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Pay vs Performance Disclosure - USD ($)
5 Months Ended 7 Months Ended 12 Months Ended
Jun. 29, 2023
Jan. 28, 2024
Jan. 28, 2024
Jan. 29, 2023
Jan. 30, 2022
Jan. 31, 2021
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table    
  Fiscal
  Year
 

Summary
Compensation
Table Total
for CEO#1
($)(1)(2)
 
Compensation
Actually
Paid to CEO#1
($)(3)
Summary
Compensation
Table Total
for CEO#2
($)(1)(2)
 
Compensation
Actually
Paid to CEO#2
($)(3)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs
($)(1)(2)
 
Average
Compensation
Actually Paid
to Non-PEO
NEOs
($)(3)
 
Value of Initial Fixed $100
Investment Based On:
 
Semtech
Net
Income
($ Thousands)
(5)
 
Semtech
Non-GAAP
Operating
Income
($  Thousands)

(6)
 
Semtech
TSR
($)(4)
Philadelphia
Semiconductor
Index
TSR
($)(4)
(a)(b)(c)(d)(e)(f)(g)
(h)
(i)(j)(k)
20247,757,7515,468,2146,745,6815,023,2392,434,2481,004,86939.20225.68(1,092,029)92,688
20231,064,219(11,233,662)2,675,0241,01763.12153.0861,372210,665
20221,667,178(1,985,990)2,706,1141,735,115129.15171.69125,645202,792
20211,519,95311,763,0741,574,8862,455,948135.09135.0559,867139,535
     
Company Selected Measure Name     Non-GAAP Operating Income      
Named Executive Officers, Footnote     Mr. Maheswaran ("CEO #1") was our CEO for all of fiscal years 2021, 2022 and 2023 and during fiscal year 2024 from January 30, 2023 through June 29, 2023. Mr. Pickle ("CEO #2") was our CEO during fiscal year 2024 from June 30, 2023 through January 28, 2024. For fiscal year 2021, our Non-PEO NEOs were Messrs. Chukwu, Beauchamp, Fulton and Silberstein. For fiscal year 2023, our Non-PEO NEOs were Messrs. Chukwu, Ammann, Beauchamp, Silberstein, Fulton and Chang. For fiscal year 2024, our Non-PEO NEOs were Messrs. Lin, Rodensky, Silberstein, Wilson, Chukwu and Ammann and Ms. McGee.      
Adjustment To PEO Compensation, Footnote     For purposes of this table, the compensation actually paid (also referred to as “CAP”) to each of our NEOs (including, for purposes of this table, former named executive officers who are included in the Non-PEO NEO group for the applicable year) means the NEO’s total compensation as reflected in the Summary Compensation Table for the applicable fiscal year and adjusted for the following with respect to each NEO:
    Less the amounts reported in the “Stock Awards” and “Option Awards” columns of the Summary Compensation Table for the applicable fiscal year,
    Plus the fiscal year-end value of Semtech option and stock awards granted in the covered fiscal year which were outstanding and unvested at the end of the covered fiscal year,
    Plus/(less) the change in value as of the end of the covered fiscal year as compared to the value at the end of the prior fiscal year for Semtech option and stock awards which were granted in prior fiscal years and were outstanding and unvested at the end of the covered fiscal year,
    Plus the vesting date value of Semtech option and stock awards which were granted and vested during the same covered fiscal year,
    Plus/(less) the change in value as of the vesting date as compared to the value at the end of the prior fiscal year for Semtech option and stock awards which were granted in prior fiscal years and vested in the covered fiscal year,
    Less, as to any Semtech option and stock awards which were granted in prior fiscal years and were forfeited during the covered fiscal year, the value of such awards as of the end of the prior fiscal year,
    Plus the dollar value of any dividends or other earnings paid during the covered fiscal year on outstanding and unvested Semtech stock awards (no dividends or dividend equivalents were paid or credited with respect to Semtech options or stock awards during the applicable fiscal years),
    Plus, as to a Semtech option or stock award that was materially modified during the covered fiscal year, the amount by which the value of the award as of the date of the modification exceeds the value of the original award on the modification date (none of the Semtech option or stock awards held by the NEOs were materially modified during the fiscal years covered by the table).
      In making each of these adjustments, the “value” of an option or stock award is the fair value of the award on the applicable date determined in accordance with FASB ASC Topic 718 using the valuation assumptions we then used to calculate the fair value of our equity awards. For more information on the valuation of our equity awards, please see the notes to our financial statements that appear in our Annual Report on Form 10-K each fiscal year and the footnotes to the Summary Compensation Table that appears in our annual Proxy Statement.
The following table provides a reconciliation of the Summary Compensation Table Total to Compensation Actually Paid for our CEO#1.
Reconciliation of Summary Compensation Table Total to Compensation Actually Paid for CEO#1Fiscal Year
2024 ($)
Fiscal Year
2023 ($)
Fiscal Year
2022 ($)
Fiscal Year
2021 ($)
 
