Semtech (SMTC) Operating Expenses (2009 - 2026)

Semtech has reported Operating Expenses for 18 years, with the latest figure at $156.5 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 43.26% year-over-year to $156.5 million; the trailing twelve-month figure through Jan 2026 stood at $509.6 million (up 25.33% YoY), and the FY2026 full-year result 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.
• Average Operating Expenses over 5 years is $153.9 million, with a median of $105.3 million recorded in 2023.
• Year-over-year, Operating Expenses jumped 466.68% in 2023 and sank 82.36% in 2025.
• Tracing SMTC's Operating Expenses over 5 years: stood at $77.2 million in 2022, then surged by 36.45% to $105.3 million in 2023, then fell by 2.05% to $103.2 million in 2024, then climbed by 4.11% to $107.4 million in 2025, then jumped by 45.72% to $156.5 million in 2026.
• The last three Operating Expenses figures came in at $156.5 million (Q1 2026), $107.4 million (Q4 2025), and $150.3 million (Q3 2025), per Business Quant data.

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