# Semtech Corporation (SMTC) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $147.88, market value $13.8 billion.

## Valuation
- **P/E (trailing): 97.9×** (5-yr avg 34.9×). Semtech Corporation trades at 97.9× trailing earnings, well above its own five-year average of 34.9×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 25.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.32**. A PEG of 0.32 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 11.8×**. Each dollar of revenue is priced at 11.8×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 24.0×**. The shares trade at 24.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 1.4%** (5-yr avg 0.5%). Free cash flow equals 1.4% of the market value, above its five-year average of 0.5%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 1.0%**. The inverse of the P/E: 1.0% of the price is earned each year.

## Profitability
- **Gross margin: 52.1%**. Semtech Corporation keeps 52.1% of revenue after the direct cost of what it sells.
- **Operating margin: 8.0%**. 8.0% of revenue is left after running the business.
- **Net margin: -3.8%**. The company reported a net loss over the last twelve months.
- **Return on equity: -7.3%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 8.8%**. Return on all capital, debt included, is 8.8%.
- **Return on assets: 10.9%**. Each dollar of assets produces 10.9% of profit.

## Growth
- **Revenue growth (1 yr): 15.5%** (3-yr 11.5%/yr, 5-yr 12.0%/yr). Revenue grew 15.5% over the last year, against 12.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 79.6%**. Earnings per share rose 79.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 20.3%/yr**. Free cash flow has compounded at 20.3% a year over three years.

## Financial health
- **Debt to equity: 0.89**. Debt is 0.89 times equity, moderate leverage.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Semtech Corporation does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (14 analysts). 14 analysts cover Semtech Corporation; the consensus is strong_buy, with an average price target of $209.29 (+42% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 146.9%** (YTD 100.7%, 3-mo -2.1%). The shares are up 146.9% over twelve months including dividends.
- **From 52-week high: -16.6%** (157.2% above the low). Trading 17% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 3.07** (volatility 75%). Beta of 3.07 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SMTC · Page: https://foliofundamentals.com/stocks/smtc

Not investment advice.