SEMTECH CORP

For the period ended Jan 26, 2025. Filed Mar 25, 2025.

About this filing

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.

FY2025 · Filed Mar 25, 2025

SMTC$116.45+12.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share data)

	January 26, 2025	January 28, 2024
Assets
Current assets:
Cash and cash equivalents	$151,743	$128,585
Accounts receivable, less allowances of $5,248 and $4,161, respectively	162,523	134,322
Inventories	163,593	144,992
Prepaid taxes	13,532	11,969
Other current assets	94,070	114,329
Total current assets	585,461	534,197
Non-current assets:
Property, plant and equipment, net of accumulated depreciation of $313,978 and $283,725, respectively	126,190	153,618
Deferred tax assets	41,125	18,014
Goodwill	533,091	541,227
Other intangible assets, net	33,111	35,566
Other assets	100,286	91,113
TOTAL ASSETS	$1,419,264	$1,373,735
Liabilities
Current liabilities:
Accounts payable	$59,239	$45,051
Accrued liabilities	178,201	172,105
Current portion of long-term debt	45,594	—
Total current liabilities	283,034	217,156
Non-current liabilities:
Deferred tax liabilities	750	829
Long term debt, less current portion	505,933	1,371,039
Other long-term liabilities	87,121	91,961
Commitments and contingencies (Note 14)
Stockholders’ Equity (Deficit):
Common stock, $0.01 par value, 250,000,000 shares authorized, 99,010,607 issued and 86,272,439 outstanding and 78,136,144 issued and 64,415,861 outstanding, respectively	990	785
Treasury stock, at cost, 12,738,168 shares and 13,720,283 shares, respectively	(520,511)	(556,888)
Additional paid-in capital	1,469,712	485,452
Retained deficit	(395,686)	(233,790)
Accumulated other comprehensive loss, net	(12,079)	(2,993)
Total stockholders’ equity (deficit)	542,426	(307,434)
Noncontrolling interest	—	184
Total equity (deficit)	542,426	(307,250)
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$1,419,264	$1,373,735

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.