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Tech — Hardware

Semtech Executive Compensation (FY26)

SMTC · Camarillo, CA · Executive and director compensation, fiscal 2022 to 2026
Data as of September 7, 2026Latest filing (8-K): June 8, 2026
354 figures on this page: 345 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Hong Hou was paid $8,177,250 in total compensation as President and Chief Executive Officer for fiscal 2026, and compared with the $6,759,554 reported for fiscal 2025, Hou's total was 21.0% higher. The say-on-pay proposal drew 97.6% of votes cast for or against in favor at the meeting held June 4, 2026 for fiscal 2026. The disclosed peer group includes Allegro MicroSystems, Inc., Alpha and Omega Semiconductor Ltd., Calix, Inc., Cirrus Logic, Inc. and Cogent Communications Holdings, Inc., among others. For fiscal 2026, the company reported 6 named executive officers.
Chief executive, fiscal 2026
◇
Hong Hou
Median of the other named officers
$2,794,589
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 4, 2026
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Hong Hou: $6,759,554 → $8,177,250 (21.0% higher)
Say-on-pay support: 87.3% → 97.6% (10.3 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Semtech's chief executive and what were they paid?
Hong Hou was paid $8,177,250 in total compensation as President and Chief Executive Officer for fiscal 2026. Compared with the $6,759,554 reported for fiscal 2025, Hou's total was 21.0% higher.
What was Semtech's say-on-pay result?
The say-on-pay proposal drew 97.6% of votes cast for or against in favor at the meeting held June 4, 2026 for fiscal 2026.
Which companies are in Semtech's peer group?
The disclosed peer group includes Allegro MicroSystems, Inc., Alpha and Omega Semiconductor Ltd., Calix, Inc., Cirrus Logic, Inc. and Cogent Communications Holdings, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alistair Fulton
Former Senior Vice President and General Manager, Wireless and Sensing Products Group
Departed during or after this year
◇—◇———◇◇
Emeka Chukwu
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Gary Beauchamp
Executive Vice President and General Manager, Signal Integrity Products Group
◇—◇—◇—◇◇
Asaf Silberstein
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Chris Chang
Former Senior Vice President, Corporate Marketing and Sales, Asia Pacific
Departed during or after this year
◇—◇———◇◇
Charles Ammann
Executive Vice President, Chief Legal Officer and Secretary
◇—◇—◇—◇◇
Mohan Maheswaran
President and Chief Executive Officer
◇———◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Paul Pickle
President and Chief Executive Officer
◇—◇————◇
Asaf Silberstein
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
J. Michael Wilson
Chief Quality Officer and Chief Technology Officer
◇—◇———◇◇
Mark Lin
Executive Vice President and Chief Financial Officer
◇—◇—◇——◇
Michael Rodensky
Former Senior Vice President, Global Sales
Departed during or after this year
◇—◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hong Hou
President and Chief Executive Officer
◇◇◇—◇—◇◇
Paul Pickle
Former President and Chief Executive Officer
Departed during or after this year
◇—◇————◇
Madhusudhan Rayabhari
Senior Vice President and General Manager, Analog Mixed Signal and Wireless
◇—◇—◇—◇— not reconciled
Asaf Silberstein
Executive Vice President and Chief Operating Officer
◇—◇———◇◇
Mark Russell
Senior Vice President, Global Sales & Marketing
◇—◇—◇—◇— not reconciled
J. Michael Wilson
Chief Quality Officer and Chief Technology Officer
◇—◇———◇◇
Mark Lin
Executive Vice President and Chief Financial Officer
◇◇◇————◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hong Hou
President and Chief Executive Officer
◇◇◇—◇—◇◇
Mark Lin
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Asaf Silberstein
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Madhusudhan Rayabhari
Senior Vice President and General Manager, Analog Mixed Signal and Wireless
◇—◇—◇—◇— not reconciled
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hong Hou
President and Chief Executive Officer
◇—◇—◇—◇◇
Jason Green
Executive Vice President and Chief Commercial Officer
◇◇◇—◇—◇◇
Asaf Silberstein
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Mark Lin
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Madhusudhan Rayabhari
Senior Vice President and General Manager, Analog Mixed Signal and Wireless
◇—◇—◇—◇◇
J. Michael Wilson
Chief Quality Officer and Chief Technology Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Financial MetricPSU◇◇◇—◇—◇
Financial MetricRSU◇——◇——◇
Financial MetricRSU◇——◇——◇
Financial MetricRSU◇——◇——◇
Financial MetricPSU◇◇◇—◇—◇
Financial MetricPSU◇◇◇—◇—◇
Financial MetricPSU◇◇◇—◇—◇
Financial MetricPSU◇◇◇—◇—◇
Financial MetricPSU◇◇◇—◇—◇
Financial MetricRSU◇——◇——◇
Financial MetricRSU◇——◇——◇
Financial MetricRSU◇——◇——◇
Fiscal 2022, 2023, 2024, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
MR. GREENPSU◇◇——
RSU◇◇——
RSU◇◇——
MR. WILSONRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
MR. SILBERSTEINRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
MR. RAYABHARIRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
DR. HOURSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
MR. LINPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Mark Lin
Executive Vice President and Chief Financial Officer · Employment agreement · citing a 2023 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Madhusudhan Rayabhari
Senior Vice President and General Manager, Analog Mixed Signal and Wireless · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Hong Hou
President and Chief Executive Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Asaf Silberstein
Executive Vice President and Chief Operating Officer · Retention agreement
Severance multiple◇
Severance base◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Paul V. Walsh Jr
◇◇————◇
Saar Gillai
◇◇————◇
Martin S.J. Burvill
◇◇————◇
Gregory M. Fischer
◇◇————◇
Paula LuPriore
◇◇————◇
Julie G. Ruehl
◇◇————◇
Rodolpho C. Cardenuto
◇◇————◇
Hong Q. Hou and Ye Jane Li served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
  • Allegro MicroSystems, Inc. ALGM
  • Alpha and Omega Semiconductor Ltd. AOSL
  • Calix, Inc. CALX
  • Cirrus Logic, Inc. CRUS
  • Cogent Communications Holdings, Inc. CCOI
  • Credo Technology Group Holding Ltd. CRDO
  • Digi International, Inc. DGII
  • Diodes Incorporated DIOD
  • Extreme Networks, Inc. EXTR
  • Lattice Semiconductor Corporation LSCC
  • Lumentum Holdings, Inc. LITE
  • MACOM Technology Solutions Holdings, Inc. MTSI
  • MaxLinear, Inc. MXL
  • Power Integrations, Inc. POWI
  • Silicon Laboratories Inc. SLAB
  • Smart Global Holdings, Inc. symbol not shown
  • Synaptics, Incorporated SYNA
  • Viavi Solutions, Inc. VIAV

