Semtech Corporation (SMTC) Balance Sheet
SMTC balance sheet, FY2026
January 31, 2026 · U.S. dollars$1.41B assets = $860.6M liabilities + $549.7M equity
Both columns are drawn to the same scale: what SMTC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SMTC financial health
Current ratio2.37
Comfortable · current assets cover current liabilities 2.37×
Debt / equity0.90
Moderate leverage · $0.90 of debt for each $1 of equity
Equity / assets39.0%
Balanced · of assets funded by shareholders
Cash / debt39.2%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles35.3%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
SMTC balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.01BFY2017 | $1.41BFY2026 | +3.7%/yr | |
| Total liabilities | $408.9MFY2017 | $860.6MFY2026 | +8.6%/yr | |
| Shareholders’ equity | $605.3MFY2017 | $549.7MFY2026 | −1.1%/yr | |
| Cash & short-term investments | $297.1MFY2017 | $195.2MFY2026 | −4.6%/yr | |
| Total debt | $241.0MFY2017 | $497.3MFY2026 | +8.4%/yr | |
| Net cash (debt) | $56.2MFY2017 | −$302.1MFY2026 | −$358.3M | |
| Working capital | $315.5MFY2017 | $379.2MFY2026 | +$63.7M | |
| Book value per share | $9.16FY2017 | $6.22FY2026 | −4.2%/yr | |
| Current ratio | 3.57FY2017 | 2.37FY2026 | −1.19 | |
| Debt / equity | 0.40FY2017 | 0.90FY2026 | +0.51 | |
| Shares outstanding | 66.1MFY2017 | 88.4MFY2026 | +3.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SMTC assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
SMTC liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
SMTC debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SMTC balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $195.2M | $164.5M | $143.1M | $235.5M | $279.6M | $268.9M | $293.3M | $312.1M | $307.9M | $297.1M |
| Cash & equivalents | $195.2M | $151.7M | $128.6M | $235.5M | $279.6M | $268.9M | $293.3M | $312.1M | $307.9M | $297.1M |
| Short-term investments | $0 | $12.7M | $14.5M | $12.6M | $12.4M | $12.0M | $10.7M | $3.1M | $2.0M | $1.4M |
| Receivables | $196.2M | $188.1M | $151.6M | $161.7M | $71.5M | $70.4M | $61.9M | $79.2M | $53.2M | $51.4M |
| Inventory | $195.7M | $163.6M | $145.0M | $207.7M | $114.0M | $87.5M | $73.0M | $63.7M | $71.1M | $65.9M |
| Other current assets | $68.0M | $69.3M | $94.5M | $117.9M | $37.2M | $47.9M | $32.5M | $30.3M | $29.1M | $24.0M |
| Total current assets | $655.1M | $585.5M | $534.2M | $722.8M | $502.3M | $474.7M | $460.7M | $485.3M | $461.2M | $438.4M |
| Property, plant & equipment (net) | $132.8M | $126.2M | $177.5M | $169.3M | $134.9M | $130.9M | $124.4M | $118.5M | $124.6M | $108.9M |
| Goodwill & intangible assets | $497.9M | $566.2M | $576.8M | $1.50B | $357.9M | $362.9M | $371.2M | $387.7M | $402.1M | $391.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $23.2M | $19.4M | $41.5M | $29.1M |
| Other non-current assets | $124.5M | $141.4M | $85.3M | $180.7M | $135.7M | $113.6M | $72.2M | $52.0M | $56.4M | $46.2M |
| Total assets | $1.41B | $1.42B | $1.37B | $2.57B | $1.13B | $1.08B | $1.05B | $1.06B | $1.09B | $1.01B |
