SMTC FY 2022 Earnings Report — Semtech Corporation Revenue & Financial Results | Market Cap Arena

Semtech CorporationSMTC

FY 2022 Earnings

Reported March 16, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$741M	—	$595M	—	24.5%
Op. Income	$142M	—	$75M	—	90.5%
Gross Margin	62.2%	—	59.7%	—	2.5pp
Net Margin	17.0%	—	10.1%	—	6.9pp
EPS (Diluted)	$1.92	—	$0.91	—	111.0%
Free Cash Flow	$177M	—	$86M	—	105.3%

Revenue Flow

Item	Amount
REVENUE	$741M
Cost of Revenue	$280M
GROSS PROFIT	$461M
R&D Expenses	$148M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$171M
Other Expenses	$0
Operating Expenses	$319M
Cost & Expenses	$599M
OPERATING INCOME	$142M
Interest Income	$1M
Interest Expense	$6M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$141M
Income Tax Expense	$16M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$35M
EBIT	$142M
EBITDA	$178M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$741M
Cost of Revenue	$280M
GROSS PROFIT	$461M
R&D Expenses	$148M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$171M
Other Expenses	$0
Operating Expenses	$319M
Cost & Expenses	$599M
OPERATING INCOME	$142M
Interest Income	$1M
Interest Expense	$6M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$141M
Income Tax Expense	$16M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$35M
EBIT	$142M
EBITDA	$178M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$126M
Depreciation & Amortization	$35M
Stock-Based Compensation	$51M
Deferred Income Tax	-$4M
Other Non-Cash Items	$4M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$203M
Capital Expenditure	-$26M
Acquisitions (Net)	$110.0K
Purchases of Investments	-$8M
Sales/Maturities of Investments	-$110.0K
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$40M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$130M
Common Dividends Paid	$0
Other Financing Activities	-$14M
NET CASH FROM FINANCING	-$152M
FREE CASH FLOW	$177M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$280M
Short-Term Investments	$0
Net Receivables	$72M
Inventory	$114M
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$502M
PP&E (Net)	$135M
Goodwill	$351M
Intangible Assets	$7M
Long-Term Investments	$38M
Tax Assets	$28M
Other Non-Current Assets	$70M
TOTAL NON-CURRENT ASSETS	$629M
TOTAL ASSETS	$1.1B
Account Payables	$51M
Short-Term Debt	-$15M
Deferred Revenue	$13M
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$128M
Long-Term Debt	$172M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$92M
TOTAL NON-CURRENT LIABILITIES	$265M
TOTAL LIABILITIES	$393M
Common Stock	$785.0K
Additional Paid-In Capital	$492M
Retained Earnings	$797M
Treasury Stock	-$550M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$738M
Minority Interest	$191.0K
TOTAL EQUITY	$738M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$176M
Net Debt	-$104M