A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
SEMTECH CORP
SMTC
$11.1B
Mkt Cap
$125.92
-9.20%
SEMTECH CORP (SMTC) has a current P/E ratio of 224.9, compared to its historical median P/E of 43.6. The stock is currently considered Expensive based on its historical valuation range.
SEMTECH CORP (SMTC) has a 5-year average return on invested capital (ROIC) of -6.8%. This is below average and may indicate limited pricing power.
SEMTECH CORP (SMTC) has a market capitalization of $11.1B. It is classified as a large-cap stock.
SEMTECH CORP (SMTC) does not currently pay a regular dividend.
Based on historical P/E analysis, SEMTECH CORP (SMTC) appears expensive. The current P/E of 224.9 is 416% above its historical median of 43.6. The estimated fair value CAGR (P/E method) is -8.8%.
SEMTECH CORP (SMTC) operates in the Semiconductors & Related Devices industry, within the Technology sector.
SEMTECH CORP (SMTC) reported annual revenue of $1.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
PART I We are a leading provider of high-performance semiconductor, Internet of Things ("IoT") systems and cloud connectivity service solutions and were incorporated in Delaware in 1960. We design, develop, manufacture and market a diverse portfolio of products for commercial applications, addressing the global infrastructure, high-end consumer and industrial end markets. Infrastructure: data centers, passive optical networks ("PON"), base stations, optical networks, servers, carrier networks, switches and routers, cable modems, wireless local area network ("LAN") and other communication infrastructure equipment. This market has expanded to support artificial intelligence-driven applications and general compute data center applications. High-End Consumer: smartphones, tablets, smart glasses, wearables, desktops, notebooks, wireless charging, set-top boxes, digital televisions, monitors and displays, digital video recorders and other consumer equipment.
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 1.0B | 1.0B | 909M | 869M | 757M | 741M |
| Net Income | -40M | -40M | -162M | -1.1B | 61M | 126M |
| EPS | $-0.46 | $-0.46 | $-2.26 | $-17.03 | $0.96 | $1.92 |
| Free Cash Flow | 171M | 171M | 50M | -123M | 98M | 177M |
| ROIC | 3.0% | 3.7% | 5.4% | -70.1% | 5.8% | 21.0% |
| Gross Margin | 51.6% | 51.6% | 50.2% | 34.1% | 63.3% | 62.2% |
| Debt/Equity | 0.89 | 0.89 | 1.02 | -4.46 | 1.77 | 0.23 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | 33M | 33M | 50M | -944M | 93M | 145M |
| Operating Margin | 3.1% | 3.1% | 5.5% | -108.7% | 12.3% | 19.6% |
| ROE | -7.3% | -7.4% | -137.8% | -487.1% | 8.2% | 17.5% |
| Shares Outstanding | 88M | 88M | 72M | 64M | 64M | 65M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 558M | 490M | 544M | 588M | 627M | 548M | 595M | 741M | 757M | 869M | 909M | 1.0B | 1.0B |
| Gross Margin | 58.9% | 59.8% | 59.7% | 59.9% | 60.1% | 61.5% | 59.8% | 62.2% | 63.3% | 34.1% | 50.2% | 51.6% | 51.6% |
| R&D | 119M | 114M | 103M | 105M | 109M | 107M | 118M | 148M | 167M | 186M | 171M | 196M | 196M |
| SG&A | 127M | 141M | 139M | 148M | 145M | 163M | 163M | 168M | 225M | 220M | 222M | 222M | 222M |
