SEMTECH CORPSMTCEarnings & Financial Report
Semtech Corporation is an American supplier of analog and mixed-signal semiconductors and advanced algorithms for consumer, enterprise computing, communications and industrial end-markets. It is based in Camarillo, Ventura County, Southern California. It was founded in 1960 in Newbury Park, California. It has 32 locations in 15 countries in North America, Europe, and Asia.
SMTC Q3 FY2026 Key Financial Metrics
Revenue
$267.0M
Gross Profit
$138.5M
Operating Profit
$31.1M
Net Profit
$-2.9M
Gross Margin
51.9%
Operating Margin
11.6%
Net Margin
-1.1%
YoY Growth
12.7%
EPS
$-0.03
SEMTECH CORP Q3 FY2026 Financial Summary
SEMTECH CORP reported revenue of $267.0M (up 12.7% YoY) for Q3 FY2026, with a net profit of $-2.9M (up 62.3% YoY) (-1.1% margin). Cost of goods sold was $128.5M, operating expenses totaled $107.4M.
Key Financial Metrics
| Total Revenue | $267.0M |
|---|---|
| Net Profit | $-2.9M |
| Gross Margin | 51.9% |
| Operating Margin | 11.6% |
| Report Period | Q3 FY2026 |
Revenue Breakdown
SEMTECH CORP Q3 FY2026 revenue of $267.0M breaks down across 2 segments, led by Products at $239.5M (89.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $239.5M | 89.7% |
| Services | $27.4M | 10.3% |
SEMTECH CORP Revenue by Segment — Quarterly Trend
SEMTECH CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Services) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Products | $239.5M | $229.7M | $249.1M | $223.2M |
| Services | $27.4M | $27.9M | — | $27.8M |
SEMTECH CORP Annual Revenue by Year
SEMTECH CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $909.3M).
SEMTECH CORP Quarterly Revenue & Net Profit History
SEMTECH CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $267.0M | +12.7% | $-2.9M | -1.1% |
| Q2 FY2026 | $257.6M | +19.6% | $-27.1M | -10.5% |
| Q1 FY2026 | $251.1M | +21.8% | $19.3M | 7.7% |
| Q4 FY2025 | $251.0M | +30.1% | $39.1M | 15.6% |
| Q3 FY2025 | $236.8M | +17.9% | $-7.6M | -3.2% |
| Q2 FY2025 | $215.4M | -9.7% | $-170.3M | -79.1% |
| Q1 FY2025 | $206.1M | -12.9% | $-23.2M | -11.2% |
| Q4 FY2024 | $192.9M | +15.2% | $-642.4M | -332.9% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $192.9M | $206.1M | $215.4M | $236.8M | $251.0M | $251.1M | $257.6M | $267.0M |
| YoY Growth | 15.2% | -12.9% | -9.7% | 17.9% | 30.1% | 21.8% | 19.6% | 12.7% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.37B | $1.38B | $1.37B | $1.38B | $1.42B | $1.43B | $1.41B | $1.41B |
| Liabilities | $1.68B | $1.69B | $1.51B | $1.52B | $876.8M | N/A | N/A | N/A |
| Equity | $-307.4M | $-313.1M | $-141.4M | $-139.7M | $542.4M | $568.8M | $552.9M | $565.7M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $13.9M | $-89000 | $-5.0M | $29.6M | $33.5M | $27.8M | $44.4M | $47.5M |