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Microchip Technology

MCHP Nasdaq Semiconductors Financials FY2017–FY2026

Microchip Technology's revenue rose 7.1% to $4.7 billion in fiscal 2026. Its operating margin was 10.4%, up from 6.7% a year earlier. Free cash flow was $871 million, up 12.8%. It paid out $984 million in dividends and buybacks, 113% of free cash flow. The diluted share count rose 1.5%.

Last close · Oct 23, 2026

$74.05

0.6%
Value it Compare
Revenue Total sales reported in the income statement.
$4.7B
7.1% vs prior year
Operating margin Operating income as a share of revenue.
10.4%
3.7 pts
Net income Profit after all expenses, interest and tax.
$230M
Free cash flow Cash from operations minus capital spending.
$871M
12.8%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
3.5%
2.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$40.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
108.9x
On $0.68 EPS (TTM)

About these figures. Share counts and per-share figures for earlier years are restated for a stock split (2-for-1), so every year is on today's share basis.

What Microchip Technology does

No business description yet.

Legal name
MICROCHIP TECHNOLOGY INCORPORATED
Fiscal year ends
March 31, 2026
Latest annual report
—
Accession · CIK
0000827054-26-000016
0000827054

Revenue and margins

Microchip Technology had $4.7B of revenue in fiscal 2026, up 7.1% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew −5.0% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $871M in fiscal 2026, 18.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Microchip Technology returned $984M to shareholders in fiscal 2026, 113% of free cash flow. The diluted share count rose 1.5%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Microchip Technology yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$5.3B and divides by 545.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 108.9x · peers 43.2x · sector 33.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Microchip Technology can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $319M$234M$320M$772M$240M
Debt incl. finance leases $7.7B$6.4B$6.0B$5.6B$5.5B
Net debt / EBITDA 2.5x1.5x1.7x4.6x4.5x
Debt / equity 1.3x1.0x0.9x0.8x0.9x
Interest coverage 7.2x15.3x13.0x1.1x2.2x
Current ratio 1.8x1.0x1.2x2.6x2.1x
Quick ratio 1.1x0.6x0.7x1.5x1.2x
Total assets $16.2B$16.4B$15.9B$15.4B$14.4B
Total liabilities $10.3B$9.9B$9.2B$8.3B$7.9B
Shareholders' equity $5.9B$6.5B$6.7B$7.1B$6.4B
Net debt (− = net cash) $7.4B$6.2B$5.7B$4.9B$5.3B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$15.2M

5 insiders

Of sales under plans

72%

$10.9M

DateInsiderTradeSharesPriceValueFiling
Aug 25, 2026 James Eric BjornholtSenior Corporate VP and CFO Sold plan 4,112 $75.32 $0.3M Form 4
Aug 17, 2026 James Eric BjornholtSenior Corporate VP and CFO Sold 837 $80.26 $0.1M Form 4
Jun 4, 2026 Richard J SimoncicChief Operating Officer Sold 5,000 $97.52 $0.5M Form 4
May 28, 2026 Matthew W ChapmanDirector Sold 3,000 $97.52 $0.3M Form 4
May 22, 2026 James Eric BjornholtSenior VP and CFO Sold plan 3,667 $90.86 $0.3M Form 4
May 22, 2026 Richard J SimoncicChief Operating Officer Sold 5,000 $93.44 $0.5M Form 4
May 15, 2026 Matthew W ChapmanDirector Sold 10,000 $95.48 $1.0M Form 4
May 15, 2026 Richard J SimoncicChief Operating Officer Sold 83 $93.85 $0.0M Form 4
May 13, 2026 Mathew B BunkerSenior VP, Operations Sold 10,571 $96.88 $1.0M Form 4
May 13, 2026 Richard J SimoncicChief Operating Officer Sold 10,000 $97.55 $1.0M Form 4
May 1, 2026 Steve SanghiPresident, CEO and Chair of Bd, Director Sold plan 76,469 $93.58 $7.2M Form 4
Apr 30, 2026 Steve SanghiPresident, CEO and Chair of Bd, Director Sold plan 33,502 $92.37 $3.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✕ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✕
Current ratio rose ✓ ✓ ✕
Share count didn't rise ✓ ✓ ✕
Gross margin rose ✕ ✕ ✓
Revenue rose relative to assets ✕ ✕ ✓
F-score 6 / 95 / 96 / 9
Accruals ratio −6.1%−5.8%−4.9%
Altman Z'' 3.443.032.76

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Microchip Technology MCHP $40.8B 7.1% 10.4% 18.5% 3.5% 108.9x 6
Arm Holdings ARM $224.6B 22.8% 18.3% 19.9% — — — Compare →
First Solar FSLR $18.5B 24.1% 30.6% 22.8% 22.7% 10.6x 7 Compare →
Skyworks Solutions SWKS $12.6B −2.2% 12.2% 27.1% 8.5% 43.2x 5 Compare →
ON Semiconductor ON $29.2B −15.4% 1.4% 23.7% 0.9% 46.6x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $3.4B $4.0B $5.3B $5.3B $5.4B $6.8B $8.4B $7.6B $4.4B $4.7B
Gross profit $1.8B $2.4B $2.9B $3.2B $3.4B $4.4B $5.7B $5.0B $2.5B $2.7B
Research and development $545M $529M $826M $878M $836M $989M $1.1B $1.1B $984M $1.1B
Operating income $276M $936M $714M $647M $998M $1.8B $3.1B $2.6B $296M $490M
Interest expense $146M $199M $503M $497M $357M $257M $204M $198M $259M $221M
Pretax income $89.8M $737M $205M $150M $340M $1.5B $2.9B $2.4B $38.9M $274M
Income tax −$80.8M $482M −$151M −$420M −$9.9M $197M $672M $459M $39.4M $43.5M
Net income $165M $255M $356M $571M $349M $1.3B $2.2B $1.9B −$0.5M $230M
Diluted EPS $0.35 $0.52 $0.71 $1.11 $0.65 $2.27 $4.02 $3.48 −$0.01 $0.22
Diluted shares 0.47B 0.50B 0.50B 0.51B 0.54B 0.57B 0.56B 0.55B 0.54B 0.55B
Cash flow
Cash from operations $1.1B $1.4B $1.7B $1.5B $1.9B $2.8B $3.6B $2.9B $898M $962M
Capital expenditure $10.2M $207M $229M $67.6M $92.6M $370M $486M $285M $126M $91.1M
Free cash flow $1.0B $1.2B $1.4B $1.5B $1.8B $2.5B $3.1B $2.6B $772M $871M
Depreciation and amortization $469M $616M $876M $1.2B $1.2B $1.1B $998M $880M $750M $689M
Stock-based compensation $128M $93.2M $166M $170M $198M $210M $170M $178M $180M $255M
Acquisitions $0.0M $0.0M $7.9B $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $426M $946M $982M $96.5M $0.0M
Dividends paid $315M $338M $344M $350M $388M $504M $695M $912M $976M $984M
Dividends and buybacks $315M $338M $344M $350M $388M $929M $1.6B $1.9B $1.1B $984M
Balance sheet
Cash and short-term investments $1.3B $2.2B $431M $403M $282M $319M $234M $320M $772M $240M
Total debt $3.0B $3.1B $10.3B $9.5B $8.9B $7.7B $6.4B $6.0B $5.6B $5.5B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $2.3B $3.4B $2.2B $2.2B $2.1B $2.5B $3.1B $3.0B $3.0B $2.4B
Current liabilities $705M $2.0B $2.4B $1.6B $2.4B $1.4B $3.1B $2.5B $1.2B $1.1B
Inventory $417M $476M $712M $686M $665M $854M $1.3B $1.3B $1.3B $1.0B
