MICROCHIP TECHNOLOGY INC MCHP

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

We develop, manufacture and sell smart, connected and secure embedded control solutions used by our customers for a wide variety of applications. With over 35 years of technology leadership, our broad product portfolio offers a Total System Solution for our customers that can provide a large portion of the silicon requirements in their applications. TSS is a combination of hardware, software and services which help our customers increase their revenue, reduce their costs and manage their risks compared to other solutions. Our strategic focus includes general purpose and specialized mixed-signal microcontrollers, microprocessors, analog, FPGA, data center, networking, and memory products. In July 2024, we entered the 64-bit mixed-signal microprocessor market furthering our expansion beyond 32-bit architecture. Our synergistic product portfolio empowers disruptive growth trends, including AI/ML, data centers, edge computing and IoT, E-mobility, networking and connectivity, and sustainability in key end markets such as automotive, aerospace and defense, communications, consumer appliances, data centers and computing, and industrial.

Last close 74.05 2026-10-23
Market cap $40.21B 2026-06-30 share count
52-week range 48.52 - 105.91

Valuation FY2025 figures against the last close

P/S8.5x
P/E336.6x
P/FCF46.2x
EV/EBITDA38.6x
Dividend yield2.4%
Diluted EPS0.22

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.71B$4.40B$7.63B$8.44B$6.82B$5.44B$5.27B$5.35B$3.98B$3.41B
Cost of revenue $1.99B$1.93B$2.64B$2.74B$2.37B$2.06B$2.03B$2.42B$1.56B$1.65B
Gross profit $2.72B$2.47B$5.00B$5.70B$4.45B$3.38B$3.24B$2.93B$2.42B$1.76B
R&D $1.09B$983.8M$1.10B$1.12B$989.1M$836.4M$877.8M$826.3M$529.3M$545.3M
SG&A $674.3M$617.7M$734.2M$797.7M$718.9M$610.3M$676.6M$682.9M$452.1M$499.8M
Total operating expenses $2.23B$2.17B$2.42B$2.58B$2.60B$2.38B$2.60B$2.22B$1.48B$1.48B
Operating income $490.1M$296.3M$2.57B$3.12B$1.85B$998.1M$647.1M$714.3M$936.3M$275.8M
Interest expense $221.3M$259.2M$198.3M$203.9M$257.0M$356.9M$497.3M$502.9M$199.0M$146.3M
Pre-tax income $273.5M$38.9M$2.37B$2.91B$1.48B$339.5M$150.4M$204.5M$737.3M$89.8M
Income tax $43.5M$39.4M$459.0M$672.0M$197.0M$9.9M$420.2M$151.4M$481.9M$80.8M
Net income $230.0M-$500.0K$1.91B$2.24B$1.29B$349.4M$570.6M$355.9M$255.4M$164.6M
EPS, basic 0.22-0.013.524.072.330.671.191.511.100.76
EPS, diluted 0.22-0.013.484.022.270.651.111.421.030.71
Shares, diluted (wtd. avg.) 545.2M537.3M548.0M557.3M565.9M541.2M512.4M249.9M248.9M234.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $240.3M$771.7M$319.7M$234.0M$317.4M$280.0M$401.0M$428.6M$901.3M$908.7M
Short-term investments ———$0$2.0M$2.0M$2.0M$2.3M$1.30B$394.1M
Receivables $894.7M$689.7M$1.14B$1.31B$1.07B$997.7M$934.0M$880.6M$563.7M$478.4M
Inventory $1.04B$1.29B$1.32B$1.32B$854.4M$665.0M$685.7M$711.7M$476.2M$417.2M
