SMTC Semtech margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 83

Gross margin

52.1%

Operating margin

EBITDA margin

11.7%

Net margin

13.1%

Based on the latest figures, Semtech reports a gross margin of 52.1%, an operating margin of 8%, an EBITDA margin of 11.7%, and a net margin of 13.1%. Net margin had the largest improvement, gaining by 10.7 percentage points, while the other available margins also increased.

SMTC margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Semtech recorded average margins of 45.86% gross, -29.55% operating, -30.05% EBITDA, and -43.66% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

SMTC margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with net margin showing the largest gain at 10.7 percentage points.

Gross margin expansion

0.2pp

Operating margin expansion

2.1pp

EBITDA margin expansion

1.2pp

Net margin expansion

10.7pp

SMTC Gross margin

Semtech's gross margin averaged 45.86% across the past 3 years. Compared with its three-year average, Semtech's current gross margin is 52.1% and is 6.2 percentage points above its three-year average. Over the last 3 years, Semtech's gross margin peaked at 52.1% in Jul 2026 and reached a low of 34.1% in Jan 2024.

SMTC Operating margin

Over the last 3 years, Semtech's operating margin averaged -29.55%. At present, Semtech's current operating margin is 8%, which is 37.6 percentage points above its three-year average. During this period, operating margin reached a high of 8.7% in Apr 2025 and a low of -110.9% in Apr 2024.

SMTC EBITDA margin

Over the last 3 years, Semtech's EBITDA margin averaged -30.05%. As of the latest period, Semtech's current EBITDA margin is 11.7%, which is 41.8 percentage points above its three-year average. During this period, EBITDA margin reached a high of 11.7% in Jul 2026 and a low of -102.7% in Apr 2024.

SMTC Net margin

Across the last 3 years, Semtech's net margin averaged -43.66%. The current net margin stands at 13.1%, 56.8 percentage points above its three-year average. Net margin was highest at 13.1% in Jul 2026 and lowest at -129.5% in Apr 2024.

SMTC margin group comparison

Margins compared with peer-group, industry and sector averages

Semtech's gross margin of 52.1% is above the industry average but below the Technology sector and its peers average. But compared to its Technology sector average of 52.4%, Semtech's gross margin is only 0.6% lower.

SMTC margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Semtech's gross margin?

The current gross margin for SMTC is 52.1% as of Jul 26, 2026.

What is Semtech's operating margin?

The current operating margin for SMTC is 8% as of Jul 26, 2026.

What is Semtech's EBITDA margin?

As of Jul 26, 2026, SMTC has an EBITDA margin of 11.7%.

What is Semtech's net margin?

For the period ending Jul 26, 2026, SMTC recorded a net margin of 13.1%.

What are the average margins of SMTC?

Semtech's average margins over the last 3 years were 45.9% gross, -29.6% operating, -30.1% EBITDA, and -43.7% net.

What are the highest historical margins of SMTC?

Over the last 5 years, Semtech's highest margins were 63.6% gross in Oct 2022, 24.6% operating in Oct 2022, 29.3% EBITDA in Oct 2022, and 19.9% net in Jul 2022.

What are the lowest historical margins of SMTC?

Over the last 5 years, Semtech's lowest margins were 34.1% gross in Jan 2024, -110.9% operating in Apr 2024, -102.7% EBITDA in Apr 2024, and -129.5% net in Apr 2024.