SEMTECH CORP SMTC

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Last close 132.00 2026-10-23
Market cap $12.30B 2026-04-26 share count
52-week range 60.28 - 201.99

Valuation FY2025 figures against the last close

P/S11.7x
P/E—
P/FCF71.7x
EV/EBITDA201.6x
Dividend yield—
Diluted EPS-0.46

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Asia-Pacific
  • North America
  • Europe
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Asia-Pacific, FY2025: 697.6M (66.4%) 66% Asia-Pacific North America, FY2025: 231.9M (22.1%) 22% North America Europe, FY2025: 120.5M (11.5%) 11% Europe FY2024 Asia-Pacific, FY2024: 574.7M (63.2%) 63% North America, FY2024: 204.5M (22.5%) 22% Europe, FY2024: 130.1M (14.3%) 14% FY2023 Asia-Pacific, FY2023: 505.6M (58.2%) 58% North America, FY2023: 237.1M (27.3%) 27% Europe, FY2023: 126M (14.5%) 15%
Region FY2025FY2024FY2023
Asia-Pacific $697.6M $574.7M $505.6M
North America $231.9M $204.5M $237.1M
Europe $120.5M $130.1M $126.0M

As the company reported it, from the “Segment Information - Revenue by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.05B$909.3M$868.8M$756.5M$740.9M$595.1M$547.5M$627.2M$587.8M$544.3M
Cost of revenue $507.8M$452.8M$572.5M$278.0M$279.7M$239.2M$210.8M$250.2M$235.9M$219.4M
Gross profit $542.1M$456.5M$296.2M$478.6M$461.1M$355.9M$336.7M$377.0M$352.0M$324.9M
R&D $196.3M$170.9M$186.4M$166.9M$147.9M$117.5M$107.4M$109.0M$105.1M$102.5M
SG&A $221.9M$222.4M$220.2M$224.8M$168.2M$162.8M$163.1M$145.2M$148.1M$138.7M
Total operating expenses $509.6M$406.6M$1.24B$385.8M$316.1M$280.9M$284.7M$271.5M$285.4M$240.8M
Operating income $32.6M$49.9M-$944.3M$92.8M$145.0M$75.0M$52.0M$105.5M$66.6M$84.1M
Interest expense $40.6M$90.1M$95.8M$17.6M$5.1M$5.3M$9.1M$9.2M$8.0M$9.3M
Pre-tax income -$21.2M-$183.4M-$1.04B$78.5M$139.1M$63.0M$44.6M$70.1M$57.8M$73.1M
Income tax $19.8M$22.0M$50.5M$17.3M$15.5M$3.4M$12.8M$355.0K$22.9M$18.4M
Net income -$40.4M-$161.9M-$1.09B$61.4M$125.6M$59.9M$31.9M$69.6M$34.6M$54.7M
EPS, basic -0.46-2.26-17.030.961.940.920.481.060.520.84
EPS, diluted -0.46-2.26-17.030.961.920.910.471.020.510.83
Shares, diluted (wtd. avg.) 88.4M71.6M64.1M64.0M65.6M66.1M67.4M68.5M67.6M66.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $195.2M$151.7M$128.6M$235.5M$279.6M$268.9M$293.3M$312.1M$307.9M$297.1M
Short-term investments $0$12.7M$14.5M$12.6M$12.4M—————
Receivables $160.6M$162.5M$134.3M$161.7M$71.5M$70.4M$61.9M$79.2M$53.2M$51.4M
Inventory $195.7M$163.6M$145.0M$207.7M$114.0M$87.5M$73.0M$63.7M$71.1M$65.9M
Total current assets $655.1M$585.5M$534.2M$722.8M$502.3M$474.7M$460.7M$485.3M$461.2M$438.4M
Property, plant and equipment $109.3M$126.2M$153.6M$169.3M$134.9M$130.9M$124.4M$118.5M$124.6M$108.9M
Goodwill $457.9M$533.1M$541.2M$1.28B$351.1M$351.1M$351.1M$351.1M$341.9M$329.7M
Other intangibles $40.0M$33.1M$35.6M$215.1M$6.8M$11.7M$20.0M$36.6M$60.2M$61.8M
