Company overview
What does SEMTECH CORP do?
SEMTECH CORP (SMTC) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 3674 (Semiconductors & Related Devices).
What does SEMTECH CORP do?
SEMTECH CORP (SMTC) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 3674 (Semiconductors & Related Devices).
What industry is SEMTECH CORP in?
Technology · Semiconductors & Related Devices
What was SEMTECH CORP's latest reported revenue?
$291M for Q2 2026, from 10-Q filed May 27, 2026.
What changed in the latest comparable period?
Revenue increased +15.9% ($251.1M to $291.0M; Q2 2025 vs Q2 2026).
Business model (from the public record)
Belvedere describes the business using the issuer’s SEC classification and the company description extracted from public filings. Segment mix, customer identity, and recurring-versus-transactional revenue are shown only when those facts are identified in the filing extract—not inferred.
Technology · Semiconductors & Related Devices · United States
Financial profile
- Revenue
- $291M 10-Q · Q2 2026 · Filed May 27, 2026
- Revenue growth YoY
- +15.9% Belvedere calculation · 10-Q · Q2 2026 · Filed May 27, 2026
- Gross margin
- +52.0% Belvedere calculation · 10-Q · Q2 2026 · Filed May 27, 2026
- Operating margin
- +8.9% Belvedere calculation · 10-Q · Q2 2026 · Filed May 27, 2026
- Net income
- $26.6M 10-Q · Q2 2026 · Filed May 27, 2026
- Operating cash flow
- $36.2M 10-Q · Q2 2026 · Filed May 27, 2026
- Capex
- $8.2M 10-Q · Q2 2026 · Filed May 27, 2026
- Belvedere FCF
- $28M Belvedere calculation · 10-Q · Q2 2026 · Filed May 27, 2026
- FCF margin
- +9.6% Belvedere calculation · 10-Q · Q2 2026 · Filed May 27, 2026
- Cash
- $163.3M 10-Q · Apr 26, 2026 · Filed May 27, 2026
- Debt
- $492M Belvedere calculation · 10-Q · Apr 26, 2026 · Filed May 27, 2026
- Net debt
- $328.7M Belvedere calculation · 10-Q · Apr 26, 2026 · Filed May 27, 2026
- Shares
- 93,129,478 10-Q · Apr 26, 2026 · Filed May 27, 2026
Balance sheet snapshot
Cash $163.3M. Identified debt $492M. Net debt $328.7M. Missing debt tags are not treated as a zero-debt capital structure.
Financial information is derived from public filings and other identified sources. Belvedere calculations may differ from company-defined non-GAAP measures. See methodology and source notes. Valuation multiples are omitted because a licensed market-data provider is not configured.
Latest filings
What changed
Each line is an arithmetic comparison of sourced facts. It is not a thesis.
Research view
Belvedere has not published an initiation or update on SEMTECH CORP. Universe inclusion is not a rating, a forecast, or coverage in the sell-side sense.
Research Radar
| Kind | Change | Explanation | Source | Date |
|---|---|---|---|---|
| Revenue | +15.9% | Revenue increased +15.9% ($251.1M to $291.0M; Q2 2025 vs Q2 2026). | 10-Q · RevenueFromContractWithCustomerExcludingAssessedTax | May 27, 2026 |
| Margin change | $0.52 | Reported gross margin was +52.0% in the latest comparable period. | 10-Q · BelvedereGrossMargin | May 27, 2026 |
| Cash generation | $36.2M | Net cash provided by operating activities was $36.2M. | 10-Q · NetCashProvidedByUsedInOperatingActivities | May 27, 2026 |
| Cash | $163.3M | Cash and cash equivalents were $163.3M as of the latest reported balance-sheet date. | 10-Q · CashAndCashEquivalentsAtCarryingValue | May 27, 2026 |
| Share count | $93.1M | Shares outstanding were 93,129,478 as of the latest reported date. | 10-Q · CommonStockSharesOutstanding | May 27, 2026 |
Rankings
- Fastest-Growing Companies in the Belvedere Universe · rank 37 · +15.9%
- Highest Free Cash Flow Margins · rank 9 · +9.6%
- Belvedere Undercoverage Screen · rank 42 · 40
- Companies With Revenue Growth and Positive Free Cash Flow · rank 3 · +15.9%
- Technology Companies by Revenue Growth · rank 20 · +15.9%
Industry context
SEMTECH CORP is mapped to Technology (Semiconductors & Related Devices) from SIC metadata on the SEC submission. Mapping is a classification convenience, not a claim that every peer is economically comparable.
Belvedere Research Profile
This measures researchable information characteristics. It is not investment advice, a credit rating, or a buy/sell/hold recommendation.
Presence of core income-statement, cash-flow and balance-sheet concepts in SEC XBRL.
Comparable-period revenue history and operating-result availability.
Availability of margin, cash-flow and per-share concepts used in screening.
SEC periodic reports, current reports, proxy statement and website identified in submissions.
Distinct filing years in the current archive window plus comparable prior-period revenue.
Risks
Belvedere does not manufacture generic risk language. Material risks are those the issuer discloses in its periodic reports, particularly Item 1A of the latest Form 10-K.
A Form 10-K was not present in the current filing window.
Sources
- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Q2 2026
- Filed
- May 27, 2026
- Accession
- 0000088941-26-000013
- Concept
- RevenueFromContractWithCustomerExcludingAssessedTax
- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Q2 2026
- Filed
- May 27, 2026
- Accession
- 0000088941-26-000013
- Concept
- BelvedereRevenueGrowthYoY
(RevenueFromContractWithCustomerExcludingAssessedTax 2026-04-26 / RevenueFromContractWithCustomerExcludingAssessedTax 2025-04-27) - 1
View filing- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Q2 2026
- Filed
- May 27, 2026
- Accession
- 0000088941-26-000013
- Concept
- BelvedereFreeCashFlow
Net cash provided by operating activities − payments to acquire property, plant and equipment
View filing- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Apr 26, 2026
- Filed
- May 27, 2026
- Accession
- 0000088941-26-000013
- Concept
- CashAndCashEquivalentsAtCarryingValue
Disclosure
Belvedere Research publishes informational analysis. Nothing on this site is investment advice, an offer, or a solicitation to buy or sell any security.
This page is a company intelligence / data profile. It is not a research report unless a dated note is attached above. Rankings appearing here are independent of any issuer compensation.
Frequently asked questions
- What does SEMTECH CORP do?
- SEMTECH CORP (SMTC) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 3674 (Semiconductors & Related Devices).
- What industry is SEMTECH CORP in?
- SEMTECH CORP is classified in Technology (Semiconductors & Related Devices).
- When did SEMTECH CORP last file a periodic report?
- SEMTECH CORP last filed a 10-Q on Aug 26, 2026 (accession 0000088941-26-000034).
- What was SEMTECH CORP's latest revenue?
- $291M for Q2 2026, sourced from 10-Q filed May 27, 2026.
- Does Belvedere cover SEMTECH CORP?
- SEMTECH CORP is in the Belvedere universe. Presence in the universe is not the same as active initiation coverage.