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Semtech SMTC Current ratio

Current ratio at other companies

Analog Devices logo
Analog DevicesADI
1.8×-0.3×
Texas Instruments logo
Texas InstrumentsTXN
4.5×-0.8×
Monolithic Power Systems logo
Monolithic Power SystemsMPWR
4.8×-0.1×
TE Connectivity logo
TE ConnectivityTEL
1.9×+0.4×
Broadcom Inc. logo
Broadcom Inc.AVGO
2.2×+1.2×
Teradyne, Inc. logo
Teradyne, Inc.TER
2.1×-0.6×

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

Valuation

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Market cap$13.99B+285%
Enterprise value$14.35B+243%
P/S12.8×+9.0×

Profitability

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Gross margin51.6%+0.4pp
Operating margin7%+3.7pp
Net margin-3%

Returns & leverage

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Return on equity-5.8%
Debt / equity0.9×-0.1×

Where this comes from

Calculated from Semtech’s reported figures.

Based on the most recent quarter.

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 current ratio?
Semtech (SMTC) reported current ratio of 2.4× in Q1 2026.
How has Semtech's current ratio changed year-over-year?
Semtech's current ratio decreased by 6.5% year-over-year, from 2.5× to 2.4×.
What is the long-term trend for Semtech's current ratio?
Over 4 years (2022 to 2026), Semtech's current ratio has grown at a -12.5% compound annual growth rate (CAGR), from 16.9× to 9.9×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.