← SEMTECH CORP
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of sales: | $219.4m | $235.9m | $250.2m | $210.8m | $231.6m | $274.8m | $272.3m | $447.0m | $443.7m | $498.6m | |
| Total cost of sales | $219.4m | $235.9m | $250.2m | $210.8m | $231.6m | $274.8m | $278.0m | $572.5m | $452.8m | $507.8m | |
| Gross profit | $324.9m | $352.0m | $377.0m | $336.7m | $363.5m | $466.1m | $478.6m | $296.2m | $456.5m | $542.1m | |
| Selling, general and administrative | $136.4m | $146.3m | $151.4m | $163.1m | $162.8m | $168.2m | $235.8m | $220.2m | $222.4m | $221.9m | |
| Total operating expenses, net | $240.8m | $283.2m | $278.5m | $284.7m | $288.6m | $321.1m | $385.8m | $1.2b | $406.6m | $509.6m | |
| Operating income (loss) | $84.1m | $68.7m | $98.5m | $52.0m | $75.0m | $145.0m | $92.8m | ($944.3m) | $49.9m | $32.6m | |
| Amortization of acquired technology | — | — | — | — | $7.7m | $4.9m | $5.7m | $33.7m | $9.1m | $9.2m | |
| Acquired technology impairments | — | — | — | — | — | $0 | $0 | $91.8m | $0 | $0 | |
| Product development and engineering | $102.5m | $104.8m | $109.9m | $107.4m | $117.5m | $147.9m | $167.4m | $186.4m | $170.9m | $196.3m | |
| Intangible amortization | $25.3m | $27.9m | $26.6m | $16.5m | $8.3m | $4.9m | $821k | $14.9m | $884k | $631k | |
| Restructuring | — | — | — | — | — | $0 | $11.5m | $23.8m | $4.9m | $4.2m | |
| Intangible impairment | $0 | — | — | — | — | $0 | $0 | $39.6m | $0 | $1.8m | |
| Impairment of goodwill | — | — | — | — | — | $0 | $0 | $755.6m | $7.5m | $84.8m | |
| Interest income | — | — | — | — | $2.5m | $1.5m | $5.8m | $3.1m | $2.3m | $2.5m | |
| Loss on extinguishment of debt | — | — | — | — | — | — | $0 | $0 | ($144.7m) | $0 | |
| Investment impairments and credit loss reserves, net | $0 | ($4.2m) | ($30.0m) | ($1.2m) | ($6.8m) | ($1.3m) | ($1.2m) | ($3.9m) | ($1.1m) | ($10.4m) | |
| Loss before taxes and equity method income (loss) | $73.1m | $59.9m | $63.1m | $44.6m | $63.0m | $139.1m | $78.5m | ($1.0b) | ($183.4m) | ($21.2m) | |
| Provision (benefit) for income taxes | $18.4m | $23.2m | ($84k) | $12.8m | $3.4m | $15.5m | $17.3m | $50.5m | ($22.0m) | $19.8m | |
| Net loss before equity method income (loss) | $54.7m | $36.7m | $63.2m | $31.8m | $59.5m | $123.5m | $61.1m | ($1.1b) | ($161.3m) | ($41.0m) | |
| Equity method income (loss) | $0 | ($254k) | ($126k) | $109k | $329k | $2.1m | $249k | $45k | ($547k) | $636k | |
| Net loss | $54.7m | $36.4m | $63.1m | $31.9m | $59.9m | $125.6m | $61.4m | ($1.1b) | ($161.9m) | ($40.4m) | |
| Net loss attributable to common stockholders | — | — | $69.6m | $31.9m | $59.9m | $125.7m | $61.4m | ($1.1b) | ($161.9m) | ($40.4m) | |
| Total net sales | $544.3m | $587.8m | $627.2m | $547.5m | $595.1m | $740.9m | $756.5m | $868.8m | $909.3m | $1.0b | |
| Net income attributable to noncontrolling interest | — | $0 | $0 | ($5k) | ($36k) | ($19k) | ($8k) | $1k | $0 | $0 | |
| Basic (in dollars per share) | $0.84 | $0.56 | $0.96 | $0.48 | $0.91 | $1.91 | $0.96 | ($17.03) | ($2.25) | ($0.46) | |
| Diluted (in dollars per share) | $0.83 | $0.54 | $0.92 | $0.47 | $0.90 | $1.88 | $0.95 | ($17.03) | ($2.25) | ($0.46) | |
| Interest expense | — | ($8.0m) | ($9.2m) | ($9.1m) | ($5.3m) | ($5.1m) | ($17.6m) | ($95.8m) | ($90.1m) | ($40.6m) | |
| Non-operating (expense) income, net | ($1.7m) | ($902k) | $3.8m | $2.9m | $124k | $480k | ($1.3m) | ($542k) | $267k | ($5.3m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.