Saturday 17 October 2026
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Semtech Corporation
SMTC Technology Semiconductors
Semtech Corporation’s revenue for fiscal 2026 (year ended January 2026) was $1.0 billion, up 15.5% from fiscal 2025. In the quarter to July 2026, revenue grew 32.7%, EPS grew 654.8%, free cash flow grew 54.6% and total debt fell 5.05%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
136.73
7.48
−5.19%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 31.00 | 31.30 | 39.54 | 26.03 | 57.97 | 25.29 | 13.13 | 18.16 | 24.05 | 69.16 |
Analyst estimates 2027–2029 Powerpack |
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| High | 41.95 | 60.55 | 57.96 | 73.91 | 94.92 | 92.14 | 35.18 | 70.27 | 81.32 | 201.99 | |||||
| People | |||||||||||||||
| People | Employees | 1,292 | 1,282 | 1,335 | 1,388 | 1,394 | 1,439 | 2,248 | 1,917 | 1,838 | 1,920 | ||||
| Revenue/emp, $m | 0.42 | 0.46 | 0.47 | 0.39 | 0.43 | 0.51 | 0.34 | 0.45 | 0.49 | 0.55 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 544 | 588 | 627 | 548 | 595 | 741 | 757 | 869 | 909 | 1,050 | ||||
| Gross margin, % | 59.69 | 59.87 | 60.11 | 61.49 | 59.80 | 62.24 | 63.26 | 34.10 | 50.21 | 51.63 | |||||
| EBT | 73 | 58 | 70 | 45 | 63 | 139 | 78 | (1,042) | (183) | (21) | |||||
| EBT margin, % | 13.42 | 9.83 | 11.18 | 8.14 | 10.58 | 18.77 | 10.37 | (119.89) | (20.17) | (2.02) | |||||
| Net income | 55 | 35 | 70 | 32 | 60 | 126 | 61 | (1,092) | (162) | (40) | |||||
| Depreciation | 48 | 50 | 50 | 44 | 36 | 36 | 38 | 95 | 58 | 51 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 8.32 | 8.90 | 9.51 | 8.26 | 9.13 | 11.46 | 11.86 | 13.55 | 12.70 | 11.88 | ||||
| Earnings | 0.84 | 0.55 | 0.96 | 0.48 | 0.92 | 1.94 | 0.96 | (17.03) | (2.26) | (0.46) | |||||
| Cash flow | 1.80 | 1.69 | 2.78 | 1.79 | 1.82 | 3.14 | 1.99 | (1.46) | 0.81 | 2.05 | |||||
| Capex | (0.50) | (0.53) | (0.26) | (0.34) | (0.50) | (0.40) | (0.44) | (0.48) | (0.20) | (0.18) | |||||
| Free cash flow | 1.30 | 1.15 | 2.53 | 1.45 | 1.33 | 2.74 | 1.54 | (1.94) | 0.61 | 1.87 | |||||
| Book value | 9.25 | 10.07 | 10.34 | 10.22 | 10.72 | 11.41 | 11.86 | (4.79) | 7.58 | 6.22 | |||||
| Shares, m | 65 | 66 | 66 | 66 | 65 | 65 | 64 | 64 | 72 | 88 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 39.23 | 68.49 | 46.09 | 99.61 | 80.87 | 36.65 | 34.41 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 3.96 | 4.02 | 5.11 | 5.83 | 8.15 | 6.21 | 2.78 | 1.46 | 5.27 | 7.39 | |||||
| P/B | 3.56 | 3.55 | 4.69 | 4.72 | 6.94 | 6.23 | 2.79 | 0.00 | 8.84 | 14.11 | |||||
| EV/Sales | 3.86 | 3.88 | 4.95 | 5.66 | 8.01 | 6.07 | 4.24 | 2.90 | 5.71 | 7.71 | |||||
| EV/FCF | 26.54 | 32.34 | 19.28 | 34.31 | 58.87 | 26.21 | 34.60 | (20.23) | 118.37 | 48.96 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 118 | 111 | 184 | 119 | 119 | 203 | 127 | (94) | 58 | 181 | ||||
| Capex | (33) | (35) | (17) | (23) | (32) | (26) | (28) | (31) | (14) | (16) | |||||
| Free cash flow | 85 | 76 | 167 | 96 | 87 | 177 | 98 | (125) | 44 | 165 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 315 | 335 | 355 | 362 | 365 | 374 | 326 | 317 | 302 | 379 | ||||
