• Semtech average pre-tax profit margin for 2023 was -22.75%, a 206.46% increase from 2022.
• Semtech average pre-tax profit margin for 2022 was 21.37%, a 59.72% decline from 2021.
• Semtech average pre-tax profit margin for 2021 was 13.38%, a 55.04% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.