Unrecognized Tax Benefits
Semtech Unrecognized Tax Benefits increased by 3.6% to $21.25M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.9%, from $21.66M to $21.25M. Over 5 years (FY 2021 to FY 2026), Unrecognized Tax Benefits shows a downward trend with a -5.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease generally signals the resolution of tax audits or the expiration of statutes of limitations, while an increase suggests new tax planning risks.
Detailed definition
This represents the cumulative amount of tax benefits from uncertain tax positions that have not been recognized in the...
Peer comparison
Standard for multinational corporations; peers with complex global tax structures often carry significant balances in this category.
unrecognized_tax_benefitsHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $26.99M | $26.15M | $26.38M | $27.05M | $27.20M | $27.44M | $27.44M | $31.47M | $31.63M | $31.04M | $31.46M | $36.55M | $36.62M | $37.10M | $37.51M | $20.97M | $21.66M | $21.98M | $22.40M | $20.51M | $21.25M |
| QoQ Change | — | -3.1% | +0.8% | +2.6% | +0.5% | +0.9% | +0.0% | +14.7% | +0.5% | -1.9% | +1.3% | +16.2% | +0.2% | +1.3% | +1.1% | -44.1% | +3.3% | +1.4% | +1.9% | -8.4% | +3.6% |
| YoY Change | — | — | — | — | +0.8% | +4.9% | +4.0% | +16.3% | +16.3% | +13.1% | +14.6% | +16.1% | +15.8% | +19.5% | +19.2% | -42.6% | -40.8% | -40.8% | -40.3% | -2.2% | -1.9% |
Unrecognized Tax Benefits at Other Companies
Frequently Asked Questions
- What is Semtech's unrecognized tax benefits?
- Semtech (SMTC) reported unrecognized tax benefits of $21.25M in Q1 2026.
- How has Semtech's unrecognized tax benefits changed year-over-year?
- Semtech's unrecognized tax benefits decreased by 1.9% year-over-year, from $21.66M to $21.25M.
- What is the long-term trend for Semtech's unrecognized tax benefits?
- Over 5 years (2021 to 2026), Semtech's unrecognized tax benefits has grown at a -5.2% compound annual growth rate (CAGR), from $26.85M to $20.51M.
- What does unrecognized tax benefits mean?
- The amount of potential tax savings that the company has not yet claimed because the outcome is uncertain.