Microchip Technology Incorporated

MCHP · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993
Valuation
Market cap	$34,963	$26,036	$48,478	$45,894	$41,777	$41,795	$16,241	$19,659	$21,409	$15,968	$9,803	$9,826	$9,470	$7,060	$7,116	$7,109	$5,171	$3,883	$6,780	$7,659	$7,627	$5,375	$5,443	$4,029	$5,657	$3,269	$5,361	$1,901	$1,201	$1,639	$881	$890	$509	$74
Enterprise value	$40,258	$30,930	$54,191	$52,260	$49,308	$50,582	$25,459	$29,535	$22,281	$17,616	$9,770	$9,710	$9,146	$6,465	$6,012	$6,212	$4,298	$3,712	$6,606	$6,908	$7,131	$4,686	$4,969	$3,813	$5,376	$3,139	$5,180	$1,898	$1,198	$1,608	$889	$879	$505	$64
P/E (TTM) at period end	294.30×	–	25.42×	20.51×	32.50×	119.62×	28.46×	55.24×	83.83×	97.01×	30.25×	26.63×	23.96×	55.42×	21.13×	16.97×	23.83×	15.81×	22.85×	21.45×	31.47×	25.14×	39.66×	45.67×	59.66×	22.88×	46.55×	40.84×	18.65×	32.05×	20.12×	24.52×	26.51×	17.69×
P/S (TTM) at period end	7.42×	5.92×	6.35×	5.44×	6.12×	7.69×	3.08×	3.67×	5.38×	4.69×	4.51×	4.58×	4.90×	4.46×	5.14×	4.78×	5.46×	4.30×	6.55×	7.37×	8.22×	6.35×	7.78×	6.19×	9.90×	4.57×	10.81×	4.68×	3.02×	4.90×	3.08×	4.28×	3.67×	0.84×
P/B at period end	5.44×	3.68×	7.28×	7.05×	7.09×	7.83×	2.91×	3.72×	6.53×	4.88×	–	887.13×	4.43×	3.65×	3.57×	3.92×	3.37×	2.61×	6.54×	3.82×	4.42×	3.62×	4.12×	3.42×	5.26×	3.47×	8.59×	5.30×	3.27×	5.18×	4.01×	5.50×	5.79×	1.70×
EV / EBITDA (TTM)	34.13×	29.56×	15.71×	12.70×	16.47×	23.51×	13.67×	18.57×	14.35×	23.65×	15.37×	13.79×	14.11×	16.89×	12.12×	10.70×	12.83×	11.27×	16.44×	14.89×	16.32×	12.36×	17.56×	16.21×	23.22×	10.96×	35.53×	18.61×	8.25×	14.46×	8.74×	13.21×	15.87×	7.79×
EV / Sales (TTM)	8.54×	7.03×	7.10×	6.19×	7.23×	9.30×	4.83×	5.52×	5.60×	5.17×	4.50×	4.52×	4.74×	4.09×	4.35×	4.18×	4.53×	4.11×	6.38×	6.64×	7.69×	5.53×	7.11×	5.85×	9.41×	4.39×	10.45×	4.67×	3.02×	4.81×	3.11×	4.22×	3.64×	0.72×
Returns
Return on equity	1.8%	(0.0%)	28.6%	34.4%	21.8%	6.5%	10.2%	6.7%	7.8%	5.0%	–	3331.6%	18.5%	6.6%	16.9%	23.1%	14.2%	16.5%	28.6%	17.8%	14.0%	14.4%	10.4%	7.5%	8.8%	15.1%	18.4%	13.0%	17.5%	16.2%	19.9%	22.4%	21.8%	9.6%
Return on invested capital	3.5%	–	16.8%	18.6%	11.9%	7.1%	4.4%	4.7%	6.0%	5.2%	14.0%	13.0%	15.6%	6.3%	20.6%	30.3%	16.2%	10.3%	11.6%	16.9%	15.4%	13.6%	10.9%	8.6%	11.5%	16.3%	12.5%	6.2%	18.3%	18.3%	23.0%	24.3%	22.9%	15.6%
Dividend yield	2.8%	3.7%	1.9%	1.5%	1.2%	0.9%	2.2%	1.8%	1.6%	2.0%	3.0%	2.9%	3.0%	3.9%	3.7%	3.6%	4.8%	6.4%	3.7%	2.7%	1.6%	0.8%	0.4%	0.2%	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	2.09×	2.59×	1.20×	0.98×	1.75×	0.89×	1.35×	0.93×	1.66×	3.27×	8.11×	7.53×	5.86×	6.55×	8.13×	5.22×	7.92×	11.20×	8.99×	4.24×	1.84×	3.51×	3.27×	2.83×	3.27×	1.91×	2.17×	1.85×	1.40×	1.93×	1.55×	2.08×	2.24×	2.22×
Debt / equity	0.85×	0.80×	0.90×	0.99×	1.30×	1.67×	1.70×	1.95×	0.94×	0.90×	(730.83×)	164.94×	0.48×	0.51×	0.18×	0.19×	0.22×	0.82×	1.11×	–	0.16×	0.03×	–	–	–	–	0.01×	0.08×	0.08×	0.03×	0.18×	0.13×	0.23×	0.33×
Effective tax rate	15.9%	101.3%	19.4%	23.1%	13.3%	(2.9%)	(279.4%)	(74.0%)	65.4%	(90.0%)	(15.1%)	(5.6%)	8.6%	16.3%	11.3%	6.8%	8.7%	(5.8%)	15.1%	11.0%	32.5%	22.9%	22.8%	22.3%	25.5%	27.2%	25.5%	29.5%	27.0%	26.4%	27.0%	26.1%	20.7%	6.7%
Share count
Diluted shares outstanding	545	537	548	557	566	541	512	500	498	470	435	447	435	412	407	389	375	374	424	442	430	424	424	421	418	410	391	387	406	369	375	351	303	210

