← SEMTECH CORP
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total net sales | $544.3m |
$587.8m
+8.01%
|
$627.2m
+6.69%
|
$547.5m
-12.70%
|
$595.1m
+8.69%
|
$740.9m
+24.49%
|
$756.5m
+2.12%
|
$868.8m
+14.83%
|
$909.3m
+4.67%
|
$1.0b
+15.47%
|
— | |
| Cost of sales: | $219.4m |
$235.9m
+7.50%
|
$250.2m
+6.06%
|
$210.8m
-15.73%
|
$231.6m
+9.84%
|
$274.8m
+18.66%
|
$272.3m
-0.90%
|
$447.0m
+64.15%
|
$443.7m
-0.75%
|
$498.6m
+12.39%
|
$527.6m
+5.81%
|
|
| Total cost of sales | $219.4m |
$235.9m
+7.50%
|
$250.2m
+6.06%
|
$210.8m
-15.73%
|
$231.6m
+9.84%
|
$274.8m
+18.66%
|
$278.0m
+1.16%
|
$572.5m
+105.96%
|
$452.8m
-20.92%
|
$507.8m
+12.16%
|
— | |
| Gross profit | $324.9m |
$352.0m
+8.34%
|
$377.0m
+7.12%
|
$336.7m
-10.70%
|
$363.5m
+7.98%
|
$466.1m
+28.20%
|
$478.6m
+2.68%
|
$296.2m
-38.10%
|
$456.5m
+54.10%
|
$542.1m
+18.75%
|
$562.3m
+3.72%
|
|
| Selling, general and administrative | $136.4m | $146.3m | $151.4m | $163.1m | $162.8m | $168.2m | $235.8m | $220.2m | $222.4m | $221.9m | $242.0m | |
| Amortization of acquired technology | — | — | — | — | $7.7m | $4.9m | $5.7m | $33.7m | $9.1m | $9.2m | — | |
| Restructuring | — | — | — | — | — | $0 | $11.5m | $23.8m | $4.9m | $4.2m | $4.2m | |
| Total operating expenses, net | $240.8m | $283.2m | $278.5m | $284.7m | $288.6m | $321.1m | $385.8m | $1.2b | $406.6m | $509.6m | $449.2m | |
| Operating income (loss) | $84.1m |
$68.7m
-18.25%
|
$98.5m
+43.27%
|
$52.0m
-47.19%
|
$75.0m
+44.12%
|
$145.0m
+93.47%
|
$92.8m
-36.01%
|
($944.3m)
-1117.60%
|
$49.9m
+105.29%
|
$32.6m
-34.78%
|
$113.1m
+247.35%
|
|
| Interest expense | — | ($8.0m) | ($9.2m) | ($9.1m) | ($5.3m) | ($5.1m) | ($17.6m) | ($95.8m) | ($90.1m) | ($40.6m) | $9.5m | |
| Interest income | — | — | — | — | $2.5m | $1.5m | $5.8m | $3.1m | $2.3m | $2.5m | $3.0m | |
| Non-operating (expense) income, net | ($1.7m) | ($902k) | $3.8m | $2.9m | $124k | $480k | ($1.3m) | ($542k) | $267k | ($5.3m) | — | |
| Loss before taxes and equity method income (loss) | $73.1m | $59.9m | $63.1m | $44.6m | $63.0m | $139.1m | $78.5m | ($1.0b) | ($183.4m) | ($21.2m) | — | |
| Net loss before equity method income (loss) | $54.7m | $36.7m | $63.2m | $31.8m | $59.5m | $123.5m | $61.1m | ($1.1b) | ($161.3m) | ($41.0m) | — | |
| Equity method income (loss) | $0 | ($254k) | ($126k) | $109k | $329k | $2.1m | $249k | $45k | ($547k) | $636k | — | |
| Provision (benefit) for income taxes | $18.4m | $23.2m | ($84k) | $12.8m | $3.4m | $15.5m | $17.3m | $50.5m | ($22.0m) | $19.8m | — | |
| Net loss | $54.7m | $36.4m | $63.1m | $31.9m | $59.9m | $125.6m | $61.4m | ($1.1b) | ($161.9m) | ($40.4m) | — | |
| Net loss attributable to common stockholders | — | — | $69.6m | $31.9m | $59.9m | $125.7m | $61.4m | ($1.1b) | ($161.9m) | ($40.4m) | — | |
| Net income attributable to noncontrolling interest | — | $0 | $0 | ($5k) | ($36k) | ($19k) | ($8k) | $1k | $0 | $0 | — | |
| Basic (in dollars per share) | $0.84 | $0.56 | $0.96 | $0.48 | $0.91 | $1.91 | $0.96 | ($17.03) | ($2.25) | ($0.46) | — | |
| Diluted (in dollars per share) | $0.83 | $0.54 | $0.92 | $0.47 | $0.90 | $1.88 | $0.95 | ($17.03) | ($2.25) | ($0.46) | — | |
| Acquired technology impairments | — | — | — | — | — | $0 | $0 | $91.8m | $0 | $0 | — | |
| Product development and engineering | $102.5m | $104.8m | $109.9m | $107.4m | $117.5m | $147.9m | $167.4m | $186.4m | $170.9m | $196.3m | — | |
| Intangible amortization | $25.3m | $27.9m | $26.6m | $16.5m | $8.3m | $4.9m | $821k | $14.9m | $884k | $631k | — | |
| Intangible impairment | $0 | — | — | — | — | $0 | $0 | $39.6m | $0 | $1.8m | — | |
| Impairment of goodwill | — | — | — | — | — | $0 | $0 | $755.6m | $7.5m | $84.8m | — | |
| Loss on extinguishment of debt | — | — | — | — | — | — | $0 | $0 | ($144.7m) | $0 | — | |
| Investment impairments and credit loss reserves, net | $0 | ($4.2m) | ($30.0m) | ($1.2m) | ($6.8m) | ($1.3m) | ($1.2m) | ($3.9m) | ($1.1m) | ($10.4m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.