Semtech Corporation (SMTC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Sales/Revenue | 291M | 274.4M | 266.97M | 257.59M | 251.06M | 251M | 236.82M | 215.35M | 206.1M | 192.95M | 200.9M | 238.37M | 236.54M | 167.51M | 177.62M | 209.25M | 202.15M | 190.55M | 194.93M | 185M |
| Revenue Growth % | 15.91% | 9.32% | 12.73% | 19.61% | 21.81% | 30.09% | 17.88% | -9.66% | -12.87% | 15.18% | 13.11% | 13.92% | 17.01% | -12.09% | -8.88% | 13.11% | 18.65% | 15.71% | 26.51% | 28.78% |
| Cost of Goods Sold | 139.9M | 136.3M | 128.85M | 123.63M | 119.92M | 120.6M | 116M | 110.17M | 106.82M | 101.85M | 112.79M | 142.15M | 137.98M | 68.32M | 63.05M | 74.48M | 72.94M | 69.5M | 72.54M | 70.87M |
| COGS % of Revenue | 48.08% | 49.67% | 48.26% | 48% | 47.76% | 48.05% | 48.98% | 51.16% | 51.83% | 52.79% | 56.14% | 59.63% | 58.33% | 40.79% | 35.5% | 35.59% | 36.08% | 36.47% | 37.21% | 38.31% |
| Gross Profit | 151.1M | 138.1M | 138.12M | 133.96M | 131.14M | 130.4M | 120.82M | 105.18M | 99.28M | 91.09M | 88.11M | 96.22M | 98.56M | 99.19M | 114.57M | 134.77M | 129.21M | 121.05M | 122.39M | 114.13M |
| Gross Margin % | 51.92% | 50.33% | 51.74% | 52% | 52.24% | 51.95% | 51.02% | 48.84% | 48.17% | 47.21% | 43.86% | 40.37% | 41.67% | 59.21% | 64.5% | 64.41% | 63.92% | 63.53% | 62.79% | 61.69% |
| Gross Profit Growth % | 15.22% | 5.9% | 14.32% | 27.36% | 32.09% | 43.15% | 37.12% | 9.32% | 0.73% | -8.16% | -23.09% | -28.61% | -23.72% | -18.06% | -6.39% | 18.08% | 24.76% | 22.44% | 32.65% | 32.36% |
| Operating Expenses | 120.3M | 107.3M | 106.31M | 106.67M | 93.98M | 100.2M | 102.34M | 95.87M | 93.87M | 88.49M | 95.47M | 106.71M | 108.48M | 79.23M | 78.03M | 88.82M | 82.55M | 79.13M | 84.13M | 77.51M |
| OpEx % of Revenue | 41.34% | 39.1% | 39.82% | 41.41% | 37.43% | 39.92% | 43.21% | 44.52% | 45.55% | 45.86% | 47.52% | 44.77% | 45.86% | 47.3% | 43.93% | 42.45% | 40.84% | 41.53% | 43.16% | 41.9% |
| Selling, General & Admin | 62.7M | 56.1M | 57.11M | 58.47M | 46.45M | 53.5M | 59.78M | 55.79M | 52.27M | 46.98M | 48.56M | 59.28M | 57.88M | 37.76M | 42.87M | 48.22M | 43.76M | 40.84M | 46.79M | 42.02M |
| SG&A % of Revenue | 21.55% | 20.44% | 21.39% | 22.7% | 18.5% | 21.31% | 25.24% | 25.91% | 25.36% | 24.35% | 24.17% | 24.87% | 24.47% | 22.54% | 24.13% | 23.04% | 21.65% | 21.43% | 24% | 22.71% |
| Research & Development | 57.6M | 51.2M | 49.2M | 48.2M | 47.53M | 46.7M | 42.56M | 40.08M | 41.6M | 41.51M | 46.91M | 47.43M | 50.6M | 41.47M | 35.16M | 40.6M | 38.79M | 38.29M | 37.35M | 35.5M |
