Unrecognized Tax Benefits - Impacting Effective Tax Rate
Semtech Unrecognized Tax Benefits - Impacting Effective Tax Rate increased by 10.9% to $5.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.9%, from $5.20M to $5.10M. Over 5 years (FY 2021 to FY 2026), Unrecognized Tax Benefits - Impacting Effective Tax Rate shows a downward trend with a -13.9% CAGR.
Analysis
How to read this metric
An increase suggests higher tax uncertainty, while a decrease may indicate the resolution of tax audits or the expiration of statutes of limitations.
Detailed definition
This represents the portion of tax positions taken by the company that have not been recognized in the financial stateme...
Peer comparison
Highly dependent on the company's global tax footprint and audit environment; peers with similar international operations show comparable levels of tax uncertainty.
unrecognized_tax_benefits_impacting_etrHistorical 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 | $9.80M | $8.90M | $8.80M | $9.30M | $9.40M | $9.50M | $9.50M | $12.60M | $12.80M | $12.10M | $12.40M | $14.60M | $14.60M | $14.80M | $14.90M | $4.80M | $5.20M | $5.30M | $5.50M | $4.60M | $5.10M |
| QoQ Change | — | -9.2% | -1.1% | +5.7% | +1.1% | +1.1% | +0.0% | +32.6% | +1.6% | -5.5% | +2.5% | +17.7% | +0.0% | +1.4% | +0.7% | -67.8% | +8.3% | +1.9% | +3.8% | -16.4% | +10.9% |
| YoY Change | — | — | — | — | -4.1% | +6.7% | +8.0% | +35.5% | +36.2% | +27.4% | +30.5% | +15.9% | +14.1% | +22.3% | +20.2% | -67.1% | -64.4% | -64.2% | -63.1% | -4.2% | -1.9% |
Unrecognized Tax Benefits - Impacting Effective Tax Rate at Other Companies
Frequently Asked Questions
- What is Semtech's unrecognized tax benefits - impacting effective tax rate?
- Semtech (SMTC) reported unrecognized tax benefits - impacting effective tax rate of $5.10M in Q1 2026.
- How has Semtech's unrecognized tax benefits - impacting effective tax rate changed year-over-year?
- Semtech's unrecognized tax benefits - impacting effective tax rate decreased by 1.9% year-over-year, from $5.20M to $5.10M.
- What is the long-term trend for Semtech's unrecognized tax benefits - impacting effective tax rate?
- Over 5 years (2021 to 2026), Semtech's unrecognized tax benefits - impacting effective tax rate has grown at a -13.9% compound annual growth rate (CAGR), from $9.70M to $4.60M.
- What does unrecognized tax benefits - impacting effective tax rate mean?
- Potential tax savings that are currently excluded from financial results due to uncertainty.