Total current assets $2.38B$2.99B$3.01B$3.07B$2.45B$2.15B$2.22B$2.21B$3.36B$2.31B
Property, plant and equipment $1.11B$1.18B$1.19B$1.18B$967.9M$854.7M$876.1M$996.7M$767.9M$683.3M
Goodwill $6.70B$6.68B$6.68B$6.67B$6.67B$6.67B$6.66B$6.66B$2.30B$2.30B
Other intangibles $2.03B$2.39B$2.78B$3.37B$4.04B$4.79B$5.70B$6.69B$1.66B$2.15B
Total assets $14.37B$15.37B$15.87B$16.37B$16.20B$16.48B$17.43B$18.35B$8.26B$7.69B
Accounts payable $205.6M$160.6M$213.0M$396.9M$344.7M$292.4M$246.8M$226.4M$144.1M$149.2M
Short-term debt $0$0$999.4M$1.40B$0$1.32B$608.8M$1.36B$1.31B$50.0M
Total current liabilities $1.14B$1.16B$2.52B$3.12B$1.40B$2.41B$1.64B$2.37B$2.02B$704.5M
Long-term debt $5.50B$5.63B$5.00B$5.04B$7.69B$7.58B$8.87B$8.95B$1.76B$2.90B
Retained earnings $4.92B$5.78B$6.76B$5.76B$4.18B$3.39B$3.43B$3.21B$1.40B$1.48B
Total equity $6.43B$7.08B$6.66B$6.51B$5.89B$5.34B$5.59B$5.29B$3.28B$3.27B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $962.1M$898.1M$2.89B$3.62B$2.84B$1.92B$1.54B$1.67B$1.42B$1.06B
Depreciation and amortisation $689.3M$750.1M$879.5M$998.4M$1.14B$1.15B$1.22B$876.4M$615.9M$469.2M
Stock-based compensation $255.4M$180.4M$177.5M$170.4M$210.2M$198.3M$170.2M$166.4M$93.2M$128.1M
Capital expenditure $91.1M$126.0M$285.1M$486.2M$370.1M$92.6M$67.6M$228.9M$206.8M$10.2M
Investing cash flow -$195.5M-$287.8M-$392.1M-$599.5M-$477.7M-$173.3M-$133.2M-$6.81B-$1.01B-$2.84B
Financing cash flow -$1.30B-$158.3M-$2.41B-$3.10B-$2.33B-$1.86B-$1.44B$4.66B-$415.3M$595.5M
Dividends paid $984.0M$975.7M$911.5M———————
Buybacks $0$96.5M$982.1M$945.8M$425.6M$0$0—$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000827054-26-000026.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2.5B 0 2.5B 5B 7.5B 10B Revenue, FY2016: 3.4B Gross profit, FY2016: 1.8B Net income, FY2016: 164.6M Revenue, FY2017: 4B Gross profit, FY2017: 2.4B Net income, FY2017: 255.4M Revenue, FY2018: 5.3B Gross profit, FY2018: 2.9B Net income, FY2018: 355.9M Revenue, FY2019: 5.3B Gross profit, FY2019: 3.2B Net income, FY2019: 570.6M Revenue, FY2020: 5.4B Gross profit, FY2020: 3.4B Net income, FY2020: 349.4M Revenue, FY2021: 6.8B Gross profit, FY2021: 4.4B Net income, FY2021: 1.3B Revenue, FY2022: 8.4B Gross profit, FY2022: 5.7B Net income, FY2022: 2.2B Revenue, FY2023: 7.6B Gross profit, FY2023: 5B Net income, FY2023: 1.9B Revenue, FY2024: 4.4B Gross profit, FY2024: 2.5B Net income, FY2024: -500K Revenue, FY2025: 4.7B Gross profit, FY2025: 2.7B Net income, FY2025: 230M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.41B $3.98B $5.35B $5.27B $5.44B $6.82B $8.44B $7.63B $4.40B $4.71B
Gross profit $1.76B $2.42B $2.93B $3.24B $3.38B $4.45B $5.70B $5.00B $2.47B $2.72B
Net income $164.6M $255.4M $355.9M $570.6M $349.4M $1.29B $2.24B $1.91B -$500.0K $230.0M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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