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%
Market cap
$13.5B
P/E
82.4×
Fwd P/E
96.7×
Dividend yield
—
F-score
7/9
Altman Z
5.62
Beneish M
−3.23
Dividend safety
n/a

Insider Decisions trades per month

Total sells 18.61
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 3 6 3 4 5 4 7 6 3 5 3
Insider Ownership 0.47%

Capital & Financial Ratios $m

Market Cap 13,460.00
Revenue 1,174.22
Net Income 154.03
Free Cash Flow 183.93
Net Debt 288.68
Current Ratio 1.70 (at or above 1.5: strong)
Debt/Equity 0.66
P/E ratio 82.37 (above 35: high)
Fwd P/E 96.70 (above 35: high)
P/S ratio 10.86 (above 10: high)
P/B ratio 17.03 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 104.45% (at or above 15%: strong)
Next Y EPS Growth 72.65% (at or above 15%: strong)
Next Y revenue growth 43.24% (at or above 10%: strong)
Next 5Y EPS Growth 71.04% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 73.08%
10-year low 10-year high
P/S against its own 10 years 96.94%
10-year low 10-year high
P/B against its own 10 years 96.02%
10-year low 10-year high
EV/Sales against its own 10 years 96.90%
10-year low 10-year high
EV/FCF against its own 10 years 92.67%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 129 152 195 204
Receivables 134 163 161 170
Inventory 145 164 196 171
Other 114 94 88 177
534 585 655 743
2024 2025 2026 Q'26
Payables 45 59 84 68
ST’ Debt — 46 — 143
Other — — — 71
217 283 276 437

Compound Annual Growth %

10y 5y 3y
Sales 7.91% 12.03% 11.55%
Cash Flow 5.90% 8.78% 12.66%
Earnings 0.00% 0.00% 0.00%
Book Value 0.40% (4.69%) (10.08%)

Revenue $m

Apr Jul Oct Jan Year
’26 291 342 — — —
’26 251 258 267 274 1,050
’25 206 215 237 251 909
’24 237 238 201 193 869
’23 202 209 178 168 757
’22 170 185 195 191 741
’21 133 144 154 165 595
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 36 69 — — —
’26 28 44 47 61 181
’25 0 (5) 30 33 58
’24 (90) (12) (6) 14 (94)
’23 50 77 18 (19) 127
’22 33 53 67 51 203
’21 26 37 28 27 119
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 23 61 — — —
’26 26 39 42 58 165
’25 (3) (12) 28 30 44
’24 (104) (19) (13) 11 (125)
’23 42 70 11 (24) 98
’22 27 46 61 43 177
’21 18 30 21 17 87
Fiscal quarters ending in the months shown.

EPS $

Apr Jul Oct Jan Year
’26 0.27 1.59 — — —
’26 0.22 (0.31) (0.03) (0.32) (0.46)
’25 (0.36) (2.61) (0.10) 0.43 (2.26)
’24 (0.46) (5.97) (0.60) (9.98) (17.03)
’23 0.59 0.81 0.36 (0.80) 0.96
’22 0.36 0.50 0.53 0.53 1.92
’21 0.15 0.24 0.28 0.24 0.91
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten 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
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.

All 10 years →

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%

All 67 Semiconductors stocks →

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.

Source: company filings (standardised) and stockrow calculations.

Semtech Corporation (SMTC) Latest News

25 Sep

1 Sep

Impact 4 · transcript
stockrow.com/SMTC · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com