MCHP Q1 2024 Earnings — Microchip Technology Incorporated Revenue & Financial Results | Market Cap Arena

MCHPMicrochip Technology Incorporated

$36B

Q1 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$2.3B+16.6% YoY

Gross Profit

$1.6B68.1% margin

Operating Income

$903M39.5% margin

Net Income

$666M29.1% margin

EPS (Diluted)

$1.21

QoQ Revenue Growth

+2.5%

Cash Flow

Operating Cash Flow

$993M

Free Cash Flow

$882M

Stock-Based Comp.

$45M

Balance Sheet

Total Assets

$16.5B

Total Liabilities

$9.7B

Stockholders' Equity

$6.8B

Cash & Equivalents

$271M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$2.0B	+16.6%
Gross Profit	$1.6B	$1.3B	+19.0%
Operating Income	$903M	$701M	+28.8%
Net Income	$666M	$507M	+31.4%

Revenue Segments

Semiconductor Products Member

$2.3B99%

Technology Licensing Member

$34M1%