Semtech Income Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 26, 2025	Jan '25 Jan 26, 2025	Jan '24 Jan 28, 2024	Jan '23 Jan 29, 2023	Jan '22 Jan 30, 2022	Jan '21 Jan 31, 2021
Revenue	1,027	909.29	868.76	756.53	740.86	595.12
Revenue Growth (YoY)	20.60%	4.67%	14.83%	2.12%	24.49%	8.70%
Cost of Revenue	483.35	443.65	446.14	271.1	274.78	231.57
Gross Profit	543.28	465.63	422.62	485.44	466.08	363.55
Selling, General & Admin	216.56	222.37	220.22	162.08	168.21	163.07
Research & Development	191.79	170.91	186.45	155.94	147.93	117.53
Amortization of Goodwill & Intangibles	9.49	9.99	48.63	6.48	4.94	8.27
Operating Expenses	417.84	403.27	455.3	324.5	321.08	288.86
Operating Income	125.44	62.37	-32.68	160.94	145	74.69
Interest Expense	-56.25	-90.07	-95.81	-17.65	-5.09	-5.34
Interest & Investment Income	2.49	2.3	3.05	5.8	1.47	2.54
Earnings From Equity Investments	0.42	-0.55	0.05	0.25	2.12	0.33
Other Non Operating Income (Expenses)	-2.59	0.27	-0.54	-1.33	-0.99	-2.41
EBT Excluding Unusual Items	69.51	-25.68	-125.94	148.01	142.51	69.8
Merger & Restructuring Charges	-3.89	-4.94	-24.63	-86.46	-	0.24
Impairment of Goodwill	-49.48	-7.49	-755.62	-	-	-
Gain (Loss) on Sale of Investments	-	-1.11	-3.93	-1.16	-1.34	-6.77
Gain (Loss) on Sale of Assets	-	-	-	18.31	-	-
Asset Writedown	-	-	-131.39	-	-	-
Other Unusual Items	-	-144.69	-	-	0.01	0.03
Pretax Income	16.14	-183.91	-1,042	78.72	141.18	63.3
Income Tax Expense	-12.42	-22.01	50.52	17.34	15.54	3.44
Earnings From Continuing Operations	28.56	-161.9	-1,092	61.37	125.65	59.87
Minority Interest in Earnings	-	-	-0	0.01	0.02	0.04
Net Income	28.56	-161.9	-1,092	61.38	125.66	59.9
Net Income to Common	28.56	-161.9	-1,092	61.38	125.66	59.9
Net Income Growth	-	-	-	-51.15%	109.78%	87.96%
Shares Outstanding (Basic)	86	72	64	64	65	65
Shares Outstanding (Diluted)	86	72	64	64	66	66
Shares Change (YoY)	26.93%	11.66%	0.18%	-2.37%	-0.75%	-2.02%
EPS (Basic)	0.33	-2.26	-17.03	0.96	1.94	0.92
EPS (Diluted)	0.33	-2.26	-17.03	0.96	1.92	0.91
EPS Growth	-	-	-	-50.00%	110.99%	93.62%
Free Cash Flow	143.19	50.13	-123.11	98.39	176.94	86.2
Free Cash Flow Per Share	1.67	0.70	-1.92	1.54	2.70	1.30
Gross Margin	52.92%	51.21%	48.65%	64.17%	62.91%	61.09%
Operating Margin	12.22%	6.86%	-3.76%	21.27%	19.57%	12.55%
Profit Margin	2.78%	-17.80%	-125.70%	8.11%	16.96%	10.07%
Free Cash Flow Margin	13.95%	5.51%	-14.17%	13.00%	23.88%	14.48%
EBITDA	165.41	105.58	45.29	193.09	175.9	106.55
EBITDA Margin	16.11%	11.61%	5.21%	25.52%	23.74%	17.90%
D&A For EBITDA	39.98	43.21	77.97	32.15	30.89	31.87
EBIT	125.44	62.37	-32.68	160.94	145	74.69
EBIT Margin	12.22%	6.86%	-3.76%	21.27%	19.57%	12.55%
Effective Tax Rate	-	-	-	22.03%	11.01%	5.43%
Advertising Expenses	-	0.9	1.5	1.5	1.8	1

Updated Nov 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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