Semtech (SMTC)
Market Price (4/15/2026): $90.61 | Market Cap: $8.4 BilSector: Information Technology | Industry: Semiconductors
Semtech (SMTC)
Market Price (4/15/2026): $90.61Market Cap: $8.4 BilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% Megatrend and thematic driversMegatrends include Artificial Intelligence, Smart Grids & Grid Modernization, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Show more. | Stock price has recently run up significantly12M Rtn12 month market price return is 234% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.7% Key risksSMTC key risks include [1] significant financial and operational strain from the Sierra Wireless acquisition, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Smart Grids & Grid Modernization, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Show more. |
| Stock price has recently run up significantly12M Rtn12 month market price return is 234% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.7% |
| Key risksSMTC key risks include [1] significant financial and operational strain from the Sierra Wireless acquisition, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Strong Fiscal Year 2026 Results and Optimistic Fiscal Year 2027 Outlook.
Semtech reported robust financial performance for its fourth quarter of fiscal year 2026 (ended January 25, 2026), with net sales of $274.4 million, surpassing analyst estimates of $273.14 million and marking a 9% year-over-year increase. The company's adjusted diluted earnings per share (EPS) for the quarter reached $0.44, exceeding the consensus estimate of $0.43. For the full fiscal year 2026, net sales hit a record $1.05 billion, representing a 15% year-over-year growth. Furthermore, Semtech provided strong guidance for the first quarter of fiscal year 2027, projecting net sales of approximately $283 million, exceeding analyst estimates of $273.6 million, and an adjusted diluted EPS of $0.45, also above estimates of $0.43. This performance marked the eighth consecutive quarter of net sales growth.
2. Accelerating Data Center Connectivity and AI Infrastructure Demand.
A significant driver of Semtech's stock appreciation was the accelerating demand in data center connectivity, particularly related to artificial intelligence (AI) infrastructure. The company achieved record data center net sales of $63 million in Q4 FY26, a 26% year-over-year increase, contributing to a record $223 million in data center revenues for the full fiscal year 2026, up 58% year-over-year. Management anticipates data center revenue to grow by over 50% year-over-year in fiscal year 2027, driven by the ramp-up of 1.6T FiberEdge solutions and the adoption of active copper cable (ACC) technology for burgeoning AI workloads. Semtech further highlighted its leadership in AI interconnects at OFC 2026 in March, demonstrating 224G and 448G solutions and launching a new 224Gbps IC family for the Linear Optics Era, catering to 800G, 1.6T, and higher densities in AI data centers.
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Stock Movement Drivers
Fundamental Drivers
The 22.3% change in SMTC stock from 12/31/2025 to 4/14/2026 was primarily driven by a 26.4% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.69 | 90.12 | 22.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,027 | 1,050 | 2.3% |
| P/S Multiple | 6.3 | 8.0 | 26.4% |
| Shares Outstanding (Mil) | 88 | 93 | -5.4% |
| Cumulative Contribution | 22.3% |
Market Drivers
12/31/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| SMTC | 22.3% | |
| Market (SPY) | -5.4% | 56.0% |
| Sector (XLK) | 2.8% | 63.2% |
Fundamental Drivers
The 26.1% change in SMTC stock from 9/30/2025 to 4/14/2026 was primarily driven by a 27.9% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 71.45 | 90.12 | 26.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 996 | 1,050 | 5.4% |
| P/S Multiple | 6.2 | 8.0 | 27.9% |
| Shares Outstanding (Mil) | 87 | 93 | -6.4% |
| Cumulative Contribution | 26.1% |
Market Drivers
9/30/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| SMTC | 26.1% | |
| Market (SPY) | -2.9% | 59.9% |
| Sector (XLK) | 5.1% | 64.3% |
Fundamental Drivers
The 162.0% change in SMTC stock from 3/31/2025 to 4/14/2026 was primarily driven by a 158.7% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.40 | 90.12 | 162.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 909 | 1,050 | 15.5% |
| P/S Multiple | 3.1 | 8.0 | 158.7% |
| Shares Outstanding (Mil) | 81 | 93 | -12.3% |
