What is Semtech's capex?

Semtech (SMTC) reported capex of $8.17M in Q1 2026.

How has Semtech's capex changed year-over-year?

Semtech's capex increased by 395.3% year-over-year, from $1.65M to $8.17M.

What is the long-term trend for Semtech's capex?

Over 4 years (2022 to 2026), Semtech's capex has grown at a -21.8% compound annual growth rate (CAGR), from $26.18M to $9.78M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Semtech SMTC CapEx

CapEx at other companies

Analog DevicesADI

$137.7M+52.5%

Texas InstrumentsTXN

$676M-39.8%

AirgainAIRG

$55K+31.0%

Monolithic Power SystemsMPWR

$70.85M+75.6%

Alpha and Omega SemiconductorAOSL

$12.12M+43.9%

MACOM Technology SolutionsMTSI

$13.19M+61.7%

Other financials

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%

Free cash flow$28.0M+7.0%

Valuation

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Market cap$13.17B+213%

Enterprise value$13.52B+193%

P/S12.1×+7.7×

Profitability

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Gross margin51.6%+0.4pp

Operating margin7%+3.7pp

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×

Where this comes from

Reported directly by Semtech in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Semtech’s 10-Q, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Semtech's capex?: Semtech (SMTC) reported capex of $8.17M in Q1 2026.
How has Semtech's capex changed year-over-year?: Semtech's capex increased by 395.3% year-over-year, from $1.65M to $8.17M.
What is the long-term trend for Semtech's capex?: Over 4 years (2022 to 2026), Semtech's capex has grown at a -21.8% compound annual growth rate (CAGR), from $26.18M to $9.78M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.