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Semtech (SMTC) Operating Expenses (2016 - 2026)

Semtech has reported Operating Expenses over the past 18 years, most recently at $156.5 million for Q1 2026.

  • For Q1 2026, Operating Expenses rose 43.26% year-over-year to $156.5 million; the TTM value through Jan 2026 reached $509.6 million, up 25.33%, while the annual FY2026 figure was $509.6 million, 25.33% up from the prior year.
  • Operating Expenses for Q1 2026 was $156.5 million at Semtech, up from $107.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $619.6 million in Q1 2024 and troughed at $70.7 million in Q3 2022.
  • A 5-year average of $153.9 million and a median of $105.3 million in 2023 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: surged 466.68% in 2023 and later plummeted 82.36% in 2025.
  • Year by year, Operating Expenses stood at $77.2 million in 2022, then soared by 36.45% to $105.3 million in 2023, then dropped by 2.05% to $103.2 million in 2024, then grew by 4.11% to $107.4 million in 2025, then surged by 45.72% to $156.5 million in 2026.
  • Business Quant data shows Operating Expenses for SMTC at $156.5 million in Q1 2026, $107.4 million in Q4 2025, and $150.3 million in Q3 2025.