| Cumulative Contribution | 162.0% |
Market Drivers
3/31/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| SMTC | 162.0% | |
| Market (SPY) | 16.3% | 63.8% |
| Sector (XLK) | 43.9% | 68.3% |
Fundamental Drivers
The 273.3% change in SMTC stock from 3/31/2023 to 4/14/2026 was primarily driven by a 290.3% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.14 | 90.12 | 273.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 757 | 1,050 | 38.8% |
| P/S Multiple | 2.0 | 8.0 | 290.3% |
| Shares Outstanding (Mil) | 64 | 93 | -31.1% |
| Cumulative Contribution | 273.3% |
Market Drivers
3/31/2023 to 4/14/2026| Return | Correlation | |
|---|---|---|
| SMTC | 273.3% | |
| Market (SPY) | 63.3% | 53.5% |
| Sector (XLK) | 99.8% | 54.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SMTC Return | 23% | -68% | -24% | 182% | 19% | 16% | 18% |
| Peers Return | 53% | -19% | 27% | -13% | 8% | 25% | 85% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 81% |
Monthly Win Rates [3] | |||||||
| SMTC Win Rate | 58% | 25% | 50% | 67% | 58% | 75% | |
| Peers Win Rate | 63% | 35% | 60% | 35% | 47% | 75% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SMTC Max Drawdown | -19% | -71% | -53% | -16% | -61% | -4% | |
| Peers Max Drawdown | -2% | -34% | -10% | -22% | -33% | -4% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLAB, MCHP, ADI, NXPI, ON. See SMTC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/14/2026 (YTD)
How Low Can It Go
| Event | SMTC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -85.4% | -25.4% |
| % Gain to Breakeven | 585.0% | 34.1% |
| Time to Breakeven | 847 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -50.9% | -33.9% |
| % Gain to Breakeven | 103.7% | 51.3% |
| Time to Breakeven | 81 days | 148 days |
| 2018 Correction | ||
| % Loss | -33.6% | -19.8% |
| % Gain to Breakeven | 50.5% | 24.7% |
| Time to Breakeven | 437 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -58.1% | -56.8% |
| % Gain to Breakeven | 138.4% | 131.3% |
| Time to Breakeven | 707 days | 1,480 days |
Compare to SLAB, MCHP, ADI, NXPI, ON
In The Past
Semtech's stock fell -85.4% during the 2022 Inflation Shock from a high on 11/19/2021. A -85.4% loss requires a 585.0% gain to breakeven.
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About Semtech (SMTC)
AI Analysis | Feedback
Semtech is like a specialized Texas Instruments (TI), providing essential analog and mixed-signal chips that manage power, protect electronics, and enable high-speed data and specialized wireless communication for various electronic devices and infrastructure.
AI Analysis | Feedback
```html- Signal Integrity Products: These include optical data communications and video transport products, as well as integrated circuits for data centers, enterprise networks, and high-speed interface applications.
- Protection Products: These are filter and termination devices integrated with transient voltage suppressor devices to protect electronic systems from voltage spikes.
- Wireless and Sensing Products: This portfolio comprises specialized radio frequency products and specialized sensing products for industrial, medical, communications, and consumer applications.
- Power Products: These consist of various regulators, isolated switches, and wireless charging solutions that control, alter, regulate, and condition power within electronic systems.
AI Analysis | Feedback
nullAI Analysis | Feedback
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AI Analysis | Feedback
```htmlDr. Hong Q. Hou, President and Chief Executive Officer
Dr. Hou was appointed President and Chief Executive Officer of Semtech in June 2024, having served on Semtech's Board of Directors since July 2023. He possesses extensive experience in the semiconductor and hyperscale industries. Prior to Semtech, Dr. Hou was president of the Semiconductor Group at Brooks Automation, where he drove improvements in customer satisfaction and accelerated growth, operating in a leveraged buyout environment. He also served as corporate vice president and general manager of the Cloud and Edge Networking Group at Intel Corporation. Earlier in his career, he held executive leadership positions as Chief Operating Officer at AXT, Inc. and President and Chief Executive Officer at EMCORE Corporation, where he also served on the board of directors. Dr. Hou holds a Ph.D. in Electrical Engineering from the University of California, San Diego, and completed executive management coursework at Stanford Graduate School of Business.
