SEMTECH CORP
For the period ended Jan 26, 2025. Filed Mar 25, 2025.
View on SEC.govAbout 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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of
(in thousands, except per share data)
| Fiscal Year Ended | |||
|---|---|---|---|
| January 26, 2025 | January 28, 2024 | January 29, 2023 | |
| Net sales: | |||
| Products | $794,379 | $754,018 | $750,108 |
| Services | 114,908 | 114,740 | 6,425 |
| Total net sales | 909,287 | 868,758 | 756,533 |
| Cost of sales: | |||
| Products | 394,268 | 393,971 | 269,495 |
| Services | 49,385 | 53,029 | 2,819 |
| Amortization of acquired technology | 9,106 | 33,716 | 5,661 |
| Acquired technology impairments | — | 91,792 | — |
| Total cost of sales | 452,759 | 572,508 | 277,975 |
| Gross profit | 456,528 | 296,250 | 478,558 |
| Operating expenses, net: | |||
| Product development and engineering | 170,908 | 186,450 | 166,948 |
| Selling, general and administrative | 222,368 | 220,220 | 224,812 |
| Intangible amortization | 884 | 14,913 | 821 |
| Restructuring | 4,944 | 23,775 | 11,491 |
| Gain on sale of business | — | — | (18,313) |
| Intangible impairments | — | 39,593 | — |
| Goodwill impairment | 7,490 | 755,621 | — |
| Total operating expenses, net | 406,594 | 1,240,572 | 385,759 |
| Operating income (loss) | 49,934 | (944,322) | 92,799 |
| Interest expense | (90,067) | (95,813) | (17,646) |
| Interest income | 2,302 | 3,051 | 5,801 |
| Loss on extinguishment of debt | (144,688) | — | — |
| Non-operating income (expense), net | 267 | (542) | (1,331) |
| Investment impairments and credit loss reserves, net | (1,109) | (3,929) | (1,156) |
| (Loss) income before taxes and equity method income | (183,361) | (1,041,555) | 78,467 |
| (Benefit) provision for income taxes | (22,012) | 50,519 | 17,344 |
| Net (loss) income before equity method income | (161,349) | (1,092,074) | 61,123 |
| Equity method (loss) income | (547) | 45 | 249 |
| Net (loss) income | (161,896) | (1,092,029) | 61,372 |
| Net income (loss) attributable to noncontrolling interest | — | 1 | (8) |
| Net (loss) income attributable to common stockholders | $(161,896) | $(1,092,030) | $61,380 |
| (Loss) earnings per share: | |||
| Basic | $(2.26) | $(17.03) | $0.96 |
| Diluted | $(2.26) | $(17.03) | $0.96 |
| Weighted average number of shares used in computing earnings per share: | |||
| Basic | 71,606 | 64,127 | 63,770 |
| Diluted | 71,606 | 64,127 | 64,013 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.