undamentalytics Newsletter
Sign in

Semtech Corp key statistics and ratios

In fiscal 2026, Semtech Corp had return on equity of -7.4% and a net margin of -3.8%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2010Jan 20102011Jan 20112012Jan 20122013Jan 20132014Jan 20142015Jan 20152016Jan 20162017Jan 20172018Jan 20182019Jan 20192020Jan 20202021Jan 20212022Jan 20222023Jan 20232024Jan 20242025Jan 20252026Jan 2026LTMApr 2026
Net margin0.3%16.0%18.5%7.2%−27.6%5.0%2.3%10.0%5.9%11.1%5.8%10.1%17.0%8.1%−125.7%−17.8%−3.8%−3.0%
Return on equity0.2%15.5%15.4%6.3%−26.7%5.1%2.1%9.6%5.5%10.3%4.7%8.7%17.5%8.2%—−137.8%−7.4%−5.9%
Return on assets0.2%12.4%12.9%4.4%−15.5%3.0%1.2%5.7%3.3%6.5%3.0%5.6%11.4%3.3%−55.4%−11.6%−2.9%−2.3%
Effective tax rate97.2%8.5%5.4%——23.4%43.6%25.2%39.6%0.5%28.8%5.5%11.2%22.1%————
R&D as % of revenue15.7%15.3%16.8%20.7%23.1%21.4%23.2%18.8%17.9%17.4%19.6%19.7%20.0%22.1%21.5%18.8%18.7%18.9%
SG&A as % of revenue27.2%24.3%20.9%25.8%21.2%22.8%28.7%25.5%25.2%23.2%29.8%27.4%22.7%29.7%25.3%24.5%21.1%22.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · April 26, 2026
What it owns · $1.4bn
Short-term assets $649mLonger-term assets $790m
What it owes, and who funded it · $847m
Short-term liabilities $274mShareholders' equity $573m
  • Short-term assets cover short-term liabilities $649m of assets due within a year against $274m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $163m of cash against $492m of debt.
  • Debt below 40% of shareholders' equity Debt is 86% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 24% to 86% over five years.
  • A year's operating cash flow covers at least 20% of debt $190m of operating cash flow against $492m of debt.
  • Operating profit covers interest at least five times over Operating income of $22m against $36m of interest.

From Semtech Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

38 /100

Weak moat

How hard Semtech's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Net income has been a median 3.2% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 59.2%, moving by 7.9 percentage points (standard deviation) across 10 years.

  • Durability 2 / 20

    Operating margin has been a median 9.4%; its worst year was -110.9%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 8 of 10 years, at a median 15.4% of revenue.

  • Discipline 4 / 20

    The diluted share count rose 37.0% over five years; stock-based pay has been a median 6.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: IPGP vs SMTCMTSI vs SMTCICHR vs SMTCALGM vs SMTC

More: Semiconductors stocks compared, Technology sector, rankings of US companies

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.