Mark Lin, Executive Vice President and Chief Financial Officer
Mr. Lin joined Semtech in October 2023 as Executive Vice President and Chief Financial Officer. Before his tenure at Semtech, he served as vice president and corporate controller of MKS Instruments Inc. from November 2019 to October 2023. Prior to MKS Instruments, Mr. Lin spent from June 2005 to July 2019 at Microsemi, where he held various accounting and finance roles, including vice president, finance and corporate controller, a position he assumed in 2014. He earned a Bachelor of Arts in business-economics from the University of California, Los Angeles, and is a certified public accountant.
Asaf Silberstein, Executive Vice President and Chief Operating Officer
Mr. Silberstein was promoted to the role of Chief Operating Officer in March 2023, having previously served as executive vice president, worldwide operations and information technology. He joined Semtech in 2011 as vice president of operations. With over two decades of operations experience in the semiconductor industry, Mr. Silberstein's prior roles include vice president of operations and information technology at Microsemi Corporation and Chief Operating Officer at PowerDsine Ltd., which was acquired by Microsemi. He holds an MBA from Bar-Ilan University and an undergraduate degree from Ben-Gurion University of the Negev.
Jason Green, Executive Vice President and Chief Commercial Officer
Mr. Green was appointed Executive Vice President and Chief Commercial Officer, effective February 2025. He brings extensive experience in driving profitable growth and operational excellence within the semiconductor and technology sectors. Most recently, he was managing partner at Stratosphere Management, providing counsel on business transformation and growth strategies. His previous experience includes leading the go-to-market transformation at National Instruments (now part of Emerson) as executive vice president, chief revenue officer and business unit general manager. Mr. Green also spent two decades at Maxim Integrated (now part of Analog Devices), where he held senior commercial leadership positions, contributing significantly to its expansion. He holds a business degree from the University of Florida and completed the Advanced Management Program at Harvard Business School.
Imran Sherazi, Senior Vice President and General Manager, Signal Integrity Products Group
Mr. Sherazi assumed the role of Senior Vice President and General Manager of Semtech's Signal Integrity Products Group in September 2023. He previously served as vice president of business development and strategy within the same group. Since joining Semtech following its 2012 acquisition of Gennum Corporation, Mr. Sherazi has held numerous leadership positions in M&A and marketing. Before the acquisition, he led product marketing, definition, and strategy at Gennum Corporation. Mr. Sherazi holds a Bachelor of Engineering in Microelectronics from Brunel University London and is the holder of several U.S. patents.
```AI Analysis | Feedback
The key risks to Semtech's business include:
-
Cyclicality of the Semiconductor Industry and Dependence on AI Capital Expenditure: As a semiconductor company, Semtech is inherently exposed to the cyclical nature of the industry and fluctuating market dynamics. Any slowdown in capital expenditure from major hyperscalers for artificial intelligence (AI) infrastructure could significantly impact its Signal Integrity segment.
-
Integration Risks from Acquisitions: Semtech has faced challenges with past acquisitions, notably the Sierra Wireless acquisition in 2023, which resulted in a significant goodwill write-off and a reduction in gross profit margins. The company must also successfully integrate new technologies, such as the HieFo laser technology, without experiencing similar "indigestion" seen in previous deals.
-
Geopolitical Exposure and Supply Chain Risks: A significant portion of the global IoT supply chain, crucial for Semtech's wireless and sensing products, is concentrated in China. This exposure makes the company vulnerable to escalations in trade tensions and potential supply chain disruptions.
AI Analysis | Feedback
nullAI Analysis | Feedback
Semtech Corporation (SMTC) operates in several key addressable markets for its analog and mixed-signal semiconductor products and advanced algorithms. The market sizes for their main products and services are as follows:
Signal Integrity Products
- Optical Data Communications: The global optical communication systems and networking market was valued at USD 36.87 billion in 2025 and is projected to reach USD 74.21 billion by 2034, exhibiting a Compound Annual Growth Rate (CAGR) of 8.38% during the forecast period. Other estimates place the global optical data transmission devices market at approximately USD 10.5 billion in 2023, projected to reach around USD 22.7 billion by 2032 with a CAGR of 8.7%.
