Discontinued — last reported Q3 '24
Business Segments · Gross Profit
IoT Systems — Gross Profit
Semtech IoT Systems — Gross Profit decreased by 16.9% to $42.58M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 18.7%, from $35.87M to $42.58M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ3 2024Dec 6, 2023
Rolls up toGross Profit
How to read this metric
An increase suggests improved manufacturing efficiencies, better cost management, or higher product margins within the IoT segment.
Detailed definition
This metric represents the earnings remaining after subtracting the direct costs of manufacturing and delivering IoT sys...
Peer comparison
Comparable to gross profit metrics for hardware-centric business segments in peer semiconductor or technology firms.
Metric ID:
smtc_segment_iot_systems_gross_profitHistorical Data
10 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0 | $0 | $0 | $0 | $38.25M | $40.24M | $35.87M | $59.12M | $51.21M | $42.58M |
| QoQ Change | — | — | — | — | — | +5.2% | -10.9% | +64.8% | -13.4% | -16.9% |
| YoY Change | — | — | — | — | — | — | — | +54.6% | +27.3% | +18.7% |
Range$0 – $59.12M
Avg YoY Growth+33.5%
Median YoY Growth+27.3%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Semtech's iot systems — gross profit?
- Semtech (SMTC) reported iot systems — gross profit of $42.58M in Q3 2023.
- How has Semtech's iot systems — gross profit changed year-over-year?
- Semtech's iot systems — gross profit increased by 18.7% year-over-year, from $35.87M to $42.58M.
- What does iot systems — gross profit mean?
- The profit earned from IoT system sales after accounting for the direct costs of production.