SMTC financial statements

The full income statement, balance sheet, and cash-flow statement for Semtech Corporation (SMTC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-04 64.7M2024-07 75.2M2024-10 75.7M2025-01 86.5M2025-04 86.6M2025-07 86.8M2025-10 92.5M2026-01 93.0M2026-04 93.2M+44.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofJan 25 ’26	as ofJan 26 ’25	as ofJan 28 ’24	as ofJan 29 ’23	as ofJan 30 ’22	as ofJan 31 ’21
Revenue	1.05B YoY+15.5%	909M YoY+4.7%	869M YoY+14.8%	757M YoY+2.1%	741M YoY+24.5%	595M YoY+8.7%
	542M YoY+18.8%	457M YoY+54.1%	296M YoY-38.1%	479M YoY+3.8%	461M YoY+29.6%	356M YoY+5.7%
Cost of revenue	508M YoY+12.2%	453M YoY-20.9%	573M YoY+106.0%	278M YoY-0.6%	280M YoY+16.9%	239M YoY+13.5%
	510M YoY+25.3%	407M YoY-67.2%	1.24B YoY+221.6%	386M YoY+22.0%	316M YoY+12.5%	281M YoY-1.3%
Research & development	196M YoY+14.9%	171M YoY-8.3%	186M YoY+11.7%	167M YoY+12.9%	148M YoY+25.9%	118M YoY+9.5%
Selling, general & administrative	222M YoY-0.2%	222M YoY+1.0%	220M YoY-2.0%	225M YoY+33.6%	168M YoY+3.3%	163M YoY-0.2%
Restructuring	4.19M YoY-15.3%	4.94M YoY-79.9%	24.6M YoY+105.7%	12.0M	0.00 YoY+100.0%	-238K YoY-111.0%
Amortization of intangibles	631K YoY-28.6%	884K YoY-94.1%	14.9M YoY+1716.4%	821K	0.00 YoY-100.0%	589K YoY-96.4%
Operating income	32.6M YoY-34.8%	49.9M YoY+105.3%	-944M YoY-1117.6%	92.8M YoY-36.0%	145M YoY+93.5%	75.0M YoY+44.1%
Interest expense	40.6M YoY-54.9%	90.1M YoY-6.0%	95.8M YoY+756.5%	11.2M YoY+119.7%	5.09M YoY-4.6%	5.34M YoY-38.1%
Interest & investment income	2.52M YoY+9.6%	2.30M YoY-24.5%	3.05M YoY-47.4%	5.80M YoY+294.9%	1.47M YoY-42.1%	2.54M
Net interest income	—	—	—	—	-5.09M YoY+4.6%	-5.34M YoY+41.4%
Other non-operating income	-5.26M YoY-2070.8%	267K YoY+149.3%	-542K YoY+59.3%	-1.33M YoY-34.6%	-989K YoY+59.0%	-2.41M YoY-183.3%
Equity-method income	636K YoY+216.3%	-547K YoY-1315.6%	45.0K YoY-81.9%	249K YoY-88.2%	2.12M YoY+542.9%	329K YoY+201.8%
Pre-tax income	-21.2M YoY+88.4%	-183M YoY+82.4%	-1.04B YoY-1427.4%	78.5M YoY-43.6%	139M YoY+120.8%	63.0M YoY+41.2%
Income tax	19.8M YoY+190.1%	-22.0M YoY-143.6%	50.5M YoY+191.3%	17.3M YoY+11.6%	15.5M YoY+352.1%	3.44M YoY-73.2%
	-40.4M YoY+75.1%	-162M YoY+85.2%	-1.09B YoY-1879.1%	61.4M YoY-51.2%	126M YoY+109.8%	59.9M YoY+88.0%
Net income to non-controlling interest	0.00	0.00 YoY-100.0%	1.00K YoY+112.5%	-8.00K YoY+57.9%	-19.0K YoY+47.2%	-36.0K YoY-620.0%
	-$0.46 YoY+79.6%	-$2.26 YoY+86.7%	-$17.03 YoY-1874.0%	$0.96 YoY-50.0%	$1.92 YoY+111.0%	$0.91 YoY+93.6%
