Semtech Corporation (SMTC)

Operating 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
Operating income (ttm)	US$ in thousands	-944,322	-380,021	-330,279	33,867	92,799	191,422	191,477	164,100	145,017	121,003	105,061	87,157	74,956	66,202	62,597	55,610	52,009	68,980	95,887	119,339
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
Operating profit margin		-122.18%	-49.79%	-43.04%	4.35%	12.16%	24.15%	23.64%	21.37%	19.71%	17.06%	15.71%	13.89%	12.72%	11.72%	11.36%	10.24%	7.71%	9.91%	10.60%	10.89%

January 28, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-944,322K ÷ $772,917K
= -122.18%

Semtech Corporation's operating profit margin has shown significant fluctuations over the past several quarters. The operating profit margin was negative in recent quarters, reaching a low of -122.18% in Jan 28, 2024. This indicates that the company's operating expenses exceeded its revenues during that period.

However, the operating profit margin improved in the preceding quarters, showing positive figures. The margin was at 4.35% in Apr 30, 2023, and increased to 12.16% in Jan 29, 2023. This upward trend continued with operating profit margins reaching a peak of 24.15% in Oct 30, 2022.

Despite the fluctuations, Semtech Corporation has managed to maintain its operating profit margin above 10% in many quarters, indicating efficient cost management and profitability. The company should continue to monitor and optimize its operating expenses to sustain and improve its operating profit margin in the future.