Semtech annual operating margin
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2025
Semtech Operating Margin Growth & History (SMTC)
Semtech's operating margin was 3.10% for fiscal 2025.
View full Semtech company overviewSemtech annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-25 | 3.10% | −2.39 pp |
| 2024 | 2025-01-26 | 5.49% | +114.19 pp |
| 2023 | 2024-01-28 | −108.70% | −120.96 pp |
| 2022 | 2023-01-29 | 12.27% | −7.31 pp |
| 2021 | 2022-01-30 | 19.57% | +6.98 pp |
| 2020 | 2021-01-31 | 12.60% | +3.10 pp |
| 2019 | 2020-01-26 | 9.50% | −7.32 pp |
| 2018 | 2019-01-27 | 16.82% | +5.49 pp |
| 2017 | 2018-01-28 | 11.33% | −4.12 pp |
| 2016 | 2017-01-29 | 15.45% | +9.33 pp |
| 2015 | 2016-01-31 | 6.12% | −1.45 pp |
| 2014 | 2015-01-25 | 7.57% | +25.88 pp |
| 2013 | 2014-01-26 | −18.31% | −21.00 pp |
| 2012 | 2013-01-27 | 2.69% | −16.78 pp |
| 2011 | 2012-01-29 | 19.47% | +2.14 pp |
| 2010 | 2011-01-30 | 17.33% | +6.54 pp |
| 2009 | 2010-01-31 | 10.79% | −3.42 pp |
| 2008 | 2009-01-25 | 14.21% | — |
Semtech quarterly operating margin
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Q2.22
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Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-04-26 | 8.86% | −5.46 pp |
| Q4 2025 | 2026-01-25 | −6.66% | −15.12 pp |
| Q3 2025 | 2025-10-26 | 11.63% | +4.12 pp |
| Q2 2025 | 2025-07-27 | −6.29% | −9.89 pp |
| Q1 2025 | 2025-04-27 | 14.33% | +12.80 pp |
| Q4 2024 | 2025-01-26 | 8.46% | +329.77 pp |
| Q3 2024 | 2024-10-27 | 7.51% | +13.67 pp |
| Q2 2024 | 2024-07-28 | 3.61% | +129.51 pp |
| Q1 2024 | 2024-04-28 | 1.52% | +6.55 pp |
| Q4 2023 | 2024-01-28 | −321.31% | −288.08 pp |
| Q3 2023 | 2023-10-29 | −6.16% | −27.20 pp |
| Q2 2023 | 2023-07-30 | −125.90% | −156.50 pp |
| Q1 2023 | 2023-04-30 | −5.02% | −28.30 pp |
| Q4 2022 | 2023-01-29 | −33.23% | −55.77 pp |
| Q3 2022 | 2022-10-30 | 21.04% | +1.84 pp |
| Q2 2022 | 2022-07-31 | 30.60% | +10.79 pp |
| Q1 2022 | 2022-05-01 | 23.28% | +6.86 pp |
| Q4 2021 | 2022-01-30 | 22.55% | +11.04 pp |
| Q3 2021 | 2021-10-31 | 19.20% | +5.26 pp |
| Q2 2021 | 2021-08-01 | 19.82% | +6.76 pp |
| Q1 2021 | 2021-05-02 | 16.42% | +4.53 pp |
| Q4 2020 | 2021-01-31 | 11.51% | +4.12 pp |
| Q3 2020 | 2020-10-25 | 13.94% | +1.26 pp |
| Q2 2020 | 2020-07-26 | 13.06% | +4.47 pp |
| Q1 2020 | 2020-04-26 | 11.88% | +2.62 pp |
| Q4 2019 | 2020-01-26 | 7.39% | −13.73 pp |
| Q3 2019 | 2019-10-27 | 12.68% | −11.45 pp |
| Q2 2019 | 2019-07-28 | 8.58% | −11.60 pp |
| Q1 2019 | 2019-04-28 | 9.26% | +11.64 pp |
| Q4 2018 | 2019-01-27 | 21.12% | +12.66 pp |
| Q3 2018 | 2018-10-28 | 24.12% | +12.43 pp |
| Q2 2018 | 2018-07-29 | 20.18% | +7.84 pp |
| Q1 2018 | 2018-04-29 | −2.37% | −15.07 pp |
| Q4 2017 | 2018-01-28 | 8.46% | −2.46 pp |
| Q3 2017 | 2017-10-29 | 11.70% | −16.81 pp |
| Q2 2017 | 2017-07-30 | 12.34% | +0.25 pp |
| Q1 2017 | 2017-04-30 | 12.70% | +2.58 pp |
| Q4 2016 | 2017-01-29 | 10.92% | +8.26 pp |
| Q3 2016 | 2016-10-30 | 28.50% | +12.18 pp |
| Q2 2016 | 2016-07-31 | 12.09% | +9.65 pp |
| Q1 2016 | 2016-05-01 | 10.12% | +6.36 pp |
| Q4 2015 | 2016-01-31 | 2.65% | +13.21 pp |
| Q3 2015 | 2015-10-25 | 16.32% | +1.00 pp |
| Q2 2015 | 2015-07-26 | 2.44% | −12.69 pp |
| Q1 2015 | 2015-04-26 | 3.75% | −4.64 pp |
| Q4 2014 | 2015-01-25 | −10.55% | +121.20 pp |
| Q3 2014 | 2014-10-26 | 15.32% | +5.91 pp |
| Q2 2014 | 2014-07-27 | 15.13% | +0.31 pp |
| Q1 2014 | 2014-04-27 | 8.39% | −3.97 pp |
| Q4 2013 | 2014-01-26 | −131.76% | −140.01 pp |
| Q3 2013 | 2013-10-27 | 9.41% | −2.77 pp |
| Q2 2013 | 2013-07-28 | 14.82% | +13.02 pp |
| Q1 2013 | 2013-04-28 | 12.36% | +28.77 pp |
| Q4 2012 | 2013-01-27 | 8.26% | −3.20 pp |
| Q3 2012 | 2012-10-28 | 12.17% | −6.58 pp |
| Q2 2012 | 2012-07-29 | 1.80% | −22.70 pp |
| Q1 2012 | 2012-04-29 | −16.41% | −38.08 pp |
| Q4 2011 | 2012-01-29 | 11.46% | −10.51 pp |
| Q3 2011 | 2011-10-30 | 18.75% | +4.52 pp |
| Q2 2011 | 2011-07-31 | 24.50% | +4.44 pp |
| Q1 2011 | 2011-05-01 | 21.67% | +8.93 pp |
| Q4 2010 | 2011-01-30 | 21.97% | +5.90 pp |
| Q3 2010 | 2010-10-31 | 14.22% | +1.38 pp |
| Q2 2010 | 2010-08-01 | 20.06% | — |
| Q1 2010 | 2010-05-02 | 12.75% | — |
| Q3 2009 | 2009-10-25 | 16.08% | — |
| Q2 2009 | 2009-07-26 | 12.84% | — |
Semtech operating margin trends
Over the last five reported fiscal years, Semtech's operating margin decreased from 12.60% to 3.10%, a change of −9.49 percentage points. The latest reported quarter, Q1 2026, shows 8.86%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Semtech filings at SEC.gov ↗