# Semtech share price today (Semtech Corporation, SMTC)

> Semtech Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SMTC · Technology · Semiconductors · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/smtc

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## Key numbers

- Price: $127.42 (+87.8% in a year)
- P/E: 78.4× (higher than 54% of the last 4.5 years)
- Revenue (Jul 2026): $342 M (+32.7% on a year ago)
- Profit (Jul 2026): $160 M
- Operating margin: 16.2% (+5.6 points on a year ago)
- ROE: −7%, FY26
- ROIC: 14.1%, against a 17.0% cost of capital: −2.9 points
- Profit that came in as cash: 176%, last 2 years

Biggest thing to watch: the price has already been rising for 70 weeks, so timing is the risk more than the business. ## What is the Semtech share price today? Semtech Corporation's share price was $127.42 at the close on 3 November 2026. It has been rising for 70 weeks. That is 1.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between $64 and $195, and at that close it sat 49% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 1 week running. Over the last 10 years the share price moved +426% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Semtech pay? Semtech Corporation pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Semtech on? Semtech is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Semtech profitable? Semtech Corporation earned $160 M of net profit in the Jul 2026 quarter. The full FY26 year was a loss of $40.4 M. That is 46.8% of the quarter's revenue. The same quarter a year earlier lost $27.1 M. 8 of the last 12 reported quarters were loss-making. ## How much revenue does Semtech make, and is it growing? Semtech Corporation reported $342 M of revenue in the Jul 2026 quarter, +32.7% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 4 years it has grown 9.1% a year on average. The last full year, FY26, came in at $1.0 B. The last four reported quarters add to $1.2 B. FY26 revenue was $1.0 B, +15.5% on the year before. Recent pace: the last four quarters grew +17.6% on average, against 9.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +17.8%, against +20.0% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does Semtech keep? Semtech Corporation's operating margin was 16.2% in the Jul 2026 quarter, 5.6 percentage points higher than the same quarter a year ago. Across 5 years it has been between −3.4% and 21.3%. The latest quarter is within that range. Why the margin moved: operating margin changed +5.6 percentage points on the year while gross margin changed +1.7 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Semtech's profit turning into cash? Over the last 2 years, 176% of Semtech Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $181 M of operating cash against −$40.4 M of profit. After $9.8 M of spending on assets, $171 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Semtech's cash go? Semtech Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $46.8 M on assets over the last 3 years. Averaged over those years that is 1.5% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $46.8 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Semtech's P/E ratio, and how does it compare with its own history? Semtech Corporation's P/E is 78.4×, in the middle of its own history: higher than 54% of past readings. Its usual P/E (the middle reading) is 32.0×, over 4.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Where the price move came from: over 3 years the price moved +105.3% a year; about +16.3% a year came from earnings growth and about +89.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Semtech business getting better or worse? Semtech Corporation's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Semtech earn on its capital? Semtech Corporation earned a ROE of −7% in FY26. That is up from a low of −30% in FY25. Its return on capital used (ROIC) is 2.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −3.8% net margin and 0.74× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −3.8% net margin × 0.74× asset turnover × 2.57× leverage (assets divided by equity) ≈ −7.2% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 14.1% − 17.0% = −2.9 percentage points. The 17.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Semtech have too much debt? Semtech Corporation has total debt of $525 M against shareholder equity of $749 M as of Jul 2026, so its debt is 0.70× its equity. Year by year, that ratio went from 0.26 in FY22 to 0.94 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Semtech shareholding pattern? 6.5% of Semtech Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 1.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Semtech from balance-sheet trouble? For Semtech Corporation, the Z-score is 6.51. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 6.51 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Semtech rank in its industry? 51.7 out of 100, rank 12 of 27 in Semiconductors, with 67% of the evidence available. Semtech Corporation scores 51.7 out of 100 against the 27 companies it is compared with in Semiconductors, ranking 12. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18 + 10.4 + 9.7 + 13.6 = 51.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Semtech compared with? Semtech ranks 12 of 27 Semiconductors companies on the 4-Factor Sector Score, with 51.7 out of 100. 1. [Texas Instruments Incorporated](https://www.sectoralpha.in/us/stocks/txn) TXN · turning · Most evidence points up · 85% evidence 79.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.4/35 · Revenue 20.3% · Profit 41% · Operating margin change 10.8 points · 95% evidence Capital efficiency 20.6/25 · ROCE 25.2% · Operating margin 47.5% · 76% evidence Valuation 14.1/20 · P/E 36.2× · PEG 0.89 · 65% evidence Relative strength 19.0/20 · Lead over its industry 15.7% · Lead over S&P 500 22.3% · 1 year 94.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 25.4 + 20.6 + 14.1 + 19 = 79.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Micron Technology, Inc.](https://www.sectoralpha.in/us/stocks/mu) MU · quiet · Most evidence points up · 75% evidence 76.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.9/35 · Revenue 100% · Profit 100% · Operating margin change 48.4 points · 95% evidence Capital efficiency 19.4/25 · ROCE 59% · Operating margin 80.7% · 76% evidence Valuation 11.4/20 · P/E 12.7× · PEG n/a · 15% evidence Relative strength 14.8/20 · Lead over its industry 26.2% · Lead over S&P 500 26.1% · 1 year 259.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 30.9 + 19.4 + 11.4 + 14.8 = 76.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Analog Devices, Inc.](https://www.sectoralpha.in/us/stocks/adi) ADI · turning · Most evidence points up · 85% evidence 73.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 33.6% · Profit 100% · Operating margin change 10.9 points · 95% evidence Capital efficiency 14.7/25 · ROCE 11.6% · Operating margin 39.5% · 76% evidence Valuation 11.9/20 · P/E 43.3× · PEG 1.33 · 65% evidence Relative strength 18.1/20 · Lead over its industry 6% · Lead over S&P 500 13.5% · 1 year 83.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 28.6 + 14.7 + 11.9 + 18.1 = 73.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [NVIDIA Corporation](https://www.sectoralpha.in/us/stocks/nvda) NVDA · quiet · Most evidence points up · 85% evidence 67.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 83.4% · Profit 100% · Operating margin change 5.4 points · 95% evidence Capital efficiency 21.6/25 · ROCE 71.3% · Operating margin 66.2% · 76% evidence Valuation 15.1/20 · P/E 26× · PEG 0.77 · 65% evidence Relative strength 10.4/20 · Lead over its industry -9.2% · Lead over S&P 500 -1.2% · 1 year 9.9% · 100% evidence · 4 of 12 weeks ahead Exact sum: 20.6 + 21.6 + 15.1 + 10.4 = 67.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Advanced Micro Devices, Inc.](https://www.sectoralpha.in/us/stocks/amd) AMD · losing its lead · Most evidence points up · 71% evidence 65.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.2/35 · Revenue 39.5% · Profit 100% · Operating margin change 19 points · 83% evidence Capital efficiency 11.1/25 · ROCE 9% · Operating margin 17.3% · 76% evidence Valuation 9.2/20 · P/E 132.2× · PEG n/a · 15% evidence Relative strength 17.6/20 · Lead over its industry 22.8% · Lead over S&P 500 24.8% · 1 year 107.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 27.2 + 11.1 + 9.2 + 17.6 = 65.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [NXP Semiconductors N.V.](https://www.sectoralpha.in/us/stocks/nxpi) NXPI · turning · Evidence leans up · 81% evidence 63.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 8.8% · Profit 38.5% · Operating margin change 4.6 points · 83% evidence Capital efficiency 17.1/25 · ROCE 16.2% · Operating margin 30.4% · 76% evidence Valuation 15.7/20 · P/E 23.5× · PEG 0.59 · 65% evidence Relative strength 13.9/20 · Lead over its industry -3.7% · Lead over S&P 500 4% · 1 year 28.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 16.6 + 17.1 + 15.7 + 13.9 = 63.3 · What this means: Relative strength against the index is 4%, and revenue and profit growth are weak. 7. [Broadcom Inc.](https://www.sectoralpha.in/us/stocks/avgo) AVGO · quiet · Evidence leans up · 85% evidence 62.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.2/35 · Revenue 48.7% · Profit 100% · Operating margin change 16.1 points · 95% evidence Capital efficiency 20.4/25 · ROCE 26% · Operating margin 54.3% · 76% evidence Valuation 5.8/20 · P/E 48.4× · PEG 5.06 · 65% evidence Relative strength 5.6/20 · Lead over its industry -20.3% · Lead over S&P 500 -12.9% · 1 year -5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 30.2 + 20.4 + 5.8 + 5.6 = 62 · What this means: Earnings are strong; relative strength in its sector is -20.3% and the one-year return is -5%. 8. [Monolithic Power Systems, Inc.](https://www.sectoralpha.in/us/stocks/mpwr) MPWR · quiet · Evidence leans up · 81% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 28.6% · Profit -51.8% · Operating margin change 6.2 points · 83% evidence Capital efficiency 19.7/25 · ROCE 22.4% · Operating margin 31% · 76% evidence Valuation 5.6/20 · P/E 84.4× · PEG 3.48 · 65% evidence Relative strength 11.7/20 · Lead over its industry -4.5% · Lead over S&P 500 2% · 1 year 38.