How Semtech makes money

Period

FY2026

How does Semtech make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Semtech Corporation · FY2026 · year ended 2026-01-25

Revenue$1.0BNet loss$40M · 4%Cost of revenue$508M · 48%Gross profit$542M · 52%Operating expenses$510M · 49%R&D$196M · 19%SG&A$222M · 21%Other opex$91M · 9%Income tax$20M · 2%Other expense$53M · 5%Product$942M · 90%Service$108M · 10%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.