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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY272026-07-26 | Q1 FY272026-04-26 | Q4 FY262026-01-25 | Q3 FY262025-10-26 | Q2 FY262025-07-27 | Q1 FY262025-04-27 | Q4 FY252025-01-26 | Q3 FY252024-10-27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $341.87M | $291.02M | $274.36M | $266.97M | $257.59M | $251.06M | $251.00M | $236.83M |
| Cost of revenue | $158.11M | $139.55M | $136.08M | $128.49M | $123.48M | $119.77M | $120.50M | $115.86M |
| Gross profit | $183.76M | $151.46M | $138.27M | $138.48M | $134.11M | $131.29M | $130.50M | $120.97M |
| Gross margin | 53.8% | 52.0% | 50.4% | 51.9% | 52.1% | 52.3% | 52.0% | 51.1% |
| Research and development | $60.58M | $57.57M | $51.22M | $49.40M | $48.20M | $47.53M | $46.66M | $42.56M |
| Selling, general and administrative | $67.33M | $66.60M | $59.82M | $57.11M | $58.47M | $46.45M | $54.53M | $59.78M |
| Operating expenses | $127.99M | $125.67M | $156.54M | $107.42M | $150.30M | $95.32M | $109.27M | $103.18M |
| Operating income | $55.77M | $25.79M | −$18.27M | $31.06M | −$16.19M | $35.97M | $21.24M | $17.79M |
| Operating margin | 16.3% | 8.9% | -6.7% | 11.6% | -6.3% | 14.3% | 8.5% | 7.5% |
| EBITDA | $65.21M | $36.13M | $37.22M | $41.94M | $37.60M | $47.36M | $39.46M | $28.62M |
| Interest income | $915.00K | −$968.00K | $39.63M | −$26.19M | $529.00K | −$6.21M | $73.41M | −$20.28M |
| Interest expense | −$1.96M | $0 | −$40.62M | — | −$5.24M | $0 | −$90.07M | — |
| Income before taxes | $54.66M | $26.68M | −$30.37M | $4.45M | −$22.21M | $28.00M | $6.54M | −$3.57M |
| Income taxes | −$101.36M | $112.00K | −$937.00K | $7.32M | $4.79M | $8.65M | −$33.19M | $4.01M |
| Net income | $160.12M | $26.56M | −$29.80M | −$2.86M | −$27.06M | $19.35M | $39.14M | −$7.59M |
| Net margin | 46.8% | 9.1% | -10.9% | -1.1% | -10.5% | 7.7% | 15.6% | -3.2% |
| EPS, basic | $1.72 | $0.29 | −$0.32 | −$0.03 | −$0.31 | $0.22 | $0.48 | −$0.10 |
| EPS, diluted | $1.59 | $0.27 | −$0.33 | −$0.03 | −$0.31 | $0.22 | $0.48 | −$0.10 |
| Diluted shares | 100.84M | 98.03M | 89.53M | 87.68M | 86.71M | 89.58M | 81.32M | 75.32M |
Figures describe Semtech shares, not any token. As of Aug 26, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.