Discontinued — last reported Q4 '24
Business Segments · Gross Profit
IoT Connected Services — Gross Profit
Semtech IoT Connected Services — Gross Profit increased by 5.3% to $12.39M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 397.9%, from $2.49M to $12.39M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ4 2024Mar 28, 2024
Rolls up toGross Profit
How to read this metric
An increase indicates improved pricing power or more efficient service delivery, while a decrease may signal rising service costs or pricing pressure.
Detailed definition
This metric represents the earnings remaining after deducting the direct costs associated with providing IoT connectivit...
Peer comparison
Comparable to gross margin or gross profit metrics for service-oriented segments within hardware-focused technology companies.
Metric ID:
smtc_segment_iot_connected_services_gross_profitHistorical Data
12 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.49M | $11.16M | $11.90M | $11.77M | $12.39M |
| QoQ Change | — | — | — | — | — | — | — | — | +348.5% | +6.6% | -1.1% | +5.3% |
| YoY Change | — | — | — | — | — | — | — | — | — | — | — | +397.9% |
Range$0.00 – $12.39M
Avg YoY Growth+397.9%
Median YoY Growth+397.9%
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Frequently Asked Questions
- What is Semtech's iot connected services — gross profit?
- Semtech (SMTC) reported iot connected services — gross profit of $12.39M in Q4 2023.
- How has Semtech's iot connected services — gross profit changed year-over-year?
- Semtech's iot connected services — gross profit increased by 397.9% year-over-year, from $2.49M to $12.39M.
- What does iot connected services — gross profit mean?
- The profit earned from IoT services after subtracting the direct costs of providing those services.