MCHP

MKT CAP:$48B

Microchip Technology Incorporated

Market Cap

$48B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$88.82+$23.79 (+36.58%)

Apr 24, 2026

Company Details

Microchip Technology Incorporated develops, manufactures, and sells 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 microcontrollers; 32...

CEO

Stephen Sanghi

IPO Date

Mar 19, 1993

Website

www.microchip.com

Key Metrics TTM

Revenue

$4.2B

-23.4% YoY

Net Income

-$185M

EPS (Diluted)

-$0.40

Free Cash Flow

$754M

Revenue / Share

$7.81

Gross Margin

50.1%

Operating Margin

1.4%

Net Margin

-4.4%

FCF Margin

17.9%

P/S

11.5x

P/E

—

Earnings Reports

Q3 2026

May 14, 2026

PENDING

Q2 2026

Nov 6, 2025

$1.1B-2.0%EPS $0.08

Q1 2026

Aug 7, 2025

$1.1B-13.4%EPS -$0.09

FY 2025

May 22, 2025

$4.4B-42.3%EPS -$0.01

Q4 2025

May 22, 2025

$971M-26.8%EPS -$0.29

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$1.8B	$1.2B	$515M
Q4 22	$1.8B	$1.2B	$550M
Q1 23	$2.0B	$1.3B	$701M
Q2 23	$2.1B	$1.4B	$755M
Q3 23	$2.2B	$1.5B	$812M
Q4 23	$2.2B	$1.5B	$848M
Q1 24	$2.3B	$1.6B	$903M
Q2 24	$2.3B	$1.5B	$885M
Q3 24	$1.8B	$1.1B	$529M
Q4 24	$1.3B	$790M	$254M
Q1 25	$1.2B	$737M	$219M
Q2 25	$1.2B	$669M	$147M
Q3 25	$1.0B	$561M	$31M
Q4 25	$971M	$501M	-$100M
Q1 26	$1.1B	$577M	$32M
Q2 26	$1.1B	$470M	$95M

Valuation

Quarter	P/S	P/E
Q3 22	7.6x	50.7x
Q4 22	6.3x	33.5x
Q1 23	4.7x	21.8x
Q2 23	4.6x	19.0x
Q3 23	5.0x	19.5x
Q4 23	5.3x	20.1x
Q1 24	5.6x	20.5x
Q2 24	4.7x	16.8x
Q3 24	5.4x	19.6x
Q4 24	6.3x	25.3x
Q1 25	7.5x	35.9x
Q2 25	7.8x	55.2x
Q3 25	6.5x	99.4x
Q4 25	5.9x	—
Q1 26	9.0x	—
Q2 26	8.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$853M	$763M
Q4 22	$748M	$633M
Q1 23	$840M	$719M
Q2 23	$793M	$683M
Q3 23	$1.3B	$1.1B
Q4 23	$710M	$597M
Q1 24	$993M	$882M
Q2 24	$616M	$542M
Q3 24	$853M	$794M
Q4 24	$430M	$390M
Q1 25	$377M	$304M
Q2 25	$44M	$23M
Q3 25	$272M	$253M
Q4 25	$206M	$192M
Q1 26	$276M	$258M
Q2 26	$88M	$52M

Capital Expenditures

Quarter	CapEx
Q3 22	$91M
Q4 22	$115M
Q1 23	$122M
Q2 23	$110M
Q3 23	$141M
Q4 23	$113M
Q1 24	$111M
Q2 24	$74M
Q3 24	$60M
Q4 24	$40M
Q1 25	$73M
Q2 25	$21M
Q3 25	$18M
Q4 25	$14M
Q1 26	$18M
Q2 26	$37M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+30.0%	+12.3%
Q4 22	+25.7%	+11.7%
Q1 23	+25.1%	+5.1%
Q2 23	+25.7%	+6.9%
Q3 23	+23.4%	+9.3%
Q4 23	+21.1%	+7.0%
Q1 24	+16.6%	+9.8%
Q2 24	+8.7%	+3.9%
Q3 24	-18.6%	-8.9%
Q4 24	-40.6%	-22.6%
Q1 25	-45.8%	-26.2%
Q2 25	-48.4%	-25.7%
Q3 25	-41.9%	-19.5%
Q4 25	-26.8%	-0.1%
Q1 26	-13.4%	+2.1%
Q2 26	-2.0%	+2.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$51M	2.9%
Q4 22	$47M	2.5%
Q1 23	$41M	2.1%
Q2 23	$41M	2.0%
Q3 23	$44M	2.0%
Q4 23	$44M	2.0%
Q1 24	$45M	1.9%
Q2 24	$45M	2.0%
Q3 24	$45M	2.5%
Q4 24	$43M	3.2%
Q1 25	$44M	3.5%
Q2 25	$46M	4.0%
Q3 25	$49M	4.8%
Q4 25	$41M	4.2%
Q1 26	$53M	4.9%
Q2 26	$62M	5.4%