| R&D % of Revenue | 19.79% | 18.66% | 18.43% | 18.71% | 18.93% | 18.61% | 17.97% | 18.61% | 20.19% | 21.51% | 23.35% | 19.9% | 21.39% | 24.75% | 19.8% | 19.4% | 19.19% | 20.1% | 19.16% | 19.19% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 30.8M | 30.8M | 31.81M | 27.29M | 37.17M | 30.2M | 18.48M | 9.31M | 5.41M | 2.61M | -7.36M | -10.49M | -9.92M | 19.96M | 36.54M | 45.95M | 46.65M | 41.92M | 38.26M | 36.62M |
| Operating Margin % | 10.58% | 11.22% | 11.92% | 10.59% | 14.8% | 12.03% | 7.8% | 4.32% | 2.63% | 1.35% | -3.66% | -4.4% | -4.19% | 11.92% | 20.57% | 21.96% | 23.08% | 22% | 19.63% | 19.79% |
| Operating Income Growth % | -17.13% | 1.99% | 72.15% | 193.16% | 586.73% | 1058.86% | 351.05% | 188.72% | 154.56% | -86.95% | -120.14% | -122.84% | -121.26% | -52.37% | -4.49% | 25.48% | 65.97% | 134.13% | 73.58% | 94.16% |
| EBITDA | 40M | 41M | 43.33M | 38.96M | 48.7M | 41.82M | 29.97M | 23.63M | 17.35M | 13M | 16.85M | 13.2M | 16.24M | 31.06M | 45.04M | 54.44M | 55.46M | 51.24M | 46.83M | 45.55M |
| EBITDA Margin % | 13.75% | 14.94% | 16.23% | 15.12% | 19.4% | 16.66% | 12.66% | 10.97% | 8.42% | 6.74% | 8.39% | 5.54% | 6.86% | 18.54% | 25.36% | 26.02% | 27.44% | 26.89% | 24.02% | 24.62% |
| EBITDA Growth % | -17.87% | -1.96% | 44.58% | 64.85% | 180.75% | 221.68% | 77.88% | 79.1% | 6.83% | -58.15% | -62.59% | -75.76% | -70.72% | -39.38% | -3.83% | 19.53% | 51.6% | 100.46% | 56.28% | 71.23% |
| D&A (Non-Cash Add-back) | 9.2M | 10.2M | 11.52M | 11.67M | 11.54M | 11.62M | 11.49M | 14.32M | 11.94M | 10.39M | 24.21M | 23.69M | 26.16M | 11.1M | 8.5M | 8.49M | 8.81M | 9.33M | 8.57M | 8.93M |
| EBIT | 30.8M | 30.8M | 31.81M | 27.29M | 37.17M | 30.2M | 18.48M | 9.31M | 5.41M | 2.61M | -7.36M | -10.49M | -9.92M | 19.96M | 36.54M | 45.95M | 46.65M | 41.92M | 38.26M | 36.62M |
| Net Interest Income | -1M | -1M | -25.4M | -4.71M | -6.33M | -12.6M | -22.85M | -30.95M | -25.48M | -24.92M | -30.5M | -25.94M | -21.59M | -2.14M | -9.01M | -874K | -664K | -1.47M | -1.23M | -1.19M |
| Interest Income | 900K | 800K | 800K | 529K | 369K | 800K | 527K | 433K | 542K | 734K | 574K | 674K | 1.07M | 4.04M | 0 | 385K | 364K | 0 | 0 | 0 |
| Interest Expense | 1.9M | 1.8M | 26.2M | 5.24M | 6.69M | 13.4M | 23.38M | 31.38M | 26.02M | 25.65M | 31.08M | 26.62M | 22.66M | 6.18M | 9.01M | 1.26M | 1.03M | 1.47M | 1.23M | 1.19M |
| Other Income/Expense | -4.1M | -61.6M | -27.35M | -49.56M | -9.17M | -24.3M | -22.06M | -175.39M | -25.61M | -648.31M | -31.2M | -314.92M | -21.91M | -80.05M | -7.47M | 17.66M | -535K | -766K | -815K | -726K |
| Pretax Income | 26.7M | -30.8M | 4.46M | -22.27M | 28M | 5.9M | -3.58M | -166.08M | -20.2M | -645.7M | -38.56M | -325.41M | -31.83M | -60.09M | 29.07M | 63.62M | 46.12M | 41.15M | 37.44M | 35.89M |