- Video Transport Products and Video-over-IP for Professional AV Applications: The global professional AV (Pro AV) market size was valued at USD 292.3 billion in 2025 and is projected to grow to USD 501.76 billion by 2034, with a CAGR of 6.19%. The global AV-over-IP market was valued at USD 28.24 billion in 2026 and is steadily progressing to USD 1,728.69 billion by 2035, growing at a CAGR of 57.94%.
- Integrated Circuits for Data Centers: The global data center interconnect (DCI) market is projected to reach USD 14.6 billion in 2025 and grow to USD 79.4 billion by 2034, at a CAGR of 20.7%. Another estimate valued the global data center interconnect market at USD 16.24 billion in 2025, growing to USD 42.45 billion by 2032 at a CAGR of 14.73%.
- Enterprise Networks: The global enterprise networking market size was estimated at USD 207.69 billion in 2024 and is projected to reach USD 385.45 billion by 2035, growing at a CAGR of 5.78%. Other analyses value the global enterprise networking market at USD 128.4 billion in 2025, projected to grow to USD 287.32 billion by 2034 with a CAGR of 9.36%.
- Passive Optical Networks (PON): The global passive optical network (PON) market size was valued at USD 17.61 billion in 2025 and is projected to grow to USD 60.52 billion by 2034, exhibiting a CAGR of 14.80%. The global passive optical network (PON) equipment market was valued at USD 35.72 billion in 2025 and is expected to grow at a CAGR of 10.27% from 2026 to 2032, reaching nearly USD 70.82 billion.
- High-Speed Interface Applications: The global high-speed interconnects market size was valued at USD 40.2 billion in 2024 and is expected to reach USD 87.6 billion by 2032, growing at a CAGR of 10.25%. The global interface IC market was valued at USD 3.1 billion in 2024 and is estimated to grow at a CAGR of 3.6% to reach USD 4.3 billion by 2034.
Protection Products
- Transient Voltage Suppressor (TVS) Devices: The global transient voltage suppressor diode market was valued at USD 3.01 billion in 2026 and is expected to climb to USD 4.57 billion by 2035, growing at a CAGR of 4.7% during the forecast period. Another source estimated the global transient voltage suppressor diode market at USD 1.0 billion in 2023, anticipated to reach USD 2.1 billion by 2032 with a CAGR of 8.1%.
Note: Specific market sizes for "filter and termination devices" were not explicitly identified.
Wireless and Sensing Products
- Specialized Radio Frequency Products: null
- Specialized Sensing Products: null
Note: Specific addressable market sizes for "specialized radio frequency products" and "specialized sensing products" were not explicitly identified within the provided search results beyond very broad categories.
Power Products
- Switching Voltage Regulators: The global switching commercial voltage regulator market was valued at USD 653.1 million in 2024 and is expected to reach USD 1.41 billion by 2034, growing at a CAGR of 8.1% from 2025 to 2034. The global switching voltage regulators market size has grown from USD 5.63 billion in 2025 to USD 6.09 billion in 2026 at a CAGR of 8.1%, and is expected to grow to USD 8.39 billion in 2030 at a CAGR of 8.4%.
- Linear Regulators: The global linear regulators (LDO regulators) market is anticipated to grow to USD 0.79 billion in 2025, with further expansion to USD 1.13 billion by 2034 at a CAGR of 4%. The global linear regulator ICs (LDOs) market is valued at USD 3.2 billion in 2025 and is set to reach USD 5.6 billion by 2035, recording a CAGR of 5.80% between 2025 and 2035.
- Wireless Charging: The global wireless charging market size was valued at USD 8.41 billion in 2024. The market is projected to grow from USD 10.15 billion in 2025 to USD 57.16 billion by 2034, exhibiting a CAGR of 21.2% during the forecast period. Another report calculated the global wireless charging market size at USD 23.60 billion in 2025 and predicted it to increase to approximately USD 192.06 billion by 2035, expanding at a CAGR of 23.33% from 2026 to 2035.
