SMTC · NasdaqGS
Semtech Corporation
Semiconductors · United States
- Market cap (USD)
- US$17.27B
- Trailing P/E
- 121.71x
- Forward P/E
- 31.70x
- Quarterly revenue growth
- 32.7%
- Trailing net margin
- 13.1%
- Indicated dividend yield
- —
Snapshot 2026-09-20 · Latest financial period 2026-07-26 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-11-23 (provider estimate, not issuer-confirmed).
Company background
Semtech Corporation provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe. 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.
Company websiteQ2 FY2027
Go beyond the headline.
Semtech (SMTC) Q2 FY2027: Paid $1.24B, Selling It For $62M
Published 2026-08-27
Comparable businesses
SMTC peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | SMTCSemtech CorporationSnapshot 2026-09-20Financial period: 2026-07-26 |
|---|---|
| Market capMarket value, converted to USD | US$17.27B |
| Forward P/EProvider forward earnings estimate | 31.70x |
| EV / EBITDAEnterprise value / trailing EBITDA | 98.06x |
| Revenue growthLatest quarter vs prior-year quarter | 32.7% |
| Operating marginLatest reported quarter | 16.2% |
| Free cash flow yieldTrailing cash flow / market cap | 0.8% |
| Net debt / EBITDANet debt / trailing EBITDA | 1.79x |
| Debt / equityTotal debt / positive book equity | 0.70x |
| Trailing P/ETrailing twelve-month earnings | 121.71x |
| Price / bookPrice / positive book equity per share | 30.05x |
| EV / salesEnterprise value / trailing revenue | 14.98x |
| Earnings growthLatest quarter vs prior-year quarter | — |
| Gross marginTrailing twelve months | 52.9% |
| Net marginTrailing twelve months | 13.1% |
| Return on equityProvider trailing return; positive equity only | 23.7% |
| Free cash flow marginTrailing free cash flow / revenue | 11.3% |
| Dividend yieldIndicated annual dividend / price | — |
| Earnings payoutProvider trailing dividend payout | 0.0% |
| Current ratioCurrent assets / current liabilities | 1.70x |
| BetaProvider historical market sensitivity | 2.35 |
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for SMTC
Q2 FY20272026-08-27
Semtech (SMTC) Q2 FY2027: Paid $1.24B, Selling It For $62M
Presentation · 2026-08-27 · YouTube
Q1 FY20272026-05-26
SMTC Stock: BUY Call - Record Q1 + Data Center Inflection Q1 FY2027
Presentation · 2026-05-26 · YouTube