Filing Flows › Semtech (SMTC) › Q2 FY27 › vs Q2 FY26
Semtech (SMTC) Q2 FY27 vs Q2 FY26 (year over year)
Semtech's revenue rose $84.3M (+33%) from $258M in Q2 FY26 to $342M in Q2 FY27. Gross margin 53.8% against 52.1% (+1.7 pts).
Semtech, Q2 FY27: revenue $342M (+33% year over year), operating margin 16.3%, net earnings $160M, operating cash flow $68.9M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 53.8% | 52.1% | +1.7 pts |
| Operating margin | 16.3% | -6.3% | +22.6 pts |
| Net margin | 46.8% | -10.5% | +57.3 pts |
| Free cash flow margin | 18.0% | 16.1% | +1.8 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $342M | $258M | $84.3M | +33% |
| Gross profit | $184M | $134M | $49.7M | +37% |
| Cost of revenue | $158M | $123M | $34.6M | +28% |
| Other income, net | $3.0M | −$6.0M | $9.0M | — |
| Operating profit | $55.8M | −$16.2M | $72.0M | — |
| Operating expenses | $128M | $150M | −$22.3M | -15% |
| Pre-tax earnings | $58.8M | −$22.2M | $81.0M | — |
| Research & development | $60.6M | $48.2M | $12.4M | +26% |
| SG&A | $67.3M | $58.5M | $8.9M | +15% |
| Income tax benefit | $101M | −$4.8M | $106M | — |
| Net earnings | $160M | −$27.1M | $187M | — |
| Depreciation & amortization | $9.8M | $10.3M | −$560K | -5% |
| Share-based compensation | $23.8M | $17.3M | $6.5M | +38% |
| Working capital & other | $125M | −$43.8M | $169M | — |
| Operating cash flow | $68.9M | $44.4M | $24.5M | +55% |
| Free cash flow (company-reported) | $61.4M | $41.5M | $19.9M | +48% |
| Net capital expenditures | $7.5M | $2.9M | $4.6M | +159% |
Questions
How much did Semtech's revenue grow year over year in Q2 FY27?
Semtech's revenue rose $84.3M (+33%) from $258M in Q2 FY26 to $342M in Q2 FY27. Gross margin 53.8% against 52.1% (+1.7 pts).