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	610.45	452.76	572.51	277.98	554.5	470.81
Gross Profit	534.38	456.53	296.25	478.56	461.14	355.87
Selling, General & Admin	216.56	222.37	220.22	224.81	168.21	162.83
Depreciation & Amortization Expenses	0.59	0.88	14.91	0.82	-	0.59
Research & Development	191.79	170.91	186.45	166.95	147.93	117.53
Other Operating Expenses	53.37	12.43	818.99	-6.82	-0.01	-0.03
Total Operating Expenses	462.31	406.59	1,241	385.76	316.12	280.92
Operating Income	72.07	49.93	-944.32	92.8	145.02	74.96
Interest Income	2.49	2.3	3.05	5.8	1.47	2.54
Interest Expense	-56.25	-90.07	-95.81	-17.65	-5.09	-5.34
Other Non-Operating Income (Expense)	-3.27	-145.53	-4.47	-2.49	-2.33	-9.18
Total Non-Operating Income (Expense)	-57.02	-233.3	-97.23	-14.33	-5.95	-11.98
Pretax Income	15.73	-183.36	-1,042	78.47	139.07	62.98
Provision for Income Taxes	12.42	22.01	-50.52	-17.34	-15.54	-3.44
Net Income	28.52	-161.9	-1,092	61.38	125.66	59.9
Minority Interest in Earnings	-	-	0	-0.01	-0.02	-0.04
Net Income to Common	28.52	-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)	89	72	64	64	66	66
Shares Change (YoY)	31.47%	11.66%	0.18%	-2.37%	-0.75%	-2.02%
EPS (Basic)	0.36	-2.26	-17.03	0.96	1.94	0.92
EPS (Diluted)	0.31	-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 Growth	185.66%	-	-	-44.40%	105.28%	-9.80%
Free Cash Flow Per Share	1.62	0.70	-1.92	1.54	2.70	1.30
Gross Margin	52.05%	50.21%	34.10%	63.26%	62.24%	59.80%
Operating Margin	7.02%	5.49%	-108.70%	12.27%	19.57%	12.60%
Profit Margin	2.78%	-17.80%	-125.70%	8.11%	16.96%	10.06%
FCF Margin	13.95%	5.51%	-14.17%	13.01%	23.88%	14.48%
EBITDA	118.42	99.31	-859.87	129.69	180.32	110.81
EBITDA Margin	11.53%	10.92%	-98.98%	17.14%	24.34%	18.62%
EBIT	72.07	49.93	-944.32	92.8	145.02	74.96
EBIT Margin	7.02%	5.49%	-108.70%	12.27%	19.57%	12.60%
Effective Tax Rate	78.98%	-12.00%	4.85%	-22.10%	-11.17%	-5.46%

Updated Nov 24, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q