Total assets $1.41B$1.42B$1.37B$2.57B$1.13B$1.08B$1.05B$1.06B$1.09B$1.01B
Short-term debt $0$45.6M$0$43.1M$0—$0$18.3M$15.4M$14.4M
Total current liabilities $275.9M$283.0M$217.2M$396.9M$128.4M$109.6M$98.6M$129.9M$126.2M$123.0M
Long-term debt $491.2M$505.9M$1.37B$1.30B$171.7M$179.2M$194.7M$192.8M$211.1M$226.5M
Retained earnings -$436.1M-$395.7M-$233.8M$858.2M$796.9M$671.2M$611.6M$579.7M$500.6M$467.9M
Total equity $549.7M$542.4M-$307.2M$756.0M$737.8M$699.0M$677.2M$682.6M$665.4M$605.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $181.2M$58.0M-$93.9M$126.7M$203.1M$118.9M$118.6M$183.6M$111.5M$117.6M
Depreciation and amortisation $29.9M$33.2M$29.3M$25.8M$26.0M$23.6M$23.4M$23.0M$49.0M$47.1M
Stock-based compensation $57.7M$68.0M$40.2M$39.2M$51.2M$53.0M$52.0M$66.8M$50.1M$30.8M
Capital expenditure $9.8M$7.9M$29.2M$28.3M$26.2M$32.7M$23.1M$17.1M$35.5M$32.9M
Investing cash flow -$38.8M-$11.9M-$22.7M-$1.25B-$40.3M-$42.9M-$34.3M-$36.2M-$65.9M-$13.5M
Financing cash flow -$101.1M-$21.7M$10.6M$1.08B-$152.1M-$100.5M-$103.1M-$143.1M-$34.8M-$18.8M
Buybacks —$0$0$50.0M$129.7M$71.4M$70.2M$116.2M$14.8M$1.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-015949.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B -1B 0 1B 2B Revenue, FY2016: 544.3M Gross profit, FY2016: 324.9M Net income, FY2016: 54.7M Revenue, FY2017: 587.8M Gross profit, FY2017: 352M Net income, FY2017: 34.6M Revenue, FY2018: 627.2M Gross profit, FY2018: 377M Net income, FY2018: 69.6M Revenue, FY2019: 547.5M Gross profit, FY2019: 336.7M Net income, FY2019: 31.9M Revenue, FY2020: 595.1M Gross profit, FY2020: 355.9M Net income, FY2020: 59.9M Revenue, FY2021: 740.9M Gross profit, FY2021: 461.1M Net income, FY2021: 125.6M Revenue, FY2022: 756.5M Gross profit, FY2022: 478.6M Net income, FY2022: 61.4M Revenue, FY2023: 868.8M Gross profit, FY2023: 296.2M Net income, FY2023: -1.1B Revenue, FY2024: 909.3M Gross profit, FY2024: 456.5M Net income, FY2024: -161.9M Revenue, FY2025: 1B Gross profit, FY2025: 542.1M Net income, FY2025: -40.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $544.3M $587.8M $627.2M $547.5M $595.1M $740.9M $756.5M $868.8M $909.3M $1.05B
Gross profit $324.9M $352.0M $377.0M $336.7M $355.9M $461.1M $478.6M $296.2M $456.5M $542.1M
Net income $54.7M $34.6M $69.6M $31.9M $59.9M $125.6M $61.4M -$1.09B -$161.9M -$40.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3674

TickerCompanyMarket capP/ERevenue growth
NVDA NVIDIA CORP $5.08T 43.1x 65.5%
AVGO Broadcom Inc. $1.53T 67.4x 23.9%
MU MICRON TECHNOLOGY INC $991.10B 115.6x 48.9%
AMD ADVANCED MICRO DEVICES INC $843.65B 195.0x 34.3%
INTC INTEL CORP $438.63B — -0.5%
AMAT APPLIED MATERIALS INC /DE $299.38B 43.6x 4.4%
TXN TEXAS INSTRUMENTS INC $259.99B 52.2x 13.0%
MRVL Marvell Technology, Inc. $200.38B 74.4x 42.1%