Semtech Corporation
Rank #152StartupSMTC · Nasdaq · Technology
Semtech Corporation (SMTC) — Rank #152 by gross profitability (GP/assets 0.38) · ROE -7.3% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0000088941 · all metrics point-in-time as of the filing date.
About
Semtech Corporation provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.
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The company operates in three segments: Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity. It provides signal integrity products, including a portfolio of optical and copper data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. The company also offers analog mixed signal and wireless products; protection devices, such as filter and termination devices which protect electronic systems from voltage spikes; and designs, develops, manufactures, and markets radio frequency products used in industrial, medical, and communications applications, as well as specialized sensing products. In addition, it provides switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging related products. Further, the company offers a portfolio of IoT systems and connectivity solutions, such as modules, gateways, routers, and connected services, including wireless connectivity and cloud-based services for industrial, medical, and communications applications. It serves original equipment manufacturers, solution providers, commercial applications, infrastructure, high-end consumer, and industrial end markets. The company sells its products through direct sales personnel, independent sales representative firms, and independent distributors.
Semtech Corporation was incorporated in 1960 and is headquartered in Camarillo, California.
- Industry
- Semiconductors
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- January 31
- Website
- semtech.com
Price History
Company Snapshot
P/S is the primary valuation lens for pre-profit companies.
Market Cap
$13.99B
P/E (annual)
—
P/S (annual)
13.3
P/B
25.5
P/OCF (annual)
77.2
Shareholder Yield
-23.4%
Employees
1,920
Industry
Semiconductors
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
26.3%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 23.4% — per-share value needs a total required return of 49.7% once share-count change is priced in.
vs. own 6-year median revenue growth: 11.8%
priced above its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
20.9%
r = 10% (base)
26.3%
r = 12%
30.9%
Net debt / market cap: 2.5%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Burn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.
Profitability
Gross profitability (GP / assets)
0.38
Primary signal (Novy-Marx).
4th of 17 SIC 3674 peers
Return on equity
-7.3%
Gross margin
51.6%
10th of 17 SIC 3674 peers
Revenue growth (YoY)
15.5%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
11.5%
Revenue CAGR (5Y)
12.0%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
20.3%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.51
16th of 16 SIC 3674 peers (best = lowest)
Current ratio
2.37×
14th of 17 SIC 3674 peers
Quick ratio
1.24×
Net cash
-$328.67M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$171.38M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
5.24
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
5.5%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).
Lifecycle Phase History
Lynch sell alert: Turnaround stalled
Classified startup for 2 consecutive fiscal years (2025-01-26, 2026-01-25) with no recovery to a healthier phase -- Lynch's turnaround rule: if it hasn't turned around by now, assume it isn't going to.