EPS (basic)	-$0.46 YoY+79.6%	-$2.26 YoY+86.7%	-$17.03 YoY-1874.0%	$0.96 YoY-50.5%	$1.94 YoY+110.9%	$0.92 YoY+91.7%
	88.4M YoY+23.4%	71.6M YoY+11.7%	64.1M YoY+0.6%	63.8M YoY-1.4%	64.7M YoY-0.8%	65.2M YoY-1.6%
	88.4M YoY+23.4%	71.6M YoY+11.7%	64.1M YoY+0.2%	64.0M YoY-2.4%	65.6M YoY-0.7%	66.1M YoY-2.0%
Balance Sheet	as ofJan 25 ’26	as ofJan 26 ’25	as ofJan 28 ’24	as ofJan 29 ’23	as ofJan 30 ’22	as ofJan 31 ’21
	655M YoY+11.9%	585M YoY+9.6%	534M YoY-26.1%	723M YoY+43.9%	502M YoY+5.8%	475M YoY+3.0%
Cash & equivalents	195M YoY+28.6%	152M YoY+18.0%	129M YoY-45.4%	236M YoY-15.8%	280M YoY+4.0%	269M YoY-8.3%
Accounts receivable	161M YoY-1.2%	163M YoY+21.0%	134M YoY-16.9%	162M YoY+126.1%	71.5M YoY+1.5%	70.4M YoY+13.7%
Inventory	196M YoY+19.6%	164M YoY+12.8%	145M YoY-30.2%	208M YoY+82.2%	114M YoY+30.3%	87.5M YoY+19.8%
Other current assets	88.2M YoY-6.2%	94.1M YoY-17.7%	114M YoY+2.4%	112M YoY+257.8%	31.2M YoY+20.8%	25.8M YoY+18.7%
	1.41B YoY-0.6%	1.42B YoY+3.3%	1.37B YoY-46.5%	2.57B YoY+127.2%	1.13B YoY+4.5%	1.08B YoY+2.8%
Property, plant & equipment	109M YoY-13.3%	126M YoY-17.9%	154M YoY-9.3%	169M YoY+25.5%	135M YoY+3.1%	131M YoY+5.2%
Operating lease right-of-use	23.5M YoY+7.9%	21.7M YoY-9.0%	23.9M YoY-25.0%	31.8M YoY+60.8%	19.8M YoY+21.1%	16.3M YoY+49.1%
Goodwill	458M YoY-14.1%	533M YoY-1.5%	541M YoY-57.8%	1.28B YoY+265.0%	351M YoY+0.0%	351M YoY+0.0%
Intangible assets	40.0M YoY+20.9%	33.1M YoY-6.9%	35.6M YoY-83.5%	215M YoY+3061.4%	6.80M YoY-42.1%	11.7M YoY-41.3%
Deferred tax assets	34.2M YoY-16.9%	41.1M YoY+128.3%	18.0M YoY-71.8%	63.8M YoY+129.4%	27.8M YoY+9.1%	25.5M YoY+26.8%
Other non-current assets	114M YoY+13.4%	100M YoY+10.1%	91.1M YoY-22.1%	117M YoY+8.4%	108M YoY+22.5%	88.1M YoY+15.8%
	276M YoY-2.5%	283M YoY+30.3%	217M YoY-45.3%	397M YoY+209.1%	128M YoY+17.2%	110M YoY+11.1%
Accounts payable	84.1M YoY+42.0%	59.2M YoY+31.5%	45.1M YoY-55.3%	101M YoY+98.6%	50.7M YoY+1.0%	50.2M YoY+4.5%
Accrued liabilities	192M YoY+7.6%	178M YoY+3.5%	172M YoY-32.0%	253M YoY+225.7%	77.7M YoY+30.9%	59.4M YoY+17.3%
Deferred revenue	14.2M YoY-10.5%	15.9M YoY-16.9%	19.1M YoY-28.7%	26.8M YoY+105.2%	13.0M YoY+232.6%	3.92M YoY-0.2%
Short-term & current debt	0.00 YoY-100.0%	45.6M	0.00 YoY-100.0%	43.1M	0.00	—
Current lease liability	6.06M YoY+0.9%	6.01M YoY-8.4%	6.56M YoY+5.7%	6.21M YoY+56.1%	3.98M YoY+0.1%	3.98M YoY+21.4%
Long-term debt	491M YoY-2.9%	506M YoY-63.1%	1.37B YoY+5.7%	1.30B YoY+655.5%	172M YoY-4.2%	179M YoY-8.0%
