Semtech Corporation (SMTC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SMTC Revenue Growth
Revenue Breakdown (FY 2025)
SMTC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
SMTC Revenue Analysis (2014–2025)
As of May 8, 2026, Semtech Corporation (SMTC) generated trailing twelve-month (TTM) revenue of $1.03 billion, reflecting strong growth of +12.7% year-over-year. The most recent quarter (Q3 2026) recorded $267.0 million in revenue, up 3.6% sequentially.
Looking at the longer-term picture, SMTC's 5-year compound annual growth rate (CAGR) stands at +10.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $909.3 million in 2025, representing a new all-time high.
Revenue diversification analysis shows SMTC's business is primarily driven by IoT Systems And Connectivity (36%), Advanced Protection And Sensing Products Group (36%), and Signal Integrity (29%).
When compared to Technology sector peers including SLAB (+34.3% YoY), SITM (+65.2% YoY), and DIOD (+16.0% YoY), SMTC has underperformed the peer group in terms of revenue growth. Compare SMTC vs SLAB →
SMTC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SMTCCurrent | $1.0B | +12.7% | +10.7% | 6.8% | |
 SLAB | $785M | +34.3% | +9.0% | -9.0% | |
 SITM | $327M | +65.2% | +23.0% | -18.5% | |
 DIOD | $1.5B | +16.0% | +3.8% | 2.4% | |
 POWI | $444M | +3.1% | -1.9% | 4.8% | |
 MPWR | $2.8B | +26.4% | +27.0% | 26.1% |
SMTC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $909.3M | +4.7% | $455.6M | 50.1% | $61.7M | 6.8% |
| 2024 | $868.8M | +14.8% | $374.0M | 43.0% | $-34,112,000 | -3.9% |
| 2023 | $756.5M | +2.1% | $479.0M | 63.3% | $159.0M | 21.0% |
| 2022 | $740.9M | +24.5% | $461.1M | 62.2% | $142.3M | 19.2% |
| 2021 | $595.1M | +8.7% | $355.3M | 59.7% | $74.7M | 12.5% |
| 2020 | $547.5M | -12.7% | $320.1M | 58.5% | $50.8M | 9.3% |
| 2019 | $627.2M | +6.7% | $350.4M | 55.9% | $88.8M | 14.2% |
| 2018 | $587.8M | +8.0% | $324.1M | 55.1% | $79.4M | 13.5% |
| 2017 | $544.3M | +11.0% | $299.6M | 55.0% | $60.4M | 11.1% |
| 2016 | $490.2M | -12.1% | $268.1M | 54.7% | $18.2M | 3.7% |
Full SMTC Stock Analysis
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Start ComparisonSMTC — Frequently Asked Questions
Quick answers to the most common questions about buying SMTC stock.
Is SMTC's revenue growth accelerating or slowing?
SMTC maintains +12.7% revenue growth, in line with its 5-year CAGR of +10.7%. TTM revenue stands at $1.0B. Growth rate remains consistent with historical average.
What is SMTC's long-term revenue growth rate?
Semtech Corporation's 5-year revenue CAGR of +10.7% reflects the sustained expansion pattern. Current YoY growth of +12.7% is near this long-term average.
How is SMTC's revenue distributed by segment?
SMTC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.