Filing Flows › Semtech (SMTC) › Q4 FY26
Semtech (SMTC) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 23, 2026
Semtech (SMTC) reported revenue of $274M for the fourth quarter fiscal 2026 (Q4 FY26), +9% from a year earlier and +3% from the quarter before. Operating margin was -6.7%, net loss $29.8M (10.9% of revenue).
Semtech, Q4 FY26: revenue $274M (+9% year over year), operating margin -6.7%, net loss $29.8M, operating cash flow $61.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $274M | +3% | +9% |
| Operating profit | −$18.3M | -159% | -186% |
| Net earnings | −$29.8M | — | -176% |
| Operating cash flow | $61.5M | +30% | +84% |
| Free cash flow | $59.1M | +32% | +91% |
What changed
Revenue was $274.4M in Q4 FY26, up 9% year over year and up 3% from the previous quarter. Products was the largest line at 91% of revenue.
Gross margin was 50.4%, down 1.6 points from Q4 FY25. Operating costs exceeded revenue by $18.3M, an operating margin of -6.7%. Operating expenses grew 43% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+463%). The quarter ended with a net loss of $29.8M, wider than the previous quarter's $2.9M loss.
Operating cash flow was $61.5M (up 84% year over year). Non-cash charges added back $16.5M of share-based compensation. Working capital and other items added $74.8M. Capital expenditures of $2.4M left free cash flow of $59.1M.
Questions
What was Semtech's revenue in the fourth quarter fiscal 2026?
Semtech (SMTC) reported revenue of $274M for the fourth quarter fiscal 2026 (Q4 FY26), +9% from a year earlier and +3% from the quarter before.
Was Semtech profitable in the fourth quarter fiscal 2026?
Operating loss was $18.3M (-6.7% of revenue) and net loss $29.8M.
Source: Semtech 10-K on SEC EDGAR.