost of Revenue

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Amortization of acquired technology$2.3M$2.2M$2.2M$2.2M$2.6M$1.8M
Total cost of revenue$120.5M$119.8M$123.5M$128.5M$136.1M$139.6M

Earnings Per Share

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Basic earnings per share—$0.22$-0.31$-0.03$-0.34$0.29
Diluted earnings per share—$0.22$-0.31$-0.03$-0.34$0.27
Weighted-average shares, basic3.2M86.4M86.7M87.7M1.4M92.9M
Weighted-average shares, diluted3.2M89.6M86.7M87.7M1.4M98M

Operating Income

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Gross profit$130.5M$131.3M$134.1M$138.5M$138.3M$151.5M
Operating income$21.2M$36.0M-$16.2M$31.1M—$25.8M

Income Before Tax

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Income before income taxes$0.0$27.0M-$22.2M$4.4M-$30.4M$25.1M

Tax

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Income tax expense-$33.2M$8.7M$4.8M$7.3M$0.0$112.0K

Net Income

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Net income—$19.3M-$27.1M-$2.9M-$29.8M$26.6M

Revenue

MetricQ4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Total interest income$800.0K$369.0K$529.0K$790.0K$834.0K$888.0K
Total revenue$251.0M$251.1M$257.6M$267.0M$274.4M$291.0M