Semtech (SMTC) Operating Expenses (2009 - 2026)

Semtech's Operating Expenses history runs 18 years deep, the most recent figure standing at $156.5 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 43.26% year-over-year to $156.5 million; the TTM figure through Jan 2026 stood at $509.6 million (up 25.33% YoY), while the FY2026 annual figure was $509.6 million, up 25.33% from the prior year.
• Operating Expenses for Q1 2026 stood at $156.5 million, up from $107.4 million in the prior quarter.
• The five-year high for Operating Expenses was $619.6 million in Q1 2024, with the low at $70.7 million in Q3 2022.
• The 5-year median for Operating Expenses is $105.3 million (2023), against an average of $153.9 million.
• The sharpest annual moves came in 2023 and 2025: Operating Expenses jumped 466.68% in 2023, then plunged 82.36% in 2025.
• Semtech's 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 gained by 4.11% to $107.4 million in 2025, then surged by 45.72% to $156.5 million in 2026.
• Business Quant data shows SMTC's Operating Expenses at $156.5 million in Q1 2026, $107.4 million in Q4 2025, and $150.3 million in Q3 2025.