Semtech Corporation

SMTCNASDAQTechnology● Active

$155.62

+$4.60(+3.05%)

Market Cap$14.5B

P/E Ratio—

52W High$172.36

52W Low$37.03

Avg Volume3.0M

Open$158.31

Beta2.32

Overview

Semtech Corporation (SMTC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

SMTC · free cash flow · updated Jun 8, 2026

Core FCF metrics

SMTC · FCF · TTM · margin & CAGR

Free cash flow was $159.7M for FY2026 (fiscal year ending 2026-01-25), up 264.8% year-over-year The FCF margin was 15.2%. Five-year CAGR stands at +13.1%.

FY2026 Free Cash Flow$159.7M▲ +264.8% YoY

Trailing 12M (TTM)$162.1Mtrailing 4 quarters sum

FCF Margin15.2%$159.7M ÷ revenue

3-Year CAGR+17.5%FY2023 → FY2026

5-Year CAGR+13.1%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

SMTC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$169.5M(10M)$159.7M▲ +264.8%15.2%

FY2025$58.0M(14M)$43.8M▲ +135.0%4.8%

FY2024−$93.9M(31M)−$125.0M▼ 227.1%-14.4%

FY2023$126.7M(28M)$98.4M▼ 44.4%13.0%

FY2022$203.1M(26M)$176.9M▲ +105.3%23.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

SMTC · P/FCF · FCF yield · FCF per share

Semtech Corporation (SMTC) trades at a FCF yield of 1.15% and a price-to-free-cash-flow ratio of 85.0x. FCF per share stands at $1.83, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.15%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.83

TTM FCF ÷ Shares Outstanding

Price / FCF

x85.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x88.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-25

Cash flow statement summary

SMTC · cash flow statement · operating / investing / financing

For FY2026, Semtech Corporation generated $169.5M in operating cash flow and spent 10M in capital expenditures, yielding $159.7M in free cash flow.

Operating Activities

+$169.5M

Cash from core business operations

2026-01-25

Investing Activities

−$38.8M

CapEx, acquisitions & investments

2026-01-25

Financing Activities

−$89.4M

Buybacks, dividends & debt

2026-01-25

FCF FormulaOperating CF ($169.5M) − |CapEx| (10M) = FCF ($159.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

SMTC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Semtech CorporationYOU

SMTC

$159.7M+264.8%15.2%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Semtech Corporation (SMTC) reported free cash flow of $159.7M for FY2026 (fiscal year ending 2026-01-25), up 264.8% year-over-year. The FCF margin was 15.2%.

Based on available data, Semtech Corporation has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $176.9M in FY2022. The 5-year CAGR stands at +13.1%.

Semtech Corporation's FCF yield is 1.15% and price-to-FCF ratio is 85.0x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

SMTC free cash flow · 8 questions

Semtech Corporation free cash flow was $159.7M for FY2026, up 264.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $162.1M.

SMTC free cash flowSMTC FCFSMTC FCF 2026SMTC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Semtech Corporation · Semtech Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026