| EBIT | 42M | 30M | 84M | 67M | 105M | 52M | 75M | 145M | 93M | -944M | 50M | 33M | 33M |
| Op. Margin | 7.6% | 6.1% | 15.4% | 11.3% | 16.8% | 9.5% | 12.6% | 19.6% | 12.3% | -108.7% | 5.5% | 3.1% | 3.1% |
| Net Income | 28M | 11M | 55M | 35M | 70M | 32M | 60M | 126M | 61M | -1.1B | -162M | -40M | -40M |
| Net Margin | 5.0% | 2.3% | 10.0% | 5.9% | 11.1% | 5.8% | 10.1% | 17.0% | 8.1% | -125.7% | -17.8% | -3.8% | -3.8% |
| Non-Recurring | 1.3M | 4.5M | 28M | 5.9M | 695K | 2.2M | 238K | 0 | 30M | 780M | 12M | 89M | 89M |
| Returns on Capital | |||||||||||||
| ROIC | 5.7% | 2.6% | 9.3% | 7.2% | 18.3% | 6.6% | 12.1% | 21.0% | 5.8% | -70.1% | 5.4% | 3.7% | 3.0% |
| ROE | 5.1% | 2.1% | 9.6% | 5.5% | 10.3% | 4.7% | 8.7% | 17.5% | 8.2% | -487.1% | -137.8% | -7.4% | -7.3% |
| ROA | 3.0% | 1.2% | 5.7% | 3.3% | 6.5% | 3.0% | 5.6% | 11.4% | 3.3% | -55.4% | -11.6% | -2.9% | -2.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 106M | 102M | 118M | 111M | 184M | 119M | 119M | 203M | 127M | -94M | 58M | 181M | 181M |
| Free Cash Flow | 74M | 89M | 85M | 76M | 167M | 96M | 86M | 177M | 98M | -123M | 50M | 171M | 171M |
| Owner Earnings | 22M | 33M | 40M | 12M | 67M | 27M | 42M | 126M | 61M | -178M | -44M | 93M | 93M |
| CapEx | 32M | 13M | 33M | 35M | 17M | 23M | 33M | 26M | 28M | 29M | 7.9M | 9.8M | 9.8M |
| Maint. CapEx | 55M | 49M | 47M | 49M | 50M | 40M | 24M | 26M | 27M | 44M | 34M | 31M | 31M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 8.5M | 181K | 1.7M | 0 | 0 | 0 | 0 |
| D&A | 55M | 49M | 47M | 49M | 50M | 40M | 24M | 26M | 27M | 44M | 34M | 31M | 31M |
| CapEx/OCF | 29.9% | 12.8% | 28.0% | 31.8% | 9.3% | 19.4% | 27.5% | 12.9% | 22.4% | N/A | 13.6% | N/A | 5.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 41M | 57M | 1.0M | 15M | 116M | 70M | 71M | 130M | 50M | 0 | 0 | 0 | 0 |
| Buyback Yield | 2.3% | 4.4% | 0.0% | 0.6% | 3.6% | 2.0% | 1.4% | 2.9% | 2.4% | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 30M | 20M | 31M | 50M | 67M | 52M | 53M | 51M | 39M | 40M | 68M | 58M | 58M |
| Debt Repayment | 44M | 31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 272M | 441M | 181M | 181M |
| Balance Sheet | |||||||||||||
| Net Debt | 23M | 293M | -56M | -83M | -104M | -109M | -102M | -121M | 1.1B | 1.2B | 387M | 296M | 296M |
| Cash & Equiv. | 230M | 212M | 297M | 308M | 312M | 293M | 269M | 280M | 236M | 129M | 152M | 195M | 195M |
| Long-Term Debt | 235M | 239M | 227M | 211M | 193M | 195M | 179M | 172M | 1.3B | 1.4B | 506M | 491M | 491M |
| Debt/Equity | 0.46 | 0.96 | 0.40 | 0.34 | 0.31 | 0.29 | 0.26 | 0.23 | 1.77 | -4.46 | 1.02 | 0.89 | 0.89 |
| Interest Coverage | 7.1 | 3.8 | 9.0 | 9.0 | 12.2 | 6.0 | 14.0 | 28.5 | 5.3 | -9.9 | 0.6 | 0.8 | 0.8 |
| Equity | 551M | 528M | 605M | 665M | 683M | 677M | 699M | 738M | 756M | -307M | 542M | 550M | 550M |
| Total Assets | 929M | 912M | 1.0B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 2.6B | 1.4B | 1.4B | 1.4B | 1.4B |
| Total Liabilities | 378M | 383M | 406M | 421M | 380M | 375M | 383M | 393M | 1.8B | 1.7B | 877M | 861M | 861M |
| Intangibles | 102M | 88M | 62M | 60M | 37M | 20M | 12M | 6.8M | 215M | 36M | 33M | 40M | 40M |
