Semtech Corporation (SMTC) income statement
NASDAQ · Technology · Semiconductors · 1,920 employees · CEO Hong Q. Hou
- Price
- $127.38 -9.56%
- Market cap
- $11.9B
- Enterprise value
- $12.2B
- Last report
- Q2 '27 filed 2026-08-26
- Next report
- 2026-11-23 EPS est. $1.13
Semtech Corporation (SMTC) reported revenue of $342M for Q2 '27 (+32.7% year on year), operating income of $55.8M (16.3% of revenue) and net income of $160M. Over the last four quarters revenue was $1.17B.
Income statement
| Income statement | Trend | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $201M | $193M | $206M | $215M | $237M | $251M | $251M | $258M | $267M | $274M | $291M | $342M | |
| Cost of revenue | $113M | $102M | $107M | $110M | $116M | $121M | $120M | $124M | $129M | $136M | $140M | $158M | |
| Gross profit | $88.1M | $91.1M | $99.3M | $105M | $121M | $130M | $131M | $134M | $138M | $138M | $151M | $184M | |
| Research & development | $46.9M | $41.5M | $41.6M | $40.1M | $42.6M | $46.7M | $47.5M | $48.2M | $49.2M | $51.2M | $57.6M | $60.6M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | |
| Operating expenses | $95.5M | $88.5M | $93.9M | $95.9M | $102M | $100M | $94M | $107M | $106M | $107M | $120M | $128M | |
| Operating income | -$7.36M | $2.61M | $5.41M | $9.31M | $18.5M | $30.2M | $37.2M | $27.3M | $31.8M | $30.8M | $30.8M | $55.8M | |
| Interest income | $574K | $734K | $542K | $433K | $527K | $800K | $369K | $529K | $800K | $800K | $900K | $900K | |
| Interest expense | $31.1M | $25.7M | $26M | $31.4M | $23.4M | $13.4M | $6.69M | $5.24M | $26.2M | $1.8M | $1.9M | $2M | |
| Other non-operating income (gains on investments, FX ...) | $124K | $623M | -$409K | $144M | -$1.32M | $10.9M | $2.47M | $44.3M | $1.15M | $59.8M | $2.2M | -$900K | |
| Total non-operating income | -$31.2M | -$648M | -$25.6M | -$175M | -$22.1M | -$24.3M | -$9.17M | -$49.6M | -$27.4M | -$61.6M | -$4.1M | -$1.1M | |
| Income before tax | -$38.6M | -$646M | -$20.2M | -$166M | -$3.58M | $5.9M | $28M | -$22.3M | $4.46M | -$30.8M | $26.7M | $54.7M | |
| Income tax | -$311K | -$3.35M | $2.96M | $4.22M | $4.01M | -$33.2M | $8.65M | $4.79M | $7.32M | -$900K | $100K | -$101M | |
| Net income | -$38.3M | -$642M | -$23.2M | -$170M | -$7.59M | $39.1M | $19.3M | -$27.1M | -$2.86M | -$29.8M | $26.5M | $160M | |
| 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 | |
| Shares (basic, weighted) | 64.2M | 64.4M | 64.5M | 65.3M | 75.3M | 81.3M | 86.4M | 86.7M | 87.7M | 92.6M | 92.9M | 93.3M | |
| Shares (diluted, weighted) | 64.2M | 64.4M | 64.5M | 65.3M | 75.3M | 90.3M | 89.6M | 86.7M | 87.7M | 92.6M | 98M | 101M | |
| Depreciation & amortization | $24.2M | $10.4M | $11.9M | $14.3M | $11.5M | $11.6M | $11.5M | $11.7M | $11.5M | $11.6M | $10.7M | $11.3M | |
| EBITDA | $16.7M | -$610M | $17.8M | -$120M | $31.3M | $30.9M | $46.2M | -$5.37M | $42.2M | -$17.4M | $39.3M | $68M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $544M | $588M | $627M | $548M | $595M | $741M | $757M | $869M | $909M | $1.05B | |
| Cost of revenue | $245M | $264M | $277M | $227M | $240M | $280M | $278M | $495M | $454M | $508M | |
| Gross profit | $300M | $324M | $350M | $320M | $355M | $461M | $479M | $374M | $456M | $542M | |
| Research & development | $103M | $105M | $109M | $107M | $118M | $148M | $156M | $186M | $171M | $196M | |
| Operating expenses | $239M | $245M | $262M | $269M | $281M | $319M | $320M | $408M | $394M | $408M | |
| Operating income | $60.4M | $79.4M | $88.8M | $50.8M | $74.7M | $142M | $159M | -$34.1M | $61.7M | $134M | |
| Interest income | $205K | $0 | $0 | $0 | $0 | $1.47M | $5.8M | $3.05M | $2.3M | $2.5M | |
| Interest expense | $9.04M | $7.96M | $9.2M | $9.11M | $5.34M | $6.04M | $15.5M | $106M | $89.6M | $40M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $0 | $0 | $0 | -$4.94M | $64.8M | $901M | $156M | $114M | |
| Total non-operating income | $12.7M | -$19.8M | -$18.8M | -$6.14M | -$11.4M | -$1.1M | -$80.3M | -$1.01B | -$246M | -$154M | |
| Income before tax | $73.1M | $59.6M | $70M | $44.7M | $63.3M | $141M | $78.7M | -$1.04B | -$184M | -$20.6M | |
| Income tax | $18.4M | $23.2M | $355K | $12.8M | $3.44M | $15.5M | $17.3M | $50.5M | -$22M | $19.8M | |
| Net income | $54.7M | $36.4M | $69.6M | $31.9M | $59.9M | $126M | $61.4M | -$1.09B | -$162M | -$40.4M | |
| EPS (basic) | $0.84 | $0.52 | $0.96 | $0.48 | $0.92 | $1.94 | $0.96 | -$17.03 | -$2.26 | -$0.46 | |
| EPS (diluted) | $0.83 | $0.51 | $0.92 | $0.47 | $0.91 | $1.92 | $0.96 | -$17.03 | -$2.26 | -$0.46 | |
| Shares (basic, weighted) | 65.4M | 66M | 66M | 66.3M | 65.2M | 64.7M | 63.8M | 64.1M | 71.6M | 88.4M | |
| Shares (diluted, weighted) | 66.1M | 67.6M | 68.5M | 67.4M | 66.1M | 65.6M | 64M | 64.1M | 71.6M | 88.4M | |
| Depreciation & amortization | $47.1M | $49M | $49.6M | $39.6M | $35.9M | $35.3M | $36.9M | $84.5M | $49.4M | $46.3M | |
| EBITDA | $107M | $128M | $138M | $90.4M | $111M | $183M | $131M | -$851M | -$44.9M | $65.7M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-26, 10-Q 2026-04-26, 10-K 2026-01-25, 10-Q 2025-10-26, 10-Q 2025-07-27, 10-Q 2025-04-27, 10-K 2025-01-26, 10-Q 2024-10-27, 10-Q 2024-07-28
Data as of 2026-11-02