SMTCNasdaqSemiconductors & Related DevicesUS GAAP · USD

Semtech Corporation

Semtech Corp designs and sells semiconductor devices, IoT systems, and cloud connectivity services for infrastructure, high-end consumer, and industrial applications. Its portfolio includes signal integrity chips, analog mixed-signal and wireless products, embedded cellular modules, routers, gateways, and managed connectivity solutions, with sales and operations spanning the United States, Asia-Pacific, Europe, and other global markets.

Kysy yhtiöstä
Liikevaihto1 050milj. USD
+15,5 %v/v
Liikevoitto (EBIT)32,6milj. USD
−34,8 %v/v
EBIT-marginaali3,1%
−2,4 %-yks.v/v
Nettotulos−40,4milj. USD
+75,1 %v/v
Vapaa kassavirta171milj. USD
+241,9 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−1 000−50005001 0001 500milj. USD2021: 595 milj. USD2021: EBIT 75 milj. USD20212022: 741 milj. USD2022: EBIT 145 milj. USD20222023: 757 milj. USD2023: EBIT 93 milj. USD20232024: 869 milj. USD2024: EBIT −944 milj. USD20242025: 909 milj. USD2025: EBIT 50 milj. USD20252026: 1 050 milj. USD2026: EBIT 33 milj. USD20261 05033
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Signal Integrity35 %

High-performance semiconductor products used in data centers, networking, optical, and broadband infrastructure.

Analog Mixed Signal and Wireless30 %

Analog and wireless semiconductor devices for consumer, industrial, and communications applications.

IoT Systems and Connectivity35 %

Modules, routers, gateways, and cloud connectivity services for connected devices and IoT deployments.

Tuotteet

Raportoitu · osuus liikevaihdosta
89,7%10,3%FY2026100 %
  • Products89,7 %
  • Services10,3 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Semtech sells primarily to OEMs that incorporate its silicon into finished systems, and to IoT device makers, enterprises, and solution providers that need connectivity hardware and services. Its end markets include infrastructure, high-end consumer electronics, and industrial IoT applications such as smart buildings, utilities, medical, automotive, and asset tracking. The company also relies on distributors and independent sales representatives to reach a broad global customer base.

OEMs

Buy semiconductor components for integration into infrastructure, consumer, and industrial products.

IoT device makers

Buy embedded modules, routers, gateways, and connectivity services for connected devices.

Enterprises and solution providers

Buy managed IoT connectivity and networking products to deploy and monitor connected systems.

Distributors and channel partners

Purchase through authorized channels and resell into regional and vertical markets.

Strategia

Semtech’s strategy centers on differentiated products that combine silicon, software, and cloud connectivity, especially in IoT and wireless applications. It also emphasizes new product introductions, design wins, and sales-channel reach to strengthen its position in fragmented markets and convert engineering wins into production revenue.

Increase design wins and convert them into production revenueKeskipitkä aikaväli

Semtech's business depends on customers adopting its chips and modules into their own products.

Differentiate IoT offerings with cloud connectivity servicesKeskipitkä aikaväli

Integrated device-to-cloud solutions can create stickier customer relationships and higher switching costs.

Strengthen channel and sales coverage globallyLyhyt aikaväli

A broad distributor and direct-sales network helps reach fragmented end markets and geographies.

Maantiede

Semtech is a global business with customers and suppliers across North America, Europe, and Asia-Pacific. The company discloses that net sales outside the United States were about 79% in fiscal 2025, and customers located in China, including Hong Kong, represented 43% of net sales. Its supply chain also depends heavily on third-party foundries, assembly, and test providers located outside the United States, especially in Asia.

Riskit

Semtech is exposed to supply-chain concentration, customer concentration, and heavy international exposure, especially in China and Asia-Pacific. Its markets are cyclical and highly competitive, while gray-market channel leakage, export restrictions, and tariff changes can distort demand, pricing, and shipment timing.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →China and Asia-Pacific exposure1Supplier and subcontractor concentration2Customer concentration and order volatility3Competitive pressure and design-win risk4Gray market channel leakage5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. China and Asia-Pacific exposureVaikutus: KorkeaTodennäköisyys: Korkea

    A large share of sales and supply-chain activity is concentrated in Asia, increasing regulatory and demand risk.

    KohdistuuCustomers in China/Hong Kong and suppliers in ChinaTaiwanVietnamMalaysia
  2. Supplier and subcontractor concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A limited number of foundries, assemblers, and test providers support essential production steps.

    KohdistuuWafersPackagingTestingCritical manufacturing services
  3. Customer concentration and order volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Sales are often purchase-order based and major customers can change designs with limited notice.

    Kohdistuu: OEMs and large end customers in infrastructure and IoT

  4. Competitive pressure and design-win riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company must keep winning new designs against larger and specialized rivals.

    KohdistuuWireless modulesRoutersSignal integrityIoT connectivity
  5. Gray market channel leakageVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Unauthorized resale can create shadow inventory and undercut authorized pricing.

    Kohdistuu: Distributor channels and regional resale markets

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Many sales are fulfilled on purchase orders and shipped within the same quarter, affecting quarterly comparability.

Vaikutus: Quarter-to-quarter revenue volatility

Goodwill impairment

The IoT Connectivity Services reporting unit recorded a non-cash impairment based on reduced earnings forecasts and valuation assumptions.

Vaikutus: Reported earnings and balance-sheet carrying value

Inventory and working capital estimates

Inventory purchases and supplier lead times can materially affect working capital and expense recognition.

Vaikutus: Cash flow and gross margin timing

Fair value assumptions

Impairment testing relies on discounted cash flow models, discount rates, terminal growth, and earnings multiples.

Vaikutus: Goodwill and intangible asset valuations

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026