AI Analysis | Feedback
Semtech Corporation (SMTC) is poised for future revenue growth over the next two to three years, driven by several key strategic initiatives and market expansions. Here are the expected drivers of future revenue growth for Semtech: * Growth in High-Speed Data Center Interconnects: Semtech anticipates significant revenue growth from its signal integrity products, particularly those serving the data center market. The increasing demand for higher bandwidth in hyperscale data centers, driven by artificial intelligence (AI) and cloud computing, is fueling the adoption of 800G and the upcoming 1.6T and 3.2T optical transceivers. The company's focus on solutions like Linear Pluggable Optics (LPO) and Active Copper Cable (ACC) is expected to capture major design wins and contribute to this growth. * Expansion of LoRa Technology: Semtech's LoRa (Long Range) technology continues to be a crucial growth driver, with projections indicating annual growth of 15%-20% for the LoRa business. The technology is seeing expanded adoption across diverse applications, including smart metering, asset tracking, smart buildings, smart cities, and security. Recent collaborations, such as the agreement with Trident IoT for multi-protocol smart home solutions and LoRa's continued role in Amazon Sidewalk's international rollout, are expected to broaden its market reach and drive further revenue. * Advancements in 5G RedCap Modules and IoT Systems: The ongoing transition of the Internet of Things (IoT) from 4G to 5G is expected to generate growth for Semtech's IoT Systems and Connectivity segment. The company has completed certifications for 5G RedCap modules, which are now commercially available, and is observing strong design win momentum and expanding partnerships for routers, gateways, and AirLink services. * Strategic Acquisitions to Enhance Optical Solutions: Semtech's inorganic growth strategy, including the recent acquisition of Hyfo (HieFo), is aimed at bolstering its capabilities in high-bandwidth, low-power optical solutions. This acquisition specifically enhances Semtech's offerings for 1.6T and 3.2T architectures, allowing the company to provide more comprehensive component solutions, including lasers, for the evolving optical transceiver market. * Increased Penetration in Industrial and Infrastructure End-Markets: Beyond specific product lines, Semtech anticipates continued robust performance and growth within its broader industrial and infrastructure end-markets. This includes diversified applications within smart infrastructure, utilities, enterprise networks, and wireless base stations, where the company's analog and mixed-signal semiconductor products provide disruptive solutions and performance differentiation.AI Analysis | Feedback
Here's a summary of Semtech's capital allocation decisions over the last 3-5 years:Share Repurchases
- Semtech's Board of Directors approved an expansion of its stock repurchase program by an additional $350.0 million on March 11, 2021.
- As of January 26, 2025, the remaining authorization under the stock repurchase program was $209.4 million.
- The company did not repurchase any shares of its common stock under the program during fiscal year 2025.
Share Issuance
- Semtech completed an upsized follow-on offering of common stock in December 2024, generating gross proceeds of approximately $661 million from 10,496,032 shares, including the full exercise of the underwriters' overallotment option. The net proceeds were primarily intended for the repayment of certain indebtedness.
- In October 2025, Semtech announced a private offering of $350 million in 0% convertible senior notes due 2030. This offering, along with the issuance of approximately 5.2 million shares of common stock, was primarily used for the exchange of existing convertible senior notes due 2027 and 2028, and to repay a portion of term loans.
- Semtech's shares outstanding for the quarter ending October 31, 2025, increased by 16.41% year-over-year to 0.088 billion. Annually, shares outstanding for 2025 were 0.072 billion, an 11.66% increase from 2024.
Outbound Investments
- In August 2022, Semtech acquired Sierra Wireless, a provider of communication modules for IoT applications.
- In March 2026, Semtech acquired HieFo Corporation, a California-based private manufacturer of high-efficiency Indium Phosphide optoelectronic devices for optical transceivers, for approximately $34 million in cash. This acquisition aims to bolster U.S. technology supply chains and expand Semtech's data center portfolio.
- Semtech is focusing on divestitures of non-core assets to reduce leverage and optimize its portfolio, with components of the Sierra Wireless business expected to be sold in the first half of fiscal year 2025.