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993
Revenue and gross profit
Revenue	$5,122	$4,713	$4,402	$7,634	$8,439	$6,821	$5,438	$5,274	$5,350	$3,981	$3,408	$2,173	$2,147	$1,931	$1,582	$1,383	$1,487	$948	$903	$1,036	$1,040	$928	$847	$699	$651	$571	$716	$496	$406	$397	$334	$286	$208	$139	$89
Cost of revenue	($2,039)	($1,992)	($1,934)	($2,639)	($2,741)	($2,371)	($2,060)	($2,032)	($2,418)	($1,560)	($1,651)	($968)	($917)	($802)	($743)	($591)	($613)	($413)	($387)	($411)	($415)	($377)	($363)	($349)	($299)	($285)	($335)	–	–	($146)	($167)	($108)	($84)	($64)	($52)
Gross profit	$3,083	$2,721	$2,468	$4,996	$5,698	$4,450	$3,379	$3,242	$2,931	$2,421	$1,757	$1,206	$1,230	$1,129	$838	$799	$881	$534	$517	$625	$625	$551	$484	$350	$352	$287	$381	–	–	$251	$167	$178	$124	$74	$36
Operating expenses
Research and development	($1,139)	($1,086)	($984)	($1,097)	($1,118)	($989)	($836)	($878)	($826)	($529)	($545)	($373)	($350)	($305)	($255)	($183)	($171)	($121)	($116)	($121)	($114)	($95)	($93)	($85)	($88)	($82)	($79)	($46)	($41)	($38)	($32)	($28)	($21)	–	–
Selling, general and administrative	($699)	($674)	($618)	($734)	($798)	($719)	($610)	($677)	($683)	($452)	($500)	($302)	($275)	($267)	($261)	($208)	($222)	($167)	($161)	($176)	($163)	($130)	($111)	($92)	($89)	($83)	($103)	($77)	($63)	($68)	($56)	($49)	($37)	($42)	($28)
Total operating expenses	($2,288)	($2,231)	($2,172)	($2,425)	($2,582)	($2,600)	($2,381)	($2,595)	($2,217)	($1,484)	($1,481)	($853)	($804)	($670)	($660)	($403)	($407)	($289)	($283)	($323)	($277)	($225)	($225)	($179)	($228)	($164)	($199)	–	–	($160)	($96)	($106)	($75)	($50)	($31)
Total costs and expenses	($4,328)	($4,223)	($4,105)	($5,063)	($5,323)	($4,971)	($4,440)	($4,627)	($4,635)	($3,044)	($3,132)	($1,821)	($1,721)	($1,472)	($1,403)	($987)	($1,013)	($703)	($670)	($734)	($692)	($602)	($588)	($528)	($527)	($449)	($534)	($421)	($375)	($305)	($263)	($214)	($159)	($115)	($83)
Operating income	$795	$490	$296	$2,571	$3,116	$1,850	$998	$647	$714	$936	$276	$352	$426	$459	$179	$397	$474	$245	$233	$302	$348	$326	$259	$171	$124	$122	$182	$75	$32	$91	$71	$72	$49	$24	$6
Earnings
EBITDA	$1,470	$1,179	$1,046	$3,450	$4,114	$2,993	$2,151	$1,863	$1,591	$1,552	$745	$636	$704	$648	$383	$496	$581	$335	$329	$402	$464	$437	$379	$283	$235	$232	$286	$146	$102	$145	$111	$102	$66	$32	$8
