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Microchip Technology Incorporated

Microchip Technology Incorporated

NASDAQ•MCHP
CEO: Mr. Richard J. Simoncic
Sector: Technology
Industry: Semiconductors
Listing Date: 1993-03-19
Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes, and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; field-programmable gate array (FPGA) products; and application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications. In addition, the company offers serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and non-volatile memory technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. The company was incorporated in 1989 and is headquartered in Chandler, Arizona.
Contact Information
2355 West Chandler Boulevard, Chandler, AZ, 85224-6199, United States
480-792-7200
www.microchip.com
Market Cap
$40.38B
P/E (TTM)
-217.6
64.2
Dividend Yield
2.4%
52W High
$79.50
52W Low
$34.13
52W Range
89%
Rank39Top 39.1%
4.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2026 Data

Revenue

$1.14B-2.01%
4-Quarter Trend

EPS

$0.08-48.67%
4-Quarter Trend

FCF

$51.60M+126.32%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Increased R&D Investment Six-month R&D expenses reached $517.8M, representing 23.4% of net sales, up from 20.1% last year.
Series A Capital Raise March 2025 issuance of Series A Preferred Stock generated $1.45B net cash proceeds, bolstering liquidity position.
Inventory Levels Reduced Total inventories decreased to $1.10B by September 30, 2025, down from $1.29B at March 31, 2025.
Senior Notes Paydown $1.20B used to pay down 4.250% 2025 Senior Notes during the first six months of fiscal 2026.

Risk Factors

Net Sales Decline Six-month net sales fell 7.9% to $2.22B compared to prior year, driven by customer inventory correction.
Gross Margin Compression Gross profit margin dropped to 54.8% for six months ended September 30, 2025, down from 58.4% prior.
Geopolitical Trade Risks Reliance on foreign sales (76% international) and exposure to China trade restrictions and tariffs remain key uncertainties.
Major Tax Disputes Ongoing Company faces uncertain outcomes from IRS, Malaysian, and German tax examinations potentially resulting in material liabilities.

Outlook

Future Capital Spending Capital expenditures for next 12 months expected at or below $100.0M, supporting growth while pausing factory expansion.
Fab 2 Facility Sale Agreement reached to sell Tempe, Arizona Fab 2 facility, expecting sale completion by December 2025.
Debt Refinancing Strategy Intent to finance debt repayment maturing within 12 months using Revolving Credit Facility or Commercial Paper availability.
Common Dividend Intent Intent remains to maintain current quarterly common stock dividend level, subject to market conditions and operations.

Peer Comparison

Revenue (TTM)

Hewlett Packard Enterprise CompanyHPE
$34.30B
+14.1%
Telefonaktiebolaget LM Ericsson (publ)ERIC
$23.50B
-2.1%
Super Micro Computer, Inc.SMCI
$21.05B
+11.9%

Gross Margin (Latest Quarter)

Telefonaktiebolaget LM Ericsson (publ)ERIC
48.1%
+1.8pp
Fidelity National Information Services, Inc.FIS
42.5%
+4.4pp
Microchip Technology IncorporatedMCHP
41.2%
-16.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ASX$42.30B38.011.3%34.0%
CTSH$41.11B19.214.3%5.8%
MCHP$40.38B-217.6-2.8%37.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.6%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$0.42
|
Revenue:$1.18B
Reports
All Years
  • Form 10-Q - Q2 2026

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $1.14B-2.0%
    |
    EPS: $0.08-48.7%
    Miss
  • Form 10-Q - Q1 2026

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $1.08B-13.4%
    |
    EPS: $-0.09-135.9%
    Miss
  • Form 10-K - FY 2025

    Period End: Mar 31, 2025|Filed: May 23, 2025|
    Revenue: $4.40B-42.3%
    |
    EPS: $-0.01-100.1%
    Miss
  • Form 10-Q - Q3 2025

    Period End: Dec 31, 2024|Filed: Feb 6, 2025|
    Revenue: $1.03B-41.9%
    |
    EPS: $-0.10-112.8%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $1.16B-48.4%
    |
    EPS: $0.15-87.8%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $1.24B-45.8%
    |
    EPS: $0.24-80.3%
    Miss
  • Form 10-K - FY 2024

    Period End: Mar 31, 2024|Filed: May 23, 2024|
    Revenue: $7.63B-9.5%
    |
    EPS: $3.52-13.5%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Dec 31, 2023|Filed: Feb 1, 2024|
    Revenue: $1.77B-18.6%
    |
    EPS: $0.78-26.4%
    Miss