Semtech
SMTC · Semiconductors
$132.00
5.5%Synaptics
SYNA · Semiconductors
$117.26
0.2%The short version
- Synaptics is the larger business, with $1.2B of revenue in fiscal 2026 against $1.1B for Semtech.
- Semtech grew revenue faster (15.5%, against 11.4%).
- Semtech kept more of each dollar of sales as operating profit (3.1% operating margin, against −5.6% operating margin).
- Semtech turned more of its sales into free cash flow (16.3% FCF margin, against 8.5% FCF margin).
- Semtech earned a higher return on the capital invested in it (2.9%, against −3.4%).
| Latest fiscal year | SMTC · FY26 | SYNA · FY26 |
|---|---|---|
| Size | ||
| Market cap | $12.9B | $4.6B |
| Revenue | $1.1B | $1.2B |
| Free cash flow | $171M | $101M |
| Net income | −$40.4M | −$491M |
| Growth | ||
| Revenue growth | 15.5% | 11.4% |
| 5-year growth | 12.0% | −2.2% |
| Share count change | 23.4% | −1.0% |
| Profitability | ||
| Gross margin | 51.6% | 44.7% |
| Operating margin | 3.1% | −5.6% |
| Net margin | −3.9% | −41.0% |
| FCF margin | 16.3% | 8.5% |
| Return on capital | 2.9% | −3.4% |
| Return on equity | −7.4% | −42.2% |
| Balance sheet | ||
| Net debt | $296M | $395M |
| Net debt / EBITDA | 4.7x | — |
| Dividends and buybacks | $0.0M | $92.7M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 7 | 5 |
FY17
SMTC $544M
SYNA $1.7B
FY18
SMTC $588M
SYNA $1.6B
FY19
SMTC $627M
SYNA $1.5B
FY20
SMTC $548M
SYNA $1.3B
FY21
SMTC $595M
SYNA $1.3B
FY22
SMTC $741M
SYNA $1.7B
FY23
SMTC $757M
SYNA $1.4B
FY24
SMTC $869M
SYNA $959M
FY25
SMTC $909M
SYNA $1.1B
FY26
SMTC $1.1B
SYNA $1.2B
SMTC
SYNA
FY17
SMTC 15.5%
SYNA 3.8%
FY18
SMTC 11.3%
SYNA −3.8%
FY19
SMTC 16.8%
SYNA −0.4%
FY20
SMTC 9.5%
SYNA 5.2%
FY21
SMTC 12.6%
SYNA 11.0%
FY22
SMTC 19.6%
SYNA 20.1%
FY23
SMTC 12.3%
SYNA 11.4%
FY24
SMTC −108.7%
SYNA −10.6%
FY25
SMTC 5.5%
SYNA −8.8%
FY26
SMTC 3.1%
SYNA −5.6%
SMTC
SYNA
FY17
SMTC $84.7M
SYNA $122M
FY18
SMTC $76.0M
SYNA $111M
FY19
SMTC $167M
SYNA $131M
FY20
SMTC $95.6M
SYNA $206M
FY21
SMTC $86.2M
SYNA $298M
FY22
SMTC $177M
SYNA $432M
FY23
SMTC $98.4M
SYNA $297M
FY24
SMTC −$123M
SYNA $102M
FY25
SMTC $50.1M
SYNA $116M
FY26
SMTC $171M
SYNA $101M
SMTC
SYNA
FY17
SMTC 11.2%
SYNA 8.8%
FY18
SMTC 7.1%
SYNA −6.7%
FY19
SMTC 18.0%
SYNA −0.6%
FY20
SMTC 6.4%
SYNA 11.0%
FY21
SMTC 11.9%
SYNA 31.9%
FY22
SMTC 21.0%
SYNA 29.3%
FY23
SMTC 5.9%
SYNA 6.7%
FY24
SMTC −53.9%
SYNA −5.6%
FY25
SMTC 4.3%
SYNA −4.5%
FY26
SMTC 2.9%
SYNA −3.4%
SMTC
SYNA
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.