SMTCSemtech Corporation·2027Q2 10-QPaidFiling score 63 · Moderate

Semtech's $26.4m of stock compensation exceeds its $25.8m operating income

FY2027 Q2 10-Q: revenue rose 6% to $291.0m and operating income was $25.8m. In the same quarter share-based compensation jumped 61% to $26.4m, past the operating line. Income tax recorded was $112,000

Semtech's $26.4m of stock compensation exceeds its $25.8m operating income
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Semtech (SMTC) reported revenue of $291.0m for the second quarter of fiscal 2027, up 6% on the prior quarter, with operating income of $25.8m. Share-based compensation in the same quarter's cash flow statement was $26.4m — $0.6m more than the operating income.

In plain terms

Semtech makes the chips that go into communications gear and connected devices. Revenue and profit both grew this quarter. What staff were paid in stock, though, came to more than the operating profit. That pay is recorded as a cost but no cash leaves the company. Very little tax was recorded this quarter.

What happened

Semtech (SMTC) makes the semiconductors that go into communications equipment and connected devices.

In the second quarter of fiscal 2027 revenue and profit grew together.

Line Prior quarter FY2027 Q2
Revenue $274.4m $291.0m (+6.0%)
Gross profit $138.3m $151.5m
Gross margin 50.4% 52.1%
Operating income $(18.3)m +$25.8m

An $18.3m operating loss in the prior quarter became $25.8m of operating income in this one.

Another line in the same quarterSubscribers
Income tax of $112,000Subscribers
Equity once rose $682.1m in a single quarterSubscribers
What the equity is made ofSubscribers
Receivables and inventorySubscribers
What to read next quarterSubscribers
Arithmetic table · quarterly metricsSubscribers
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63 Filing score · Moderate

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FAQ

What does it mean when stock pay exceeds operating income?

The relationship between the two is tabled in the subscriber section.

Did cash fall?

Operating cash for the quarter, less capital spending, is in the subscriber section.

Why is the tax so small?

Pre-tax income, tax and the effective rate are set out in the subscriber section.

Was equity ever negative?

Total equity across four quarters is in the subscriber section.

Where can I check this myself?

On SEC EDGAR, open Semtech Corporation's fiscal 2027 second-quarter 10-Q (accession 0000088941-26-000034) and read the statements of operations and cash flows.

How aiSwingX™ wrote this

  1. We read the filing on SEC EDGAR in full — statements, notes, MD&A. Press releases and news are not used as sources.
  2. Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
  3. An editor reviews before publication; any later change is recorded in the revision history.
Semtech Corporation Form 10-Q (fiscal 2027 second quarter, accession 0000088941-26-000034): consolidated statement of operations, cash flows and balance sheet; share-based compensation note; income tax note. Quarterly figures cross-checked against SEC XBRL Company Facts. · SEC EDGAR · This article is not investment advice. Disclaimer

Frequently asked questions

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aiSwingX™ analyzes US filings and reports them as news investors can read.
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