SMTC
SEMTECH CORP
Next earnings Aug 24, 2026 · consensus $0.61 EPS, $333M rev
Last earnings +4.9% on 2026-05-26
$149.75
▼ -7.72%$149.75▲ +257.57%
over 1Y
L $41.06EODHDH $174.73
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-7.7%
1W-14.3%
1M-4.7%
3M+107.5%
YTD+99.0%
1Y+257.6%
Hold
Conviction
Horizon
Long (>12mo)
Street · 22 analysts
Buy
Semtech's data-center and LoRa turnaround is real, but a 14x sales multiple on a still-unprofitable chipmaker prices in flawless execution.
Semtech is executing a genuine operational turnaround. FY2026 revenue grew 15.5% to $1.05B with growth across all three segments, led by an ~$81.4M increase in data center sales (Signal Integrity) and ~$39.7M of LoRa-enabled industrial sales. Gross margin expanded to 51.6% from 50.2%, and Signal Integrity gross margin hit 65.2% on favorable mix and overhead absorption. Most strikingly, operating cash flow surged 212.4% to $181M and cash rose 28.6% to $195M, while the net loss narrowed sharply to -$40.4M from -$162M the prior year. The data-center exposure ties Semtech to one of the strongest secular demand themes in semis.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $741M | $757M | $869M | $909M | $1.05B |
| Gross profit | $461M | $479M | $296M | $457M | $542M |
| Operating income | $145M | $92.8M | -$944M | $49.9M | $32.6M |
| Net income | $126M | $61.4M | -$1.09B | -$162M | -$40.4M |
| Diluted EPS | $1.92 | $0.96 | -$17.03 | -$2.26 | -$0.46 |
| Net margin | 17.0% | 8.1% | -125.7% | -17.8% | -3.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$14.2B
EV / EBITDA197.0
EV / Sales13.5
EV / FCF82.9
P / FCF81.2
PEG (trailing)—
Earnings yield-0.3%
FCF yield1.2%
Quality & risk
ROIC (est.)2.5%
Free cash flow$171M
Total debt$491M
Net cash-$296M
Piotroski F-Score7/9
Capital returns
Buyback yield0.0%
Dividend yield (est.)—
Shareholder yield0.0%
Shares Δ YoY+7.5%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-242026-06-26open ↗4Period ending 2026-06-222026-06-24open ↗144Filing2026-06-16open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗144Filing2026-06-10open ↗4Period ending 2026-06-052026-06-09open ↗8-KPeriod ending 2026-06-022026-06-08open ↗4Period ending 2026-06-032026-06-05open ↗
Frequently asked
- Is SEMTECH CORP (SMTC) a buy?
- SMTC currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Semtech's data-center and LoRa turnaround is real, but a 14x sales multiple on a still-unprofitable chipmaker prices in flawless execution.
- What is SEMTECH CORP's quality score?
- SMTC scores 51.3921568627451/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000088941, latest 10-Q filed 2026-05-27) · EODHD · analysis by claude-code · as of 6/21/2026, 8:44:59 PM.
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