What is Semtech's operating income?

Semtech (SMTC) reported operating income of $25.79M in Q1 2026.

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

Semtech's operating income decreased by 28.3% year-over-year, from $35.97M to $25.79M.

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

Over 2 years (2022 to 2025), Semtech's operating income has grown at a -41.3% compound annual growth rate (CAGR), from $145.02M to $49.93M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Semtech SMTC Operating Income

Operating Income at other companies

Analog DevicesADI

$1.38B+104%

Texas InstrumentsTXN

$1.81B+36.6%

AirgainAIRG

-$2.11M+31.8%

Monolithic Power SystemsMPWR

$241.15M+42.9%

Alpha and Omega SemiconductorAOSL

-$14.06M-31.9%

MACOM Technology SolutionsMTSI

$50.83M+45.8%

Other financials

Income statement

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Revenue$291.0M+15.9%

Gross profit$151.5M+15.4%

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$13.17B+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:OperatingIncomeLoss.

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 operating income?: Semtech (SMTC) reported operating income of $25.79M in Q1 2026.
How has Semtech's operating income changed year-over-year?: Semtech's operating income decreased by 28.3% year-over-year, from $35.97M to $25.79M.
What is the long-term trend for Semtech's operating income?: Over 2 years (2022 to 2025), Semtech's operating income has grown at a -41.3% compound annual growth rate (CAGR), from $145.02M to $49.93M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.