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.2 + 19.7 + 5.6 + 11.7 = 56.2 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 9. [Qorvo, Inc.](https://www.sectoralpha.in/us/stocks/qrvo) QRVO · Too little evidence to rank firmly · 51% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/43.75 · Revenue -0.2% · Profit 100% · Operating margin change 11.6 points · 83% evidence Capital efficiency 14.3/31.25 · ROCE 12.1% · Operating margin 15.8% · 76% evidence Valuation 14.1/25 · P/E 20.7× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 26 + 14.3 + 14.1 = 54.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Microchip Technology Incorporated](https://www.sectoralpha.in/us/stocks/mchp) MCHP · quiet · Evidence leans up · 74% evidence 52.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 20.9% · Profit n/a · Operating margin change 19 points · 62% evidence Capital efficiency 9.3/25 · ROCE 6.3% · Operating margin 24% · 76% evidence Valuation 10.9/20 · P/E 134.6× · PEG 1.29 · 65% evidence Relative strength 9.6/20 · Lead over its industry -9.5% · Lead over S&P 500 -2.6% · 1 year 38.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23 + 9.3 + 10.9 + 9.6 = 52.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Astera Labs, Inc.](https://www.sectoralpha.in/us/stocks/alab) ALAB · quiet · Evidence leans up · 71% evidence 52.8 out of 100 Growth Capital Valuation Relative
12. Semtech Corporation this page SMTC · losing its lead · Evidence leans up · 67% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.0/35 · Revenue 17.8% · Profit 100% · Operating margin change 5.6 points · 71% evidence Capital efficiency 10.4/25 · ROCE 11.7% · Operating margin 16.2% · 76% evidence Valuation 9.7/20 · P/E 76.2× · PEG n/a · 15% evidence Relative strength 13.6/20 · Lead over its industry 3% · Lead over S&P 500 6.6% · 1 year 77.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 18 + 10.4 + 9.7 + 13.6 = 51.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 13. [Silicon Laboratories Inc.](https://www.sectoralpha.in/us/stocks/slab) SLAB · turning · Too little evidence to rank firmly · 58% evidence 49.0 out of 100 Growth Capital Valuation Relative
14. [QUALCOMM Incorporated](https://www.sectoralpha.in/us/stocks/qcom) QCOM · turning · Evidence leans down · 81% evidence 48.8 out of 100 Growth Capital Valuation Relative
15. [Skyworks Solutions, Inc.](https://www.sectoralpha.in/us/stocks/swks) SWKS · breaking out · Evidence leans down · 64% evidence 48.7 out of 100 Growth Capital Valuation Relative
16. [Credo Technology Group Holding Ltd](https://www.sectoralpha.in/us/stocks/crdo) CRDO · quiet · Evidence leans down · 75% evidence 47.9 out of 100 Growth Capital Valuation Relative
17. [ON Semiconductor Corporation](https://www.sectoralpha.in/us/stocks/on) ON · quiet · Too little evidence to rank firmly · 56% evidence 46.4 out of 100 Growth Capital Valuation Relative
18. [MACOM Technology Solutions Holdings, Inc.](https://www.sectoralpha.in/us/stocks/mtsi) MTSI · quiet · Evidence leans down · 68% evidence 45.9 out of 100 Growth Capital Valuation Relative
19. [Marvell Technology, Inc.](https://www.sectoralpha.in/us/stocks/mrvl) MRVL · losing its lead · Evidence leans down · 67% evidence 44.7 out of 100 Growth Capital Valuation Relative
20. [Lattice Semiconductor Corporation](https://www.sectoralpha.in/us/stocks/lscc) LSCC · quiet · Too little evidence to rank firmly · 58% evidence 44.4 out of 100 Growth Capital Valuation Relative
21. [Rambus Inc.](https://www.sectoralpha.in/us/stocks/rmbs) RMBS · quiet · Evidence leans down · 81% evidence 42.7 out of 100 Growth Capital Valuation Relative
22. [STMicroelectronics N.V.](https://www.sectoralpha.in/us/stocks/stm) STM · quiet · Evidence leans down · 64% evidence 42.7 out of 100 Growth Capital Valuation Relative
23. [Tower Semiconductor Ltd.](https://www.sectoralpha.in/us/stocks/tsem) TSEM · quiet · Evidence leans down · 81% evidence 41.8 out of 100 Growth Capital Valuation Relative
24. [SiTime Corporation](https://www.sectoralpha.in/us/stocks/sitm) SITM · quiet · Evidence leans down · 64% evidence 39.8 out of 100 Growth Capital Valuation Relative
25. [Arm Holdings plc](https://www.sectoralpha.in/us/stocks/arm) ARM · quiet · Most evidence points down · 81% evidence 33.1 out of 100 Growth Capital Valuation Relative
26. [GLOBALFOUNDRIES Inc.](https://www.sectoralpha.in/us/stocks/gfs) GFS · quiet · Most evidence points down · 64% evidence 32.3 out of 100 Growth Capital Valuation Relative
27. [Intel Corporation](https://www.sectoralpha.in/us/stocks/intc) INTC · quiet · Most evidence points down · 75% evidence 31.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Semiconductors](https://www.sectoralpha.in/us/sectors/semiconductors), all 27 compared on one page. ## Which companies are close to Semtech in size? Semtech is the 27th largest of 59 Semiconductors companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Lattice Semiconductor Corporation, SiTime Corporation and Skyworks Solutions, Inc. Just below it: Qorvo, Inc., Rambus Inc. and Silicon Laboratories Inc. ### Semiconductors companies close in size

