The financials
Semtech Corporation by the numbers
Semtech Corporation (SMTC) reported revenue of $291M in Q1 2026 (quarter ended Apr 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 Sep 2026 was Signal Integrity Products Group at $126M, 37% of the disclosed total, just ahead of Advanced Protection And Sensing Products Group at 34%.
| 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 | $126M | 37% |
| Advanced Protection And Sensing Products Group | $117M | 34% |
| Io T Systems And Connectivity | $98M | 29% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Sep 2026Total $341.9M (+17%)
Signal Integrity Products Group grew +64% year on yearIo T Systems And Connectivity +11% year on year
Segment Latestquarter on quarteryear on year
- Signal Integrity Products Group$126.2M$126.2MQoQ +24%year on year +64%+24%+64%
- Advanced Protection And Sensing Products Group$117.4M$117.4MQoQ +16%year on year +27%+16%+27%
- Io T Systems And Connectivity$98.3M$98.3MQoQ +11%year on year +11%+11%+11%