Semtech Corporation (SMTC)

Gross profit margin

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Gross profit (ttm)	US$ in thousands	296,250	396,653	418,256	452,299	478,558	495,702	504,822	485,483	461,139	436,782	407,154	379,973	355,873	347,350	339,537	336,170	336,684	351,274	371,588	386,828
Revenue (ttm)	US$ in thousands	772,917	763,303	767,436	779,319	763,414	792,738	810,086	767,944	735,907	709,482	668,860	627,430	589,413	565,090	550,841	542,981	674,392	696,397	904,517	1,096,236
Gross profit margin		38.33%	51.97%	54.50%	58.04%	62.69%	62.53%	62.32%	63.22%	62.66%	61.56%	60.87%	60.56%	60.38%	61.47%	61.64%	61.91%	49.92%	50.44%	41.08%	35.29%

January 28, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $296,250K ÷ $772,917K
= 38.33%

The gross profit margin of Semtech Corporation has shown fluctuations over the past few quarters. The gross profit margin percentage has ranged from a low of 35.29% on Oct 27, 2019, to a high of 62.69% on Jan 29, 2023.

Overall, the trend indicates some variability in the company's ability to generate profit from its revenues. There was a notable decrease in gross profit margin from Jan 26, 2020, to Apr 26, 2020, where the margin dropped significantly from 61.91% to 49.92%. It then gradually recovered, reaching levels above 60% for most recent quarters.

The trend demonstrates that Semtech Corporation has experienced fluctuations in its cost of goods sold and revenue generation efficiency, impacting its ability to maintain a consistent gross profit margin over the period analyzed. Further analysis would be required to determine the underlying reasons for these changes and their potential impact on the company's overall financial performance.