| Total debt | 241 | 227 | 211 | 198 | 183 | 176 | 1,340 | 1,371 | 552 | 491 | |||||
| Net debt | (56) | (81) | (101) | (96) | (86) | (104) | 1,105 | 1,242 | 400 | 296 | |||||
| Shareholders’ equity | 605 | 665 | 683 | 677 | 699 | 738 | 756 | (307) | 542 | 550 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 5.68 | 3.30 | 6.48 | 3.01 | 5.61 | 11.36 | 3.32 | (55.39) | (11.59) | (2.85) | ||||
| ROIC | 9.57 | 7.13 | 11.34 | 5.59 | 7.64 | 14.30 | 3.12 | (63.11) | 3.31 | 2.41 | |||||
| ROE | 9.65 | 5.46 | 10.34 | 4.69 | 8.71 | 17.49 | 8.22 | (486.66) | (137.68) | (7.39) | |||||
Negative figures in brackets.
Fiscal years to Jan 2026 · latest quarter Jul 2026
Charts ten years each
Semtech Corporation vs peers in Semiconductors (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TSEM Tower Semiconductor Ltd. | $23.8B | 76.1× | 79.0× | +23.66% (above 0%: growing) | +90.48% (above 0%: growing) | −180.73% (below 0%: shrinking) | 29.95% | 19.62% | Compare |
| MTSI MACOM Technology Solutions Holdings, Inc. | $20.7B | 82.0× | 106× | +35.77% (above 0%: growing) | +169.39% (above 0%: growing) | +165.46% (above 0%: growing) | 58.31% | 22.53% | Compare |
| SWKS Skyworks Solutions, Inc. | $18.6B | 40.9× | 45.2× | −3.13% (below 0%: shrinking) | −67.14% (below 0%: shrinking) | −106.87% (below 0%: shrinking) | 40.12% | 5.19% | Compare |
| LSCC Lattice Semiconductor Corporation | $15.2B | 399× | 150× | +62.20% (above 0%: growing) | +600.00% (above 0%: growing) | +130.47% (above 0%: growing) | 70.29% | 11.12% | Compare |
| SITM SiTime Corporation | $15.1B | 891× | 301× | +126.54% (above 0%: growing) | n/m | +1,018.94% (above 0%: growing) | 62.97% | 5.22% | Compare |
| SMTC Semtech Corporation | $13.5B | 82.4× | 96.7× | +32.72% (above 0%: growing) | n/m | +54.57% (above 0%: growing) | 53.75% | 16.31% | |
| RMBS Rambus, Inc. | $10.1B | 39.5× | 58.5× | +20.43% (above 0%: growing) | +14.81% (above 0%: growing) | −40.61% (below 0%: shrinking) | 79.76% | 35.07% | Compare |
| SIMO Silicon Motion Technology Corporation | $7.4B | 24.6× | 29.6× | +127.00% (above 0%: growing) | +718.37% (above 0%: growing) | −117.86% (below 0%: shrinking) | 50.16% | 22.42% | Compare |
| SLAB Silicon Laboratories, Inc. | $7.4B | — (loss-making) | — (loss-making) | +18.33% (above 0%: growing) | n/m | −608.05% (below 0%: shrinking) | 61.65% | (4.67%) | Compare |
| Median of peers | $15.1B | 76.1× | 79.0× | +29.72% | +129.94% | −73.74% | 59.98% | 15.37% |
Semtech Corporation (SMTC) key facts
- Strength: Semtech Corporation’s revenue for fiscal 2026 (year ended January 2026) was $1.0 billion, up 15.5% from fiscal 2025.
- Semtech Corporation (SMTC) is a Semiconductors company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, SMTC traded at $136.73, a market capitalization of $13.5 billion.
- Return on equity was −7.39% and debt-to-equity 0.66.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 5.62 (safe zone) for fiscal 2026.