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Semtech SMTC Gross margin

Gross margin at other companies

Analog Devices logo
Analog DevicesADI
64.5%+5.7pp
Texas Instruments logo
Texas InstrumentsTXN
57.3%-0.7pp
Monolithic Power Systems logo
Monolithic Power SystemsMPWR
55.2%-0.2pp
TE Connectivity logo
TE ConnectivityTEL
36.1%+1.2pp
Broadcom Inc. logo
Broadcom Inc.AVGO
68.3%+2.2pp
Teradyne, Inc. logo
Teradyne, Inc.TER
58.7%-0.7pp

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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Operating margin7%+3.7pp
Net margin-3%

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.

Based on trailing twelve months.

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 gross margin?
Semtech (SMTC) reported gross margin of 51.6% in Q1 2026.
How has Semtech's gross margin changed year-over-year?
Semtech's gross margin increased by 0.8% year-over-year, from 51.2% to 51.6%.
What is the long-term trend for Semtech's gross margin?
Over 4 years (2022 to 2026), Semtech's gross margin has grown at a -4.0% compound annual growth rate (CAGR), from 243.8% to 206.7%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.