Semtech Corporation SMTC R2K

Technology · Semiconductors · United States

https://www.semtech.com

Semtech Corporation provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe. The company operates in three segments: Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity. It provides signal integrity products, including a portfolio of optical and copper data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. The company also offers analog mixed signal and wireless products; protection devices, such as filter and termination devices which protect electronic systems from voltage spikes; and designs, develops, manufactures, and markets radio frequency products used in industrial, medical, and communications applications, as well as specialized sensing products. In addition, it provides switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging related products. Further, the company offers a portfolio of IoT systems and connectivity solutions, such as modules, gateways, routers, and connected services, including wireless connectivity and cloud-based services for industrial, medical, and communications applications. It serves original equipment manufacturers, solution providers, commercial applications, infrastructure, high-end consumer, and industrial end markets. The company sells its products through direct sales personnel, independent sales representative firms, and independent distributors. Semtech Corporation was incorporated in 1960 and is headquartered in Camarillo, California.

Market & Price

Market Cap

$14.21B

Current Price

$152.54

High / Low (52W)

$166.33 / $37.33

Beta

2.22

Valuation

Stock P/E

Industry PE

32.74

Forward P/E

39.26

PEG Ratio

1.21

Book Value

$6.17

Price to Book

24.72

P/S

13.04

EV/EBITDA

96.00

Dividend Yield

Profitability & Returns

ROCE

-0.60%

ROE

-5.81%

ROA

4.93%

Profit Margin

-3.04%

Op Margin

9.27%

EPS (Latest Qtr)

$0.27

EPS (TTM)

$-0.41

Balance Sheet & Liquidity

Debt/Equity

0.90

Quick Ratio

1.24

Current Ratio

2.37

Debt

$517.62M

Total Assets

$1.41B

Current Assets

$655.12M

Working Capital

$379.18M

Ownership

Promoter Holding

0.92%

Chg in Prom Hold

FII / Inst Holding

109.37%

Chg in FII Hold

0.08%

Financial Snapshot

Enterprise Value

$14.56B

Total Revenue (TTM)

$1.09B

EBITDA

$151.71M

Free Cash Flow

$132.51M

Operating Cash Flow

$189.53M

Shares Outstanding

93.15M

Gross Margin

52.39%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

11.55%

Profit 5Y

-55.26%

Revenue (YoY)

15.90%

Earnings (YoY)

22.70%

PROS

Compounding revenue at 11.5% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -55.3% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SMTC Semtech Corporation R2K	152.54	-	$14.21B	-	-0.60%	-5.81%	11.55%	-55.26%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Jul 2015	Oct 2015	Jan 2016	May 2016	Jul 2016	Oct 2016	Jan 2017	Apr 2017	Jul 2017	Oct 2017	Jan 2018	Apr 2018	Jul 2018	Oct 2018	Jan 2019	Apr 2019	Jul 2019	Oct 2019	Jan 2020	Apr 2020	Jul 2020	Oct 2020	May 2021	Aug 2021	Oct 2021	May 2022	Jul 2022	Oct 2022	Apr 2023	Jul 2023	Oct 2023	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026
Revenue	-	-	-	-	-	-	-	143.80M	153.13M	150.30M	140.61M	130.43M	163.21M	173.55M	160.01M	131.35M	137.15M	141.01M	138.00M	132.70M	143.66M	154.08M	170.37M	185.00M	194.93M	202.15M	209.25M	177.62M	236.54M	238.37M	200.90M	206.10M	215.35M	-	-	251.06M	257.59M	266.97M	274.36M	291.02M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119.77M	123.48M	128.49M	136.08M	139.55M
Gross Profit	75.58M	69.58M	69.55M	78.52M	81.78M	81.06M	83.50M	84.92M	92.24M	89.42M	85.40M	71.47M	100.12M	106.56M	98.87M	81.28M	84.88M	86.25M	84.28M	80.76M	88.25M	94.06M	104.86M	115.43M	123.69M	129.21M	134.77M	114.57M	102.95M	100.73M	92.97M	99.59M	105.46M	-	-	131.29M	134.10M	138.48M	138.27M	151.46M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94.12M	106.81M	106.67M	111.23M	124.50M
Operating Income	3.07M	18.90M	3.15M	13.27M	16.43M	39.10M	15.29M	18.26M	18.89M	17.58M	14.01M	-1.67M	35.22M	44.78M	27.17M	12.17M	11.77M	17.88M	10.20M	15.77M	18.76M	21.48M	27.97M	36.66M	37.42M	47.05M	64.04M	37.37M	-11.88M	-300.11M	-12.37M	3.14M	7.77M	-	-	37.17M	27.29M	31.81M	27.04M	26.97M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45.18M	-4.53M	19.40M	-18.03M	37.65M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.69M	6.00M	3.44M	736.00K	1.86M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26.95M	-22.21M	4.45M	-30.37M	25.05M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.65M	4.79M	7.32M	-937.00K	112.00K
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.00M	-	9.63M	16.12M	18.49M	23.50M	32.93M	34.43M	38.05M	51.60M	22.75M	-29.41M	-382.00M	-38.25M	-23.16M	-170.29M	-	-	19.34M	-27.06M	-2.86M	-29.80M	26.56M
Diluted EPS	0.00	0.16	0.02	0.11	0.14	0.46	0.12	0.18	0.19	0.20	-0.02	0.20	0.40	0.22	0.20	0.19	0.03	0.21	0.04	0.15	0.24	0.28	0.36	0.50	0.53	0.59	0.81	0.36	-0.46	-5.97	-0.60	-0.36	-2.61	-	-	0.22	-0.31	-0.03	-0.32	0.27
R&D Expense	28.24M	26.86M	-	25.17M	26.32M	25.60M	-	25.98M	27.43M	27.63M	-	26.20M	28.08M	27.15M	-	27.15M	25.88M	26.98M	-	27.59M	29.22M	27.89M	36.79M	35.50M	37.35M	38.79M	40.60M	35.06M	50.60M	47.43M	46.91M	41.60M	40.08M	42.56M	-	47.53M	48.20M	49.40M	-	-

