Semtech (SMTC) vs Viavi Solutions (VIAV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Viavi Solutions (VIAV) has outperformed Semtech (SMTC) over the past year, gaining 243.9% versus a gain of 165.8%. Over five years, VIAV leads with a +184.5% price change compared with +143.3% for SMTC. Semtech is the larger company by market cap ($17.43 billion vs $11.26 billion), about 1.5 times the size, while Viavi Solutions is growing revenue faster (+40.0% vs +15.5%).
On valuation, Viavi Solutions trades at a lower forward P/E (23.5x vs 31.9x for Semtech). Viavi Solutions converts more of its revenue into profit, with a net margin of -2.0% 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 | VIAV |
|---|---|---|
| Share price | $186.73 | $45.77 |
| Market cap | $17.43B | $11.26B |
| 1-day change | -0.41% | +3.81% |
| YTD return | +154.43% | +147.42% |
| 1-year return | +165.79% | +243.92% |
| 5-year return | +143.30% | +184.45% |
| P/E ratio (TTM) | 123.66 | — |
| Forward P/E | 31.88 | 23.46 |
| EPS (TTM) | $1.51 | $-0.13 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.05B | $1.52B |
| Revenue growth (YoY) | +15.47% | +40.03% |
| Net income (latest FY) | $-40.38M | $-30.40M |
| Gross margin | 51.63% | 57.66% |
| Operating margin | 3.10% | 6.92% |
| Net margin | -3.85% | -2.00% |
| 52-week high | $201.99 | $60.43 |
| 52-week low | $60.28 | $12.23 |
| Distance from 52-week high | -7.55% | -24.26% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +13.78% | +34.21% |
| Average volume | 2.94M | 5.03M |
| Shares outstanding | 93.33M | 245.92M |
| Employees | 1,920 | 4,100 |
| 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
- VIAV has outperformed SMTC by 78.1 percentage points over the past year.
- Viavi Solutions grew revenue faster in its latest fiscal year (+40.03% vs +15.47%).
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 Viavi Solutions
VIAV stock →Viavi Solutions Inc. engages in the provision of test and measurement and optical technologies for military, aerospace, railway and first responder communications in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
Technology · Semiconductors · 4,100 employees
SMTC vs VIAV FAQ
Which is bigger, Semtech or Viavi Solutions?
Semtech (SMTC) is larger, with a market capitalization of $17.43B compared with $11.26B for Viavi Solutions (VIAV).
Which stock has performed better over the past year, SMTC or VIAV?
VIAV returned +243.92% over the past 12 months, compared with +165.79% for SMTC (price return, excluding dividends). Past performance does not predict future results.
Are Semtech and Viavi Solutions in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.