| Pretax Margin % | 9.18% | -11.22% | 1.67% | -8.65% | 11.15% | 2.35% | -1.51% | -77.12% | -9.8% | -334.65% | -19.2% | -136.51% | -13.46% | -35.87% | 16.37% | 30.4% | 22.81% | 21.6% | 19.21% | 19.4% |
| Income Tax | 100K | -900K | 7.32M | 4.79M | 8.65M | -33.2M | 4.01M | 4.21M | 2.96M | -3.35M | -311K | 56.59M | -2.42M | -9.07M | 6.33M | 12.02M | 8.07M | 6.36M | 3.02M | 2.96M |
| Effective Tax Rate % | 0.37% | 2.92% | 164.16% | -21.52% | 30.91% | -562.71% | -111.96% | -2.54% | -14.63% | 0.52% | 0.81% | -17.39% | 7.59% | 15.1% | 21.76% | 18.89% | 17.5% | 15.46% | 8.06% | 8.25% |
| Net Income | 26.5M | -29.8M | -2.86M | -27.06M | 19.34M | 39.1M | -7.59M | -170.29M | -23.16M | -642.36M | -38.25M | -382M | -29.41M | -51.01M | 22.75M | 51.6M | 38.05M | 34.8M | 34.43M | 32.93M |
| Net Margin % | 9.11% | -10.86% | -1.07% | -10.51% | 7.71% | 15.58% | -3.2% | -79.08% | -11.24% | -332.92% | -19.04% | -160.25% | -12.44% | -30.45% | 12.81% | 24.66% | 18.82% | 18.27% | 17.66% | 17.8% |
| Net Income Growth % | 36.99% | -176.21% | 62.27% | 84.11% | 183.53% | 106.09% | 80.17% | 55.42% | 21.27% | -1159.21% | -268.16% | -840.34% | -177.31% | -246.57% | -33.93% | 56.68% | 61.91% | 122.3% | 86.22% | 104.24% |
| Net Income (Continuing) | 26.6M | -29.9M | -2.86M | -27.06M | 19.34M | 39.1M | -7.59M | -170.29M | -23.16M | -642.36M | -38.25M | -382M | -29.42M | -51.02M | 22.74M | 51.6M | 38.05M | 34.79M | 34.42M | 32.93M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 184K | 178K | 180K | 181K | 183K | 185K | 188K | 190K | 191K | 204K | 206K |
| EPS (Diluted) | 0.27 | -0.32 | -0.03 | -0.31 | 0.22 | 0.43 | -0.10 | -2.61 | -0.36 | -9.98 | -0.60 | -5.97 | -0.46 | -0.80 | 0.36 | 0.81 | 0.59 | 0.53 | 0.53 | 0.50 |
| EPS Growth % | 22.73% | -174.42% | 67.4% | 88.12% | 161.11% | 104.31% | 83.33% | 56.28% | 21.74% | -1147.5% | -266.67% | -837.04% | -177.97% | -250.94% | -32.08% | 62% | 63.89% | 120.83% | 89.29% | 108.33% |
| EPS (Basic) | 0.29 | -0.32 | -0.03 | -0.31 | 0.22 | 0.48 | -0.10 | -2.61 | -0.36 | -9.98 | -0.60 | -5.97 | -0.46 | -0.80 | 0.36 | 0.81 | 0.59 | 0.54 | 0.53 | 0.51 |
| Diluted Shares Outstanding | 98M | 92.6M | 87.68M | 86.71M | 89.58M | 90.3M | 75.32M | 65.28M | 64.51M | 64.36M | 64.22M | 64M | 63.92M | 63.86M | 63.85M | 63.98M | 64.55M | 65.23M | 65.3M | 65.58M |
| Basic Shares Outstanding | 92.9M | 92.6M | 87.68M | 86.71M | 86.44M | 81.31M | 75.32M | 65.28M | 64.51M | 64.36M | 64.22M | 64M | 63.92M | 63.86M | 63.76M | 63.5M | 63.95M | 64.29M | 64.55M | 64.72M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |