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Semtech Corporation (SMTC) 10-Year Financial Performance & Capital Metrics

SMTC • • Industrial / General
TechnologySemiconductorsAnalog & Mixed-Signal SemiconductorsPower Management & Analog ICs
AboutSemtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. The company also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications. In addition, it provides power products consisting of switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging that control, alter, regulate, and condition the power within electronic systems. The company serves original equipment manufacturers and their suppliers in the enterprise computing, communications, and consumer and industrial end-markets. It sells its products directly, as well as through independent sales representative firms and independent distributors in North America, Europe, Asia- Pacific, and internationally. The company was incorporated in 1960 and is headquartered in Camarillo, California.Show more
  • Revenue $909M +4.7%
  • EBITDA $94M +110.9%
  • Net Income -$162M +85.2%
  • EPS (Diluted) -2.26 +86.7%
  • Gross Margin 50.21% +47.2%
  • EBITDA Margin 10.35% +110.5%
  • Operating Margin 5.49% +105.1%
  • Net Margin -17.8% +85.8%
  • ROE -137.68% +71.7%
  • ROIC 3.93% +107.8%
  • Debt/Equity 1.02
  • Interest Coverage 0.56 +106.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 89 (top 11%)
  • ✓Strong 5Y sales CAGR of 10.7%

✗Weaknesses

  • ✗Shares diluted 11.7% in last year
  • ✗Expensive at 10.2x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.01%
5Y10.68%
3Y7.07%
TTM20.6%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM103.38%

EPS CAGR

10Y-
5Y-
3Y-
TTM102.35%

ROCE

10Y Avg1.29%
5Y Avg-4.81%
3Y Avg-15.51%
Latest4.36%

Peer Comparison

Power Management & Analog ICs
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
POWIPower Integrations, Inc.2.41B43.4877.64-5.75%4.03%2.67%2.66%
DIODDiodes Incorporated2.67B57.4760.49-21.1%4.49%3.3%1.74%0.05
TXNTexas Instruments Incorporated171.84B189.1236.37-10.72%29.21%30.33%0.87%0.80
MPWRMonolithic Power Systems, Inc.48.36B1009.5427.5921.2%71.22%53.12%1.33%0.01
STMSTMicroelectronics N.V.24.88B28.0016.87-23.24%5.29%3.42%0.18
ONON Semiconductor Corporation24.26B60.2816.61-14.19%5.16%4.03%5%0.38
MXMagnachip Semiconductor Corporation103.99M2.89-2.010.73%-18.84%-14.85%0.11
AOSLAlpha and Omega Semiconductor Limited676.08M22.49-6.825.92%-13.86%-11.58%0.06

Profit & Loss

Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Sales/Revenue+490.22M544.27M587.85M627.2M547.51M595.12M740.86M756.53M868.76M909.29M
Revenue Growth %-0.12%0.11%0.08%0.07%-0.13%0.09%0.24%0.02%0.15%0.05%
Cost of Goods Sold+197.11M219.41M235.88M250.17M210.83M231.57M274.78M277.98M572.51M452.76M
COGS % of Revenue0.4%0.4%0.4%0.4%0.39%0.39%0.37%0.37%0.66%0.5%
Gross Profit+293.11M324.86M351.97M377.02M336.68M363.55M466.08M478.56M296.25M456.53M
Gross Margin %0.6%0.6%0.6%0.6%0.61%0.61%0.63%0.63%0.34%0.5%
Gross Profit Growth %-0.11%0.11%0.08%0.07%-0.11%0.08%0.28%0.03%-0.38%0.54%
Operating Expenses+274.95M264.23M278.97M287.96M287.02M288.63M321.08M404.07M1.37B406.59M
OpEx % of Revenue0.56%0.49%0.47%0.46%0.52%0.48%0.43%0.53%1.57%0.45%
Selling, General & Admin136.15M136.43M146.3M151.4M163.11M162.83M168.21M235.8M220.22M222.37M
SG&A % of Revenue0.28%0.25%0.25%0.24%0.3%0.27%0.23%0.31%0.25%0.24%
Research & Development113.74M102.5M104.8M109.92M107.37M117.53M147.93M167.45M186.45M170.91M
R&D % of Revenue0.23%0.19%0.18%0.18%0.2%0.2%0.2%0.22%0.21%0.19%
Other Operating Expenses-1.8M-1.72M-902K3.82M16.55M8.27M4.94M821K834.76M13.32M
Operating Income+30M84.08M68.74M98.48M52.01M74.96M145.02M92.8M-944.32M49.93M
Operating Margin %0.06%0.15%0.12%0.16%0.09%0.13%0.2%0.12%-1.09%0.05%
Operating Income Growth %-0.29%1.8%-0.18%0.43%-0.47%0.44%0.93%-0.36%-11.18%1.05%
EBITDA+78.33M131.14M117.73M148.12M91.59M106.82M180.32M129.69M-859.87M94.11M
EBITDA Margin %0.16%0.24%0.2%0.24%0.17%0.18%0.24%0.17%-0.99%0.1%
EBITDA Growth %-0.02%0.67%-0.1%0.26%-0.38%0.17%0.69%-0.28%-7.63%1.11%
D&A (Non-Cash Add-back)48.33M47.06M49M49.64M39.58M31.87M35.3M36.89M84.45M44.17M
EBIT28.89M82.36M65.72M88.78M53.69M74.69M142.73M89.65M-935.55M70.9M
Net Interest Income+-7.82M-8.84M-7.96M-9.2M-9.11M-5.34M-4.57M-9.66M-102.95M-87.33M
Interest Income0205K00001.47M5.8M3.05M2.3M
Interest Expense7.82M9.04M7.96M9.2M9.11M5.34M6.04M15.46M106M89.63M
Other Income/Expense-9.62M-11.02M-6.75M-28.36M-7.42M-11.65M-3.83M-14.33M-97.23M-233.29M
Pretax Income+20.38M73.06M59.87M63.1M44.59M63.3M141.18M78.47M-1.04B-183.36M
Pretax Margin %0.04%0.13%0.1%0.1%0.08%0.11%0.19%0.1%-1.2%-0.2%
Income Tax+8.88M18.4M23.19M-84K12.83M3.44M15.54M17.34M50.52M-22.01M
Effective Tax Rate %0.56%0.75%0.61%1%0.71%0.95%0.89%0.78%1.05%0.88%
Net Income+11.5M54.66M36.43M63.06M31.87M59.9M125.66M61.38M-1.09B-161.9M
Net Margin %0.02%0.1%0.06%0.1%0.06%0.1%0.17%0.08%-1.26%-0.18%
Net Income Growth %-0.59%3.75%-0.33%0.73%-0.49%0.88%1.1%-0.51%-18.79%0.85%
Net Income (Continuing)11.5M54.66M36.68M69.64M31.87M59.87M125.64M61.37M-1.09B-161.35M
Discontinued Operations0000000000
Minority Interest0000246K210K191K183K184K0
EPS (Diluted)+0.170.830.510.920.470.911.920.96-17.03-2.26
EPS Growth %-0.59%3.88%-0.39%0.8%-0.49%0.94%1.11%-0.5%-18.74%0.87%
EPS (Basic)0.180.840.520.960.480.921.940.96-17.03-2.26
Diluted Shares Outstanding65.96M66.11M67.61M68.48M67.42M66.06M65.56M64.01M64.13M71.61M
Basic Shares Outstanding65.66M65.43M66.03M65.98M66.26M65.21M64.66M63.77M64.12M71.61M
Dividend Payout Ratio----------

Balance Sheet

Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Total Current Assets+341.22M438.43M461.23M485.3M460.74M474.73M502.3M722.79M534.2M585.46M
Cash & Short-Term Investments211.81M297.13M307.92M312.12M293.32M268.89M279.6M235.51M143.13M164.46M
Cash Only211.81M297.13M307.92M312.12M293.32M268.89M279.6M235.51M128.59M151.74M
Short-Term Investments0000000014.54M12.72M
Accounts Receivable44.13M51.44M53.18M79.22M61.93M70.43M71.51M161.69M134.32M188.12M
Days Sales Outstanding32.8634.533.0246.141.2843.235.2378.0156.4375.51
Inventory63.88M65.87M71.07M63.68M73.01M87.49M114M207.7M144.99M163.59M
Days Inventory Outstanding118.28109.58109.9792.91126.4137.91151.44272.7392.44131.88
Other Current Assets16.17M18.42M17.25M21.88M21.76M25.83M31.2M111.63M82.48M31.91M
Total Non-Current Assets+570.3M575.7M624.54M577.58M591.01M607.37M628.62M1.85B839.54M833.8M
Property, Plant & Equipment101.01M108.91M124.59M118.49M124.42M130.93M134.94M169.29M177.49M126.19M
Fixed Asset Turnover4.85x5.00x4.72x5.29x4.40x4.55x5.49x4.47x4.89x7.21x
Goodwill329.7M329.7M341.9M351.14M351.14M351.14M351.14M1.28B541.23M533.09M
Intangible Assets88.43M61.77M60.21M36.56M20.01M11.75M6.8M215.1M35.57M33.11M
Long-Term Investments20.7M35.83M46.5M19.4M22.7M27.2M37.5M45.35M43.07M0
Other Non-Current Assets23.1M31.41M47.12M37.63M53.33M60.87M70.43M71.61M24.18M100.29M
Total Assets+911.52M1.01B1.09B1.06B1.05B1.08B1.13B2.57B1.37B1.42B
Asset Turnover0.54x0.54x0.54x0.59x0.52x0.55x0.66x0.29x0.63x0.64x
Asset Growth %-0.02%0.11%0.07%-0.02%-0.01%0.03%0.05%1.27%-0.47%0.03%
Total Current Liabilities+103.89M122.97M126.21M129.91M98.64M109.57M128.4M396.86M217.16M283.03M
Accounts Payable35.49M41.96M37.21M43.18M48.01M50.19M50.7M100.68M45.05M59.24M
Days Payables Outstanding65.7169.857.586383.1279.1167.34132.1928.7247.76
Short-Term Debt18.57M14.43M15.41M18.27M-1.96M0-15.06M43.1M045.6M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K00
Other Current Liabilities15.1M14.77M36.55M38.65M12.66M11.03M9.06M113.2M54.13M69.71M
Current Ratio3.28x3.57x3.65x3.74x4.67x4.33x3.91x1.82x2.46x2.07x
Quick Ratio2.67x3.03x3.09x3.25x3.93x3.53x3.02x1.30x1.79x1.49x
Cash Conversion Cycle85.4374.2885.4276.0184.57102119.32218.55120.15159.64
Total Non-Current Liabilities+279.58M285.89M294.56M250.29M276.59M273.58M264.74M1.42B1.46B593.8M
Long-Term Debt239.18M226.52M211.11M192.84M194.74M179.19M171.68M1.3B1.37B505.9M
Capital Lease Obligations000000026.48M22.03M0
Deferred Tax Liabilities6.8M9.47M14.68M3.36M3.6M976K1.13M5.07M21.35M750K
Other Non-Current Liabilities33.6M49.9M68.76M54.08M78.25M93.41M91.93M70.78M49.41M87.15M
Total Liabilities383.47M408.87M420.76M380.2M375.23M383.15M393.14M1.81B1.68B876.84M
Total Debt+257.75M240.96M226.52M211.11M194.74M179.19M175.65M1.34B1.4B551.5M
Net Debt45.94M-56.18M-81.4M-101.01M-98.58M-89.7M-103.95M1.1B1.27B399.8M
Debt / Equity0.49x0.40x0.34x0.31x0.29x0.26x0.24x1.77x-1.02x
Debt / EBITDA3.29x1.84x1.92x1.43x2.13x1.68x0.97x10.33x-5.86x
Net Debt / EBITDA0.59x-0.43x-0.69x-0.68x-1.08x-0.84x-0.58x8.52x-4.25x
Interest Coverage3.84x9.30x8.63x10.70x5.71x14.05x24.01x6.00x-8.91x0.56x
Total Equity+528.05M605.26M665.01M682.68M676.51M698.95M737.77M756.03M-307.25M542.43M
Equity Growth %-0.04%0.15%0.1%0.03%-0.01%0.03%0.06%0.02%-1.41%2.77%
Book Value per Share8.019.169.849.9710.0310.5811.2511.81-4.797.58
Total Shareholders' Equity528.05M605.26M665.01M682.68M676.27M698.74M737.58M755.85M-307.43M542.43M
Common Stock785K785K785K785K785K785K785K785K785K990K
Retained Earnings413.28M467.94M502.35M574.93M611.61M671.2M796.86M858.24M-233.79M-395.69M
Treasury Stock-266.18M-253.11M-251.97M-346.22M-387.85M-438.8M-549.94M-577.91M-556.89M0
Accumulated OCI653K-1.29M-1.2M-3.61M-6.17M-8.17M-2.08M3.36M-2.99M0
Minority Interest0000246K210K191K183K184K0

