Short answer
SEMTECH CORP (SMTC) filed its Q4 2025 10-Q quarterly report on Nov 25, 2025 for the quarter ended Oct 26, 2025. Quarterly revenue was $267M (up 12.7% year over year) with net income of −$3M.
Q4 2025 key financials · XBRL
- Revenue
- $267M
- +12.7% YoY · +3.6% QoQ
- Net income
- −$3M
- +62.3% YoY · +89.4% QoQ
- Operating margin
- 11.6%
- Gross margin
- 51.9%
- EPS (diluted)
- −$0.03
- −175.0% YoY · +90.3% QoQ
Source: XBRL data from the SEMTECH CORP (SMTC) Q4 2025 10-Q on SEC EDGAR. USD.
SEMTECH CORP Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- $42.0 million pre-tax non-cash goodwill impairment on IoT Connectivity Services in first nine months of fiscal 2026
- Impairment due to reduced earnings forecasts in IoT Connected Services reporting unit
- Fair value determined by discounted cash flow and earnings multiples models
- No revenue, profitability, cash flow, or guidance details disclosed in this section
Risk Factors
- New risk: $42M goodwill impairment related to reduced earnings forecasts for IoT Connected Services reporting unit in fiscal 2026
- Material update: Interest expense includes $21.2M induced conversion expense from 2025 Exchange of 2027 and 2028 Notes, altering financing costs
- Regulatory risk: Impact of 2025 OBBBA federal tax law changes including permanent deduction for domestic R&D and business interest expense limitation
- Operational risk: Elevated channel inventories and geopolitical tensions causing end customer demand uncertainty, requiring inventory alignment actions
- Financial risk: Liquidity with $164.7M cash, $451.6M available Revolving Credit Facility borrowing capacity, subject to net leverage and other conditions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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