Semtech Corporation (SMTC)财务
NASDAQ · Technology · Semiconductors · 员工1,920人 · CEO Hong Q. Hou
- 股价
- $127.38 -9.56%
- 市值
- $119亿
- 企业价值
- $122亿
- 最近财报
- Q2 '27 2026-08-26提交
- 下次财报
- 2026-11-23 EPS预期 $1.13
营收(TTM)$11.7亿+17.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)12.7%+1.4 百分点 对比去年同期营业利润 $1.49亿
净利润(TTM)$1.54亿+546.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$1.81亿+40.1% 对比去年同期资本支出 $2090万
稀释EPS(TTM)$1.51+528.1% 对比去年同期最近4个季度之和
净现金-$3.21亿+8.4% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $119亿 EV $122亿
- 营收
- $11.7亿 过去12个月
- 营收增速
- +43% FY2027年一致预期
- 净利润率
- 13.1% 净利润 / 营收,TTM
- P/E
- 76.9× 预期 34.9×(FY2027)
- P/S
- 10.1× 股价 / 营收,TTM
- EV / EBITDA
- 92.4× TTM
- 自由现金流
- $1.81亿 过去12个月
- 净利润
- $1.54亿 过去12个月
- 营收预期
- $15亿 FY2027年一致预期
- 盈利
- 2026-11-23 营收预期 $4.17亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-25):营收超预期4.0%,EPS 超预期15.6%营收$3.42亿,预期$3.29亿(+4.0%);EPS $0.71,预期$0.61(+15.6%)。
- 营收增长加速:同比32.7%Q2 '27营收$3.42亿,此前四个季度的平均值为14.4%。
- 营业利润率12.7%(TTM),较去年同期+1.4 百分点营收增长17.8%,营业利润增长31.9%。
- 税前利润的171.0%被营业外亏损吞噬税前利润$5510万,营业利润$1.49亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的1.8%(去年为0.6%)最近4个季度投入$2090万(同比+260.3%)。自由现金流$1.81亿,相当于净利润的117.9%。
- 股东回报$2.18亿 = 自由现金流的120.0%回购$2.18亿(去年为-$419万),股息$0,股权激励$8390万(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内增加16.3%Q2 '27稀释股数1.01亿,一年前为8670万。
- 净债务 $3.21亿现金 + 短期投资 $2.04亿,含租赁债务 $5.25亿;一年前净债务 $3.5亿。
上一季度:Q2 '27
截至2026-07-26的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '27 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $3.42亿 | $2.58亿 | +32.7% |
| 毛利率 | 53.8% | 52.0% | +1.8 百分点 |
| 营业利润 | $5580万 | $2730万 | +104.5% |
| 营业利润率 | 16.3% | 10.6% | +5.7 百分点 |
| 净利润 | $1.6亿 | -$2710万 | +691.6% |
| 稀释EPS | $1.59 | -$0.31 | +612.9% |
| 经营现金流 | $6890万 | $4440万 | +55.2% |
| 资本支出 | $749万 | $513万 | +45.9% |
| 自由现金流 | $6140万 | $3930万 | +56.4% |
| R&D | $6060万 | $4820万 | +25.7% |
| 股权激励费用 | $2380万 | $1730万 | +37.9% |
实际 vs 一致预期
2026-08-25| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $3.42亿 | $3.29亿 | +4.0% |
| EPS(一致预期口径) | $0.71 | $0.61 | +15.6% |
来自2026-08-25发布的Q2 '27财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Semiconductor Products Group | $2.44亿 | – | 41.6% | – | – | |
| Signal Integrity | $1.26亿 | – | 21.6% | – | – | |
| Advanced Protection And Sensing Products Group | $1.17亿 | – | 20.0% | – | – | |
| IoT Systems And Connectivity | $9830万 | – | 16.8% | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Asia Pacific | $2.72亿 | – | 59.9% | – | – | |
| North America | $1.12亿 | – | 24.7% | – | – | |
| Europe | $7000万 | – | 15.4% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $2.02亿
- 资本支出
- -$2090万
- 股票回购
- -$2.18亿
- 股息
- $0
- 收购
- -$5780万
- 债务净发行
- $1.86亿
- 股权激励费用
- $8390万
- 自由现金流
- $1.81亿
- 股东回报 / FCF
- 120.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 76.9× | 35.3× 5年中的2年 | 34.0× – 36.6× |
| EV / EBITDA | 92.4× | 54.2× 5年中的3年 | 24.4× – 113.8× |
| EV / 营收 | 10.4× | 5.1× | 3.0× – 7.1× |
| 股价 / FCF | 65.5× | 46.5× 5年中的4年 | 21.2× – 93.8× |
| 股价 / 净资产 | 15.9× | 7.4× 5年中的4年 | 2.8× – 13.1× |
