Semtech (SMTC)
Designs data-center connectivity chips, LoRa radios, protection devices, and cellular IoT systems.
$175.67
After-hours close+1.34 (+0.77%)
At close$174.33(−1.71%)
In millions of USD, except per-share figures
| In millions | Q3 FY24Oct 2023 | Q4 FY24Jan 2024 | Q1 FY25Apr 2024 | Q2 FY25Jul 2024 | Q3 FY25Oct 2024 | Q4 FY25Jan 2025 | Q1 FY26Apr 2025 | Q2 FY26Jul 2025 | Q3 FY26Oct 2025 | Q4 FY26Jan 2026 | Q1 FY27Apr 2026 | Q2 FY27Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 201 | 193 | 206 | 215 | 237 | 251 | 251 | 258 | 267 | 274 | 291 | 342 |
| Cost of revenue | 113 | 102 | 107 | 110 | 116 | 121 | 120 | 124 | 129 | 136 | 140 | 158 |
| Gross profit | 88 | 91 | 99 | 105 | 121 | 130 | 131 | 134 | 138 | 138 | 151 | 184 |
| 95 | 88 | 94 | 96 | 102 | 100 | 94 | 107 | 106 | 107 | 120 | 128 | |
| Research & development | 47 | 42 | 42 | 40 | 43 | 47 | 48 | 48 | 49 | 51 | 58 | 61 |
| Selling, general & administrative | 49 | 47 | 52 | 56 | 60 | 54 | 46 | 58 | 57 | 56 | 63 | 67 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating income | −7 | 3 | 5 | 9 | 18 | 30 | 37 | 27 | 32 | 31 | 31 | 56 |
| −31 | −648 | −26 | −175 | −22 | −24 | −9 | −50 | −27 | −62 | −4 | −1 | |
| Interest income | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Interest expense | 31 | 26 | 26 | 31 | 23 | 13 | 7 | 5 | 26 | 2 | 2 | 2 |
| Other non-operating income | 0 | 623 | 0 | 144 | −1 | 11 | 2 | 44 | 1 | 60 | 2 | −1 |
| Income before tax | −39 | −646 | −20 | −166 | −4 | 6 | 28 | −22 | 4 | −31 | 27 | 55 |
| Income tax expense | 0 | −3 | 3 | 4 | 4 | −33 | 9 | 5 | 7 | −1 | 0 | −101 |
| Net income from continuing operations | −38 | −642 | −23 | −170 | −8 | 39 | 19 | −27 | −3 | −30 | 27 | 156 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Net income | −38 | −642 | −23 | −170 | −8 | 39 | 19 | −27 | −3 | −30 | 27 | 160 |
| EPS, basic | −$0.60 | −$9.98 | −$0.36 | −$2.61 | −$0.10 | $0.48 | $0.22 | −$0.31 | −$0.03 | −$0.32 | $0.29 | $1.72 |
| EPS, diluted | −$0.60 | −$9.98 | −$0.36 | −$2.61 | −$0.10 | $0.43 | $0.22 | −$0.31 | −$0.03 | −$0.32 | $0.27 | $1.59 |
| Weighted average shares, basic | 64 | 64 | 65 | 65 | 75 | 81 | 86 | 87 | 88 | 93 | 93 | 93 |
| Weighted average shares, diluted | 64 | 64 | 65 | 65 | 75 | 90 | 90 | 87 | 88 | 93 | 98 | 101 |
| EBITDA | 17 | −610 | 18 | −120 | 31 | 31 | 46 | −5 | 42 | −19 | 38 | 57 |
| Depreciation & amortization | 24 | 10 | 12 | 14 | 11 | 12 | 12 | 12 | 12 | 10 | 9 | 0 |
| EBIT | −7 | −620 | 6 | −135 | 20 | 19 | 35 | −17 | 31 | −29 | 29 | 57 |
