Financials · MCHP

Microchip Technology Incorporated (MCHP) financials

For the twelve months ended Sep 30, 2026, Microchip Technology Incorporated reported $5.60B of revenue and $838.10M of net income.

Revenue, TTM
$5.60B
Revenue growth, YoY
+33.0%
Net income, TTM
$838.10M
Net margin
15.0%
Free cash flow, TTM
$1.46B
EPS, diluted, TTM
$1.33
Cash
$457.00M
Total debt
$5.52B
P/E
37.81
P/S
5.65
Market cap
$31.68B
Annual revenue$4.71B
FY2017FY2026
Annual net income$230.00M
FY2017FY2026
Annual free cash flow$871.00M
FY2017FY2026

MCHP revenue and earnings growth

MCHP revenueQ2 2027$1.62B

Quarter YoY
+42.2%
QoQ
+9.2%
FY YoY
+7.1%
5Y CAGR
-2.8%
10Y CAGR
+8.0%

MCHP revenue was $1.62B in fiscal Q2 2027 (ended Sep 30, 2026), up 42.2% from a year earlier and up 9.2% from the prior quarter. For the full fiscal 2026 it was $4.71B, up 7.1% from fiscal 2025. Compound annual growth was -2.8% over 5 years and +8.0% over 10 years. It rose in 7 of the last 10 fiscal years.

MCHP net incomeQ2 2027$401.40M

Quarter YoY
+862.6%
QoQ
+74.7%
5Y CAGR
-8.0%
10Y CAGR
-3.4%

MCHP net income was $401.40M in fiscal Q2 2027 (ended Sep 30, 2026), up 862.6% from a year earlier and up 74.7% from the prior quarter. For the full fiscal 2026 it was $230.00M, compared with -$500.0K in fiscal 2025. Compound annual growth was -8.0% over 5 years and -3.4% over 10 years.

MCHP EPSQ2 2027$0.68

Quarter YoY
23x
QoQ
+83.8%
5Y CAGR
-19.5%
10Y CAGR
-11.5%

MCHP diluted EPS was $0.68 in fiscal Q2 2027 (ended Sep 30, 2026), up about 23-fold from a year earlier and up 83.8% from the prior quarter. For the full fiscal 2026 it was $0.22, compared with -$0.01 in fiscal 2025. Compound annual growth was -19.5% over 5 years and -11.5% over 10 years.

MCHP free cash flowQ2 2027$396.10M

Quarter YoY
+667.6%
QoQ
-20.4%
FY YoY
+12.8%
5Y CAGR
-13.7%
10Y CAGR
+1.7%

MCHP free cash flow was $396.10M in fiscal Q2 2027 (ended Sep 30, 2026), up 667.6% from a year earlier and down 20.4% from the prior quarter. For the full fiscal 2026 it was $871.00M, up 12.8% from fiscal 2025. Compound annual growth was -13.7% over 5 years and +1.7% over 10 years. It rose in 8 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
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
Research and development$1.09B$983.80M$1.10B$1.12B$989.10M$836.40M$877.80M$826.30M$529.30M$545.30M
Selling, general and admin$674.30M$617.70M$734.20M$797.70M$718.90M$610.30M$676.60M$682.90M$452.10M$499.80M
Operating income$490.10M$296.30M$2.57B$3.12B$1.85B$998.10M$647.10M$714.30M$936.30M$275.80M
Interest expense$221.30M$259.20M$198.30M$203.90M$257.00M$356.90M$497.30M$502.90M$199.00M$146.30M
Pre-tax income$273.50M$38.90M$2.37B$2.91B$1.48B$339.50M$150.40M$204.50M$737.30M$89.80M
Income tax$43.50M$39.40M$459.00M$672.00M$197.00M-$9.90M-$420.20M-$151.40M$481.90M-$80.80M
Net income$230.00M-$500.0K$1.91B$2.24B$1.29B$349.40M$570.60M$355.90M$255.40M$164.60M
EPS, basic$0.22-$0.01$3.52$4.07$2.33$0.67$1.19$0.76$0.55$0.38
EPS, diluted$0.22-$0.01$3.48$4.02$2.27$0.65$1.11$0.71$0.52$0.35
Diluted shares545.2M537.3M548.0M557.3M565.9M541.2M512.4M499.8M497.8M469.6M

Balance sheet

Balance sheet
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Cash and equivalents$240.30M$771.70M$319.70M$234.00M$317.40M$280.00M$401.00M$428.60M$901.30M$908.70M
Short-term investments---$0$2.00M$2.00M$2.00M$2.30M$1.30B$394.10M
Receivables$894.70M$689.70M$1.14B$1.31B$1.07B$997.70M$934.00M$880.60M$563.70M$478.40M
Inventory$1.04B$1.29B$1.32B$1.32B$854.40M$665.00M$685.70M$711.70M$476.20M$417.20M
Current assets$2.38B$2.99B$3.01B$3.07B$2.45B$2.15B$2.22B$2.21B$3.36B$2.31B
Goodwill$6.70B$6.68B$6.68B$6.67B$6.67B$6.67B$6.66B$6.66B$2.30B$2.30B
Total assets$14.37B$15.37B$15.87B$16.37B$16.20B$16.48B$17.43B$18.35B$8.26B$7.69B
Current liabilities$1.14B$1.16B$2.52B$3.12B$1.40B$2.41B$1.64B$2.37B$2.02B$704.50M
Short-term debt$0$0$999.40M$1.40B$0$1.32B$608.80M$1.36B$1.31B$50.00M
Long-term debt$5.50B$5.63B$5.00B$5.04B$7.69B$7.58B$8.87B$8.95B$1.76B$2.90B
Total debt$5.50B$5.63B$6.00B$6.44B$7.69B$8.90B$9.48B$10.31B$3.07B$2.95B
Total liabilities-------$13.06B$4.98B$4.42B
Shareholders' equity$6.43B$7.08B$6.66B$6.51B$5.89B$5.34B$5.59B$5.29B$3.28B$3.27B

