NASDAQ · Semiconductors · Fiscal year endsFY ends January

Semtech Corporation

SMTC

$110.28-17.14 (-13.45%)Today

52-week low $60.28high $201.99

45.4% below its 52-week high

Next earningsDec 2, 2026

Revenue by fiscal year, $ billions

2.1x over the years shown (FY15–FY26)

Fiscal years · gold is the latest

0.5

FY15

0.5

FY16+11%

0.6

FY17+8%

0.5

FY19-7%

0.6

FY21+9%

0.7

FY22+24%

0.8

FY23+2%

0.9

FY24+15%

0.9

FY25+5%

1.0

FY26+15%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY15	FY16	FY17	FY19	FY21	FY22	FY23	FY24	FY25	FY26
Income
Revenue	0.49	0.54	0.59	0.55	0.60	0.74	0.76	0.87	0.91	1.05
Revenue growth	-12%	+11%	+8%	—	—	+24%	+2%	+15%	+5%	+15%
Gross margin	59.8%	59.7%	59.9%	61.5%	59.8%	62.2%	63.3%	34.1%	50.2%	51.6%
Operating income	0.03	0.08	0.07^†	0.05	0.07	0.15	0.09	-0.94	0.05	0.03
Operating margin	6.1%	15.4%	11.3%	9.5%	12.6%	19.6%	12.3%	-108.7%	5.5%	3.1%
Net income	0.01	0.05	0.03^†	0.03	0.06	0.13	0.06	-1.09	-0.16	-0.04
Net margin	2.3%	10.0%	5.9%	5.8%	10.1%	17.0%	8.1%	-125.7%	-17.8%	-3.8%
Cash flow
Operating cash flow	0.10	0.12	0.11	0.12	0.12	0.20	0.13	-0.09	0.06	0.18
Capital expenditure	0.01	0.03	0.04	0.02	0.03	0.03	0.03	0.03	0.01	0.01
Free cash flow (calculated)	0.09	0.08	0.08	0.10	0.09	0.18	0.10	-0.12	0.05	0.17
Share repurchases	0.06	0.00	0.01	0.07	0.07	0.13	0.05	0.00	0.00	—
Balance sheet
Cash and equivalents	0.21	0.30	0.31	0.29	0.27	0.28	0.24	0.13	0.15	0.20
Total assets	0.91	1.01	1.09^†	1.05	1.08	1.13	2.57	1.37	1.42	1.41
Total equity	0.53	0.61	0.67	0.68	0.70	0.74	0.76	-0.31	0.54	0.55

Source: Semtech Corporation's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in January.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.