Summary Compensation Table Total
7,757,7511,064,2191,667,1781,519,953
 
Grant Date Fair Value of Option and Stock Awards Granted in Fiscal Year
(6,999,987)
 
Fair Value at Fiscal Year-End of Outstanding and Unvested Option and Stock Awards Granted in Fiscal Year
2,394,988
 
Change in Fair Value of Outstanding and Unvested Option and Stock Awards Granted in Prior Fiscal Years
(12,068,402)(3,107,724)9,589,294
 
Fair Value at Vesting of Option and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
2,758,653
 
Change in Fair Value as of Vesting Date of Option and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
(25,725)(229,479)(545,444)653,827
 
Fair Value as of Prior Fiscal Year-End of Option and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
(417,466)
 
Compensation Actually Paid
5,468,214(11,233,662)(1,985,990)11,763,074
The following table provides a reconciliation of the Summary Compensation Table Total to Compensation Actually Paid for our CEO#2.
 
Reconciliation of Summary Compensation Table Total to Compensation Actually Paid for CEO#2Fiscal Year
2024 ($)
Fiscal Year
2023 ($)
Fiscal Year
2022 ($)
Fiscal Year
2021 ($)
 
Summary Compensation Table Total
6,745,681
 
Grant Date Fair Value of Option and Stock Awards Granted in Fiscal Year
(6,380,681)
 
Fair Value at Fiscal Year-End of Outstanding and Unvested Option and Stock Awards Granted in Fiscal Year
4,169,932
 
Change in Fair Value of Outstanding and Unvested Option and Stock Awards Granted in Prior Fiscal Years
 
Fair Value at Vesting of Option and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
488,307
 
Change in Fair Value as of Vesting Date of Option and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
 
Fair Value as of Prior Fiscal Year-End of Option and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
 
Compensation Actually Paid
5,023,239
     
Non-PEO NEO Average Total Compensation Amount     $ 2,434,248 $ 2,675,024 $ 2,706,114 $ 1,574,886
Non-PEO NEO Average Compensation Actually Paid Amount     $ 1,004,869 1,017 1,735,115 2,455,948
Adjustment to Non-PEO NEO Compensation Footnote     For purposes of this table, the compensation actually paid (also referred to as “CAP”) to each of our NEOs (including, for purposes of this table, former named executive officers who are included in the Non-PEO NEO group for the applicable year) means the NEO’s total compensation as reflected in the Summary Compensation Table for the applicable fiscal year and adjusted for the following with respect to each NEO:
    Less the amounts reported in the “Stock Awards” and “Option Awards” columns of the Summary Compensation Table for the applicable fiscal year,
    Plus the fiscal year-end value of Semtech option and stock awards granted in the covered fiscal year which were outstanding and unvested at the end of the covered fiscal year,
    Plus/(less) the change in value as of the end of the covered fiscal year as compared to the value at the end of the prior fiscal year for Semtech option and stock awards which were granted in prior fiscal years and were outstanding and unvested at the end of the covered fiscal year,
    Plus the vesting date value of Semtech option and stock awards which were granted and vested during the same covered fiscal year,
    Plus/(less) the change in value as of the vesting date as compared to the value at the end of the prior fiscal year for Semtech option and stock awards which were granted in prior fiscal years and vested in the covered fiscal year,
    Less, as to any Semtech option and stock awards which were granted in prior fiscal years and were forfeited during the covered fiscal year, the value of such awards as of the end of the prior fiscal year,
    Plus the dollar value of any dividends or other earnings paid during the covered fiscal year on outstanding and unvested Semtech stock awards (no dividends or dividend equivalents were paid or credited with respect to Semtech options or stock awards during the applicable fiscal years),
    Plus, as to a Semtech option or stock award that was materially modified during the covered fiscal year, the amount by which the value of the award as of the date of the modification exceeds the value of the original award on the modification date (none of the Semtech option or stock awards held by the NEOs were materially modified during the fiscal years covered by the table).
      In making each of these adjustments, the “value” of an option or stock award is the fair value of the award on the applicable date determined in accordance with FASB ASC Topic 718 using the valuation assumptions we then used to calculate the fair value of our equity awards. For more information on the valuation of our equity awards, please see the notes to our financial statements that appear in our Annual Report on Form 10-K each fiscal year and the footnotes to the Summary Compensation Table that appears in our annual Proxy Statement.
The following table provides a reconciliation of the average of the Summary Compensation Table Total for the Non-PEO NEOs for each fiscal year to the average of the Compensation Actually Paid for the Non-PEO NEOs for that fiscal year.
Reconciliation of Average Summary Compensation Table Total to Average Compensation Actually Paid for Non-PEO NEOsFiscal Year
2024 ($)
Fiscal Year
2023 ($)
Fiscal Year
2022 ($)
Fiscal Year
2021 ($)
 
Summary Compensation Table Total
2,434,2482,675,0242,706,1141,574,886
 
Grant Date Fair Value of Option and Stock Awards Granted in Fiscal Year
(1,838,089)(1,848,772)(1,935,989)(1,089,084)
 
Fair Value at Fiscal Year-End of Outstanding and Unvested Option and Stock Awards Granted in Fiscal Year
692,787390,9641,442,1491,871,239
 
Change in Fair Value of Outstanding and Unvested Option and Stock Awards Granted in Prior Fiscal Years
(135,718)(565,624)(290,549)220,836
 
Fair Value at Vesting of Option and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year
149,845132,876
 
Change in Fair Value as of Vesting Date of Option and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
(31,806)(207,517)(336,455)(254,805)
 
Fair Value as of Prior Fiscal Year-End of Option and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
(116,553)(443,058)
 
Compensation Actually Paid
1,004,8691,0171,735,1152,455,948
     
Compensation Actually Paid vs. Total Shareholder Return     Semtech TSR represents cumulative total shareholder return on a fixed investment of $100 in the Company’s common stock for the period beginning on the last trading day of fiscal year 2020 through the end of the applicable fiscal year, and is calculated assuming the reinvestment of dividends. Philadelphia Semiconductor Index TSR represents cumulative total shareholder return on a fixed investment of $100 in the Philadelphia Semiconductor Index (“PHLX”) for the period beginning on the last trading day of fiscal year 2020 through the end of the applicable fiscal year, and is calculated assuming the reinvestment of dividends. The following chart illustrates the CAP for our CEO and the average CAP for our Non-PEO NEOs for each of the last four fiscal years against the Company’s total shareholder return and the total shareholder return for the Philadelphia Semiconductor Index (each calculated as described above) over that period of time.
payforperformance1.jpg
     
Compensation Actually Paid vs. Net Income     This column shows the Company’s net income for each fiscal year covered by the table. The following chart illustrates the CAP for our CEO and the average CAP for our Non-PEO NEOs for each of the last four fiscal years against the Company’s net income for each of those years.
payforperformance2.jpg
     