Capital Expenditures
- Quarterly purchases of property, plant & equipment were approximately $2.8 million or less in recent quarters, indicating a modest and disciplined capital intensity.
- For fiscal year 2025, Semtech's operating cash flow was $33.5 million and free cash flow was $30.9 million.
- In fiscal year 2025, Semtech's capital allocation priorities included strategic investment in research and development to accelerate innovation and drive long-term growth.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is ... Fall In Semtech (SMTC) Stock A Buying Opportunity? | 03/18/2026 | |
| Semtech Stock (+10%): 5G IoT Catalyst Meets Low Volume Squeeze | 02/03/2026 | |
| Semtech Earnings Notes | 12/29/2026 | |
| Is Semtech Stock Built to Withstand a Pullback? | 10/17/2025 | |
| Semtech Stock vs Competition: Who Wins? | 08/13/2025 | |
| Better Bet Than SMTC Stock: Pay Less Than Semtech To Get More From RTX, MU | 08/12/2025 | |
| Better Bet Than SMTC Stock: Pay Less Than Semtech To Get More From DAVE, MU | 08/12/2025 | |
| ARTICLES | ||
| Semtech Stock To $57? | 03/18/2026 | |
| Now Is Not The Time To Buy Semtech Stock | 06/10/2025 | |
| What’s Next For Semtech Corporation Stock After Rising 11% Last Week? | 09/08/2021 |
Trade Ideas
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| 03312026 | PANW | Palo Alto Networks | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03312026 | ALKT | Alkami Technology | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | DBX | Dropbox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | 0.0% |
| 03272026 | DLB | Dolby Laboratories | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03272026 | PTC | PTC | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03312023 | SMTC | Semtech | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 6.7% | 13.9% | -44.4% |
| 06302022 | SMTC | Semtech | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -47.9% | -53.7% | -67.1% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 150.00 |
| Mkt Cap | 34.6 |
| Rev LTM | 5,184 |
| Op Inc LTM | 514 |
| FCF LTM | 1,119 |
| FCF 3Y Avg | 1,279 |
| CFO LTM | 1,335 |
| CFO 3Y Avg | 1,808 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.4% |
| Rev Chg 3Y Avg | -3.6% |
| Rev Chg Q | 12.4% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 21.3% |
| QoQ Delta Op Mgn LTM | 1.1% |
| CFO/Rev LTM | 21.9% |
| CFO/Rev 3Y Avg | 25.3% |
| FCF/Rev LTM | 18.7% |
| FCF/Rev 3Y Avg | 16.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 34.6 |
| P/S | 8.4 |
| P/EBIT | 32.5 |
| P/E | -40.4 |
| P/CFO | 39.0 |
| Total Yield | 1.0% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 12.2% |
| 3M Rtn | 18.3% |
| 6M Rtn | 39.3% |
| 12M Rtn | 100.2% |
| 3Y Rtn | 27.3% |
| 1M Excs Rtn | 7.2% |
| 3M Excs Rtn | 16.2% |
| 6M Excs Rtn | 40.6% |
| 12M Excs Rtn | 70.2% |
| 3Y Excs Rtn | -41.7% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Internet of things (IoT) Systems and Connectivity | 431 | 5 | |||
| Analog Mixed Signal and Wireless | 260 | 443 | |||
| Signal Integrity | 177 | 298 | 291 | ||
| Internet of things (IoT) System Products Group | 10 | 143 | |||
