MCHP Q3 2024 Earnings — Microchip Technology Incorporated Revenue & Financial Results | Market Cap Arena

MCHPMicrochip Technology Incorporated

$36B

Q3 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$1.8B-18.6% YoY

Gross Profit

$1.1B63.4% margin

Operating Income

$529M30.0% margin

Net Income

$419M23.7% margin

EPS (Diluted)

$0.77

QoQ Revenue Growth

-21.7%

Cash Flow

Operating Cash Flow

$853M

Free Cash Flow

$794M

Stock-Based Comp.

$45M

Balance Sheet

Total Assets

$16.1B

Total Liabilities

$9.1B

Stockholders' Equity

$7.1B

Cash & Equivalents

$281M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$2.2B	-18.6%
Gross Profit	$1.1B	$1.5B	-23.9%
Operating Income	$529M	$812M	-34.8%
Net Income	$419M	$580M	-27.8%

Revenue Segments

Semiconductor Products Member

$1.7B99%

Technology Licensing Member

$24M1%