SMTC (SMTC) financial statements
SMTC reported revenue of $1.0B in fiscal 2026, up 7.6% a year over 9 years.
Net income was -$40M and the operating margin 3.1%, against 15.4% in 2017.
Free cash flow was $171M.
The diluted share count rose 34% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SMTC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $544M | $588M | $627M | $548M | $595M | $741M | $757M | $869M | $909M | $1.0B |
| Cost of revenue | $219M | $236M | $250M | $211M | $239M | $280M | $278M | $573M | $453M | $508M |
| Gross profit | $325M | $352M | $377M | $337M | $356M | $461M | $479M | $296M | $457M | $542M |
| Research and development | $102M | $105M | $109M | $107M | $118M | $148M | $167M | $186M | $171M | $196M |
| Selling, general and admin | $139M | $148M | $145M | $163M | $163M | $168M | $225M | $220M | $222M | $222M |
| Operating income | $84M | $67M | $105M | $52M | $75M | $145M | $93M | -$944M | $50M | $33M |
| Interest expense | — | $7M | $9M | $9M | $5M | $5M | $18M | $96M | $90M | $41M |
| Pre-tax income | $73M | $58M | $70M | $45M | $63M | $139M | $78M | -$1.0B | -$183M | -$21M |
| Income tax | $18M | $23M | $355,000 | $13M | $3M | $16M | $17M | $51M | -$22M | $20M |
| Net income | $55M | $35M | $70M | $32M | $60M | $126M | $61M | -$1.1B | -$162M | -$40M |
| EPS (diluted) | $0.83 | $0.51 | $1.02 | $0.47 | $0.91 | $1.92 | $0.96 | -$17.03 | -$2.26 | -$0.46 |
| Diluted shares | 66M | 68M | 68M | 67M | 66M | 66M | 64M | 64M | 72M | 88M |
| Gross margin | 59.7% | 59.9% | 60.1% | 61.5% | 59.8% | 62.2% | 63.3% | 34.1% | 50.2% | 51.6% |
| Operating margin | 15.4% | 11.3% | 16.8% | 9.5% | 12.6% | 19.6% | 12.3% | -108.7% | 5.5% | 3.1% |
| Net margin | 10.0% | 5.9% | 11.1% | 5.8% | 10.1% | 17.0% | 8.1% | -125.7% | -17.8% | -3.8% |
Balance sheet
Fiscal years, from SMTC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $297M | $308M | $312M | $293M | $269M | $292M | $248M | $143M | $164M | $195M |
| Receivables | $51M | $53M | $79M | $62M | $70M | $72M | $162M | $134M | $163M | $161M |
| Inventory | $66M | $71M | $64M | $73M | $87M | $114M | $208M | $145M | $164M | $196M |
| Total current assets | $438M | $461M | $485M | $461M | $475M | $502M | $723M | $534M | $585M | $655M |
| Property, plant and equipment | $109M | $125M | $118M | $124M | $131M | $135M | $169M | $154M | $126M | $109M |
| Goodwill | $330M | $342M | $351M | $351M | $351M | $351M | $1.3B | $541M | $533M | $458M |
| Total assets | $1.0B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $2.6B | $1.4B | $1.4B | $1.4B |
| Total current liabilities | $123M | $126M | $130M | $99M | $110M | $128M | $397M | $217M | $283M | $276M |
| Long-term debt | $227M | $211M | $193M | $195M | $179M | $172M | $1.3B | $1.4B | $506M | $491M |
| Total liabilities | $406M | $421M | $380M | $375M | $383M | $393M | $1.8B | $1.7B | $877M | $861M |
| Shareholders' equity | $605M | $665M | $683M | $677M | $699M | $738M | $756M | -$307M | $542M | $550M |
| Net debt | -$56M | -$81M | -$101M | -$99M | -$90M | -$108M | $1.1B | $1.2B | $400M | $296M |
Cash flow
Fiscal years, from SMTC's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $118M | $111M | $184M | $119M | $119M | $203M | $127M | -$94M | $58M | $181M |
| Capital spending | $33M | $35M | $17M | $23M | $33M | $26M | $28M | $29M | $8M | $10M |
| Free cash flow | $85M | $76M | $167M | $96M | $86M | $177M | $98M | -$123M | $50M | $171M |
| Stock-based compensation | $31M | $50M | $67M | $52M | $53M | $51M | $39M | $40M | $68M | $58M |
| Share buybacks (net) | -$1M | -$15M | -$116M | -$70M | -$71M | -$130M | -$50M | $0 | $0 | — |
| Net borrowing | — | — | — | — | — | — | — | -$272M | -$441M | -$181M |
| Free cash flow margin | 15.6% | 12.9% | 26.5% | 17.5% | 14.5% | 23.9% | 13.0% | -14.2% | 5.5% | 16.3% |
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Open SMTC in InvestinglyQuestions
What was SMTC's revenue in 2026?
$1.0B in fiscal 2026, from its 10-K filing.
How much free cash flow does SMTC generate?
$171M in fiscal 2026 (operating cash flow minus capital spending).
From SMTC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.