| Retained Earnings | 402M | 413M | 468M | 501M | 580M | 612M | 671M | 797M | 858M | -234M | -396M | -436M | -436M |
| Working Capital | 289M | 237M | 315M | 335M | 355M | 362M | 365M | 374M | 326M | 317M | 302M | 379M | 379M |
| Current Assets | 397M | 341M | 438M | 461M | 485M | 461M | 475M | 502M | 723M | 534M | 585M | 655M | 655M |
| Current Liabilities | 108M | 104M | 123M | 126M | 130M | 99M | 110M | 128M | 397M | 217M | 283M | 276M | 276M |
| Per Share Data | |||||||||||||
| EPS | 0.41 | 0.17 | 0.83 | 0.51 | 1.02 | 0.47 | 0.91 | 1.92 | 0.96 | -17.03 | -2.26 | -0.46 | -0.46 |
| Owner EPS | 0.32 | 0.48 | 0.60 | 0.18 | 0.98 | 0.40 | 0.63 | 1.92 | 0.95 | -2.78 | -0.62 | 1.06 | 1.06 |
| Book Value | 8.09 | 7.81 | 9.19 | 9.79 | 10.00 | 9.98 | 10.61 | 11.27 | 11.82 | -4.79 | 7.57 | 6.26 | 6.26 |
| Cash Flow/Share | 1.56 | 1.51 | 1.79 | 1.64 | 2.69 | 1.75 | 1.81 | 3.10 | 1.98 | -1.46 | 0.81 | 2.06 | -0.11 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 68.2M | 67.6M | 65.9M | 67.9M | 68.3M | 67.8M | 65.8M | 65.5M | 63.9M | 64.1M | 71.6M | 87.8M | 87.8M |
| Valuation | |||||||||||||
| P/E Ratio | 63.6 | 112.4 | 40.6 | 71.5 | 46.6 | 110.9 | 82.5 | 35.3 | 34.5 | N/A | N/A | N/A | -273.7 |
| P/FCF | 23.9 | 14.5 | 26.2 | 32.6 | 19.5 | 37.0 | 57.3 | 25.1 | 21.5 | N/A | 87.3 | N/A | 64.5 |
| EV/EBIT | 37.6 | 38.2 | 22.4 | N/A | 27.0 | 60.4 | 61.1 | 27.9 | 32.7 | N/A | 93.5 | N/A | 348.5 |
| Price/Book | 3.2 | 2.4 | 3.7 | 3.7 | 4.8 | 5.2 | 7.1 | 6.0 | 2.8 | N/A | 8.1 | N/A | 20.1 |
| Price/Sales | 3.1 | 2.9 | 3.0 | 4.2 | 5.0 | 6.2 | 6.1 | 6.5 | 4.1 | 1.7 | 3.1 | N/A | 10.5 |
| FCF Yield | 4.2% | 6.9% | 3.8% | 3.1% | 5.1% | 2.7% | 1.7% | 4.0% | 4.6% | -9.3% | 1.1% | N/A | 1.6% |
| Market Cap | 1.8B | 1.3B | 2.2B | 2.5B | 3.2B | 3.5B | 4.9B | 4.4B | 2.1B | 1.3B | 4.4B | 0 | 11.1B |
| Avg. Price | 25.25 | 20.87 | 24.96 | 36.16 | 46.12 | 49.72 | 54.78 | 73.45 | 48.28 | 23.63 | 39.96 | 0.00 | 125.92 |
| Year-End Price | 26.07 | 19.11 | 33.70 | 36.45 | 47.55 | 52.10 | 75.07 | 67.83 | 33.15 | 20.59 | 61.11 | 0.00 | 125.92 |
SEMTECH CORP passes 2 of 9 quality checks, indicating weak fundamentals.
SEMTECH CORP trades at 224.9x trailing earnings, compared to its 15-year median P/E of 43.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 81.4x vs a median of 29.4x. The company's 5-year average gross margin is 52.3%. At current prices, the estimated annualized return to fair value is -13.8%.
SEMTECH CORP (SMTC) has a net profit margin of -3.8%. The company is currently unprofitable.
SEMTECH CORP (SMTC) generated $171 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SEMTECH CORP (SMTC) has a debt-to-equity ratio of 0.89. This indicates moderate leverage.
SEMTECH CORP (SMTC) reported earnings per share (EPS) of $-0.46 in its most recent fiscal year.
SEMTECH CORP (SMTC) has a return on equity (ROE) of -7.4%. A negative ROE may indicate losses or negative equity.
SEMTECH CORP (SMTC) has a 5-year average gross margin of 52.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for SEMTECH CORP (SMTC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SEMTECH CORP (SMTC) has a book value per share of $6.26, based on its most recent annual SEC filing.
No recent press releases.