Business Segments · Gross Profit
IoT Systems and Connectivity — Gross Profit
Semtech IoT Systems and Connectivity — Gross Profit increased by 11.1% to $31.57M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.5%, from $29.92M to $31.57M. Over 2 years (FY 2024 to FY 2026), IoT Systems and Connectivity — Gross Profit shows a downward trend with a -16.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2024
Last reportedQ1 2027May 27, 2026
Rolls up toGross Profit
How to read this metric
Higher gross profit indicates stronger pricing power or better cost control within the IoT segment.
Detailed definition
Calculated as the net sales of the IoT Systems and Connectivity segment minus the direct cost of sales for that same seg...
Peer comparison
Standard segment-level gross profit used to evaluate the core earnings power of specific business units at peer companies.
Metric ID:
smtc_segment_iot_systems_and_connectivity_gross_profitHistorical Data
13 periods
| Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $53.81M | $47.35M | $42.47M | $37.88M | $27.09M | $27.11M | $33.83M | $39.53M | $29.92M | $35.05M | $32.36M | $28.40M | $31.57M |
| QoQ Change | — | -12.0% | -10.3% | -10.8% | -28.5% | +0.1% | +24.8% | +16.8% | -24.3% | +17.1% | -7.7% | -12.2% | +11.1% |
| YoY Change | — | — | — | — | -49.6% | -42.7% | -20.3% | +4.3% | +10.4% | +29.3% | -4.3% | -28.1% | +5.5% |
Range$27.09M – $53.81M
CAGR-16.3%
Avg YoY Growth-10.6%
Median YoY Growth-4.3%
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Frequently Asked Questions
- What is Semtech's iot systems and connectivity — gross profit?
- Semtech (SMTC) reported iot systems and connectivity — gross profit of $31.57M in Q1 2026.
- How has Semtech's iot systems and connectivity — gross profit changed year-over-year?
- Semtech's iot systems and connectivity — gross profit increased by 5.5% year-over-year, from $29.92M to $31.57M.
- What is the long-term trend for Semtech's iot systems and connectivity — gross profit?
- Over 2 years (2024 to 2026), Semtech's iot systems and connectivity — gross profit has grown at a -16.8% compound annual growth rate (CAGR), from $181.51M to $125.74M.
- What does iot systems and connectivity — gross profit mean?
- The profit remaining from IoT systems and connectivity sales after subtracting direct production costs.