Semtech (SMTC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Semtech

NasdaqGS•Technology•Semiconductors

$167.24+8.11(0.05%)Market closed

Market Cap

$17.26B

P/E

112.0x

P/S

14.7x

P/B

23.0x

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.

How this company scores

GoodMetricSide Score: 79/100

Strongest: Growth (22/25); weakest: Cash & Earnings Quality (17/25).

Profitability21/25

Growth22/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality17/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 112.0x5y range 12.1x – 208.1x

Currently above its 9-quarter median.

P/S · 14.7x5y range 1.1x – 14.7x

Currently above its 20-quarter median.

P/B · 23.0x5y range 1.7x – 23.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -2.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $17.26B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.17B
Q. Revenue: $341.87M
TTM EBITDA: $123.40M
TTM Op. Income: $94.35M
Q. Op. Income: $55.77M
TTM Net Income: $154.03M
Q. Net Income: $160.12M
EPS: $1.72
Shares Out.: $93.28M

$1.17B in TTM revenue grew 17.8% YoY, reaching $341.87M last quarter. TTM EBITDA of $123.40M and TTM operating income of $94.35M show growth is flowing through to the bottom line. TTM net income of $154.03M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 53.8%
EBITDA Margin: 19.2%
Op. Margin: 16.3%
Net Margin: 46.8%

Op. margin of 16.3% is up 22.6% YoY — cost efficiency is improving. Net margin at 46.8% and gross margin of 53.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 112.0x
P/S Ratio: 14.7x
P/B Ratio: 23.0x

At 112.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 14.7x and P/B of 23.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.65B
Cash: $204.05M
Long-Term Debt: $349.37M
Book Value: $748.87M
D/E Ratio: 0.5
Debt/EBITDA: 5.3

With $1.65B in assets and $349.37M in long-term debt, D/E is 0.5and book value is $748.87M — a conservative capital structure with a cushion to weather downturns. Across the last 7 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $68.89M
TTM Free Cash Flow: $193.11M
FCF Margin: 16.4%
FCF / Net Income: 1.3

TTM FCF of $193.11M on $68.89M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.