SEMTECH CORP
For the period ended Jan 25, 2026. Filed Mar 23, 2026.
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FY2026 · Filed Mar 23, 2026
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 25, 2026 | January 26, 2025 | January 28, 2024 | |
| Net sales: | |||
| Products | $942,087 | $794,379 | $754,018 |
| Services | 107,888 | 114,908 | 114,740 |
| Total net sales | 1,049,975 | 909,287 | 868,758 |
| Cost of sales: | |||
| Products | 448,642 | 394,268 | 393,971 |
| Services | 49,996 | 49,385 | 53,029 |
| Amortization of acquired technology | 9,193 | 9,106 | 33,716 |
| Acquired technology impairments | — | — | 91,792 |
| Total cost of sales | 507,831 | 452,759 | 572,508 |
| Gross profit | 542,144 | 456,528 | 296,250 |
| Operating expenses, net: | |||
| Product development and engineering | 196,348 | 170,908 | 186,450 |
| Selling, general and administrative | 221,852 | 222,368 | 220,220 |
| Intangible amortization | 631 | 884 | 14,913 |
| Restructuring | 4,186 | 4,944 | 23,775 |
| Intangible impairments | 1,777 | — | 39,593 |
| Goodwill impairment | 84,785 | 7,490 | 755,621 |
| Total operating expenses, net | 509,579 | 406,594 | 1,240,572 |
| Operating income (loss) | 32,565 | 49,934 | (944,322) |
| Interest expense | (40,618) | (90,067) | (95,813) |
| Interest income | 2,522 | 2,302 | 3,051 |
| Loss on extinguishment of debt | — | (144,688) | — |
| Non-operating (expense) income, net | (5,262) | 267 | (542) |
| Investment impairments and credit loss reserves, net | (10,387) | (1,109) | (3,929) |
| Loss before taxes and equity method income (loss) | (21,180) | (183,361) | (1,041,555) |
| Provision (benefit) for income taxes | 19,832 | (22,012) | 50,519 |
| Net loss before equity method income (loss) | (41,012) | (161,349) | (1,092,074) |
| Equity method income (loss) | 636 | (547) | 45 |
| Net loss | (40,376) | (161,896) | (1,092,029) |
| Net income attributable to noncontrolling interest | — | — | 1 |
| Net loss attributable to common stockholders | $(40,376) | $(161,896) | $(1,092,030) |
| Loss per share: | |||
| Basic | $(0.46) | $(2.26) | $(17.03) |
| Diluted | $(0.46) | $(2.26) | $(17.03) |
| Weighted average number of shares used in computing loss per share: | |||
| Basic | 88,374 | 71,606 | 64,127 |
| Diluted | 88,374 | 71,606 | 64,127 |
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