Business Description
Semtech Corporation is a technology firm specializing in the creation, production, and global distribution of advanced analog and mixed-signal semiconductor components, complemented by sophisticated algorithms. The company's extensive product portfolio begins with signal integrity solutions. These encompass crucial optical data communication and video transport products utilized in various infrastructure and industrial environments. It also provides integrated circuits specifically engineered for data centers, corporate networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications. Furthermore, Semtech develops video technologies for broadcast purposes and professional audio-visual (AV) needs, including innovative video-over-IP technology. Another significant offering involves protection products, which integrate filter and termination devices with transient voltage suppressors. These components are designed to shield electronic systems from harmful voltage spikes. Semtech also provides a range of wireless and sensing technologies, including specialized radio frequency (RF) products for diverse industrial, medical, and communications sectors, alongside advanced sensing components for both industrial and consumer markets. Its product line extends to power management devices, such as switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging solutions. These are essential for controlling, modifying, regulating, and conditioning electrical power within electronic systems. Semtech primarily serves original equipment manufacturers (OEMs) and their suppliers within the enterprise computing, communications, consumer, and industrial end-markets. The company distributes its products directly, as well as through a network of independent sales representative firms and independent distributors, reaching customers across North America, Europe, Asia-Pacific, and other international regions. The corporation was established in 1960 and maintains its headquarters in Camarillo, California.
Business History
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): -0.46
Total Equity: $549.70M
Shares: 88,400,000
Total Debt: $501.68M
Cash: $195.20M
EBITDA: $60.20M
Total Debt: $501.68M
Cash: $195.20M
Revenue: $1.05B
Shares: 88,400,000
Revenue: $1.05B
Revenue: $1.05B
Revenue: $1.05B
Total Equity: $549.70M
Tax Rate: -96.1%
Equity: $549.70M
Total Debt: $501.68M
Cash: $195.20M
Current Liabilities: $275.90M
Long-Term Debt: $491.20M
Total Debt: $501.68M
Total Equity: $549.70M
Shares: 88,400,000
Shares: 88,400,000
CapEx: -$9.78M
Shares: 88,400,000
Stock Price: $149.75
Net Income: -$40.40M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $740.9M | $756.5M | $868.8M | $909.3M | $1.1B |
| Cost of Revenue | $279.7M | $277.6M | $494.8M | $453.6M | $508.4M |
| Gross Profit | $461.1M | $479.0M | $374.0M | $455.6M | $541.6M |
| Operating Expenses | $318.9M | $320.0M | $408.1M | $394.0M | $408.0M |
| Operating Income | $142.3M | $159.0M | -$34.1M | $61.7M | $133.6M |
| Net Income | $125.7M | $61.4M | -$1.1B | -$161.9M | -$40.4M |
| EBITDA | $182.5M | $131.1M | -$851.1M | -$44.9M | $60.2M |
| EPS | $1.94 | $0.96 | $-17.03 | $-2.26 | $-0.46 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $279.6M | $235.5M | $128.6M | $151.7M | $195.2M |
| Total Current Assets | $502.3M | $722.8M | $534.2M | $585.5M | $655.1M |
| Total Assets | $1.1B | $2.6B | $1.4B | $1.4B | $1.4B |
| Current Liabilities | $128.4M | $396.9M | $217.2M | $283.0M | $275.9M |
| Long-Term Debt | $171.7M | $1.3B | $1.4B | $505.9M | $491.2M |
| Total Liabilities | $393.1M | $1.8B | $1.7B | $876.8M | $860.5M |
| Total Equity | $737.6M | $755.9M | -$307.4M | $542.4M | $549.7M |
| Retained Earnings | $796.9M | $858.2M | -$233.8M | -$395.7M | -$436.1M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $203.1M | $126.7M | -$93.9M | $58.0M | $169.5M |
| Capital Expenditure | -$26.2M | -$28.3M | -$31.1M | -$14.2M | -$9.8M |
| Free Cash Flow | $176.9M | $98.4M | -$125.0M | $43.8M | $159.7M |
| Acquisitions (net) | $110,000 | -$1.2B | $0 | $0 | -$21.5M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$129.7M | -$50.0M | -$6.7M | $0 | -$217.8M |
| Net Change in Cash | $10.7M | -$44.1M | -$106.9M | $23.2M | $43.4M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 9:51pm (11h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$1.0B $979.5M – $1.2B
|
$1.4B $1.3B – $1.4B
|
$1.7B $1.6B – $1.8B
|
$2.2B $2.2B – $2.2B
|
| EBITDA |
-$115.8M -$128.5M – -$108.1M
|
-$149.8M -$152.0M – -$144.3M
|
-$185.3M -$195.5M – -$172.8M
|
-$243.4M -$243.4M – -$243.4M
|
| Net Income |
$160.1M $149.0M – $171.2M
|
$234.9M $226.1M – $243.8M
|
$326.9M $283.7M – $370.0M
|
$450.7M $276.6M – $708.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | +2.1% | +14.8% | +4.7% | +15.5% |
| Gross Profit Growth | +3.9% | -21.9% | +21.8% | +18.9% |
| Operating Income Growth | +11.7% | -121.5% | +280.8% | +116.6% |
| Net Income Growth | -51.2% | -1,879.1% | +85.2% | +75.0% |
| EBITDA Growth | -28.2% | -749.3% | +94.7% | +234.0% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:39pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 1980-09-05 | $0.02 | |||
| 1980-06-06 | $0.02 |
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