The financials
Semtech Corporation by the numbers
Semtech Corporation (SMTC) reported revenue of $291M in Q1 2026 (quarter ended April 26, 2026), up 16% from the same quarter a year earlier. That came with a gross margin of 52% and net income of $27M (9.1% of revenue). For the full year FY2025, revenue was $1.05B (+15% year on year) and net income −$40M. Its largest segment in 2026-Q2 was Signal Integrity Products Group at $102M, 35.1% of the disclosed total, just ahead of Advanced Protection And Sensing Products Group at 34.6%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $291M | $251M | +16% |
| Gross profit | $151M | $131M | +15% |
| Operating income | $26M | $36M | −28% |
| Net income | $27M | $19M | +37% |
| Diluted EPS | $0.27 | $0.22 | +23% |
| Operating | Revenue | Share |
|---|---|---|
| Signal Integrity Products Group | $102M | 35% |
| Advanced Protection And Sensing Products Group | $101M | 35% |
| Io T Systems And Connectivity | $88M | 30% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $291.0M (+9.0%)
Signal Integrity Products Group grew +39% year on yearIo T Systems And Connectivity +1.5% year on year
Segment Latestquarter on quarteryear on year
- Signal Integrity Products Group$102.0M$102.0MQoQ +25%year on year +39%+25%+39%
- Advanced Protection And Sensing Products Group$100.8M$100.8MQoQ +3.8%year on year +11%+3.8%+11%
- Io T Systems And Connectivity$88.3M$88.3MQoQ -0.07%year on year +1.5%-0.07%+1.5%