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Semtech Corporation

Rank #147StartupWatchlistCompare with other stocks

SMTC · Nasdaq · Technology

Semtech Corporation (SMTC) — Rank #147 by gross profitability (GP/assets 0.38) · ROE -7.3% · Piotroski F-Score 7 / 9.

As-of 2026-10-30 · 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

Company Snapshot

P/S is the primary valuation lens for pre-profit companies.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,920

Industry

Semiconductors

Exchange

Nasdaq

10/12

Flags passed

SMTC fails 1 critical flag

Passes 10 of 12 quality flags, 1 caution

  • FAIL
    Operating margin declining

    Operating margin lower than prior year

  • CAUTION
    Dilution above 2%

    Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

  • PASS
    Gross margin holding
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.38
Return on equity
-7.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.51
Current ratio
2.37×
Net cash
-$328.67M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
5.5%

Growth

1/2 pass
Revenue growth
15.5%
Piotroski F-Score
7 / 9
Share dilution
23.4%

Burn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.

Profitability

Does it make money well?

Warning: Operating margin declining · GP/assets 80th percentile of 21 SIC 3674 peers

Gross profitability (GP / assets)

0.38

Primary signal (Novy-Marx).

80th pctl of 21 SIC 3674 peers

Return on equity

-7.3%

Gross margin

51.6%

40th pctl of 21 SIC 3674 peers

Revenue growth (YoY)

15.5%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
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%

Cash Flow Health

Is the cash real?

No warning flags · FCF 524% above net income

Free cash flow

$171.38M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

524.5%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

5.5%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

Caution: Dilution above 2% · net debt $328.67M, F-Score 7/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.51

0th pctl of 20 SIC 3674 peers (best = lowest)

Current ratio

2.37×

30th pctl of 21 SIC 3674 peers

Quick ratio

1.24×

Net cash

-$328.67M

Cash & equivalents minus total debt.

Piotroski F-Score

7 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

2.7 / 5

Fair
Share count trend
23.4%0/5 Weak
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
6.5%5/5 Strong

Lifecycle Phase History

20212026
Capital Return
Hypergrowth
Startup

Price History

SMTC+143.5% · +19.4% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports