Semtech (SMTC) vs Tower Semiconductor (TSEM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Tower Semiconductor (TSEM) has outperformed Semtech (SMTC) over the past year, gaining 208.5% versus a gain of 165.8%. Over five years, TSEM leads with a +657.2% price change compared with +143.3% for SMTC. Tower Semiconductor is the larger company by market cap ($25.86 billion vs $17.50 billion), about 1.5 times the size, while Semtech is growing revenue faster (+15.5% vs +9.1%).
On valuation, Semtech trades at a lower forward P/E (32.0x vs 34.1x for Tower Semiconductor). Tower Semiconductor converts more of its revenue into profit, with a net margin of 14.1% versus -3.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | SMTC | TSEM |
|---|---|---|
| Share price | $187.49 | $228.75 |
| Market cap | $17.50B | $25.86B |
| 1-day change | -3.25% | -7.85% |
| YTD return | +154.43% | +94.81% |
| 1-year return | +165.79% | +208.45% |
| 5-year return | +143.30% | +657.20% |
| P/E ratio (TTM) | 124.17 | 90.42 |
| Forward P/E | 32.01 | 34.09 |
| EPS (TTM) | $1.51 | $2.53 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.05B | $1.57B |
| Revenue growth (YoY) | +15.47% | +9.05% |
| Net income (latest FY) | $-40.38M | $220.47M |
| Gross margin | 51.63% | 23.23% |
| Operating margin | 3.10% | 12.40% |
| Net margin | -3.85% | 14.08% |
| 52-week high | $201.99 | $319.94 |
| 52-week low | $60.28 | $70.90 |
| Distance from 52-week high | -7.18% | -28.50% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +13.32% | +36.80% |
| Average volume | 2.94M | 1.89M |
| Shares outstanding | 93.33M | 113.03M |
| Employees | 1,920 | — |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TSEM has outperformed SMTC by 42.7 percentage points over the past year.
- Semtech trades at a higher earnings multiple (124.2x vs 90.4x trailing P/E).
- Tower Semiconductor is more profitable, keeping 14.1 cents of every revenue dollar as net income versus -3.8 cents for Semtech.
- Semtech grew revenue faster in its latest fiscal year (+15.47% vs +9.05%).
About Semtech
SMTC stock →Semtech Corporation provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe. The company operates in three segments: Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity.
Technology · Semiconductors · 1,920 employees
About Tower Semiconductor
TSEM stock →Tower Semiconductor Ltd., an independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe. The company provides customizable process technologies, including SiGe, SiPho, mixed signal CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, wafers, and integrated power management.
Technology · Semiconductors
SMTC vs TSEM FAQ
Which is bigger, Semtech or Tower Semiconductor?
Tower Semiconductor (TSEM) is larger, with a market capitalization of $25.86B compared with $17.50B for Semtech (SMTC).
Which stock has performed better over the past year, SMTC or TSEM?
TSEM returned +208.45% over the past 12 months, compared with +165.79% for SMTC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, SMTC or TSEM?
TSEM has the lower trailing P/E at 90.4, versus 124.2 for SMTC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Semtech and Tower Semiconductor in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.