Semtech
Designs data-center connectivity chips, LoRa radios, protection devices, and cellular IoT systems.
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Profile
Designs semiconductors for optical and copper data-center links, LoRa wireless IoT, circuit protection, power management, and professional video, while selling cellular IoT hardware and managed connectivity. Most manufacturing is outsourced, sales are concentrated in China, and an agreed sale of the cellular module business would narrow the portfolio toward data-center and LoRa connectivity.
Designs high-performance semiconductors for data-center networking, LoRa wireless IoT, circuit protection, power management, and professional video, while supplying cellular IoT modules, routers, gateways, and managed connectivity services. Signal Integrity products include optical and copper interfaces; Analog Mixed Signal and Wireless spans LoRa radios, protection and power devices, and video-over-IP; IoT Systems and Connectivity covers cellular hardware and connected services.
Serves infrastructure, industrial, and high-end consumer equipment makers worldwide. Competes through analog and mixed-signal engineering, customer design-ins, and a mostly outsourced manufacturing network, supplemented by HieFo's in-house optoelectronic-device production.
Has agreed to sell the cellular module business, subject to closing conditions, concentrating resources on data-center and LoRa connectivity. Sales are concentrated in China, while production depends substantially on third-party foundries, assembly, test, and electronics-manufacturing partners.
Company facts
Key statistics
Year to date +74.3% · Average volume (30d) 2.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 27, 2026 | Robert W. Baird | Target | $225 | $300 | |
| Aug 27, 2026 | Northland Securities | Target | $53 | $182 | |
| Aug 26, 2026 | Morgan Stanley | Target | $175 | $195 | |
| Aug 26, 2026 | Roth Capital | Target | $190 | $220 | |
| Aug 26, 2026 | UBS | Reiterate | Buy | $225 | $230 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 25, 2026Q2 FY27 | $0.61 | $0.71 | +15.6% | $328.7M | $341.9M | +4.0% | +10.41% |
| May 26, 2026Q1 FY27 | $0.45 | $0.51 | +12.4% | $283.5M | $291.0M | +2.6% | −4.41% |
| Mar 16, 2026Q4 FY26 | $0.43 | $0.44 | +2.3% | $273.2M | $274.4M | +0.4% | −11.00% |
| Nov 24, 2025Q3 FY26 | $0.44 | $0.48 | +7.9% | $266.4M | $267.0M | +0.2% | +2.53% |
Financial highlights
| 12 quarters | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $251.1M | $257.6M | $267.0M | $274.4M | $291.0M | $341.9M | |
| Gross profit | $131.1M | $134.0M | $138.1M | $138.1M | $151.1M | $183.8M | |
| Operating income | $37.2M | $27.3M | $31.8M | $30.8M | $30.8M | $55.8M | |
| Net income | $19.3M | −$27.1M | −$2.9M | −$29.8M | $26.5M | $160.1M | |
| Diluted EPS | $0.22 | −$0.31 | −$0.03 | −$0.32 | $0.27 | $1.59 | |
| Gross margin | 52.2% | 52.0% | 51.7% | 50.3% | 51.9% | 53.8% | |
| Operating margin | 14.8% | 10.6% | 11.9% | 11.2% | 10.6% | 16.3% |
Fiscal years (4-quarter sums)FY22 $740.9M · FY23 $756.5M · FY24 $868.8M · FY25 $909.3M · FY26 $1.05B
Revenue by product · Q2 FY27
Revenue by geography · FY26
Balance sheet, Jul 26, 2026Cash & short-term investments $204.1M · Total debt $492.7M · Total assets $1.65B · Shareholders' equity $748.9M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 93.15M · Float 92.62M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.75M | 10.47% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 5.33M | 5.72% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 4.20M | 4.51% | 13F | Aug 13, 2026 |
| Ameriprise Financial Inc | 3.45M | 3.70% | 13F | Aug 14, 2026 |
| State Street Corp | 3.39M | 3.64% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Paul V. Jr Walsh | director | −500 | $135.48 |
| Aug 17, 2026 | Asaf Silberstein | officer: EVP and COO | −5,000 | $150.00 |
| Aug 7, 2026 | Hong Q. Hou | director, officer: President and CEO | −2,000 | $140.00 |
| Jul 22, 2026 | Paul V. Jr Walsh | director | −500 | $133.07 |
| Jul 14, 2026 | Asaf Silberstein | officer: EVP and COO | −3,000 | $145.04 |
Peers
- Marvell Technology
Dominant DSP optical IC maker contesting data-center transceiver sockets.
- STMicroelectronics (ADR)
Broad analog/IoT rival in TVS protection, LoRa chips, and wireless connectivity.
- Silicon Labs
Pure-play IoT wireless rival contesting LoRaWAN in LPWAN and smart-home markets.
- MACOM Technology Solutions
High-performance optical IC rival contesting LPO and 800G transceiver wins.
- Texas Instruments
Analog giant named in Semtech's 10-K for signal integrity, power, and wireless.
- Broadcom
Semiconductor giant with partial overlap in optical ICs and signal-integrity.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Semtech | $131.33 | +0.13% | $12.22B | 87.0 | 33.1 | 10.4 | +32.7% |
| Marvell Technology | $216.40 | −0.10% | $189.71B | 71.8 | 42.3 | 20.1 | +36.6% |
| STMicroelectronics (ADR) | $49.33 | −0.10% | $44.07B | 96.8 | 24.8 | 3.3 | +24.4% |
| Silicon Labs | $218.54 | −0.05% | $7.21B | — | 60.0 | 8.4 | +18.3% |
| MACOM Technology Solutions | $262.56 | −1.05% | $20.24B | 85.3 | 32.2 | 17.4 | +35.8% |
| Texas Instruments | $258.44 | −0.09% | $236.20B | 39.3 | 27.2 | 12.1 | +22.8% |
| Broadcom | $369.12 | +0.12% | $1.75T | 61.5 | 23.5 | 23.2 | +47.9% |
| Median | 71.8 | 29.7 | 14.8 | +30.1% |