What is Semtech's net income?

Semtech (SMTC) reported net income of $26.56M in Q1 2026.

How has Semtech's net income changed year-over-year?

Semtech's net income increased by 37.3% year-over-year, from $19.35M to $26.56M.

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

Over 2 years (2022 to 2026), Semtech's net income has grown at a -43.3% compound annual growth rate (CAGR), from $125.66M to -$40.38M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Semtech SMTC Net Income

Net Income at other companies

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$68M-27.7%

Travel + LeisureTNL

$79M+8.2%

UnifirstUNF

$20.48M-16.3%

Main Street CapitalMAIN

$48.98M-57.8%

HES

Hess MidstreamHESM

$87.6M+22.3%

Middlesex Water CompanyMSEX

$10.61M+11.9%

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%

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$15.12B+317%

Enterprise value$15.47B+283%

P/S13.9×+10.1×

Profitability

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Gross margin51.6%+0.4pp

Operating margin7%+3.7pp

Net margin-3%—

FCF margin15.9%+7.7pp

Returns & leverage

See full

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:ProfitLoss.

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 net income?: Semtech (SMTC) reported net income of $26.56M in Q1 2026.
How has Semtech's net income changed year-over-year?: Semtech's net income increased by 37.3% year-over-year, from $19.35M to $26.56M.
What is the long-term trend for Semtech's net income?: Over 2 years (2022 to 2026), Semtech's net income has grown at a -43.3% compound annual growth rate (CAGR), from $125.66M to -$40.38M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.