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2026June 4, 2026=◇◇◇
2025June 5, 2025=◇◇◇
2024June 10, 2024=◇◇◇
2023June 8, 2023=◇◇◇
2022June 9, 2022=◇◇◇
2021June 10, 2021=◇◇◇
2020June 11, 2020=◇◇◇
2019June 13, 2019=◇◇◇
2018June 14, 2018=◇◇◇
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What this page does not include

Everything above is a fact Semtech disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Semtech sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
354 figures on this page: 345 cited to the filing that reported them, 9 calculated from figures it prints.
345 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000088941-26-000019
  2. 0001140361-26-015949
    DIRECTOR COMPENSATION POLICY · DIRECTOR COMPENSATION – FISCAL YEAR 2026 · Grants of Plan-Based Awards in Fiscal Year 2026 · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 2026 · and 2 more sections
  3. 0000088941-25-000135
  4. 0001193125-25-093573
    Summary Compensation Table
  5. 0000088941-24-000083
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000088941-24-000043
    Summary Compensation Table
  7. 0001193125-23-164465
    Employment Agreement · Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-126898
    Summary Compensation Table
  9. 0001193125-22-173847
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-21-192110
  11. 0001193125-20-169414
  12. 0000088941-19-000012
    Employment Agreement
  13. 0001628280-19-008085
  14. 0001628280-18-008036
  15. 0001193125-23-231568
    EX-10.7
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Velarion, “Semtech executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/SMTC (accessed 2026).
Short form: data: Velarion
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

Peers Semtech discloses

The companies named in SMTC's own disclosed peer group.

Allegro MicroSystems, Inc.Alpha and Omega Semiconductor Ltd.Cirrus Logic, Inc.Credo Technology Group Holding Ltd.Diodes IncorporatedLattice Semiconductor CorporationLumentum Holdings, Inc.MACOM Technology Solutions Holdings, Inc.MaxLinear, Inc.Power Integrations, Inc.Silicon Laboratories Inc.Synaptics, IncorporatedViavi Solutions, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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