Semtech (SMTC) Operating Margin (2009 - 2026)
Semtech (SMTC) posted quarterly Operating Margin of 6.66% for Q1 2026, down 1512.0% year-over-year from 0.47% in Q1 2025, and down 157.23% on a QoQ basis from 11.63% in Q4 2025.
Semtech (SMTC) Operating Margin (2009 - 2026) Analysis & Trends
Semtech (SMTC) has reported Operating Margin for 18 consecutive years, with 6.66% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 1512.0% year-over-year to 6.66%; the TTM figure through Jan 2026 stood at 3.1% (down 239.0% YoY), while the FY2026 annual figure was 3.1%, down 239.0% from the prior year.
- Operating Margin came in at 6.66% for Q1 2026 at Semtech, down from 11.63% in the prior quarter.
- The five-year high for Operating Margin was 30.6% in Q3 2022, with the low at 321.31% in Q1 2024.
- Average Operating Margin over 5 years is 21.18%, with a median of 3.61% recorded in 2024.
- Across the five-year window, Operating Margin sank 28808 bps in 2024 and soared 32977 bps in 2025, its largest moves.
- Year by year, Operating Margin stood at 21.04% in 2022, then slumped by 129 bps to 6.16% in 2023, then soared by 222 bps to 7.51% in 2024, then soared by 55 bps to 11.63% in 2025, then tumbled by 157 bps to 6.66% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 6.66%, 11.63%, and 6.29% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 4,798.43 Bn | 4,754.95 Bn | 61.16 Bn | 65.60% |
| 2 | Micron Technology | 1,164.41 Bn | 1,138.39 Bn | 35.06 Bn | 80.37% |
| 3 | Advanced Micro Devices | 882.18 Bn | 869.83 Bn | 5.42 Bn | 14.40% |
| 4 | Intel | 645.64 Bn | 626.45 Bn | 5.35 Bn | -23.10% |
| 5 | Aeluma | 370.26 Bn | 370.22 Bn | 386,000.00 | -273.90% |
| 6 | Arm Holdings | 358.73 Bn | 355.13 Bn | 1.46 Bn | 29.40% |
| 7 | Texas Instruments | 271.25 Bn | 266.15 Bn | 2.80 Bn | 37.47% |
| 8 | Marvell Technology | 239.95 Bn | 236.10 Bn | 1.26 Bn | 14.04% |
| 9 | Qualcomm | 193.93 Bn | 184.13 Bn | 4.16 Bn | 25.49% |
| 10 | Semtech | 12.99 Bn | 12.80 Bn | 138.27 Mn | -6.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 25, 2026 | -6.66% |
| Oct 26, 2025 | 11.63% |
| Jul 27, 2025 | -6.29% |
| Apr 27, 2025 | 14.33% |
| Jan 26, 2025 | 8.46% |
| Oct 27, 2024 | 7.51% |
| Jul 28, 2024 | 3.61% |
| Apr 28, 2024 | 1.52% |
| Jan 28, 2024 | -321.31% |
| Oct 29, 2023 | -6.16% |
| Jul 30, 2023 | -125.90% |
| Apr 30, 2023 | -5.02% |
| Jan 29, 2023 | -33.23% |
| Oct 30, 2022 | 21.04% |
| Jul 31, 2022 | 30.60% |
| May 1, 2022 | 23.28% |
| Jan 30, 2022 | 22.55% |
| Oct 31, 2021 | 19.20% |
| Aug 1, 2021 | 19.82% |
| May 2, 2021 | 16.42% |