| Liabilities | ||||||||||
| Accounts payable | $84.1M | $59.2M | $45.1M | $100.7M | $50.7M | $50.2M | $48.0M | $43.2M | $37.2M | $42.0M |
| Short-term debt | $6.1M | $51.6M | $6.6M | $49.3M | $4.0M | $4.0M | $3.3M | $18.3M | $15.4M | $14.4M |
| Deferred revenue | $14.2M | $15.9M | $19.1M | $26.8M | $13.0M | $3.9M | $12.5M | $13.5M | $12.8M | $12.1M |
| Total current liabilities | $275.9M | $283.0M | $217.2M | $396.9M | $128.4M | $109.6M | $98.6M | $129.9M | $126.2M | $123.0M |
| Long-term debt | $491.2M | $505.9M | $1.37B | $1.30B | $171.7M | $179.2M | $194.7M | $192.8M | $211.1M | $226.5M |
| Lease obligations | $6.1M | $6.0M | $6.6M | $6.2M | $4.0M | $4.0M | $3.3M | — | — | — |
| Other long-term liabilities | $93.4M | $87.9M | $92.8M | $119.8M | $93.1M | $94.4M | $81.8M | $57.4M | $83.4M | $59.4M |
| Total liabilities | $860.6M | $876.8M | $1.68B | $1.81B | $393.1M | $383.1M | $375.2M | $380.2M | $420.8M | $408.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.0M | $990,000 | $785,000 | $785,000 | $785,000 | $785,000 | $785,000 | $785,000 | $415.8M | $391.7M |
| Retained earnings (deficit) | −$436.1M | −$395.7M | −$233.8M | $858.2M | $796.9M | $671.2M | $611.6M | $579.7M | $502.3M | $467.9M |
| Treasury stock | — | — | — | — | −$549.9M | −$438.8M | −$387.9M | −$346.2M | −$252.0M | −$253.1M |
| Accumulated other comprehensive income | −$7.7M | −$12.1M | −$3.0M | $3.4M | −$2.1M | −$8.2M | −$6.2M | −$3.6M | −$1.2M | −$1.3M |
| Minority interest | $0 | $0 | $184,000 | $183,000 | $191,000 | $210,000 | $246,000 | — | $0 | $0 |
| Total shareholders' equity | $549.7M | $542.4M | −$307.4M | $755.9M | $737.6M | $699.0M | $676.5M | $682.7M | $665.0M | $605.3M |
| Key figures | ||||||||||
| Total debt | $497.3M | $557.5M | $1.38B | $1.35B | $175.7M | $183.2M | $198.0M | $211.1M | $226.5M | $241.0M |
| Net cash (debt) | −$302.1M | −$393.1M | −$1.23B | −$1.11B | $103.9M | $85.7M | $95.3M | $101.0M | $81.4M | $56.2M |
| Working capital | $379.2M | $302.4M | $317.0M | $325.9M | $373.9M | $365.2M | $362.1M | $355.4M | $335.0M | $315.5M |
| Tangible book value | $51.8M | −$23.8M | −$884.2M | −$741.0M | $379.6M | $336.1M | $305.4M | $295.0M | $262.9M | $213.8M |
| Book value per share | $6.22 | $7.58 | −$4.79 | $11.81 | $11.25 | $10.58 | $10.03 | $9.97 | $9.84 | $9.16 |
| Shares outstanding | 88.4M | 71.6M | 64.1M | 64.0M | 65.6M | 66.1M | 67.4M | 68.5M | 67.6M | 66.1M |
| Current ratio | 2.37 | 2.07 | 2.46 | 1.82 | 3.91 | 4.33 | 4.67 | 3.74 | 3.65 | 3.57 |
| Quick ratio | 1.42 | 1.25 | 1.36 | 1.00 | 2.73 | 3.10 | 3.60 | 3.01 | 2.86 | 2.83 |
| Debt / equity | 0.90 | 1.03 | — | 1.78 | 0.24 | 0.26 | 0.29 | 0.31 | 0.34 | 0.40 |
| Equity / assets | 39.0% | 38.2% | −22.4% | 29.4% | 65.2% | 64.6% | 64.3% | 64.2% | 61.2% | 59.7% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $204.1M | $163.3M | $195.2M | $164.7M | $168.6M | $156.5M | $164.5M | $136.5M | $115.9M | $126.8M | $143.1M | $123.8M |
