Growth Metrics

Semtech (SMTC) Operating Margin (2016 - 2026)

Semtech has reported Operating Margin over the past 18 years, most recently at 6.66% for Q1 2026.

  • Quarterly results put Operating Margin at 6.66% for Q1 2026, down 1512.0% from a year ago — trailing twelve months through Jan 2026 was 3.1% (down 239.0% YoY), and the annual figure for FY2026 was 3.1%, down 239.0%.
  • Operating Margin for Q1 2026 was 6.66% at Semtech, down from 11.63% in the prior quarter.
  • Over the last five years, Operating Margin for SMTC hit a ceiling of 30.6% in Q3 2022 and a floor of 321.31% in Q1 2024.
  • Median Operating Margin over the past 5 years was 3.61% (2024), compared with a mean of 21.18%.
  • Biggest five-year swings in Operating Margin: tumbled -28808bps in 2024 and later surged 32977bps in 2025.
  • Semtech's Operating Margin stood at 21.04% in 2022, then plummeted by -129bps to 6.16% in 2023, then skyrocketed by 222bps to 7.51% in 2024, then skyrocketed by 55bps to 11.63% in 2025, then plummeted by -157bps to 6.66% in 2026.
  • The last three reported values for Operating Margin were 6.66% (Q1 2026), 11.63% (Q4 2025), and 6.29% (Q3 2025) per Business Quant data.