Deferred revenue (non-current)	11.7M YoY+8.3%	10.8M YoY+31.7%	8.20M YoY-3.5%	8.50M	—	—
Non-current lease liability	20.7M YoY+11.9%	18.5M YoY-16.0%	22.0M YoY-16.8%	26.5M YoY+59.8%	16.6M YoY+25.9%	13.2M YoY+60.9%
Operating lease liability (total)	26.8M YoY+9.2%	24.5M YoY-14.3%	28.6M YoY-12.5%	32.7M YoY+59.1%	20.6M YoY+19.9%	17.1M YoY+49.7%
Deferred tax liabilities	101K YoY-86.5%	750K YoY-9.5%	829K YoY-83.6%	5.07M YoY+347.4%	1.13M YoY+16.0%	976K YoY-72.9%
Other non-current liabilities	93.3M YoY+7.1%	87.1M YoY-5.3%	92.0M YoY-19.8%	115M YoY+24.8%	91.9M YoY-1.6%	93.4M YoY+19.4%
	550M YoY+1.3%	542M YoY+276.4%	-307M YoY-140.7%	756M YoY+2.5%	738M YoY+5.6%	699M YoY+3.2%
Common stock	1.04M YoY+5.4%	990K YoY+26.1%	785K YoY+0.0%	785K YoY+0.0%	785K YoY+0.0%	785K YoY+0.0%
Additional paid-in capital	1.47B YoY-0.2%	1.47B YoY+202.8%	485M YoY+3.0%	471M YoY-4.2%	492M YoY+3.8%	474M YoY+3.3%
Retained earnings	-436M YoY-10.2%	-396M YoY-69.2%	-234M YoY-127.2%	858M YoY+7.7%	797M YoY+18.7%	671M YoY+9.7%
Treasury stock	474M YoY-8.9%	521M YoY-6.5%	557M YoY-3.6%	578M YoY+5.1%	550M YoY+25.3%	439M YoY+13.1%
Accumulated other comprehensive income	-7.68M YoY+36.5%	-12.1M YoY-303.6%	-2.99M YoY-189.1%	3.36M YoY+261.9%	-2.08M YoY+74.6%	-8.17M YoY-32.5%
Non-controlling interest	—	0.00 YoY-100.0%	184K YoY+0.5%	183K YoY-4.2%	191K YoY-9.0%	210K YoY-14.6%
Total equity incl. non-controlling	550M YoY+1.3%	542M YoY+276.5%	-307M YoY-140.6%	756M YoY+2.5%	738M YoY+5.6%	699M YoY+3.2%
Total liabilities & equity	1.41B YoY-0.6%	1.42B YoY+3.3%	1.37B YoY-46.5%	2.57B YoY+127.2%	1.13B YoY+4.5%	1.08B YoY+2.8%
	104M YoY+5.3%	99.0M YoY+26.7%	78.1M YoY+0.0%	78.1M YoY+0.0%	78.1M YoY+0.0%	78.1M YoY+0.0%
	92.7M YoY+7.4%	86.3M YoY+33.9%	64.4M YoY+0.9%	63.9M YoY-0.4%	64.1M YoY-1.5%	65.1M YoY-1.0%
	93.0M YoY+7.5%	86.5M YoY+34.0%	64.6M YoY+1.1%	63.9M YoY-0.4%	64.1M YoY-1.7%	65.2M YoY-0.8%
Cash Flow	as ofJan 25 ’26	as ofJan 26 ’25	as ofJan 28 ’24	as ofJan 29 ’23	as ofJan 30 ’22	as ofJan 31 ’21
	181M YoY+212.4%	58.0M YoY+161.7%	-93.9M YoY-174.1%	127M YoY-37.6%	203M YoY+70.8%	119M YoY+0.3%
Depreciation & amortization	30.5M YoY-10.4%	34.1M YoY-22.9%	44.2M YoY+66.1%	26.6M YoY+2.4%	26.0M YoY+7.5%	24.2M YoY-38.9%
Intangible amortization	631K YoY-28.6%	884K YoY-94.1%	14.9M YoY+1716.4%	821K	0.00 YoY-100.0%	589K YoY-96.4%
Share-based compensation	57.7M YoY-15.2%	68.0M YoY+69.4%	40.2M YoY+2.3%	39.2M YoY-23.3%	51.2M YoY-3.4%	53.0M YoY+1.8%
Deferred income taxes	5.85M YoY+125.4%	-23.1M YoY-157.6%	40.0M YoY+363.3%	-15.2M YoY-615.4%	-2.12M YoY+73.5%	-8.01M YoY-43.2%
