Semtech Corporation (SMTC) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, SMTC scores 60 out of 100, graded C- under the verdict "Roarable Hold — Cautious Neutral." The five pillars are scored as follows:

• Fundamental Cash Engine: 14 / 20. Per the Roarable RQD rating, this pillar reflects ROIC of 2.4% and an FCF yield of 1.3%. For a prospective investor, these figures indicate that the business currently generates modest returns on invested capital and a thin cash yield relative to the $140.85 share price.
• Whale 13F Flow: 11 / 20. Per the Roarable RQD rating, this pillar captures institutional accumulation and options positioning. The underlying 13F detail is not itemized in the source data, so the score can be read only as a moderate institutional signal.
• Insider Conviction: 10 / 20. Per the Roarable RQD rating, this pillar reflects SEC Form 4 and Congressional PTR cluster flow. The individual transactions are not itemized in the source data.
• Macro Regime Fit: 9 / 20. Per the Roarable RQD rating, this pillar reflects a beta of 1.25 and sector sensitivity. Per the market data, a beta above 1.0 means the stock has historically amplified broader market moves, which is a meaningful consideration in a risk-off regime.
• Forensic Balance Sheet: 16 / 20. Per the Roarable RQD rating, this is the strongest pillar, citing an Altman Z of 12.36, a Piotroski F of 8/9, and a Debt/Equity of 0.89. For a prospective investor, the balance sheet is the most supportive element of the rating, which reduces solvency concern even though earnings and cash generation remain weak.

Taken together, the rating points to a stock with a credible balance sheet but unconvincing profitability and valuation support. Per the market data, forward P/E is 22 and EV/EBITDA is 95, so the market is pricing substantial future improvement. The upside case depends on margin recovery converting into cash flow; the valuation tradeoff is that the current multiple leaves limited room for execution slippage. The neutral verdict reflects this balance rather than a directional call.

Semtech Corporation (SMTC) is a NASDAQ-listed issuer in the Technology sector, operating in the Semiconductors industry, per the company profile. The source data does not itemize its products, customers, or revenue mix. Per the market data, the company reports a gross margin of 51.6%, which indicates the nature of its product economics, though the underlying business model is not further described in the source data.

Per the SEC financials, revenue grew across the three periods, and operating income moved from a $-944.3M loss in FY 2023 to $32.6M in FY 2025, though net income remained negative in each period. Per the market data, the operating margin is 3.1% and the net margin is -3.8%. Per the Roarable RQD rating, ROIC is 2.4%, and the forensic balance sheet metrics are an Altman Z of 12.36 and a Piotroski F of 8/9. Debt declined from $1691.8M to $491.2M over the reported periods, and the Debt/Equity ratio is 0.89 per the Roarable RQD rating.

Per the recent news section, six items reference SMTC, sourced from Yahoo Finance Australia, Seeking Alpha, The Globe and Mail, TradingView, Simply Wall St, and Quiver Quantitative. Headlines reference an Analyst/Investor Day slideshow dated 2026-10-16, a stock rise described as "154% YTD," and a "1.6T Ramp" tied to data center growth. The TradingView item is flagged as a CATALYST; the remaining items are flagged as MARKET WIRE. The summaries are generic and do not contain substantive detail on the catalysts. Per the market data, the stock closed down -4.16% on the session. The Butterfly Supply-Chain Graph reports no supply chain links and no proprietary signals.

• What is the revenue mix and customer concentration behind the FY 2025 results, and how much of the data center exposure cited in headlines contributes to them?
• Why is the FY 2025 EPS and FY 2024/FY 2023 EPS reported as N/A, and what is the share count basis for the reported EPS of -0.43?
• What are the 13F holder identities and the Form 4 insider transactions underlying the Whale and Insider pillar scores?
• What drove the FY 2023 operating and net losses of $-944.3M and $-1092.0M, and have those drivers been resolved?
• What is the consensus analyst rating and price target, given that the analyst section is empty?