Semtech (SMTC) Gross Margin (2009 - 2026)

Semtech's Gross Margin history runs 18 years deep, the most recent figure standing at 50.4% for Q1 2026.

• In Q1 2026, Gross Margin fell 159.0% year-over-year to 50.4%; the TTM figure through Jan 2026 stood at 51.63% (up 143.0% YoY), while the FY2026 annual figure was 51.63%, up 143.0% from the prior year.
• Gross Margin was 50.4% for Q1 2026 at Semtech, down from 51.87% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 64.5% in Q4 2022 to a low of 0.2% in Q1 2024.
• Historically, Gross Margin has averaged 50.17% across 5 years, with a median of 51.87% in 2025.
• The sharpest annual moves came in 2024 and 2025: Gross Margin sank 5991 bps in 2024, then surged 5220 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 64.5% in 2022, then decreased by 28 bps to 46.27% in 2023, then grew by 10 bps to 51.08% in 2024, then advanced by 2 bps to 51.87% in 2025, then retreated by 3 bps to 50.4% in 2026.
• The last three Gross Margin figures came in at 50.4% (Q1 2026), 51.87% (Q4 2025), and 52.06% (Q3 2025), per Business Quant data.