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Semtech SMTC IoT Systems and Connectivity — Gross Profit

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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$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:GrossProfit.

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 iot systems and connectivity — gross profit?
Semtech (SMTC) reported iot systems and connectivity — gross profit of $31.57M in Q1 2026.
How has Semtech's iot systems and connectivity — gross profit changed year-over-year?
Semtech's iot systems and connectivity — gross profit increased by 5.5% year-over-year, from $29.92M to $31.57M.
What is the long-term trend for Semtech's iot systems and connectivity — gross profit?
Over 2 years (2024 to 2026), Semtech's iot systems and connectivity — gross profit has grown at a -16.8% compound annual growth rate (CAGR), from $181.51M to $125.74M.
What does iot systems and connectivity — gross profit mean?
Calculated as the net sales of the IoT Systems and Connectivity segment minus the direct cost of sales for that same segment. This figure represents the absolute dollar amount of profit generated before accounting for operating expenses, highlighting the core profitability of the IoT business.