| Advanced Sensing and Protection Products Group | 307 | ||||
| High-Performance Analog Group | 433 | ||||
| System Protection Group | 162 | ||||
| Semiconductor Products Group | 548 | ||||
| Total | 869 | 757 | 741 | 595 | 548 |
Price Behavior
| Market Price | $90.12 | |
| Market Cap ($ Bil) | 8.4 | |
| First Trading Date | 03/17/1992 | |
| Distance from 52W High | -6.4% | |
| 50 Days | 200 Days | |
| DMA Price | $84.56 | $69.47 |
| DMA Trend | up | up |
| Distance from DMA | 6.6% | 29.7% |
| 3M | 1YR | |
| Volatility | 64.7% | 59.7% |
| Downside Capture | 0.61 | 1.03 |
| Upside Capture | 315.85 | 302.46 |
| Correlation (SPY) | 50.7% | 56.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.61 | 3.00 | 2.80 | 2.84 | 2.19 | 2.44 |
| Up Beta | 4.96 | 2.34 | 2.30 | 2.69 | 1.69 | 2.05 |
| Down Beta | 5.79 | 3.52 | 2.26 | 2.40 | 2.43 | 2.37 |
| Up Capture | 215% | 375% | 452% | 568% | 809% | 9471% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 20 | 31 | 63 | 131 | 385 |
| Down Capture | 249% | 221% | 225% | 204% | 155% | 113% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 22 | 32 | 63 | 120 | 363 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SMTC | |
|---|---|---|---|---|
| SMTC | 246.2% | 59.5% | 2.32 | - |
| Sector ETF (XLK) | 53.2% | 21.1% | 1.92 | 62.1% |
| Equity (SPY) | 24.2% | 12.9% | 1.49 | 56.8% |
| Gold (GLD) | 53.4% | 27.6% | 1.55 | 2.8% |
| Commodities (DBC) | 26.8% | 16.2% | 1.47 | -3.2% |
| Real Estate (VNQ) | 18.7% | 13.8% | 1.00 | 17.2% |
| Bitcoin (BTCUSD) | -6.8% | 42.9% | -0.05 | 22.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SMTC | |
|---|---|---|---|---|
| SMTC | 6.0% | 61.3% | 0.35 | - |
| Sector ETF (XLK) | 17.3% | 24.7% | 0.63 | 56.0% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 53.4% |
| Gold (GLD) | 22.5% | 17.8% | 1.03 | 8.5% |
| Commodities (DBC) | 11.7% | 18.8% | 0.51 | 11.8% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 34.2% |
| Bitcoin (BTCUSD) | 5.8% | 56.5% | 0.32 | 22.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SMTC | |
|---|---|---|---|---|
| SMTC | 15.5% | 52.8% | 0.49 | - |
| Sector ETF (XLK) | 22.3% | 24.3% | 0.84 | 60.4% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 57.6% |
| Gold (GLD) | 14.3% | 15.9% | 0.75 | 4.8% |
| Commodities (DBC) | 8.8% | 17.6% | 0.42 | 19.2% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 37.8% |
| Bitcoin (BTCUSD) | 67.7% | 66.9% | 1.07 | 16.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/16/2026 | -11.0% | -14.0% | |
| 11/24/2025 | 2.5% | 4.9% | 8.2% |
| 8/25/2025 | 15.1% | 13.3% | 17.3% |
| 5/27/2025 | -4.6% | -1.7% | 17.6% |
| 3/13/2025 | 21.1% | 24.2% | -18.7% |
| 11/25/2024 | 18.1% | 25.3% | 22.9% |
| 8/27/2024 | 11.2% | 11.3% | 24.2% |
| 3/28/2024 | 6.8% | 18.4% | 34.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 15 |
| # Negative | 9 | 9 | 8 |
| Median Positive | 6.8% | 7.8% | 17.3% |
| Median Negative | -5.3% | -9.3% | -18.6% |
| Max Positive | 21.1% | 28.7% | 34.8% |
| Max Negative | -27.1% | -33.1% | -39.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/23/2026 | 10-K |
| 10/31/2025 | 11/25/2025 | 10-Q |
| 07/31/2025 | 08/26/2025 | 10-Q |
