The series is stated in the current share scale after splits; dividends are not included in the price
Semtech makes analogue chips for optical links and radio modules for long-range sensors.
The first half is components that condition the signal in data centre optical links: the faster the exchange between servers, the harder it is to preserve pulse shape, and that requires specialised analogue design. Demand rose along with the build-out of computing capacity.
The second half is low-power radio for sensors that run for years on a battery and transmit readings for kilometres: water meters, field sensors, cargo tracking. The technology became an industry standard, but earning from it is harder than deploying it. Risks: the semiconductor cycle, debt and customer concentration. The company pays no dividend.
Based on the last 12 months of reports, through 31 July 2026
The sector median covers every company in the sector on the US market, loss-making ones included.
