Last 46 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -52.76 | — | — | 34.13 | 38.93 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 12.10 | 5.57 | 4.47 | 2.68 | 6.02 | 3.62 | 2.35 | 2.80 | 1.65 | 1.16 | 1.91 | 1.32 | 3.15 |
| — | +54.0% | +90.2% | -4.3% | +264.0% | +212.0% | +22.8% | +112.6% | -47.4% | -53.9% | -59.9% | -72.3% | -48.3% | |
| P/B Ratio | 15.74 | 10.51 | 8.32 | 4.73 | 11.15 | — | — | — | — | 2.78 | 4.97 | 1.70 | 2.79 |
| — | — | — | — | — | — | — | — | — | +23.7% | -0.4% | -67.5% | -55.6% | |
| P/FCF | 251.37 | 33.29 | 27.36 | 26.22 | 49.61 | 24.51 | — | — | 28.86 | — | — | — | — |
| — | +35.8% | — | — | +71.9% | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 102.71 | 36.17 | 31.78 | 15.79 | 38.57 | 37.35 | 33.08 | 51.60 | 49.00 | 32.36 | 57.95 | 37.89 | 25.92 |
| — | -3.2% | -3.9% | -69.4% | -21.3% | +15.4% | -42.9% | +36.2% | +89.1% | +259.5% | +232.4% | +123.9% | +17.3% | |
| EV / EBIT | 184.92 | 49.27 | 45.36 | 20.69 | 53.41 | 60.59 | 83.99 | 165.41 | 244.44 | — | — | — | 40.32 |
| — | -18.7% | -46.0% | -87.5% | -78.1% | — | — | — | +506.2% | — | — | — | +49.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Semtech Corporation's operating margin was 11.9% in Q3 2026, up 1.3 pp QoQ and up 4.1 pp YoY.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.1% | 51.7% | 52.0% | 52.2% | 52.0% | 51.0% | 48.8% | 48.2% | 47.2% | 43.9% | 40.4% | 41.7% | 59.2% |
| — | +1.4% | +6.5% | +8.4% | +10.0% | +16.3% | +21.0% | +15.6% | -20.3% | -32.0% | -37.3% | -34.8% | -6.8% | |
| Operating Margin | 6.8% | 11.9% | 10.6% | 14.8% | 12.0% | 7.8% | 4.3% | 2.6% | 1.4% | -3.7% | -4.4% | -4.2% | 11.9% |
| — | +52.7% | +145.1% | +463.8% | +790.9% | +313.0% | +198.2% | +162.6% | -88.7% | -117.8% | -120.0% | -118.2% | -45.8% | |
| Net Margin | -17.8% | -1.1% | -10.5% | 7.7% | 15.6% | -3.2% | -79.1% | -11.2% | -332.9% | -19.0% | -160.3% | -12.4% | -30.5% |
| — | +66.5% | +86.7% | +168.6% | +104.7% | +83.2% | +50.7% | +9.6% | -993.2% | -248.7% | -749.9% | -166.1% | -266.7% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -137.7% | -0.5% | -4.8% | 3.5% | 19.4% | — | — | — | -4725.2% | -10.9% | -69.4% | -4.0% | -6.6% |
| — | — | — | — | +100.4% | — | — | — | -71622.8% | -481.6% | -1132.4% | -176.5% | -237.8% | |
| ROA | -11.6% | -0.2% | -1.9% | 1.4% | 2.8% | -0.6% | -12.4% | -1.7% | -37.7% | -1.8% | -16.5% | -1.2% | -2.5% |
| — | +63.1% | +84.6% | +180.6% | +107.4% | +70.0% | +25.0% | -45.1% | -1389.7% | -207.9% | -471.2% | -134.3% | -181.8% | |
| ROIC | 4.9% | 2.6% | 2.2% | 2.9% | 2.4% | 1.5% | 0.7% | 0.4% | 0.2% | -0.3% | -0.4% | -0.4% | 1.2% |
| — | +75.7% | +203.3% | +594.1% | +1485.7% | +526.2% | +263.9% | +208.2% | -87.2% | -107.8% | -108.0% | -107.1% | -76.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Semtech Corporation's Debt/EBITDA ratio is 12.3x, down from 13.3x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.02 | 0.95 | 0.94 | 0.95 | 1.03 | — | — | — | — | 4.11 | 3.77 | 1.88 | 1.78 |
| — | — | — | — | — | — | — | — | — | +615.3% | +1652.1% | +660.8% | +665.3% | |
| Debt / EBITDA | 4.97 | 12.34 | 13.32 | 11.14 | 13.33 | 39.71 | 51.63 | 80.71 | 107.66 | 81.52 | 104.84 | 84.94 | 43.34 |
| — | -68.9% | -74.2% | -86.2% | -87.6% | -51.3% | -50.8% | -5.0% | +148.4% | +706.7% | +3220.2% | +2491.4% | +1193.7% | |
| Current Ratio | 2.07 | 2.43 | 2.53 | 2.53 | 2.07 | 2.37 | 2.41 | 2.40 | 2.46 | 2.40 | 1.96 | 2.14 | 1.82 |
| — | +2.8% | +4.9% | +5.7% | -15.9% | -1.1% | +22.9% | +11.8% | +35.1% | -59.8% | -52.4% | -52.2% | -53.4% | |
| Quick Ratio | 1.49 | 1.71 | 1.78 | 1.81 | 1.49 | 1.67 | 1.72 | 1.74 | 1.79 | 1.72 | 1.40 | 1.46 | 1.30 |
| — | +1.9% | +3.4% | +4.4% | -16.8% | -2.8% | +22.6% | +19.3% | +38.1% | -66.7% | -58.2% | -58.6% | -57.1% | |
| Interest Coverage | 0.69 | 1.21 | 5.21 | 5.55 | 2.25 | 0.79 | 0.30 | 0.21 | 0.10 | -0.24 | -0.39 | -0.44 | 3.23 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Semtech Corporation's current P/E is -52.8x. The average P/E over the last 2 quarters is 36.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Semtech Corporation's current operating margin is 6.8%. 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.