Change in inventory	30.7M YoY+64.2%	18.7M YoY+132.6%	-57.3M YoY-1627.4%	3.75M YoY-85.8%	26.5M YoY+83.0%	14.5M YoY+55.2%
Change in payables	22.5M YoY+53.5%	14.7M YoY+133.1%	-44.3M YoY-1099.5%	-3.70M YoY-72.4%	-2.15M YoY-160.2%	3.56M YoY+37.0%
	-38.8M YoY-226.1%	-11.9M YoY+47.6%	-22.7M YoY+98.2%	-1.25B YoY-2993.9%	-40.3M YoY+6.0%	-42.9M YoY-25.0%
Capital expenditure	9.78M YoY+24.4%	7.86M YoY-73.1%	29.2M YoY+3.0%	28.3M YoY+8.2%	26.2M YoY-20.0%	32.7M YoY+42.0%
Free cash flow	171M YoY+241.9%	50.1M YoY+140.7%	-123M YoY-225.1%	98.4M YoY-44.4%	177M YoY+105.3%	86.2M YoY-9.8%
Acquisitions	21.5M	0.00	0.00 YoY-100.0%	1.24B	0.00	0.00
Purchases of investments	0.00 YoY-100.0%	434K YoY-53.3%	930K YoY-86.2%	6.75M YoY-18.2%	8.24M YoY-24.6%	10.9M YoY-6.0%
Proceeds from sale of PP&E	8.00K YoY-91.8%	97.0K YoY-76.3%	410K YoY+978.9%	38.0K YoY-65.5%	110K YoY-71.4%	385K YoY+9.4%
	-101M YoY-366.6%	-21.7M YoY-305.3%	10.6M YoY-99.0%	1.08B YoY+807.8%	-152M YoY-51.4%	-100M YoY+2.5%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	181M YoY-58.9%	441M YoY+62.0%	272M	0.00	0.00	0.00
Common stock issued	0.00 YoY-100.0%	641M	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00 YoY-100.0%	50.0M YoY-61.5%	130M YoY+81.6%	71.4M YoY+1.7%
Dividends paid	0.00	0.00	0.00	0.00	0.00	0.00
Net change in cash	43.4M YoY+87.6%	23.2M YoY+121.7%	-107M YoY-142.5%	-44.1M YoY-511.7%	10.7M	—
Interest paid	16.3M YoY-77.5%	72.5M YoY-13.3%	83.6M YoY+611.6%	11.7M YoY+173.5%	4.29M YoY-12.0%	4.88M YoY-38.3%
Income taxes paid	4.08M YoY-48.9%	7.98M YoY-59.6%	19.8M YoY+90.6%	10.4M YoY+211.0%	3.33M YoY-60.3%	8.41M YoY-24.7%
Valuation Ratios	as ofJan 25 ’26	as ofJan 26 ’25	as ofJan 28 ’24	as ofJan 29 ’23	as ofJan 30 ’22	as ofJan 31 ’21
Market cap	7.45B YoY+34.8%	5.53B YoY+317.5%	1.32B YoY-37.5%	2.12B YoY-51.6%	4.37B YoY-5.2%	4.61B YoY+32.6%
P/E	260.9×	—	—	14.4× YoY-65.0%	41.0× YoY-58.0%	97.8× YoY+13.6%
P/S	7.3× YoY+11.8%	6.5× YoY+313.6%	1.6× YoY-42.2%	2.7× YoY-55.6%	6.1× YoY-24.7%	8.1× YoY+32.8%
P/B	13.2×	—	4.0× YoY+48.3%	2.7× YoY-56.1%	6.1× YoY-10.7%	6.8× YoY+35.3%
P/FCF	52.0× YoY-70.4%	175.6×	—	12.8× YoY-56.1%	29.1× YoY-29.1%	41.0× YoY+13.2%
	0.38%	—	—	7.0% YoY+185.4%	2.4% YoY+138.2%	1.0% YoY-12.0%
	1.9% YoY+237.5%	0.57%	—	7.8% YoY+127.6%	3.4% YoY+41.1%	2.4% YoY-11.6%
Source filing	10-K	10-K	10-K	10-K	10-K	10-K

About this data

Source: SMTC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SMTC filings on SEC EDGAR → Not investment advice.