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Semtech

SMTC

Semtech Corp is a leading provider of high-performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer, and industrial end markets.

Market cap
$12.81B+204%
Revenue$1.1B+14.2%
Net income-$33.2M+81.8%
Free cash flow$173.2M+123%
EPS (diluted)-$0.41+85.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 24, 2026 (in a month)
Revenue estimate$328.6M
EPS estimate$0.62

Financials

Q1 2027

Income statement

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Revenue$291.0M+15.9%
Gross profit$151.5M+15.4%
Operating income$25.8M-28.3%
Net income$26.6M+37.3%
EPS (diluted)$0.27+22.7%

Balance sheet

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Cash & equivalents$163.3M+4.4%
Total debt$517.6M-9.0%
Total equity$573.3M+0.8%
Total assets$1.4B+0.5%

Cash flow

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Operating cash flow$36.2M+30.0%
CapEx$8.2M+395%
Free cash flow$28.0M+7.0%

Valuation & ratios

Valuation

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Market cap$12.81B+204%
Enterprise value$13.16B+221%
P/S11.8×+7.9×

Profitability

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Gross margin51.6%+0.4pp
Net margin-3%
FCF margin15.9%+7.7pp

Returns & leverage

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Return on equity-5.8%
Debt / equity0.9×-0.1×
Current ratio2.4×-0.2×

Segments

By segment

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Signal Integrity$102.0M+38.7%
Analog Mixed Signal and Wireless$100.8M+11.2%
IoT Systems and Connectivity$88.3M+1.5%

By product

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Services$26.1M-4.2%

Competitors

Profile

Semtech Corp is a leading provider of high-performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer, and industrial end markets. The company specializes in proprietary solutions for data center networking, IoT connectivity, and cellular infrastructure, leveraging a 'fab-lite' manufacturing model to deliver power-efficient and small-form-factor technologies.

Competitive position

A global leader in LoRa technology and wireless cellular embedded modules for IoT, competing through high-performance analog expertise and integrated device-to-cloud solutions.

GeographiesUnited States, China, Taiwan, Europe, Asia-Pacific
Customer segmentsOriginal Equipment Manufacturers (OEMs), Enterprise, Infrastructure Providers
Business modelFab-lite manufacturing, Hardware-as-a-Service, Cloud connectivity services
SuppliersThird-party wafer foundries, Assembly and test contractors, Electronics Manufacturing Services (EMS) partners, Raw material suppliers (silicon, metals, plastics)
CustomersIndependent distributors, Technology OEMs, IoT solution providers, Mobile network operators
Listed1972
Employees1.9K
CEOHong Q. Hou
FilingsSEC EDGAR

Questions, answered.

What is Semtech's market cap?
Semtech (SMTC) has a market capitalization of $12.8B and trades on NASDAQ.
What is Semtech's revenue and profitability?
Semtech generated $1.1B in trailing twelve-month revenue with a net loss of $33.2M, representing a net margin of -3.0%. Gross margin stands at 51.6%, with free cash flow of $173.2M. These figures are based on the Q2 2026 filing.
Who are Semtech's competitors?
Semtech's key competitors include Texas Instruments, Analog Devices, Broadcom Inc. Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Semtech have?
Semtech's subsidiaries include HieFo Corporation, Sierra Wireless.
Where is Semtech headquartered?
Semtech is headquartered in United States of America and employs approximately 1,917 people. It has been publicly traded since 1972.