| FCF收益率 | 1.5% | 0.5% | -9.1% – 4.7% |
| 投入资本回报率 | 11.0% | 6.3% | -2.9% – 12.6% |
| 净资产收益率 | 25.3% | 68.6% | -29.8% – 355.2% |
分析师
一致目标价 $216.82 (+70.2%)
区间 $186.00 – $300.00 · 评级 Buy
强烈买入0
买入31
持有5
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $15亿 | +43.2% | $3.65 | +893.7% | 34.9× | 10 |
| FY2028 | $20.4亿 | +35.9% | $6.67 | +82.8% | 19.1× | 11 |
| FY2029 | $27.1亿 | +32.9% | $9.89 | +48.2% | 12.9× | 6 |
| FY2030 | $32.7亿 | +20.5% | $12.45 | +25.9% | 10.2× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Semtech Corporation在近期10-Q / 10-K文件中标记的全部317项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Trade, Current | $9030万 | $6910万 | +30.6% | $8410万 | $5920万 | +42.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.75亿 | $1.66亿 | +5.5% | $1.61亿 | $1.63亿 | -1.2% |
| Accounts Receivable, Allowance for Credit Loss, Current | $809万 | $562万 | +44.0% | $798万 | $525万 | +52.0% |
| Accrued Employee Benefits, Current | $5530万2026-01-25 | $4490万 | +23.1% | $5530万 | $4490万 | +23.1% |
| Accrued Liabilities, Current | $1.83亿 | $1.67亿 | +9.9% | $1.92亿 | $1.78亿 | +7.6% |
| Accrued Professional Fees, Current | $482万2026-01-25 | $295万 | +63.6% | $482万 | $295万 | +63.6% |
| Accrued Royalties | $442万2026-01-25 | $326万 | +35.3% | $442万 | $326万 | +35.3% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $3.47亿 | $3.18亿 | +8.8% | $3.4亿 | $3.14亿 | +8.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$736万 | -$940万 | +21.7% | -$768万 | -$1210万 | +36.5% |
| Additional Paid in Capital, Common Stock | $14.5亿 | $14.6亿 | -0.6% | $14.7亿 | $14.7亿 | -0.2% |
| Advances on Inventory Purchases | $2990万2026-01-25 | $3480万 | -14.2% | $2990万 | $3480万 | -14.2% |
| Advertising Expense | – | – | – | $140万 | $90万 | +55.6% |
| Amortization | $235万 | $249万 | -5.4% | $1090万 | $1030万 | +5.7% |
| Amortization of Debt Discount (Premium) | $109万 | $125万 | -13.1% | $479万 | $827万 | -42.1% |
| Amortization of Debt Issuance Costs and Discounts | $109万 | $125万 | -13.1% | $479万 | $827万 | -42.1% |
| Amortization of Intangible Assets | $32.8万 | $14.7万 | +123.1% | $63.1万 | $88.4万 | -28.6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 896万 | -100.0% | 879万2025-01-26 | 1070万 | -17.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $2250万 | $1320万 | +70.2% | $5670万 | $5660万 | +0.2% |
| Assets | $14.4亿 | $14.3亿 | +0.5% | $14.1亿 | $14.2亿 | -0.6% |
| Assets, Current | $6.49亿 | $5.98亿 | +8.5% | $6.55亿 | $5.85亿 | +11.9% |
| Capital Expenditures Incurred but Not yet Paid | $9.7万 | $24.7万 | -60.7% | $242万 | $18.3万 | +1,219.7% |
| Cash and Cash Equivalents, at Carrying Value | $1.63亿 | $1.56亿 | +4.4% | $1.95亿 | $1.52亿 | +28.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.63亿 | $1.56亿 | +4.4% | $1.95亿 | $1.52亿 | +28.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$3190万 | $473万 | -773.6% | $4340万 | $2320万 | +87.6% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | – | – | – | $51.152022-10-19 | – | – |
