SEMTECH CORP SMTC
Last close
147.88
2026-09-04
Market cap
$13.78B
2026-04-26 share count
52-week range
57.50 - 177.35
Valuation FY2025 figures against the last close
P/S13.1x
P/E—
P/FCF80.4x
EV/EBITDA225.3x
Dividend yield—
Diluted EPS-0.46
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -17.03 | 0.96 | 1.94 | 0.92 | 0.48 | 1.06 | 0.52 | 0.84 |
| EPS, diluted | -0.46 | -2.26 | -17.03 | 0.96 | 1.92 | 0.91 | 0.47 | 1.02 | 0.51 | 0.83 |
| Shares, diluted (wtd. avg.) | $88.4M | $71.6M | $64.1M | $64.0M | $65.6M | $66.1M | $67.4M | $68.5M | $67.6M | $66.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3674
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NVDA | NVIDIA CORP | $5.55T | 47.0x | 65.5% |
| AVGO | Broadcom Inc. | $1.70T | 75.0x | 23.9% |
| MU | MICRON TECHNOLOGY INC | $1.15T | 133.9x | 48.9% |
| AMD | ADVANCED MICRO DEVICES INC | $779.62B | 180.2x | 34.3% |
| INTC | INTEL CORP | $483.22B | — | -0.5% |
| AMAT | APPLIED MATERIALS INC /DE | $360.86B | 52.5x | 4.4% |
| TXN | TEXAS INSTRUMENTS INC | $236.02B | 47.4x | 13.0% |
| MRVL | Marvell Technology, Inc. | $196.03B | 72.8x | 42.1% |