SEMTECH CORP
For the period ended Jan 28, 2024. Filed Mar 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2024
SMTC$116.45+12.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of
(in thousands, except per share data)
| Fiscal Year Ended | |||
|---|---|---|---|
| January 28, 2024 | January 29, 2023 | January 30, 2022 | |
| Net sales | $868,758 | $756,533 | $740,858 |
| Cost of sales | 447,000 | 272,314 | 274,777 |
| Amortization of acquired technology | 33,716 | 5,661 | 4,942 |
| Acquired technology impairments | 91,792 | — | — |
| Total cost of sales | 572,508 | 277,975 | 279,719 |
| Gross profit | 296,250 | 478,558 | 461,139 |
| Operating costs and expenses, net: | |||
| Selling, general and administrative | 220,220 | 224,812 | 168,210 |
| Product development and engineering | 186,450 | 166,948 | 147,925 |
| Intangible amortization | 14,913 | 821 | — |
| Restructuring | 23,775 | 11,491 | — |
| Gain on sale of business | — | (18,313) | — |
| Changes in the fair value of contingent earn-out obligations | — | — | (13) |
| Intangible impairments | 39,593 | — | — |
| Goodwill impairment | 755,621 | — | — |
| Total operating costs and expenses, net | 1,240,572 | 385,759 | 316,122 |
| Operating (loss) income | (944,322) | 92,799 | 145,017 |
| Interest expense | (95,813) | (17,646) | (5,091) |
| Interest income | 3,051 | 5,801 | 1,469 |
| Non-operating expense, net | (542) | (1,331) | (989) |
| Investment impairments and credit loss reserves, net | (3,929) | (1,156) | (1,337) |
| (Loss) income before taxes and equity method income | (1,041,555) | 78,467 | 139,069 |
| Provision for income taxes | 50,519 | 17,344 | 15,539 |
| Net (loss) income before equity method income | (1,092,074) | 61,123 | 123,530 |
| Equity method income | 45 | 249 | 2,115 |
| Net (loss) income | (1,092,029) | 61,372 | 125,645 |
| Net income (loss) attributable to noncontrolling interest | 1 | (8) | (19) |
| Net (loss) income attributable to common stockholders | $(1,092,030) | $61,380 | $125,664 |
| (Loss) earnings per share: | |||
| Basic | $(17.03) | $0.96 | $1.94 |
| Diluted | $(17.03) | $0.96 | $1.92 |
| Weighted average number of shares used in computing earnings per share: | |||
| Basic | 64,127 | 63,770 | 64,662 |
| Diluted | 64,127 | 64,013 | 65,565 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.