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Semtech SMTC Free cash flow

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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%

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

Calculated from Semtech’s reported figures.

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 free cash flow?
Semtech (SMTC) reported free cash flow of $28.01M in Q1 2026.
How has Semtech's free cash flow changed year-over-year?
Semtech's free cash flow increased by 7.0% year-over-year, from $26.17M to $28.01M.
What is the long-term trend for Semtech's free cash flow?
Over 3 years (2022 to 2026), Semtech's free cash flow has grown at a -1.1% compound annual growth rate (CAGR), from $176.94M to $171.39M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.