Semtech Corp income statement

In fiscal 2026, Semtech Corp reported revenue of $1.05bn, up 15.5% on the year before, operating income of $32.6m (a 3.1% margin) and net income of −$40.4m, or −$0.46 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Semtech Corp: income statement, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Jan 2013	2014Jan 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Jan 2018	2019Jan 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Jan 2024	2025Jan 2025	2026Jan 2026	LTMApr 2026
Revenue	287	455	481	579	595	558	490	544	588	627	548	595	741	757	869	909	1,050	1,090
Cost of revenue	—	—	—	—	—	—	—	219	236	250	211	239	280	278	573	453	508	528
Gross profit	156	268	286	315	335	329	293	325	352	377	337	356	461	479	296	457	542	562
Research and development	45	70	81	120	137	119	114	103	105	109	107	118	148	167	186	171	196	206
Selling, general and administrative	78	110	101	149	126	127	141	139	148	145	163	163	168	225	220	222	222	242
Operating income	31	79	94	16	−109	42	30	84	67	105	52	75	145	93	−944	50	33	22
Interest expense	0	0	0	14	18	6	8	—	7	9	9	5	5	18	96	90	41	36
Net interest income	—	—	—	—	—	−6	−8	−9	−8	−9	−9	−5	−5	—	—	—	—	—
Income before tax	34	79	94	0	−128	36	20	73	58	70	45	63	139	78	−1,042	−183	−21	−23
Income tax	33	7	5	−42	36	9	9	18	23	0	13	3	16	17	51	−22	20	11
Net income	1	73	89	42	−164	28	11	55	35	70	32	60	126	61	−1,092	−162	−40	−33
Diluted EPS	$0.02	$1.12	$1.32	$0.62	−$2.44	$0.41	$0.17	$0.83	$0.51	$1.02	$0.47	$0.91	$1.92	$0.96	−$17.03	−$2.26	−$0.46	−$0.37
Diluted shares (average)	62m	65m	67m	67m	67m	68m	66m	66m	68m	68m	67m	66m	66m	64m	64m	72m	88m	90m
EBITDA	39	95	112	33	−87	97	79	131	116	155	92	99	171	119	−915	83	62	51

US$ millions unless shown otherwise. Fiscal quarters.

Semtech Corp: income statement, quarterly
Quarter	2025 Q2Jul 2024	2025 Q3Oct 2024	2025 Q4Jan 2025	2026 Q1Apr 2025	2026 Q2Jul 2025	2026 Q3Oct 2025	2026 Q4Jan 2026	2027 Q1Apr 2026
Revenue	215	237	251	251	258	267	274	291
Cost of revenue	110	116	120	120	123	128	136	140
Gross profit	105	121	131	131	134	138	138	151
Research and development	40	43	47	48	48	49	51	58
Selling, general and administrative	56	60	55	46	58	57	60	67
Operating income	8	18	21	36	−16	31	−18	26
Interest expense	24	21	22	5	5	3	27	1
Income before tax	−166	−4	7	27	−22	4	−30	25
Income tax	4	4	−33	9	5	7	−1	0
Net income	−170	−8	39	19	−27	−3	−30	27
Diluted EPS	−$2.61	−$0.10	$0.68	$0.22	−$0.31	−$0.03	−$0.34	$0.27
EBITDA	20	28	21	46	−6	41	−19	35

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Semtech Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Semtech Corp.