What is Semtech's return on assets?

Semtech (SMTC) reported return on assets of -2.3% in Q1 2026.

What does return on assets mean?

How much profit the company squeezes out of everything it owns.

How do you interpret return on assets?

Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.

How does return on assets compare across companies?

Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.

Semtech SMTC Return on assets

Return on assets at other companies

Analog DevicesADI

7%+3.1pp

Texas InstrumentsTXN

15.8%+1.6pp

Monolithic Power SystemsMPWR

16.7%-35.4pp

TE ConnectivityTEL

11.8%+5.8pp

Broadcom Inc.AVGO

17.1%+9.5pp

Teradyne, Inc.TER

21%+4.8pp

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$14.74B+285%

Enterprise value$15.09B+243%

P/S13.5×+9.5×

Profitability

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Gross margin51.6%+0.4pp

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.

net income/total assets=-2.3%

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 return on assets?: Semtech (SMTC) reported return on assets of -2.3% in Q1 2026.
What does return on assets mean?: How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?: Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?: Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.