Semtech (MEX:SMTC) Research & Development: MXN3,719 Mil (TTM As of Apr. 2026)


MEX:SMTC Semtech Corp MEX:SMTC
55 GF Score
Price MXN2,863.00
GF Value MXN724.19
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Semtech Research & Development?

Semtech MEX:SMTC 55 Research & Development is MXN3,719 Mil as of Apr. 2026. GuruFocus rates MEX:SMTC with a GF Score™ of 55/100 and a GF Value™ of MXN724.19 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Semtech's Research & Development for the three months ended in Apr. 2026 was MXN1,009 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Apr. 2026 was MXN3,719 Mil.

Semtech  (MEX:SMTC) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Semtech Research & Development Related Terms

Semtech Research & Development Historical Data

* Premium members only.

The historical data trend for Semtech's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Semtech Research & Development Chart

Semtech Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,052.73 3,138.29 3,202.50 3,525.66 3,405.67

Semtech Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 931.16 905.98 916.27 888.28 1,008.93
MEX:SMTC
55GF Score
Semtech Corp MEX:SMTC
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Semtech Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN3,719 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of MXN3,719 Mil mean?
Semtech (MEX:SMTC) has a Research & Development of MXN3,719 Mil as of Apr. 2026. Research and development expense is the total cost for research and development activities. View historical data on Semtech and its competitors.
Is Semtech's Research & Development too high?
Semtech's current Research & Development is MXN3,719 Mil. Overall, Semtech has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Semtech's Research & Development compare to RMBS and SWKS?
Semtech's Research & Development of MXN3,719 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Semiconductors company?
A good Research & Development depends on the Semiconductors industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Semtech and its competitors. Semtech's current Research & Development is MXN3,719 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semtech stock overvalued right now?
Based on GuruFocus' analysis, Semtech (MEX:SMTC) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN724.19, compared to a current price of MXN2,863.00 — trading 295.3% above its estimated fair value. The current Research & Development is MXN3,719 Mil. Semtech's overall GF Score™ is 55/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Semtech (MEX:SMTC), the current Research & Development is MXN3,719 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Semtech (MEX:SMTC) Overvalued in 2026?

Based on GuruFocus' analysis, Semtech stock appears to be overvalued. The current stock price of MXN2,863.00 is trading 295.3% above its estimated GF Value™ of MXN724.19. GuruFocus considers Semtech to be Significantly Overvalued.

Key valuation signals for MEX:SMTC:

  • Research & Development: MXN3,719 Mil
  • GF Value™: MXN724.19 vs. price of MXN2,863.00 (295.3% above fair value)
  • GF Score™: 55/100 with 8 warning signs

No single metric tells the full story. See the MEX:SMTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Semtech Business Description

Address 200 Flynn Road, Camarillo, CA, USA, 93012-8790
Semtech Corp is a provider of high-performance semiconductors powering data center networking, Internet of Things ("IoT") connectivity, and cellular infrastructure solutions. The company designs, develops, manufactures, and markets a diverse portfolio of products for commercial applications, addressing the infrastructure, high-end consumer, and industrial end markets. The company operates in four reportable segments: Signal Integrity, Analog Mixed Signal and Wireless, IoT Systems, and Connected Services. The majority of the company's revenue is earned through the Analog Mixed Signal and Wireless segment. Geographically, the majority of the company's revenue is earned from the Asia Pacific region; the company also operates in North America and Europe.
55GF Score

Get the complete analysis for MEX:SMTC

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,863.00
Price
MXN724.19
GF Value