Arm Holdings
ARM · Semiconductors
$210.33
0.1%Microchip Technology
MCHP · Semiconductors
$74.05
0.6%The short version
- Arm Holdings is the larger business, with $4.9B of revenue in fiscal 2026 against $4.7B for Microchip Technology.
- Arm Holdings grew revenue faster (22.8%, against 7.1%).
- Arm Holdings kept more of each dollar of sales as operating profit (18.3% operating margin, against 10.4% operating margin).
- Arm Holdings turned more of its sales into free cash flow (19.9% FCF margin, against 18.5% FCF margin).
| Latest fiscal year | ARM · FY26 | MCHP · FY26 |
|---|---|---|
| Size | ||
| Market cap | $224.6B | $40.8B |
| Revenue | $4.9B | $4.7B |
| Free cash flow | $979M | $871M |
| Net income | $904M | $230M |
| Growth | ||
| Revenue growth | 22.8% | 7.1% |
| 5-year growth | — | −2.8% |
| Share count change | 0.5% | 1.5% |
| Profitability | ||
| Gross margin | 97.5% | 57.7% |
| Operating margin | 18.3% | 10.4% |
| Net margin | 18.4% | 4.9% |
| FCF margin | 19.9% | 18.5% |
| Return on capital | — | 3.5% |
| Return on equity | 12.0% | 3.4% |
| Balance sheet | ||
| Net debt | — | $5.3B |
| Net debt / EBITDA | — | 4.5x |
| Dividends and buybacks | $0.0M | $984M |
| Valuation & quality | ||
| P/E | — | 108.9x |
| Piotroski F-score | — | 6 |
FY17
ARM —
MCHP $3.4B
FY18
ARM —
MCHP $4.0B
FY19
ARM —
MCHP $5.3B
FY20
ARM —
MCHP $5.3B
FY21
ARM —
MCHP $5.4B
FY22
ARM $2.7B
MCHP $6.8B
FY23
ARM $2.7B
MCHP $8.4B
FY24
ARM $3.2B
MCHP $7.6B
FY25
ARM $4.0B
MCHP $4.4B
FY26
ARM $4.9B
MCHP $4.7B
ARM
MCHP
FY17
ARM —
MCHP 8.1%
FY18
ARM —
MCHP 23.5%
FY19
ARM —
MCHP 13.4%
FY20
ARM —
MCHP 12.3%
FY21
ARM —
MCHP 18.4%
FY22
ARM 23.4%
MCHP 27.1%
FY23
ARM 25.1%
MCHP 36.9%
FY24
ARM 3.4%
MCHP 33.7%
FY25
ARM 20.7%
MCHP 6.7%
FY26
ARM 18.3%
MCHP 10.4%
ARM
MCHP
FY17
ARM —
MCHP $1.0B
FY18
ARM —
MCHP $1.2B
FY19
ARM —
MCHP $1.4B
FY20
ARM —
MCHP $1.5B
FY21
ARM —
MCHP $1.8B
FY22
ARM $424M
MCHP $2.5B
FY23
ARM $675M
MCHP $3.1B
FY24
ARM $998M
MCHP $2.6B
FY25
ARM $178M
MCHP $772M
FY26
ARM $979M
MCHP $871M
ARM
MCHP
FY17
ARM —
MCHP 7.8%
FY18
ARM —
MCHP 10.3%
FY19
ARM —
MCHP 7.4%
FY20
ARM —
MCHP 4.3%
FY21
ARM —
MCHP 7.0%
FY22
ARM —
MCHP 11.8%
FY23
ARM —
MCHP 18.5%
FY24
ARM —
MCHP 16.5%
FY25
ARM —
MCHP 1.2%
FY26
ARM —
MCHP 3.5%
ARM
MCHP
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.