Profit & Loss (Annual)

Figures in USD.

Metric	Jan 2009	Jan 2010	Jan 2011	Jan 2012	Jan 2013	Jan 2014	Jan 2015	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Revenue	-	-	-	-	-	-	-	-	544.27M	587.85M	627.20M	547.51M	595.12M	-	756.53M	868.76M	909.29M	1.05B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	277.98M	572.51M	452.76M	507.83M
Gross Profit	159.59M	156.05M	268.31M	285.64M	314.61M	335.21M	328.79M	293.11M	324.86M	351.97M	377.02M	336.68M	355.87M	-	478.56M	296.25M	456.53M	542.14M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	392.58M	421.58M	394.16M	418.83M
Operating Income	41.89M	30.92M	78.76M	93.59M	15.59M	-108.92M	42.26M	30.00M	84.08M	66.62M	105.50M	52.01M	74.96M	-	85.98M	-125.33M	62.37M	123.31M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126.55M	-862.87M	-52.64M	39.49M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.19M	94.23M	81.35M	14.35M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78.47M	-1.04B	-183.36M	-21.18M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17.34M	50.52M	-22.01M	19.83M
Net Income	-	-	-	-	-	-	-	-	-	-	69.64M	31.87M	59.90M	-	61.38M	-1.09B	-161.90M	-40.38M
Diluted EPS	0.61	0.02	1.12	1.32	0.62	-2.44	0.41	0.17	0.83	0.51	1.02	0.47	0.91	-	0.96	-17.03	-2.26	-0.46
R&D Expense	41.41M	44.85M	69.62M	80.58M	120.01M	137.44M	119.37M	113.74M	102.50M	105.07M	109.05M	107.37M	117.53M	147.93M	166.95M	186.45M	170.91M	196.35M

Compounded Sales Growth

5 Years:	11.55%
1 Year:	15.90%

Compounded Profit Growth

5 Years:	-55.26%
1 Year:	22.70%

Stock Price Performance

1 Year:	+308.63%
6 Months:	+112.51%
3 Months:	+69.08%
1 Month:	+55.19%

Balance Sheet (Annual)

Figures in USD.

