Unrecognized tax benefits
Semtech Unrecognized tax benefits increased by 3.6% to $21.25M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.9%, from $21.66M to $21.25M. Over 5 years (FY 2021 to FY 2026), Unrecognized tax benefits shows a downward trend with a -5.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests more aggressive tax positions or increased scrutiny from tax authorities, while a decrease indicates resolution of tax uncertainties.
Detailed definition
Represents the total amount of tax benefits that have been taken or are expected to be taken in tax returns but have not...
Peer comparison
Standard disclosure for large multinational corporations; peers with complex global tax structures typically report significant balances.
other_unrecognized_tax_benefitsHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $26.99M | $26.15M | $26.38M | $27.05M | $27.20M | $27.44M | $27.44M | $31.47M | $31.63M | $31.04M | $31.46M | $36.55M | $36.62M | $37.10M | $37.51M | $20.97M | $21.66M | $21.98M | $22.40M | $20.51M | $21.25M |
| QoQ Change | — | -3.1% | +0.8% | +2.6% | +0.5% | +0.9% | +0.0% | +14.7% | +0.5% | -1.9% | +1.3% | +16.2% | +0.2% | +1.3% | +1.1% | -44.1% | +3.3% | +1.4% | +1.9% | -8.4% | +3.6% |
| YoY Change | — | — | — | — | +0.8% | +4.9% | +4.0% | +16.3% | +16.3% | +13.1% | +14.6% | +16.1% | +15.8% | +19.5% | +19.2% | -42.6% | -40.8% | -40.8% | -40.3% | -2.2% | -1.9% |
Unrecognized tax benefits at Other Companies
Frequently Asked Questions
- What is Semtech's unrecognized tax benefits?
- Semtech (SMTC) reported unrecognized tax benefits of $21.25M in Q1 2026.
- How has Semtech's unrecognized tax benefits changed year-over-year?
- Semtech's unrecognized tax benefits decreased by 1.9% year-over-year, from $21.66M to $21.25M.
- What is the long-term trend for Semtech's unrecognized tax benefits?
- Over 5 years (2021 to 2026), Semtech's unrecognized tax benefits has grown at a -5.2% compound annual growth rate (CAGR), from $26.85M to $20.51M.
- What does unrecognized tax benefits mean?
- The total value of tax positions taken that are not yet fully recognized in financial reporting due to uncertainty.