Cash Flow

Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Cash from Operations+102.08M117.61M105.92M183.56M118.62M118.93M203.12M126.71M-93.92M57.99M
Operating CF Margin %0.21%0.22%0.18%0.29%0.22%0.2%0.27%0.17%-0.11%0.06%
Operating CF Growth %-0.04%0.15%-0.1%0.73%-0.35%0%0.71%-0.38%-1.74%1.62%
Net Income11.5M54.66M36.43M63.06M31.87M59.87M125.64M61.37M-1.09B-161.9M
Depreciation & Amortization48.93M47.06M49M49.64M39.58M35.86M35.3M36.89M84.45M49.37M
Stock-Based Compensation20.47M30.83M47.94M73.86M52.05M52.99M51.19M39.25M40.17M68.04M
Deferred Taxes-1.01M2.19M15.23M-16.49M-5.6M-7.4M-3.78M-15.26M40.64M-21.67M
Other Non-Cash Items-12.02M-25.28M1M19.89M5.75M13.46M4.4M-15.12M914.61M124.15M
Working Capital Changes34.21M8.16M-43.67M-6.39M-5.03M-35.84M-9.63M19.58M-81.76M0
Change in Receivables25.35M-7.4M-1.45M-21.5M17.3M-8.51M-1.07M2.44M27.44M-28.35M
Change in Inventory10.26M-1.96M-5.51M8.44M-9.33M-14.48M-26.51M-3.75M57.31M-18.67M
Change in Payables4.98M3.1M-5.31M7.54M2.6M3.56M-2.15M-3.7M-44.35M14.68M
Cash from Investing+-66.83M-13.52M-60.29M-36.22M-34.33M-42.91M-40.32M-1.25B-22.7M-11.89M
Capital Expenditures-13.03M-32.92M-35.46M-17.05M-23.06M-32.73M-26.18M-28.32M-29.18M-7.86M
CapEx % of Revenue0.03%0.06%0.06%0.03%0.04%0.06%0.04%0.04%0.03%0.01%
Acquisitions----------
Investments----------
Other Investing-14.63M48K5.7M112K352K-10.18M-5.89M38K7.42M-6.24M
Cash from Financing+-53.77M-18.77M-34.84M-143.15M-103.08M-100.45M-152.1M1.08B10.55M-21.66M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing5.81M-2.89M-4.99M-11M-17.55M-13.02M-14.35M-50.79M-32.08M-9.43M
Net Change in Cash----------
Free Cash Flow+89.05M84.69M70.46M166.51M95.56M86.2M176.94M98.39M-125.02M43.78M
FCF Margin %0.18%0.16%0.12%0.27%0.17%0.14%0.24%0.13%-0.14%0.05%
FCF Growth %0.21%-0.05%-0.17%1.36%-0.43%-0.1%1.05%-0.44%-2.27%1.35%
FCF per Share1.351.281.042.431.421.302.701.54-1.950.61
FCF Conversion (FCF/Net Income)8.88x2.15x2.91x2.91x3.72x1.99x1.62x2.06x0.09x-0.36x
Interest Paid5.73M6.49M6.34M8.59M7.91M4.88M4.29M11.74M83.58M0
Taxes Paid7.92M10.5M31.01M7.74M11.16M8.41M3.33M10.36M19.76M7.98M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)2.13%9.65%5.74%9.36%4.69%8.71%17.49%8.22%-486.66%-137.68%
Return on Invested Capital (ROIC)3.92%11.23%9.1%12.68%6.73%9.47%17.5%5.58%-50.15%3.93%
Gross Margin59.79%59.69%59.87%60.11%61.49%61.09%62.91%63.26%34.1%50.21%
Net Margin2.35%10.04%6.2%10.05%5.82%10.07%16.96%8.11%-125.7%-17.8%
Debt / Equity0.49x0.40x0.34x0.31x0.29x0.26x0.24x1.77x-1.02x
Interest Coverage3.84x9.30x8.63x10.70x5.71x14.05x24.01x6.00x-8.91x0.56x
FCF Conversion8.88x2.15x2.91x2.91x3.72x1.99x1.62x2.06x0.09x-0.36x
Revenue Growth-12.13%11.03%8.01%6.69%-12.7%8.69%24.49%2.12%14.83%4.67%

