Semtech (SMTC) Operating Expenses (2009 - 2026)

Semtech (SMTC) has reported Operating Expenses for 18 consecutive years, with $156.5 million the latest figure, recorded in 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 came in at $156.5 million for Q1 2026 at Semtech, 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.
• Average Operating Expenses over 5 years is $153.9 million, with a median of $105.3 million recorded in 2023.
• Across the five-year window, Operating Expenses surged 466.68% in 2023 and slumped 82.36% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $77.2 million in 2022, then jumped by 36.45% to $105.3 million in 2023, then decreased by 2.05% to $103.2 million in 2024, then increased by 4.11% to $107.4 million in 2025, then soared by 45.72% to $156.5 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $156.5 million, $107.4 million, and $150.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.