MCHP Q2 2024 Earnings — Microchip Technology Incorporated Revenue & Financial Results | Market Cap Arena

MCHPMicrochip Technology Incorporated

$36B

Q2 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$2.3B+8.7% YoY

Gross Profit

$1.5B67.8% margin

Operating Income

$885M39.3% margin

Net Income

$667M29.6% margin

EPS (Diluted)

$1.21

QoQ Revenue Growth

-1.5%

Cash Flow

Operating Cash Flow

$616M

Free Cash Flow

$542M

Stock-Based Comp.

$45M

Balance Sheet

Total Assets

$16.6B

Total Liabilities

$9.6B

Stockholders' Equity

$7.0B

Cash & Equivalents

$257M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$2.1B	+8.7%
Gross Profit	$1.5B	$1.4B	+9.3%
Operating Income	$885M	$755M	+17.2%
Net Income	$667M	$546M	+22.0%

Revenue Segments

Semiconductor Products Member

$2.2B99%

Technology Licensing Member

$27M1%