Revenue by Segment

2016201720182019202020212022202320242025
IoT Systems And Connectivity---------324.64M
IoT Systems And Connectivity Growth----------
Advanced Protection And Sensing Products Group-------236.89M260.26M322.9M
Advanced Protection And Sensing Products Group Growth--------9.87%24.07%
Signal Integrity221.19M258.82M263.01M276.04M222.85M255.64M291.11M304.12M177.03M261.75M
Signal Integrity Growth-17.02%1.62%4.95%-19.27%14.72%13.88%4.47%-41.79%47.85%
IoT System Products Group-------210.33M334.9M-
IoT System Products Group Growth--------59.23%-
IoT Connected Services Group-------5.19M96.56M-
IoT Connected Services Group Growth--------1759.37%-
Wireless and Sensing--117.6M190.59M167.45M177.53M246.17M---
Wireless and Sensing Growth---62.07%-12.14%6.02%38.66%---
Protection--176.48M182.07M157.21M161.94M203.57M---
Protection Growth---3.17%-13.65%3.01%25.70%---

Revenue by Geography

2016201720182019202020212022202320242025
Asia Pacific358.48M412.17M439.34M480.68M421.58M474.04M583.85M543.79M505.6M574.71M
Asia Pacific Growth-14.98%6.59%9.41%-12.29%12.44%23.17%-6.86%-7.02%13.67%
North America46.15M94.12M121.14M118.66M76.65M71.87M90.8M109.44M237.13M204.48M
North America Growth-103.94%28.71%-2.05%-35.40%-6.24%26.34%20.54%116.67%-13.77%
Europe85.59M43.38M43.58M49.35M49.28M49.21M66.21M103.29M126.02M130.1M
Europe Growth--49.32%0.47%13.25%-0.16%-0.13%34.54%56.01%22.00%3.23%

Frequently Asked Questions

Growth & Financials

Semtech Corporation (SMTC) reported $1.03B in revenue for fiscal year 2025. This represents a 114% increase from $480.6M in 2012.

Semtech Corporation (SMTC) grew revenue by 4.7% over the past year. Growth has been modest.

Yes, Semtech Corporation (SMTC) is profitable, generating $28.5M in net income for fiscal year 2025 (-17.8% net margin).

Dividend & Returns

Semtech Corporation (SMTC) has a return on equity (ROE) of -137.7%. Negative ROE indicates the company is unprofitable.

Semtech Corporation (SMTC) generated $142.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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