| Cash & equivalents | $204.1M | $163.3M | $195.2M | $164.7M | $168.6M | $156.5M | $151.7M | $136.5M | $115.9M | $126.8M | $128.6M | $123.8M |
| Short-term investments | — | — | $0 | $9.5M | $12.7M | — | $12.7M | $12.5M | $12.3M | $12.1M | $14.5M | $12.7M |
| Receivables | $169.9M | $174.8M | $196.2M | $164.8M | $153.5M | $165.7M | $188.1M | $142.5M | $153.0M | $153.9M | $151.6M | $156.6M |
| Inventory | $170.8M | $204.7M | $195.7M | $185.7M | $183.3M | $170.2M | $163.6M | $163.5M | $156.0M | $148.5M | $145.0M | $160.6M |
| Other current assets | $198.1M | $105.9M | $68.0M | $105.7M | $109.5M | $105.6M | $69.3M | $115.4M | $116.8M | $110.0M | $94.5M | $131.4M |
| Total current assets | $742.8M | $648.7M | $655.1M | $620.9M | $614.9M | $598.0M | $585.5M | $557.8M | $541.7M | $539.3M | $534.2M | $572.4M |
| Property, plant & equipment (net) | $105.2M | $106.7M | $132.8M | $111.0M | $115.6M | $120.2M | $126.2M | $133.2M | $139.5M | $146.9M | $177.5M | $158.8M |
| Goodwill & intangible assets | $522.8M | $530.1M | $497.9M | $525.2M | $526.8M | $570.3M | $566.2M | $578.1M | $576.5M | $576.0M | $576.8M | $1.18B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $276.1M | $153.4M | $124.5M | $148.8M | $148.5M | $143.4M | $141.4M | $110.0M | $110.3M | $114.3M | $85.3M | $125.0M |
| Total assets | $1.65B | $1.44B | $1.41B | $1.41B | $1.41B | $1.43B | $1.42B | $1.38B | $1.37B | $1.38B | $1.37B | $2.04B |
| Liabilities | ||||||||||||
| Accounts payable | $68.2M | $90.3M | $84.1M | $75.2M | $70.9M | $69.1M | $59.2M | $63.9M | $75.8M | $64.7M | $45.1M | $55.0M |
| Short-term debt | $149.1M | $6.1M | $6.1M | $6.5M | $6.6M | — | $51.6M | — | $6.6M | $6.3M | $6.6M | $6.2M |
| Deferred revenue | — | — | $14.2M | — | — | — | $15.9M | — | — | — | $19.1M | −$6.2M |
| Total current liabilities | $437.4M | $273.7M | $275.9M | $255.1M | $243.1M | $236.0M | $283.0M | $235.5M | $224.7M | $224.9M | $217.2M | $239.0M |
| Long-term debt | $349.4M | $492.0M | $491.2M | $490.5M | $518.9M | $542.6M | $505.9M | $1.19B | $1.19B | $1.37B | $1.37B | $1.37B |
| Lease obligations | — | — | $6.1M | — | — | — | $6.0M | — | — | — | $6.6M | — |
| Other long-term liabilities | $111.4M | $99.9M | $93.4M | $94.6M | $90.9M | $84.5M | $87.9M | $92.9M | $91.9M | $91.3M | $92.8M | $91.1M |
| Total liabilities | $898.2M | $865.6M | $860.6M | $840.2M | $853.0M | $863.1M | $876.8M | $1.52B | $1.51B | $1.69B | $1.68B | $1.70B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $990,000 | $990,000 | $990,000 | $885,000 | $885,000 | $785,000 | $785,000 | $785,000 |
| Retained earnings (deficit) | −$249.4M | −$409.5M | −$436.1M | −$406.3M | −$403.4M | −$376.3M | −$395.7M | −$434.8M | −$427.2M | −$256.9M | −$233.8M | $408.6M |
| Accumulated other comprehensive income | −$8.8M | −$7.4M | −$7.7M | −$12.8M | −$9.2M | −$9.4M | −$12.1M | −$6.2M | −$2.7M | $5.2M | −$3.0M | $5.5M |
| Minority interest | — | — | $0 | $0 | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $748.9M | $573.3M | $549.7M | $565.7M | $552.9M | $568.8M | $542.4M | −$139.7M | −$141.4M | −$313.1M | −$307.4M | $334.3M |