| 04/30/2025 | 05/29/2025 | 10-Q |
| 01/31/2025 | 03/25/2025 | 10-K |
| 10/31/2024 | 12/03/2024 | 10-Q |
| 07/31/2024 | 08/28/2024 | 10-Q |
| 04/30/2024 | 06/05/2024 | 10-Q |
| 01/31/2024 | 03/28/2024 | 10-K |
| 10/31/2023 | 12/06/2023 | 10-Q |
| 07/31/2023 | 09/13/2023 | 10-Q |
| 04/30/2023 | 06/07/2023 | 10-Q |
| 01/31/2023 | 03/30/2023 | 10-K |
| 10/31/2022 | 11/30/2022 | 10-Q |
| 07/31/2022 | 08/31/2022 | 10-Q |
| 04/30/2022 | 06/01/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2026 Earnings Reported 3/16/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Revenue | 278.00 Mil | 283.00 Mil | 288.00 Mil | 3.7% | Higher New | Actual: 273.00 Mil for Q4 2026 | |
| Q1 2027 Adjusted gross margin | 52.3% | 52.8% | 53.3% | 3.1% | 1.6% | Higher New | Actual: 51.2% for Q4 2026 |
| Q1 2027 Adjusted operating expenses, net | 95.90 Mil | 96.90 Mil | 97.90 Mil | 6.2% | Higher New | Actual: 91.20 Mil for Q4 2026 | |
| Q1 2027 Operating Income | 49.50 Mil | 52.50 Mil | 55.50 Mil | 8.0% | Higher New | Actual: 48.60 Mil for Q4 2026 | |
| Q1 2027 Operating Margin | 17.9% | 18.6% | 19.3% | 4.5% | 0.8% | Higher New | Actual: 17.8% for Q4 2026 |
| Q1 2027 EPS | 0.42 | 0.45 | 0.48 | 4.6% | Higher New | Actual: 0.43 for Q4 2026 | |
| Q1 2027 Adjusted EBITDA | 56.50 Mil | 59.50 Mil | 62.50 Mil | 6.2% | Higher New | Actual: 56.00 Mil for Q4 2026 | |
| 2027 Adjusted normalized tax rate | 17.0% | ||||||
Prior: Q3 2026 Earnings Reported 11/24/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | 268.00 Mil | 273.00 Mil | 278.00 Mil | 2.6% | Higher New | Guidance: 266.00 Mil for Q3 2026 | |
| Q4 2026 Adjusted Gross Margin | 50.7% | 51.2% | 51.7% | -3.4% | -1.8% | Lower New | Guidance: 53.0% for Q3 2026 |
| Q4 2026 Operating Income | 45.60 Mil | 48.60 Mil | 51.60 Mil | -6.9% | Lower New | Guidance: 52.20 Mil for Q3 2026 | |
| Q4 2026 Operating Margin | 17.0% | 17.8% | 18.6% | -9.2% | -1.8% | Lower New | Guidance: 19.6% for Q3 2026 |
| Q4 2026 EPS | 0.4 | 0.43 | 0.46 | -2.3% | Lower New | Guidance: 0.44 for Q3 2026 | |
| Q4 2026 Adjusted EBITDA | 53.00 Mil | 56.00 Mil | 59.00 Mil | -6.7% | Lower New | Guidance: 60.00 Mil for Q3 2026 | |
| Q4 2026 Adjusted EBITDA Margin | 19.7% | 20.5% | 21.3% | -8.9% | -2.0% | Lower New | Guidance: 22.5% for Q3 2026 |
| Q4 2026 Adjusted Operating Expenses | 90.20 Mil | 91.20 Mil | 92.20 Mil | 2.7% | Higher New | Guidance: 88.80 Mil for Q3 2026 | |
| Q4 2026 Total semiconductor products gross margin | 60.0% | 60.5% | 61.0% | ||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lin, Mark | EVP and CFO | Direct | Sell | 1062026 | 76.20 | 1,333 | 101,575 | 1,407,947 | Form |
| 2 | Walsh, Paul V Jr | Direct | Sell | 12192025 | 71.61 | 500 | 35,805 | 1,846,034 | Form | |
| 3 | Silberstein, Asaf | EVP and COO | Direct | Sell | 12092025 | 79.64 | 10,500 | 836,246 | 7,446,253 | Form |
| 4 | Hou, Hong Q | President and CEO | Direct | Sell | 12052025 | 74.08 | 10,000 | 740,768 | 1,597,022 | Form |
| 5 | Walsh, Paul V Jr | Direct | Sell | 11212025 | 63.08 | 500 | 31,540 | 1,657,679 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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