Compensation Actually Paid vs. Company Selected Measure     This column shows the Company’s non-GAAP operating income for each fiscal year covered by the table. See Exhibit A for a reconciliation of non-GAAP operating income for fiscal years 2023 and 2024 to the most directly comparable GAAP measures (and the corresponding exhibit to our proxy statement for prior fiscal years). We consider non-GAAP operating income to be a key metric in our executive compensation program, used in determining the fiscal year 2024 annual bonuses for our NEOs. See the Compensation Discussion and Analysis section of this Proxy Statement for more information regarding the use of this performance measure in our executive compensation program. The following chart illustrates the CAP for our CEO and the average CAP for our Non-PEO NEOs for each of the last four fiscal years against the Company’s non-GAAP operating income for each of those years.
 
payforperformance3.jpg
     
Total Shareholder Return Vs Peer Group     Semtech TSR represents cumulative total shareholder return on a fixed investment of $100 in the Company’s common stock for the period beginning on the last trading day of fiscal year 2020 through the end of the applicable fiscal year, and is calculated assuming the reinvestment of dividends. Philadelphia Semiconductor Index TSR represents cumulative total shareholder return on a fixed investment of $100 in the Philadelphia Semiconductor Index (“PHLX”) for the period beginning on the last trading day of fiscal year 2020 through the end of the applicable fiscal year, and is calculated assuming the reinvestment of dividends. The following chart illustrates the CAP for our CEO and the average CAP for our Non-PEO NEOs for each of the last four fiscal years against the Company’s total shareholder return and the total shareholder return for the Philadelphia Semiconductor Index (each calculated as described above) over that period of time.
payforperformance1.jpg
     
Total Shareholder Return Amount     $ 39.20 63.12 129.15 135.09
Peer Group Total Shareholder Return Amount     225.68 153.08 171.69 135.05
Net Income (Loss)     $ (1,092,029,000) $ 61,372,000 $ 125,645,000 $ 59,867,000
Company Selected Measure Amount     92,688,000 210,665,000 202,792,000 139,535,000
PEO Name Mr. Maheswaran Mr. Pickle   Mr. Maheswaran Mr. Maheswaran Mr. Maheswaran
Additional 402(v) Disclosure     The average compensation for the CEOs and the Non-PEO NEOs for fiscal year 2024 was calculated from the Summary Compensation Table above. The average compensation for the CEO and the Non-PEO NEOs for each of the prior fiscal years was calculated from the Summary Compensation Table as disclosed in the Company’s Proxy Statement filed with the SEC in the calendar year in which that fiscal year ended.      
Measure:: 1            
Pay vs Performance Disclosure            
Name     Relative TSR      
Measure:: 2            
Pay vs Performance Disclosure            
Name     Non-GAAP Operating Income      
Measure:: 3            
Pay vs Performance Disclosure            
Name     Net Revenue      
Mr. Maheswaran [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     $ 7,757,751 $ 1,064,219 $ 1,667,178 $ 1,519,953
PEO Actually Paid Compensation Amount     5,468,214 (11,233,662) (1,985,990) 11,763,074
Mr. Pickle [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     6,745,681      
PEO Actually Paid Compensation Amount     5,023,239      
PEO | Mr. Maheswaran [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (6,999,987) 0 0 0
PEO | Mr. Maheswaran [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     2,394,988 0 0 0
PEO | Mr. Maheswaran [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0 (12,068,402) (3,107,724) 9,589,294
PEO | Mr. Maheswaran [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     2,758,653 0 0 0
PEO | Mr. Maheswaran [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (25,725) (229,479) (545,444) 653,827
PEO | Mr. Maheswaran [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (417,466) 0 0 0
PEO | Mr. Pickle [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (6,380,681)      
PEO | Mr. Pickle [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     4,169,932      
PEO | Mr. Pickle [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
PEO | Mr. Pickle [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     488,307      
PEO | Mr. Pickle [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
PEO | Mr. Pickle [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0      
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (1,838,089) (1,848,772) (1,935,989) (1,089,084)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     692,787 390,964 1,442,149 1,871,239
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (135,718) (565,624) (290,549) 220,836
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     0 0 149,845 132,876
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (31,806) (207,517) (336,455) (254,805)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     $ (116,553) $ (443,058) $ 0 $ 0