Semtech Corp
NASDAQ:SMTC
Income Statement
Earnings Waterfall
Semtech Corp
Revenue
|
843.3m
USD
|
Cost of Revenue
|
-448.6m
USD
|
Gross Profit
|
394.7m
USD
|
Operating Expenses
|
-467.8m
USD
|
Operating Income
|
-73.2m
USD
|
Other Expenses
|
-427.5m
USD
|
Net Income
|
-500.7m
USD
|
Income Statement
Semtech Corp
Oct-2013 | Jan-2014 | Apr-2014 | Jul-2014 | Oct-2014 | Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | May-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Jan-2018 | Apr-2018 | Jul-2018 | Oct-2018 | Jan-2019 | Apr-2019 | Jul-2019 | Oct-2019 | Jan-2020 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | May-2021 | Aug-2021 | Oct-2021 | Jan-2022 | May-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
619
N/A
|
595
-4%
|
565
-5%
|
546
-3%
|
554
+1%
|
558
+1%
|
555
-1%
|
535
-4%
|
502
-6%
|
490
-2%
|
491
+0%
|
501
+2%
|
523
+4%
|
544
+4%
|
557
+2%
|
574
+3%
|
587
+2%
|
588
+0%
|
574
-2%
|
585
+2%
|
608
+4%
|
627
+3%
|
628
+0%
|
602
-4%
|
570
-5%
|
548
-4%
|
549
+0%
|
555
+1%
|
569
+2%
|
595
+5%
|
633
+6%
|
674
+7%
|
715
+6%
|
741
+4%
|
773
+4%
|
797
+3%
|
780
-2%
|
757
-3%
|
791
+5%
|
820
+4%
|
843
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(250)
|
(255)
|
(245)
|
(238)
|
(240)
|
(226)
|
(223)
|
(216)
|
(202)
|
(197)
|
(198)
|
(202)
|
(212)
|
(219)
|
(226)
|
(232)
|
(237)
|
(236)
|
(236)
|
(238)
|
(244)
|
(250)
|
(241)
|
(231)
|
(218)
|
(211)
|
(213)
|
(216)
|
(221)
|
(239)
|
(253)
|
(267)
|
(278)
|
(280)
|
(287)
|
(292)
|
(283)
|
(277)
|
(340)
|
(403)
|
(449)
|
|
Gross Profit |
369
N/A
|
340
-8%
|
320
-6%
|
308
-4%
|
314
+2%
|
332
+6%
|
332
+0%
|
319
-4%
|
300
-6%
|
293
-2%
|
293
+0%
|
300
+2%
|
311
+4%
|
325
+4%
|
331
+2%
|
342
+3%
|
350
+2%
|
352
+1%
|
339
-4%
|
346
+2%
|
364
+5%
|
377
+4%
|
387
+3%
|
372
-4%
|
351
-5%
|
337
-4%
|
336
0%
|
340
+1%
|
348
+2%
|
356
+2%
|
380
+7%
|
407
+7%
|
437
+7%
|
461
+6%
|
486
+5%
|
505
+4%
|
497
-2%
|
480
-3%
|
451
-6%
|
417
-7%
|
395
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(296)
|
(276)
|
(266)
|
(258)
|
(255)
|
(267)
|
(275)
|
(277)
|
(261)
|
(259)
|
(255)
|
(247)
|
(265)
|
(264)
|
(265)
|
(272)
|
(277)
|
(280)
|
(289)
|
(282)
|
(275)
|
(271)
|
(266)
|
(270)
|
(273)
|
(283)
|
(287)
|
(286)
|
(290)
|
(291)
|
(293)
|
(302)
|
(316)
|
(324)
|
(321)
|
(331)
|
(321)
|
(329)
|
(422)
|
(445)
|
(468)
|
|
Selling, General & Administrative |
(136)
|
(112)
|
(110)
|
(108)
|
(109)
|
(129)
|
(135)
|
(138)
|
(137)
|
(136)
|
(133)
|
(131)
|
(136)
|
(137)
|
(137)
|
(143)
|
(144)
|
(143)
|
(151)
|
(145)
|
(148)
|
(144)
|
(142)
|
(150)
|
(148)
|
(161)
|
(165)
|
(162)
|
(167)
|
(163)
|
(167)
|
(171)
|
(176)
|
(168)
|
(173)
|
(179)
|
(172)
|
(162)
|
(239)
|
(251)
|
(258)
|
|
Research & Development |
(130)
|
(135)
|
(128)
|
(124)
|
(120)
|
(113)
|
(115)
|
(115)
|
(113)
|
(114)
|
(109)
|
(107)
|
(106)
|
(103)
|
(103)
|
(104)
|
(106)
|
(105)
|
(105)
|
(106)
|
(105)
|
(109)
|
(110)
|
(108)
|
(108)
|
(107)
|
(109)
|
(112)
|
(113)
|
(127)
|
(127)
|
(133)
|
(142)
|
(155)
|
(150)
|
(155)
|
(153)
|
(166)
|
(179)
|
(186)
|
(197)
|
|
Depreciation & Amortization |
(31)
|
(29)
|
(28)
|
(27)
|
(26)
|
(26)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(29)
