Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Semtech Corporation's quarterly P/E stands at 101.7x, up 197.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 338.9% YoY to 69.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -343.98 | 101.66 | — | — | — | 34.13 | 38.93 | — | — | — | — | — | — |
| — | +197.9% | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 14.04 | 9.24 | 6.79 | 5.57 | 4.47 | 2.68 | 6.02 | 3.62 | 2.35 | 2.80 | 1.65 | 1.16 | 1.91 |
| — | +245.1% | +12.8% | +54.0% | +90.2% | -4.3% | +264.0% | +212.0% | +22.8% | +112.6% | -47.4% | -53.9% | -59.9% | |
| P/B Ratio | 25.45 | 18.77 | 13.56 | 10.51 | 8.32 | 4.73 | 11.15 | — | — | — | — | 2.78 | 4.97 |
| — | +296.8% | +21.7% | — | — | — | — | — | — | — | — | +23.7% | -0.4% | |
| P/FCF | 92.28 | 96.03 | 39.32 | 33.29 | 27.36 | 26.22 | 49.61 | 24.51 | — | — | 28.86 | — | — |
| — | +266.2% | -20.7% | +35.8% | — | — | +71.9% | — | — | — | — | — | — | |
| EV / EBITDA | 86.21 | 69.30 | 47.27 | 36.17 | 31.78 | 15.79 | 38.57 | 37.35 | 33.08 | 51.60 | 49.00 | 32.36 | 57.95 |
| — | +338.9% | +22.5% | -3.2% | -3.9% | -69.4% | -21.3% | +15.4% | -42.9% | +36.2% | +89.1% | +259.5% | +232.4% | |
| EV / EBIT | 112.54 | 90.00 | 62.92 | 49.27 | 45.36 | 20.69 | 53.41 | 60.59 | 83.99 | 165.41 | 244.44 | — | — |
| — | +334.9% | +17.8% | -18.7% | -46.0% | -87.5% | -78.1% | — | — | — | +506.2% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Semtech Corporation's operating margin was 10.6% in Q1 2027, down 0.6 pp QoQ and down 4.2 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.6% | 51.9% | 50.3% | 51.7% | 52.0% | 52.2% | 52.0% | 51.0% | 48.8% | 48.2% | 47.2% | 43.9% | 40.4% |
| — | -0.6% | -3.1% | +1.4% | +6.5% | +8.4% | +10.0% | +16.3% | +21.0% | +15.6% | -20.3% | -32.0% | -37.3% | |
| Operating Margin | 12.7% | 10.6% | 11.2% | 11.9% | 10.6% | 14.8% | 12.0% | 7.8% | 4.3% | 2.6% | 1.4% | -3.7% | -4.4% |
| — | -28.5% | -6.7% | +52.7% | +145.1% | +463.8% | +790.9% | +313.0% | +198.2% | +162.6% | -88.7% | -117.8% | -120.0% | |
| Net Margin | -3.8% | 9.1% | -10.9% | -1.1% | -10.5% | 7.7% | 15.6% | -3.2% | -79.1% | -11.2% | -332.9% | -19.0% | -160.3% |
| — | +18.2% | -169.7% | +66.5% | +86.7% | +168.6% | +104.7% | +83.2% | +50.7% | +9.6% | -993.2% | -248.7% | -749.9% |
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.3% | 4.7% | -5.3% | -0.5% | -4.8% | 3.5% | 19.4% | — | — | — | -4725.2% | -10.9% | -69.4% |
| — | +35.5% | -127.5% | — | — | — | +100.4% | — | — | — | -71622.8% | -481.6% | -1132.4% | |
| ROA | -2.9% | 1.9% | -2.1% | -0.2% | -1.9% | 1.4% | 2.8% | -0.6% | -12.4% | -1.7% | -37.7% | -1.8% | -16.5% |
| — | +37.1% | -175.7% | +63.1% | +84.6% | +180.6% | +107.4% | +70.0% | +25.0% | -45.1% | -1389.7% | -207.9% | -471.2% | |
| ROIC | 11.8% | 2.6% | 2.6% | 2.6% | 2.2% | 2.9% | 2.4% | 1.5% | 0.7% | 0.4% | 0.2% | -0.3% | -0.4% |
| — | -9.8% | +6.6% | +75.7% | +203.3% | +594.1% | +1485.7% | +526.2% | +263.9% | +208.2% | -87.2% | -107.8% | -108.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Semtech Corporation's Debt/EBITDA ratio is 12.3x — elevated, raising questions about debt serviceability. The current ratio has weakened 6.5% YoY to 2.37x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.89 | 0.86 | 0.89 | 0.95 | 0.94 | 0.95 | 1.03 | — | — | — | — | 4.11 | 3.77 |
| — | -10.0% | -13.1% | — | — | — | — | — | — | — | — | +615.3% | +1652.1% | |
| Debt / EBITDA | 2.82 | 12.30 | 11.98 | 12.34 | 13.32 | 11.14 | 13.33 | 39.71 | 51.63 | 80.71 | 107.66 | 81.52 | 104.84 |
| — | +10.4% | -10.1% | -68.9% | -74.2% | -86.2% | -87.6% | -51.3% | -50.8% | -5.0% | +148.4% | +706.7% | +3220.2% | |
| Current Ratio | 2.37 | 2.37 | 2.37 | 2.43 | 2.53 | 2.53 | 2.07 | 2.37 | 2.41 | 2.40 | 2.46 | 2.40 | 1.96 |
| — | -6.5% | +14.8% | +2.8% | +4.9% | +5.7% | -15.9% | -1.1% | +22.9% | +11.8% | +35.1% | -59.8% | -52.4% | |
| Quick Ratio | 1.67 | 1.62 | 1.67 | 1.71 | 1.78 | 1.81 | 1.49 | 1.67 | 1.72 | 1.74 | 1.79 | 1.72 | 1.40 |
| — | -10.5% | +11.7% | +1.9% | +3.4% | +4.4% | -16.8% | -2.8% | +22.6% | +19.3% | +38.1% | -66.7% | -58.2% | |
| Interest Coverage | 3.34 | 16.21 | 17.11 | 1.21 | 5.21 | 5.55 | 2.25 | 0.79 | 0.30 | 0.21 | 0.10 | -0.24 | -0.39 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying SMTC stock.
Semtech Corporation's current P/E is -344.0x. The average P/E over the last 1 quarters is 101.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Semtech Corporation's current operating margin is 12.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Semtech Corporation's business trajectory between earnings reports.