1. [Lattice Semiconductor Corporation](https://www.sectoralpha.in/us/stocks/lscc) $15 billion
2. [SiTime Corporation](https://www.sectoralpha.in/us/stocks/sitm) $13.4 billion
3. [Skyworks Solutions, Inc.](https://www.sectoralpha.in/us/stocks/swks) $12.9 billion
4. Semtech Corporation $11.9 billion
5. [Qorvo, Inc.](https://www.sectoralpha.in/us/stocks/qrvo) $10.1 billion
6. [Rambus Inc.](https://www.sectoralpha.in/us/stocks/rmbs) $9.4 billion
7. [Silicon Laboratories Inc.](https://www.sectoralpha.in/us/stocks/slab) $7.4 billion

[All 59 Semiconductors companies, largest first](https://www.sectoralpha.in/us/sectors/semiconductors#all-companies)

### Companies close in size in other industries

1. [Jack Henry & Associates, Inc.](https://www.sectoralpha.in/us/stocks/jkhy) $11.5 billion · Information Technology Services
2. [Ryan Specialty Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ryan) $11.4 billion · Insurance - Specialty
3. Semtech Corporation $11.4 billion
4. [UDR, Inc.](https://www.sectoralpha.in/us/stocks/udr) $11.4 billion · REIT - Residential
5. [Suzano S.A.](https://www.sectoralpha.in/us/stocks/suz) $11.4 billion · Paper & Paper Products

## What else do people ask about Semtech? ### What were Semtech's latest quarterly results? Semtech Corporation reported revenue of $342 M and net profit of $160 M for the Jul 2026 quarter. Earnings per share were $1.59. The operating margin was 16.2%, 5.6 percentage points higher than a year earlier (as of 3 November 2026). ### What is Semtech's market cap? Semtech Corporation's market capitalisation is $11.9 B at a stock price of $127.42. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Semtech performing? Semtech Corporation's share price has been rising for 70 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Semtech's stock price go up? This page does not forecast Semtech Corporation's stock price. What it shows instead: the stock price is $127.42, and it has been rising for 70 weeks. Its P/E of 78.4× is higher than 54% of its own last 5 years (as of 3 November 2026). ### Is Semtech's profit real cash? Yes, over the last 2 years, 176% of Semtech Corporation's reported profit came in as cash from operations. The latest year was lower at -449%, so the trend is worth watching. In FY26, operating cash was $181 M against reported profit of −$40.4 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Semtech in its business cycle? Semtech Corporation's FY26 operating margin was 11.7%, against a 5-year range of −3.4% to 21.3%: the middle of its own range, neither a peak nor a low. The latest quarter was 16.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Semtech story? Biggest thing to watch: the price has already been rising for 70 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Semtech a stock worth studying right now? What the numbers show: Semtech Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

This is research, not advice. We’re not SEBI-registered.