Semtech Income Statement

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

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 25, 2026	Jan '25 Jan 26, 2025	Jan '24 Jan 28, 2024	Jan '23 Jan 29, 2023	Jan '22 Jan 30, 2022
Revenue	1,050	909.29	868.76	756.53	740.86
Revenue Growth (YoY)	15.47%	4.67%	14.83%	2.12%	24.49%
Cost of Revenue	507.83	452.76	572.51	277.98	554.5
Gross Profit	542.14	456.53	296.25	478.56	461.14
Selling, General & Admin	221.85	222.37	220.22	224.81	168.21
Depreciation & Amortization Expenses	0.63	0.88	14.91	0.82	-
Research & Development	196.35	170.91	186.45	166.95	147.93
Other Operating Expenses	90.75	12.43	818.99	-6.82	-0.01
Total Operating Expenses	509.58	406.59	1,241	385.76	316.12
Operating Income	32.57	49.93	-944.32	92.8	145.02
Interest Income	2.52	2.3	3.05	5.8	1.47
Interest Expense	-40.62	-90.07	-95.81	-17.65	-5.09
Other Non-Operating Income (Expense)	-15.65	-145.53	-4.47	-2.49	-2.33
Total Non-Operating Income (Expense)	-53.75	-233.3	-97.23	-14.33	-5.95
Pretax Income	-21.18	-183.36	-1,042	78.47	139.07
Provision for Income Taxes	-19.83	22.01	-50.52	-17.34	-15.54
Net Income	-40.38	-161.9	-1,092	61.38	125.66
Minority Interest in Earnings	-	-	0	-0.01	-0.02
Net Income to Common	-40.38	-161.9	-1,092	61.38	125.66
Net Income Growth	-	-	-	-51.15%	109.78%
Shares Outstanding (Basic)	88	72	64	64	65
Shares Outstanding (Diluted)	88	72	64	64	66
Shares Change (YoY)	23.42%	11.66%	0.18%	-2.37%	-0.75%
EPS (Basic)	-0.46	-2.26	-17.03	0.96	1.94
EPS (Diluted)	-0.46	-2.26	-17.03	0.96	1.92
EPS Growth	-	-	-	-50.00%	110.99%
Shares Outstanding	92.67	86.27	64.42	63.87	64.1
Free Cash Flow	171.39	50.13	-123.11	98.39	176.94
Free Cash Flow Growth	241.91%	-	-	-44.40%	105.28%
Free Cash Flow Per Share	1.94	0.70	-1.92	1.54	2.70
Gross Margin	51.63%	50.21%	34.10%	63.26%	62.24%
Operating Margin	3.10%	5.49%	-108.70%	12.27%	19.57%
Profit Margin	-3.85%	-17.80%	-125.70%	8.11%	16.96%
FCF Margin	16.32%	5.51%	-14.17%	13.01%	23.88%
EBITDA	78.89	99.31	-859.87	129.69	180.32
EBITDA Margin	7.51%	10.92%	-98.98%	17.14%	24.34%
EBIT	32.57	49.93	-944.32	92.8	145.02
EBIT Margin	3.10%	5.49%	-108.70%	12.27%	19.57%
Effective Tax Rate	93.64%	-12.00%	4.85%	-22.10%	-11.17%

Updated Mar 16, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q