Interest income	$8	$11	$9	$8	$2	$0	$2	$3	$8	$22	$3	$24	$20	$16	$16	$18	$16	$15	$33	$55	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($213)	($221)	($259)	($198)	($204)	($257)	($357)	($497)	($503)	($199)	($146)	($104)	($62)	($49)	($41)	($34)	($32)	($31)	($29)	($9)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$579	$274	$39	$2,366	$2,910	$1,482	$340	$150	$204	$737	$90	$281	$346	$432	$152	$380	$461	$238	$232	$349	$401	$359	$277	$178	$128	$127	$196	$155	$66	$88	$69	$60	$49	$24	$4
Income tax expense	($101)	($44)	($39)	($459)	($672)	($197)	$10	$420	$151	($482)	$81	$43	$19	($37)	($25)	($43)	($32)	($21)	$14	($53)	($44)	($117)	($63)	($41)	($29)	($32)	($53)	($39)	($19)	($24)	($18)	($16)	($13)	($5)	($0)
Net income	$478	$230	($0)	$1,907	$2,238	$1,286	$349	$571	$356	$255	$165	$324	$369	$395	$127	$337	$419	$217	$246	$297	$357	$242	$214	$137	$88	$95	$143	$115	$47	$64	$51	$44	$36	$19	$4
Per share
Diluted EPS (GAAP)	$0.67	$0.22	($0.01)	$3.48	$4.02	$2.27	$0.65	$1.11	$0.71	$0.515	$0.355	$0.745	$0.825	$0.91	$0.31	$0.825	$1.07	$0.58	$0.655	$0.70	$0.81	$0.56	$0.51	$0.33	$0.21	$0.23	$0.35	$0.29	$0.12	$0.15	$0.14	$0.12	$0.10	$0.0634	$0.02
Basic EPS (GAAP)	$0.67	$0.22	($0.01)	$3.52	$4.07	$2.33	$0.67	$1.19	$0.755	$0.55	$0.38	$0.795	$0.92	$0.995	$0.325	$0.88	$1.12	$0.59	$0.67	$0.715	$0.83	$0.57	$0.52	$0.34	$0.22	$0.24	$0.37	$0.31	$0.13	$0.16	$0.14	$0.13	$0.11	$0.0634	$0.02
Basic shares outstanding	541	540	537	542	550	552	519	478	472	466	434	407	402	397	389	383	374	367	366	414	431	420	413	412	405	398	387	367	370	386	369	346	320	303	210
Margins
Gross margin	60.2%	57.7%	56.1%	65.4%	67.5%	65.2%	62.1%	61.5%	54.8%	60.8%	51.6%	55.5%	57.3%	58.4%	53.0%	57.8%	59.3%	56.4%	57.2%	60.3%	60.1%	59.4%	57.1%	50.0%	54.1%	50.2%	53.2%	–	–	63.3%	49.9%	62.3%	59.7%	53.5%	41.0%
Operating margin	15.5%	10.4%	6.7%	33.7%	36.9%	27.1%	18.4%	12.3%	13.4%	23.5%	8.1%	16.2%	19.8%	23.8%	11.3%	28.7%	31.9%	25.8%	25.8%	29.1%	33.5%	35.2%	30.5%	24.5%	19.1%	21.4%	25.4%	15.1%	7.8%	23.1%	21.3%	25.1%	23.8%	17.4%	6.3%
Net margin	9.3%	4.9%	(0.0%)	25.0%	26.5%	18.8%	6.4%	10.8%	6.7%	6.4%	4.8%	14.9%	17.2%	20.5%	8.1%	24.3%	28.2%	22.9%	27.2%	28.7%	34.3%	26.1%	25.2%	19.6%	13.5%	16.6%	20.0%	23.2%	11.5%	16.2%	15.3%	15.3%	17.5%	13.8%	4.7%

