MICROCHIP TECHNOLOGY INC MCHP
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -0.01 | 3.52 | 4.07 | 2.33 | 0.67 | 1.19 | 1.51 | 1.10 | 0.76 |
| EPS, diluted | 0.22 | -0.01 | 3.48 | 4.02 | 2.27 | 0.65 | 1.11 | 1.42 | 1.03 | 0.71 |
| Shares, diluted (wtd. avg.) | $545.2M | $537.3M | $548.0M | $557.3M | $565.9M | $541.2M | $512.4M | $249.9M | $248.9M | $234.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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