OpEx Breakdown

Quarter	R&D	SG&A
Q3 22	$245M	$178M
Q4 22	$259M	$187M
Q1 23	$269M	$189M
Q2 23	$269M	$202M
Q3 23	$282M	$203M
Q4 23	$298M	$204M
Q1 24	$299M	$204M
Q2 24	$293M	$197M
Q3 24	$266M	$172M
Q4 24	$240M	$162M
Q1 25	$242M	$151M
Q2 25	$241M	$157M
Q3 25	$246M	$158M
Q4 25	$255M	$152M
Q1 26	$256M	$159M
Q2 26	$223M	$152M

Revenue Segments

Quarter	Semiconductor Products Member	Technology Licensing Member
Q3 22	$1.7B	$32M
Q4 22	$1.8B	$30M
Q1 23	$1.9B	$38M
Q2 23	$2.0B	$45M
Q3 23	$2.1B	$44M
Q4 23	$2.2B	$34M
Q1 24	$2.3B	$34M
Q2 24	$2.2B	$27M
Q3 24	$1.7B	$24M
Q4 24	$1.3B	$19M
Q1 25	$1.2B	$22M
Q2 25	$1.1B	$39M
Q3 25	$995M	$31M
Q4 25	$931M	$39M
Q1 26	$1.0B	$33M
Q2 26	$1.1B	$32M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$317M	$2M	$319M
Q1 23	$377M	$2M	$379M
Q2 23	$305M	$2M	$307M
Q3 23	$289M	$0	$289M
Q4 23	$234M	$0	$234M
Q1 24	$271M	$0	$271M
Q2 24	$257M	$0	$257M
Q3 24	$281M	$0	$281M
Q4 24	$320M	$0	$320M
Q1 25	$315M	$0	$315M
Q2 25	$286M	$0	$286M
Q3 25	$586M	$0	$586M
Q4 25	$772M	$0	$772M
Q1 26	$567M	$0	$567M
Q2 26	$237M	$0	$237M
Q3 26	$251M	$0	$251M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	567M	+0.2%	+3.0%
Q4 22	565M	-0.4%	+0.4%
Q1 23	562M	-0.6%	-0.6%
Q2 23	558M	-0.6%	-1.3%
Q3 23	555M	-0.5%	-2.1%
Q4 23	554M	-0.3%	-2.0%
Q1 24	551M	-0.5%	-1.8%
Q2 24	549M	-0.4%	-1.6%
Q3 24	547M	-0.5%	-1.6%
Q4 24	545M	-0.3%	-1.6%
Q1 25	543M	-0.4%	-1.6%
Q2 25	542M	-0.1%	-1.3%
Q3 25	537M	-0.8%	-1.7%
Q4 25	537M	0.0%	-1.4%
Q1 26	539M	+0.3%	-0.7%
Q2 26	539M	0.0%	-0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$90.1K	20K
Q4 22	$87.8K	21K
Q1 23	$93.5K	21K
Q2 23	$98.7K	21K
Q3 23	$103.3K	21K
Q4 23	$98.8K	23K
Q1 24	$101.3K	23K
Q2 24	$99.7K	23K
Q3 24	$78.1K	23K
Q4 24	$59.5K	22K
Q1 25	$55.7K	22K
Q2 25	$52.2K	22K
Q3 25	$46.0K	22K
Q4 25	$50.0K	19K
Q1 26	$55.4K	19K
Q2 26	$58.8K	19K

Revenue / Employee