Cash flow

Cash flow
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Operating cash flow$962.10M$898.10M$2.89B$3.62B$2.84B$1.92B$1.54B$1.67B$1.42B$1.06B
Capital expenditures$91.10M$126.00M$285.10M$486.20M$370.10M$92.60M$67.60M$228.90M$206.80M$10.20M
Free cash flow$871.00M$772.10M$2.61B$3.13B$2.47B$1.82B$1.48B$1.45B$1.21B$1.05B
Investing cash flow-$195.50M-$287.80M-$392.10M-$599.50M-$477.70M-$173.30M-$133.20M-$6.81B-$1.01B-$2.84B
Financing cash flow-$1.30B-$158.30M-$2.41B-$3.10B-$2.33B-$1.86B-$1.44B$4.66B-$415.30M$595.50M
Dividends paid$984.00M$975.70M$911.50M-------
Share repurchases$0$96.50M$982.10M$945.80M$425.60M$0$0-$0$0
Stock-based compensation$255.40M$180.40M$177.50M$170.40M$210.20M$198.30M$170.20M$166.40M$93.20M$128.10M
Depreciation and amortization$689.30M$750.10M$879.50M$998.40M$1.14B$1.15B$1.22B$876.40M$615.90M$469.20M

Key ratios

Key ratios
Line item
Mar 31, 2026
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Mar 31, 2021
Mar 31, 2020
Mar 31, 2019
Mar 31, 2018
Mar 31, 2017
Revenue growth, YoY7.1%-42.3%-9.5%23.7%25.4%3.1%-1.4%34.4%16.8%56.8%
Net income growth, YoY---14.8%74.1%267.9%-38.8%60.3%39.4%55.2%-49.2%
EPS growth, YoY---13.4%77.1%249.2%-41.4%56.3%37.9%45.1%-52.3%
Gross margin57.7%56.1%65.4%67.5%65.2%62.1%61.5%54.8%60.8%51.6%
Operating margin10.4%6.7%33.7%36.9%27.1%18.4%12.3%13.4%23.5%8.1%
Net margin4.9%-0.0%25.0%26.5%18.8%6.4%10.8%6.7%6.4%4.8%
Free cash flow margin18.5%17.5%34.2%37.1%36.3%33.5%28.0%27.0%30.5%30.8%
Return on equity3.6%-0.0%28.6%34.4%21.8%6.5%10.2%6.7%7.8%5.0%
Return on assets1.6%-0.0%12.0%13.7%7.9%2.1%3.3%1.9%3.1%2.1%
Current ratio2.092.591.200.981.750.891.350.931.663.27
Debt to equity0.850.800.900.991.301.671.701.950.940.90

Source: XBRL data Microchip Technology Incorporated files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Nov 4, 2021.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MCHP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MCHP$5.60B+33.0%$838.10M15.0%$31.68B
TXN$20.77B+20.3%$7.11B34.3%$253.44B
ADI$13.88B+33.6%$4.14B29.8%$176.17B
NXPI$13.80B+14.6%$3.25B23.6%$62.58B
STM$11.80B-11.1%$166.00M1.4%$37.24B

MCHP FAQ

9 questions
  • What is MCHP revenue?
    Microchip Technology Incorporated (MCHP) reported $5.60B of revenue for the twelve months ended Sep 30, 2026. That is up 33.0% from the year before. Revenue for fiscal 2026 was $4.71B.
  • Is MCHP profitable?
    Yes. Microchip Technology Incorporated earned $838.10M in net income for the twelve months ended Sep 30, 2026, a net margin of 15.0%.
  • How much cash and debt does MCHP have?
    Microchip Technology Incorporated reported $457.00M in cash and cash equivalents and $5.52B of debt on its most recent balance sheet in SEC filings.
  • How fast is MCHP revenue growing?
    Microchip Technology Incorporated's revenue changed +7.1% in fiscal 2026, to $4.71B. Its compound annual growth rate was -2.8% over 5 years and +8.0% over 10 years.
  • What is MCHP gross margin?
    Microchip Technology Incorporated's gross profit was $3.51B on $5.60B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 62.7%.
  • What is MCHP free cash flow?
    Microchip Technology Incorporated generated $1.46B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.53B less capital expenditures.
  • What is MCHP earnings per share?
    Diluted earnings per share were $1.33 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MCHP last report financial results?
    The latest statements here come from Microchip Technology Incorporated's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this MCHP financial data come from?
    Quantisnow builds these statements from the structured XBRL data Microchip Technology Incorporated files with the SEC. It is provided for information only and is not investment advice.