Metric	Jan 2008	Jan 2009	Jan 2010	Jan 2011	Jan 2012	Jan 2013	Jan 2014	Jan 2015	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Total Assets	-	-	514.29M	659.94M	726.32M	1.17B	948.94M	929.43M	911.52M	1.01B	1.09B	1.06B	1.05B	1.08B	-	2.57B	1.37B	1.42B	1.41B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	722.79M	534.20M	585.46M	655.12M
Cash & Equivalents	172.89M	147.67M	80.60M	119.02M	227.02M	223.19M	243.19M	230.33M	211.81M	297.13M	307.92M	312.12M	293.32M	268.89M	-	235.51M	128.59M	151.74M	195.18M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	207.70M	144.99M	163.59M	195.74M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161.69M	134.32M	162.52M	160.55M
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.81B	1.68B	876.84M	860.62M
Current Liabilities	-	-	73.38M	93.83M	66.98M	157.68M	110.89M	108.04M	103.89M	122.97M	126.21M	129.91M	98.64M	109.57M	-	396.86M	217.16M	283.03M	275.94M
Long Term Debt	-	-	-	-	0	282.29M	273.29M	234.75M	239.18M	226.52M	211.11M	192.84M	194.74M	179.19M	-	1.30B	1.37B	505.93M	491.23M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.35B	1.38B	557.53M	497.30M
Total Equity	-	-	-	-	-	-	-	-	-	-	665.35M	682.58M	676.95M	698.74M	-	755.85M	-307.43M	542.43M	549.72M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78.14M	78.14M	99.01M	104.26M

Cash Flows (Annual)

Figures in USD.

Metric	Jan 2009	Jan 2010	Jan 2011	Jan 2012	Jan 2013	Jan 2014	Jan 2015	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Operating Cash Flow	77.97M	83.32M	93.80M	99.83M	101.97M	117.98M	106.16M	102.08M	117.61M	111.48M	183.56M	118.62M	118.93M	-	126.71M	-93.92M	57.99M	181.17M
Investing Cash Flow	-79.55M	-156.77M	-83.28M	13.90M	-431.01M	-33.94M	-41.09M	-66.83M	-13.52M	-65.86M	-36.22M	-34.33M	-42.91M	-	-1.25B	-22.70M	-11.89M	-38.76M
Financing Cash Flow	-23.69M	6.40M	27.89M	-5.72M	325.15M	-64.04M	-77.93M	-53.77M	-18.77M	-34.84M	-143.15M	-103.08M	-100.45M	-	1.08B	10.55M	-21.66M	-101.07M
Capital Expenditure	-	-8.68M	-25.54M	-21.56M	-23.27M	-37.16M	-31.75M	-13.03M	-32.92M	-35.46M	-17.05M	-23.06M	-32.73M	-	-28.32M	-31.10M	-14.20M	-15.80M
Free Cash Flow	-	74.64M	68.26M	78.27M	78.70M	80.82M	74.41M	89.05M	84.69M	76.02M	166.51M	95.56M	86.20M	-	98.39M	-125.02M	43.78M	165.36M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-44.09M	-106.07M	24.44M	41.34M
Share Buybacks	35.06M	2.93M	2.82M	50.66M	7.77M	30.00M	40.91M	57.31M	1.00M	14.85M	116.21M	70.22M	71.43M	129.75M	50.00M	0	0	-

Ratios (Annual)

Figures in %.

Metric	Jan 2009	Jan 2010	Jan 2011	Jan 2012	Jan 2013	Jan 2014	Jan 2015	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Gross Margin %	-	-	-	-	-	-	-	-	59.7%	59.9%	60.1%	61.5%	59.8%	-	63.3%	34.1%	50.2%	51.6%
Operating Margin %	-	-	-	-	-	-	-	-	15.4%	11.3%	16.8%	9.5%	12.6%	-	11.4%	-14.4%	6.9%	11.7%
Net Margin %	-	-	-	-	-	-	-	-	-	-	11.1%	5.8%	10.1%	-	8.1%	-125.7%	-17.8%	-3.8%
ROE %	-	-	-	-	-	-	-	-	-	-	10.2%	4.7%	8.6%	-	8.1%	355.2%	-29.8%	-7.3%
ROCE %	-	7.0%	13.9%	14.2%	1.5%	-13.0%	5.1%	3.7%	9.5%	6.9%	11.3%	5.5%	7.7%	-	4.0%	-10.8%	5.5%	10.9%

Shareholding Pattern

Insiders

0.92%

Institutions

109.37%

Public Float

110.39%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	15.27%	14.22M	$2.17B
2	Ameriprise Financial, Inc.	8.00%	7.45M	$1.14B
3	Vanguard Portfolio Management LLC	7.43%	6.92M	$1.06B
4	Capital Research Global Investors	4.46%	4.15M	$633.36M
5	Vanguard Capital Management LLC	4.45%	4.15M	$632.31M
6	State Street Corporation	4.36%	4.06M	$619.20M
7	Geode Capital Management, LLC	2.71%	2.53M	$385.39M
8	Wellington Management Group, LLP	2.56%	2.38M	$363.73M
9	Alliancebernstein L.P.	2.54%	2.37M	$360.96M
10	Hood River Capital Management LLC	2.46%	2.29M	$348.94M

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