Semtech (SMTC) Gross Margin (2009 - 2026)
Semtech (SMTC) posted Gross Margin of 53.75% for Q3 2026, up 6.65% on a QoQ basis from 50.4% in Q1 2026, and up 169.0% year-over-year from 19.98% in Q3 2025.
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Semtech (SMTC) Gross Margin (2009 - 2026) Analysis & Trends
Semtech has reported Gross Margin for 18 years, with the latest figure at 53.75% in Q3 2026.
- On a quarterly basis, Gross Margin rose 169.0% year-over-year to 53.75% in Q3 2026; TTM through Jul 2026 was 52.12%, a 25.0% increase from a year earlier, with the FY2026 full-year figure at 51.63%, up 143.0% from the prior year.
- Gross Margin was 53.75% for Q3 2026 at Semtech, up from 50.4% in the prior quarter.
- The five-year high for Gross Margin was 64.5% in Q4 2022, with the low at 0.2% in Q1 2024.
- Average Gross Margin over 5 years is 50.37%, with a median of 51.93% recorded in 2025.
- The sharpest annual moves came in 2024 and 2025: Gross Margin plunged 5991 bps in 2024, then soared 5220 bps in 2025.
- Over 5 years, Gross Margin stood at 64.5% in 2022, then slipped by 28 bps to 46.27% in 2023, then increased by 10 bps to 51.08% in 2024, then climbed by 2 bps to 51.87% in 2025, then climbed by 4 bps to 53.75% in 2026.
- The last three Gross Margin figures came in at 53.75% (Q3 2026), 50.4% (Q1 2026), and 51.87% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 2,246.74 Bn | 2,142.69 Bn | 27.22 Bn | 67.72% |
| 2 | Micron Technology | 1,101.07 Bn | 1,075.05 Bn | 35.06 Bn | 84.56% |
| 3 | Intel | 519.13 Bn | 505.00 Bn | 6.51 Bn | 40.36% |
| 4 | Texas Instruments | 245.39 Bn | 238.39 Bn | 3.35 Bn | 61.36% |
| 5 | Analog Devices | 183.54 Bn | 181.22 Bn | 2.71 Bn | 67.32% |
| 6 | NXP Semiconductors | 59.67 Bn | 56.81 Bn | 2.00 Bn | 57.27% |
| 7 | United Microelectronics | 57.00 Bn | 53.04 Bn | 706.26 Mn | 32.48% |
| 8 | STMicroelectronics | 45.78 Bn | 41.92 Bn | 1.22 Bn | 34.90% |
| 9 | Microchip Technology | 40.29 Bn | 40.02 Bn | 938.90 Mn | 63.24% |
| 10 | Semtech | 15.61 Bn | 15.40 Bn | 183.76 Mn | 53.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 53.75% |
| Jan 25, 2026 | 50.40% |
| Oct 26, 2025 | 51.87% |
| Jul 27, 2025 | 52.06% |
| Apr 27, 2025 | 52.29% |
| Jan 26, 2025 | 51.99% |
| Oct 27, 2024 | 51.08% |
| Jul 28, 2024 | 48.97% |
| Apr 28, 2024 | 48.32% |
| Jan 28, 2024 | -0.20% |
| Oct 29, 2023 | 46.27% |
| Jul 30, 2023 | 42.26% |
| Apr 30, 2023 | 43.52% |
| Jan 29, 2023 | 59.70% |
| Oct 30, 2022 | 64.50% |
| Jul 31, 2022 | 64.41% |
| May 1, 2022 | 63.92% |
| Jan 30, 2022 | 61.48% |
| Oct 31, 2021 | 63.45% |
| Aug 1, 2021 | 62.39% |