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | – | – | – | 860万2022-10-19 | – | – |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 2.5亿 | 2.5亿 | 0.0% | 2.5亿 | 2.5亿 | 0.0% |
| Common Stock, Shares, Issued | 1.04亿 | 9900万 | +5.3% | 1.04亿 | 9900万 | +5.3% |
| Common Stock, Shares, Outstanding | 9310万 | 8660万 | +7.5% | 9270万 | 8630万 | +7.4% |
| Common Stock, Value, Issued | $104万 | $99万 | +5.4% | $104万 | $99万 | +5.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | – | – | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | – | – | – | -$3600万 | -$1.71亿 | +79.0% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $2690万 | $2200万 | +22.1% | -$3600万 | -$1.71亿 | +79.0% |
| Contract with Customer, Liability, Current | $1420万2026-01-25 | $1590万 | -10.5% | $1420万 | $1590万 | -10.5% |
| Contract with Customer, Liability, Noncurrent | $1170万2026-01-25 | $1080万 | +8.3% | $1170万 | $1080万 | +8.3% |
| Cost of Goods and Services Sold | $1.4亿 | $1.2亿 | +16.5% | $5.08亿 | $4.53亿 | +12.2% |
| Cost, Amortization | $175万 | $221万 | -20.6% | $919万 | $911万 | +1.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$61.3万 | -$1040万 | +94.1% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1410万 | $995万 | +41.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $1400万 | $105万 | +1,236.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $48.5万 | $151万 | -67.9% |
| Customer Refund Liability, Current | $4740万2026-01-25 | $3940万 | +20.2% | $4740万 | $3940万 | +20.2% |
| Debt Conversion, Converted Instrument, Amount | – | – | – | $0 | $0 | – |
| Debt Conversion, Original Debt, Amount | $02026-01-25 | $0 | – | $0 | $1.88亿 | -100.0% |
| Debt Instrument, Interest Rate, Effective Percentage | 0.6% | 3.4% | -83.6% | – | – | – |
| Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction | $0 | $7.2万 | -100.0% | $0 | $0 | – |
| Debt Issuance Costs, Net | $1100万 | $1000万 | +10.0% | $1180万 | $1110万 | +5.7% |
| Debt Securities, Available-for-sale | $0 | $1270万 | -100.0% | $0 | $1270万 | -100.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax | -$452万 | -$201万 | -124.8% | – | – | – |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $521万2026-01-25 | $201万 | +159.0% | $521万 | $201万 | +159.0% |
| Debt Securities, Available-for-sale, Amortized Cost | $452万 | $1470万 | -69.3% | $521万 | $1470万 | -64.7% |
| Debt Securities, Available-for-sale, Current | $02026-01-25 | $1270万 | -100.0% | $0 | $1270万 | -100.0% |
| Debt, Weighted Average Interest Rate | 0.6%2026-01-25 | 4.1% | -86.6% | 0.6% | 4.1% | -86.6% |
| DebtSecuritiesAvailableForSaleAndHeldToMaturityAllowanceForCreditLoss | $450万2026-01-25 | $450万 | 0.0% | $450万 | $450万 | 0.0% |
| Decrease in Unrecognized Tax Benefits is Reasonably Possible | $80万2026-01-25 | $30万 | +166.7% | $80万 | $30万 | +166.7% |
| Deferred Compensation Liability, Current | $353万2026-01-25 | $293万 | +20.4% | $353万 | $293万 | +20.4% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $585万 | -$2310万 | +125.4% |
| Deferred Income Tax Assets, Net | $3180万 | $3860万 | -17.6% | $3420万 | $4110万 | -16.9% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-02