NASDAQ$SMTC

Semtech Corp. · Q3 2026 earnings

Q3 2026 earnings · · After market close · Investor relations

Briefing

Semtech reported Q3 2026, revenue of $236M, net loss of $12M, diluted EPS of $-0.07.

For Q3 2026, Semtech reported revenue of $236M, a net loss of $12M, diluted EPS was $-0.07. The filing discusses segment trends, liquidity, and management outlook for upcoming periods.

  • Revenue $236M.
  • Net loss $12M.
  • Diluted EPS $-0.07.

Headline financials

Total Revenue

$267M

Previous: $237M+12.7%
EPS (adj)

-$0.07

Previous: -$0.10+30.0%
GAAP Gross Margin

51.9%

Previous: 51.1%+1.6%
Non-GAAP Gross Margin

53.0%

Previous: 52.4%+1.1%
GAAP Operating Margin

11.6%

Previous: 7.5%+54.7%
Non-GAAP Operating Margin

20.6%

Previous: 18.3%+12.6%
Adjusted EBITDA Margin

23.5%

Previous: 21.6%+8.8%
Capital Expenditures

-$7.35M

Previous: -$5.23M-40.6%
Free Cash Flow

-$10.2M

Previous: -$12.8M+20.3%
Net Income

-$2.86M

Previous: -$7.59M+62.3%
Operating Income

$31.1M

Previous: $17.8M+74.6%
Gross Profit

$138M

Previous: $121M+14.5%
Cash & Equivalents

$165M

Previous: $137M+20.6%
Total Assets

$1.41B

Previous: $1.38B+1.9%

Revenue & EPS history

Semtech · Revenue · Quarterly

$267M

Q3 2026+12.7%vs Q3 2025
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Semtech · $291M total across 3 segments · Q1 2027

  • Signal Integrity
    $102M
  • Analog Mixed Signal and Wireless
    $101M
  • IoT Systems and Connectivity
    $88.3M

Forward guidance

The release discusses Semtech's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Semtech cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q3 2026.
  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2026

Historical avgQ3 2026

+1.8%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+4.0%

Avg return

30 days after

62%

43 / 69 earnings

Positive

+24.0%

Q3 2025

Best reaction

-28.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-4.2%-8.8%
Q4 2026+1.7%-17.3%+15.1%
Q3 2026+2.3%+5.9%+7.9%
Q2 2026+15.2%+13.9%+20.8%
Q1 2026-4.3%-3.3%+15.8%
Q4 2025+21.1%+27.2%-18.7%
Q3 2025+24.0%+25.8%+26.7%
Q2 2025+14.6%+18.3%+28.0%
Q1 2025+1.6%-14.5%-11.7%
Q4 2024+5.4%+1.2%+28.4%
Q3 2024+16.4%+23.6%+22.7%
Q2 2024+10.8%+6.9%-3.5%
Q1 2024+6.5%+3.3%+18.2%
Q4 2023-18.8%-27.3%-37.4%
Q3 2023+1.7%+0.6%-2.1%
Q2 2023-28.2%-26.7%-37.2%
Q1 2023+0.4%-3.0%-18.9%
Q4 2022+9.8%+11.9%-2.2%
Q3 2022+4.1%-0.4%+3.8%
Q2 2022+12.6%+11.8%+12.6%
Q1 2022+3.4%+5.9%+7.5%
Q4 2021-4.7%+0.5%-2.5%
Q3 2021+2.1%+4.5%+6.1%
Q2 2021-4.9%-6.4%-18.2%
Q1 2021+4.9%+7.2%+2.5%
Q4 2020-12.4%-26.5%+17.9%
Q3 2020+0.5%+1.6%+15.9%
Q2 2020-2.9%-2.7%+13.6%
Q1 2020-5.6%-7.9%+10.7%
Q4 2019-4.8%-0.4%-2.8%
Q3 2019+12.9%+13.6%-1.5%
Q2 2019+13.9%+19.7%+11.4%
Q1 2019+8.0%+10.5%+5.0%
Q4 2018+10.7%+13.6%+23.7%
Q3 2018-12.1%-12.8%-11.7%
Q2 2018-0.1%-1.6%-0.3%
Q1 2018-1.3%-3.5%-3.8%
Q4 2017+1.6%+2.4%-0.1%
Q3 2017+2.8%+9.2%+11.5%
Q2 2017+4.7%+6.9%+5.6%
Q1 2017+2.5%+2.6%+0.6%
Q4 2016+5.1%
Q3 2016+0.4%
Q2 2016-2.2%
Q1 2016-8.1%
Q4 2015-12.0%
Q3 2015-1.6%
Q2 2015+7.7%
Q1 2015+8.6%
Q4 2014+3.0%
Q3 2014-4.7%
Q2 2014+0.8%
Q1 2014-3.1%
Q4 2013+8.3%
Q3 2013+11.8%
Q2 2013-1.4%
Q1 2013-0.1%
Q4 2012+0.0%
Q3 2012+0.7%
Q2 2012-6.8%
Q1 2011-4.6%
Q1 2012-1.2%
Q4 2009-1.4%
Q4 2011-1.4%
Q3 2011+1.9%
Q3 2010+1.9%
Q4 2010+4.7%
Q2 2010+4.7%
Q2 2011+4.7%

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