Semtech Corp.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $909.3M | $868.8M | $756.5M | $740.9M | $595.1M | $547.5M | $627.2M |
| Cost of Revenue | $507.8M | $452.8M | $572.5M | $278.0M | $279.7M | $239.2M | $210.8M | $250.2M |
| Gross Profit | $542.1M | $456.5M | $296.3M | $478.6M | $461.1M | $355.9M | $336.7M | $377.0M |
| Gross Margin | 51.6% | 50.2% | 34.1% | 63.3% | 62.2% | 59.8% | 61.5% | 60.1% |
| Operating Expenses | ||||||||
| Research & Development | $196.3M | $170.9M | $186.5M | $166.9M | $147.9M | $117.5M | $107.4M | $109.0M |
| SG&A Expense | $221.9M | $222.4M | $220.2M | $224.8M | $168.2M | $162.8M | $163.1M | $145.2M |
| Operating Income | $32.6M | $49.9M | $-944.3M | $92.8M | $145.0M | $75.0M | $52.0M | $105.5M |
| Operating Margin | 3.1% | 5.5% | -108.7% | 12.3% | 19.6% | 12.6% | 9.5% | 16.8% |
| Interest Expense | $40.6M | $90.1M | $95.8M | $17.6M | $5.1M | $5.3M | $8.6M | $8.7M |
| Pretax Income | $-21.2M | $-183.4M | $-1.04B | $78.5M | $139.1M | $63.0M | $44.6M | $70.1M |
| Income Tax Expense | $19.8M | $-22.0M | $50.5M | $17.3M | $15.5M | $3.4M | $12.8M | $355.0K |
| Net Income | $-40.4M | $-161.9M | $-1.09B | $61.4M | $125.7M | $59.9M | $31.9M | $69.6M |
| Net Margin | -3.8% | -17.8% | -125.7% | 8.1% | 17.0% | 10.1% | 5.8% | 11.1% |
| EPS (Basic) | $-0.46 | $-2.26 | $-17.03 | $0.96 | $1.94 | $0.92 | $0.48 | $1.06 |
| EPS (Diluted) | $-0.46 | $-2.26 | $-17.03 | $0.96 | $1.92 | $0.91 | $0.47 | $1.02 |
| Shares Outstanding (Basic) | 88.4M | 71.6M | 64.1M | 63.8M | 64.7M | 65.2M | 66.3M | 66.0M |
| Shares Outstanding (Diluted) | 88.4M | 71.6M | 64.1M | 64.0M | 65.6M | 66.1M | 67.4M | 68.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |