Below are the financial statements of Semtech, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 868,758a | 756,533a | 740,858a |
| Cost of sales | -447,000a | -272,314a | -274,777a |
| Amortization of acquired technology | -33,716a | -5,661a | -4,942a |
| Acquired technology impairments | -91,792a | 0a | 0a |
| Total cost of sales | -572,508a | -277,975a | -279,719a |
| Gross profit | 296,250a | 478,558a | 461,139a |
| Operating costs and expenses, net | — | — | — |
| Selling, general and administrative | -220,220a | -224,812a | -168,210a |
| Product development and engineering | -186,450a | -166,948a | -147,925a |
| Intangible amortization | -14,913a | -821a | 0a |
| Restructuring | -23,775a | -11,491a | 0a |
| Gain on sale of business | 0a | -18,313a | 0a |
| Changes in the fair value of contingent earn-out obligations | 0a | 0a | -13a |
| Intangible impairments | -39,593a | 0a | 0a |
| Goodwill impairment | -755,621a | 0a | 0a |
| Total operating costs and expenses, net | -1,240,572a | -385,759a | -316,122a |
| Operating (loss) income | -944,322a | 92,799a | 145,017a |
| Interest expense | -95,813a | -17,646a | -5,091a |
| Interest income | 3,051a | 5,801a | 1,469a |
| Non-operating expense, net | -542a | -1,331a | -989a |
| Investment impairments and credit loss reserves, net | -3,929a | -1,156a | -1,337a |
| (Loss) income before taxes and equity method income | -1,041,555a | 78,467a | 139,069a |
| Provision for income taxes | -50,519a | -17,344a | -15,539a |
| Net (loss) income before equity method income | -1,092,074a | 61,123a | 123,530a |
| Equity method income | 45a | 249a | 2,115a |
| Net (loss) income | -1,092,029a | 61,372a | 125,645a |
| Net income (loss) attributable to noncontrolling interest | 1a | -8a | -19a |
| Net (loss) income attributable to common stockholders | -1,092,030a | 61,380a | 125,664a |
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