|
(28)
|
(27)
|
(25)
|
(22)
|
(20)
|
(17)
|
(14)
|
(12)
|
(10)
|
(1)
|
(5)
|
(4)
|
(4)
|
0
|
(3)
|
(1)
|
(1)
|
(1)
|
(6)
|
(11)
|
(15)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
14
|
16
|
12
|
17
|
3
|
0
|
0
|
0
|
(0)
|
(4)
|
(4)
|
(3)
|
6
|
9
|
12
|
11
|
2
|
2
|
0
|
0
|
0
|
0
|
6
|
6
|
6
|
0
|
4
|
4
|
4
|
0
|
2
|
2
|
2
|
|
Operating Income |
73
N/A
|
64
-13%
|
55
-14%
|
50
-9%
|
59
+18%
|
65
+10%
|
57
-11%
|
42
-27%
|
39
-7%
|
35
-12%
|
38
+11%
|
52
+36%
|
46
-11%
|
61
+31%
|
67
+10%
|
69
+4%
|
73
+5%
|
72
-2%
|
50
-31%
|
64
+28%
|
88
+38%
|
106
+20%
|
121
+14%
|
102
-16%
|
78
-24%
|
54
-31%
|
49
-9%
|
54
+10%
|
58
+6%
|
65
+13%
|
87
+33%
|
105
+21%
|
121
+15%
|
138
+14%
|
164
+19%
|
174
+6%
|
176
+1%
|
151
-14%
|
30
-80%
|
(27)
N/A
|
(73)
-168%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(21)
|
(19)
|
(16)
|
(7)
|
(6)
|
(5)
|
(6)
|
(7)
|
(7)
|
(9)
|
(8)
|
(8)
|
(7)
|
(10)
|
(10)
|
(11)
|
(11)
|
(7)
|
(7)
|
(7)
|
(7)
|
(9)
|
(10)
|
(10)
|
(10)
|
(9)
|
(8)
|
(7)
|
(6)
|
(3)
|
(3)
|
(2)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(5)
|
(22)
|
(45)
|
(71)
|
|
Non-Reccuring Items |
(3)
|
(173)
|
(173)
|
(170)
|
(170)
|
(22)
|
(21)
|
(25)
|
(26)
|
(5)
|
0
|
(1)
|
25
|
23
|
22
|
22
|
(3)
|
(11)
|
(10)
|
(10)
|
(41)
|
(31)
|
(31)
|
(33)
|
(2)
|
(3)
|
(7)
|
(6)
|
(7)
|
3
|
(3)
|
(2)
|
(2)
|
6
|
(1)
|
18
|
9
|
(67)
|
(4)
|
(312)
|
(311)
|
|
Total Other Income |
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
1
|
3
|
5
|
5
|
5
|
4
|
5
|
5
|
5
|
3
|
2
|
1
|
0
|
(2)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(3)
|
(4)
|
(1)
|
|
Pre-Tax Income |
48
N/A
|
(129)
N/A
|
(134)
-4%
|
(128)
+5%
|
(117)
+8%
|
37
N/A
|
30
-19%
|
11
-64%
|
5
-50%
|
20
+278%
|
29
+43%
|
42
+45%
|
63
+48%
|
73
+17%
|
77
+6%
|
80
+3%
|
60
-25%
|
58
-4%
|
37
-36%
|
52
+39%
|
46
-12%
|
70
+54%
|
86
+23%
|
65
-24%
|
71
+9%
|
45
-37%
|
36
-19%
|
42
+15%
|
45
+9%
|
63
+40%
|
79
+25%
|
98
+25%
|
114
+17%
|
139
+22%
|
159
+14%
|
187
+18%
|
180
-4%
|
79
-56%
|
1
-99%
|
(388)
N/A
|
(456)
-17%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
11
|
(36)
|
(37)
|
(45)
|
(50)
|
(9)
|
(10)
|
(9)
|
(11)
|
(9)
|
(11)
|
(14)
|
(15)
|
(18)
|
(18)
|
(17)
|
(14)
|
41
|
63
|
61
|
61
|
2
|
(14)
|
(16)
|
(15)
|
(13)
|
(15)
|
(7)
|
(5)
|
(3)
|
(5)
|
(9)
|
(10)
|
(16)
|
(21)
|
(30)
|
(33)
|
(17)
|
(7)
|
(51)
|
(45)
|
|
Income from Continuing Operations |
60
|
(165)
|
(171)
|
(173)
|
(167)
|
28
|
20
|
2
|
(5)
|
12
|
19
|
28
|
48
|
55
|
60
|
63
|
46
|
99
|
100
|
112
|
106
|
72
|
72
|
49
|
55
|
32
|
21
|
35
|
40
|
60
|
73
|
89
|
104
|
124
|
138
|
157
|
147
|
61
|
(6)
|
(440)
|
(501)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
1
|
3
|
2
|
2
|
2
|
0
|
0
|
0
|
0
|
(0)
|
|
Net Income (Common) |
60
N/A
|
(165)
N/A
|
(171)
-4%
|
(173)
-1%
|
(167)
+3%
|
28
N/A
|
20
-28%
|
2
-91%
|
(5)
N/A
|
12
N/A
|
19
+61%
|
28
+50%
|
48
+72%
|
55
+14%
|
60
+9%
|
63
+6%
|
46
-28%
|
35
-24%
|
35
+2%
|
48
+36%
|
47
-2%
|
70
+49%
|
70
+1%
|
47
-33%
|
49
+4%
|
32
-35%
|
21
-33%
|
35
+65%
|
40
+13%
|
60
+51%
|
74
+23%
|
91
+23%
|
107
+18%
|
126
+18%
|
140
+11%
|
159
+13%
|
147
-7%
|
61
-58%
|
(6)
N/A
|
(440)
-7 108%
|
(501)
-14%
|