Property and equipment, net $683M $768M $997M $876M $855M $968M $1.2B $1.2B $1.2B $1.1B
Total assets $7.7B $8.3B $18.4B $17.4B $16.5B $16.2B $16.4B $15.9B $15.4B $14.4B
Total liabilities $4.4B $5.0B $13.1B $11.8B $11.1B $10.3B $9.9B $9.2B $8.3B $7.9B
Shareholders' equity $3.3B $3.3B $5.3B $5.6B $5.3B $5.9B $6.5B $6.7B $7.1B $6.4B
Margins
Gross margin 51.6% 60.8% 54.8% 61.5% 62.1% 65.2% 67.5% 65.4% 56.1% 57.7%
Operating margin 8.1% 23.5% 13.4% 12.3% 18.4% 27.1% 36.9% 33.7% 6.7% 10.4%
EBITDA margin 21.9% 39.0% 29.7% 35.3% 39.6% 43.9% 48.8% 45.2% 23.8% 25.0%
Net margin 4.8% 6.4% 6.7% 10.8% 6.4% 18.9% 26.5% 25.0% −0.0% 4.9%
FCF margin 30.8% 30.5% 27.0% 28.0% 33.5% 36.3% 37.2% 34.2% 17.5% 18.5%
Returns
Return on capital 7.8% 10.3% 7.4% 4.3% 7.0% 11.8% 18.5% 16.5% 1.2% 3.5%
Return on capital employed 4.5% 14.2% 6.4% 4.1% 6.7% 12.8% 22.2% 19.3% 2.2% 3.6%
Return on equity 10.1% 7.8% 8.3% 10.5% 6.4% 22.9% 36.1% 29.0% −0.0% 3.4%
Return on assets 2.5% 3.2% 2.7% 3.2% 2.1% 7.9% 13.7% 11.8% 0.0% 1.6%
Growth
Revenue growth 56.8% 16.8% 34.4% −1.4% 3.1% 25.4% 23.7% −9.5% −42.4% 7.1%
Net income growth −49.2% 55.2% 39.4% 60.3% −38.8% 267.9% 74.1% −14.8% −100.0% —
EPS growth −52.4% 45.1% 37.9% 56.3% −41.4% 249.2% 77.1% −13.4% −100.3% —
FCF growth 42.3% 15.6% 19.2% 2.1% 23.6% 35.6% 26.8% −16.8% −70.4% 12.8%
Share count change 8.0% 6.0% 0.4% 2.5% 5.6% 4.6% −1.5% −1.7% −2.0% 1.5%
Financial health
Net debt / EBITDA 2.2x 0.6x 6.2x 4.9x 4.0x 2.5x 1.5x 1.7x 4.6x 4.5x
Debt / equity 0.9x 0.9x 2.0x 1.7x 1.7x 1.3x 1.0x 0.9x 0.8x 0.9x
Interest coverage 1.9x 4.7x 1.4x 1.3x 2.8x 7.2x 15.3x 13.0x 1.1x 2.2x
Current ratio 3.3x 1.7x 0.9x 1.4x 0.9x 1.8x 1.0x 1.2x 2.6x 2.1x
Quick ratio 2.7x 1.4x 0.6x 0.9x 0.6x 1.1x 0.6x 0.7x 1.5x 1.2x
Capital allocation
Capex / revenue 0.3% 5.2% 4.3% 1.3% 1.7% 5.4% 5.8% 3.7% 2.9% 1.9%
Stock comp / revenue 3.8% 2.3% 3.1% 3.2% 3.7% 3.1% 2.0% 2.3% 4.1% 5.4%
Payouts / FCF 30.1% 27.8% 23.8% 23.7% 21.3% 37.6% 52.4% 72.6% 138.9% 113.0%
Quality scores
Piotroski F-score 5.0 6.0 5.0 6.0 6.0 8.0 8.0 6.0 5.0 6.0
Altman Z'' 3.0 3.1 1.2 1.6 1.5 2.6 3.1 3.4 3.0 2.8
Accruals ratio −13.5% −14.6% −9.9% −5.4% −9.2% −9.5% −8.5% −6.1% −5.8% −4.9%

Source: SEC EDGAR XBRL filings (CIK 0000827054). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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