Analyst consensus

Buy46 analysts

Bearish · 0 · Hold · 14 · Bullish · 32

Earnings history

	EPS	Estimate
Q2 2025	$0.46	$0.43	Beat
Q3 2025	$0.20	$0.28	Miss
Q4 2025	$0.11	$0.10	Beat
Q1 2026	$0.27	$0.24	Beat
Q2 2026	$0.35	$0.33	Beat
Q3 2026	$0.44	$0.43	Beat
Q4 2026	$0.57	$0.51	Beat
Q1 2027	$0.76	$0.70	Beat

Peers

Company overview

IPO dateMar 19, 1993

CEOSteve Sanghi

Employees17,900

SectorTechnology

IndustrySemiconductors

CountryUS

ExchangeNASDAQ Global Select

Websitewww.microchip.com

Microchip Technology Incorporated creates, produces, and sells intelligent, interconnected, and secure embedded control solutions to customers throughout the Americas, Europe, and Asia. The company's core offerings include a range of microcontrollers, such as general-purpose 8-bit, 16-bit, and 32-bit models, as well as 32-bit embedded microprocessors. These specialized microcontrollers are designed for numerous applications across industries like automotive, industrial, computing, communications, lighting, power supplies, motor control, human-machine interfaces, security, and various wired and wireless connectivity needs. Beyond its processors, Microchip provides development tools that enable system designers to program its microcontroller and microprocessor units for specific tasks. Its product lineup also features Field-Programmable Gate Arrays (FPGAs) and a broad selection of analog, interface, mixed-signal, and timing components. This extensive category encompasses power management, linear, high-voltage, thermal management, discrete diodes and MOSFETs, radio frequency (RF), drivers, safety, security, USB, Ethernet, wireless, and other interface products. For compact device applications, the company supplies memory products such as serial EEPROM, serial and parallel flash, serial SRAM, and serial EERAM. A significant aspect of Microchip's business involves licensing its SuperFlash embedded flash and NVM technologies. These are provided to foundries, integrated device manufacturers, and design partners for use in manufacturing their own microcontrollers, gate arrays, RF, analog, and neuromorphic computing products that require integrated non-volatile memory. Moreover, Microchip delivers engineering services, along with wafer foundry, assembly, and test subcontracting manufacturing services. It also produces specialized timing systems, application-specific integrated circuits (ASICs), and aerospace products. Microchip Technology Incorporated was established in 1989 and is headquartered in Chandler, Arizona.

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