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Semtech SMTC Operating Lease Liabilities

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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%
Free cash flow$28.0M+7.0%

Valuation

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Market cap$12.55B+184%
Enterprise value$12.91B+169%
P/S11.5×+7.1×

Profitability

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Gross margin51.6%+0.4pp
Operating margin7%+3.7pp
Net margin-3%
FCF margin15.9%+7.7pp

Returns & leverage

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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:OperatingLeaseLiabilityNoncurrent.

The source filing: Semtech’s 10-Q, filed May 27, 2026.

Filed
May 27, 2026, 4:04 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0000088941-26-000013
(in thousands)April 26, 2026January 25, 2026
Operating lease right-of-use assets in "Other assets"$22,387$23,455
Operating lease liabilities in "Accrued liabilities"$6,076$6,063
Operating lease liabilities in "Other long-term liabilities"19,55920,697
Total operating lease liabilities$25,635$26,760

ITEM 1.Financial Statements

FAQ

What is Semtech's operating lease liabilities?
Semtech (SMTC) reported operating lease liabilities of $19.56M in Q1 2026.
How has Semtech's operating lease liabilities changed year-over-year?
Semtech's operating lease liabilities decreased by 1.4% year-over-year, from $19.84M to $19.56M.
What is the long-term trend for Semtech's operating lease liabilities?
Over 5 years (2021 to 2026), Semtech's operating lease liabilities has grown at a 9.5% compound annual growth rate (CAGR), from $13.17M to $20.7M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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