| Key figures | ||||||||||||
| Total debt | $525.0M | $492.0M | $497.3M | $490.5M | $518.9M | $542.6M | $557.5M | $1.19B | $1.19B | $1.37B | $1.38B | $1.37B |
| Net cash (debt) | −$320.9M | −$328.7M | −$302.1M | −$325.8M | −$350.4M | −$386.2M | −$393.1M | −$1.05B | −$1.08B | −$1.25B | −$1.23B | −$1.25B |
| Working capital | $305.4M | $375.0M | $379.2M | $365.7M | $371.8M | $362.1M | $302.4M | $322.3M | $317.1M | $314.4M | $317.0M | $333.4M |
| Tangible book value | $226.0M | $43.2M | $51.8M | $40.4M | $26.0M | −$1.5M | −$23.8M | −$717.8M | −$717.9M | −$889.1M | −$884.2M | −$847.6M |
| Book value per share | $7.43 | $5.85 | $5.94 | $6.45 | $6.38 | $6.35 | $6.01 | −$1.85 | −$2.17 | −$4.85 | −$4.78 | $5.21 |
| Shares outstanding | 100.8M | 98.0M | 92.6M | 87.7M | 86.7M | 89.6M | 90.3M | 75.3M | 65.3M | 64.5M | 64.4M | 64.2M |
| Current ratio | 1.70 | 2.37 | 2.37 | 2.43 | 2.53 | 2.53 | 2.07 | 2.37 | 2.41 | 2.40 | 2.46 | 2.40 |
| Quick ratio | 0.85 | 1.24 | 1.42 | 1.29 | 1.32 | 1.37 | 1.25 | 1.18 | 1.20 | 1.25 | 1.36 | 1.17 |
| Debt / equity | 0.70 | 0.86 | 0.90 | 0.87 | 0.94 | 0.95 | 1.03 | — | — | — | — | 4.11 |
| Equity / assets | 45.5% | 39.8% | 39.0% | 40.2% | 39.3% | 39.7% | 38.2% | −10.1% | −10.3% | −22.7% | −22.4% | 16.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 23, 2026); data from EODHD.
SMTC financial position
At the end of fiscal 2026 (January 31, 2026), Semtech had total assets of $1.4 billion (down 0.6% from a year earlier), total liabilities of $860.6 million and shareholders' equity of $549.7 million. It held $195.2 million in cash and short-term investments against $497.3 million of debt, net debt of $302.1 million. Its current ratio was 2.37. In the latest quarter (ended July 31, 2026) total assets were $1.6 billion and equity $748.9 million.
Related: SMTC income statement, SMTC cash flow statement, SMTC key metrics. See the SMTC stock overview for the latest quote and news.
SMTC balance sheet FAQ
What are Semtech's total assets?
Semtech reported total assets of $1.4 billion at the end of fiscal 2026 (January 31, 2026), compared with $1.4 billion a year earlier.
How much debt does Semtech have?
Semtech had $497.3 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.90.
How much cash does Semtech have?
Semtech held $195.2 million in cash and short-term investments at the end of fiscal 2026; with $497.3 million of debt that is net debt of $302.1 million.
What is Semtech's book value?
Semtech's shareholders' equity (book value) was $549.7 million at the end of fiscal 2026, or $6.22 per share.
What is Semtech's current ratio?
Semtech had current assets of $655.1 million and current liabilities of $275.9 million, a current ratio of 2.37 (it can cover its short-term obligations).
How much goodwill does Semtech have?
Semtech carried $497.9 million of goodwill and intangible assets, 35.3% of total assets, at the end of fiscal 2026.