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Semtech SMTC Products — Net sales:

Other product segments

Services
$26.14M-4.2%

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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$12.99B+209%
Enterprise value$13.34B+191%
P/S11.9×+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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Semtech’s 10-Q, filed May 27, 2026.

Filed
May 27, 2026, 4:04 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0000088941-26-000013
Line itemThree Months Ended / April 26, 2026Three Months Ended / April 27, 2025
Net sales:
Products$264,874$223,776
Services26,14427,284
Total net sales291,018251,060
Cost of sales:
Products123,908105,411
Services13,89612,155
Amortization of acquired technology1,7502,205

ITEM 1.Financial Statements

FAQ

What is Semtech's products — net sales:?
Semtech (SMTC) reported products — net sales: of $264.87M in Q1 2026.
How has Semtech's products — net sales: changed year-over-year?
Semtech's products — net sales: increased by 18.4% year-over-year, from $223.78M to $264.87M.
What is the long-term trend for Semtech's products — net sales:?
Over 3 years (2023 to 2026), Semtech's products — net sales: has grown at a 7.9% compound annual growth rate (CAGR), from $750.11M to $942.09M.
What does products — net sales: mean?
This metric represents the total revenue generated from the sale of semiconductor products, including analog, mixed-signal, and wireless components, before the deduction of any returns or allowances. It serves as a primary indicator of market demand and the company's ability to monetize its core hardware and connectivity technology portfolio. Growth in this figure reflects successful product adoption and expansion within the company's target industrial and IoT markets.

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