NASDAQ : MCHP
Microchip Technology Incorporated — Financial statements
Technology · Semiconductors · United States
Last price 77.34 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 42.00B
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Financial statements
Microchip Technology Incorporated (MCHP) reported revenue of 5.12B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 5.12B | 4.71B | 4.40B | 7.63B | 8.44B | 6.82B |
| Cost of Revenue | 2.04B | 1.99B | 1.93B | 2.64B | 2.74B | 2.37B |
| Gross Profit | 3.08B | 2.72B | 2.47B | 5.00B | 5.70B | 4.45B |
| Selling, General & Admin | 699.30M | 674.30M | 617.70M | 734.20M | 797.70M | 718.90M |
| Research & Development | 1.14B | 1.09B | 983.80M | 1.10B | 1.12B | 989.10M |
| Amortization of Goodwill & Intangibles | 413.50M | 431.10M | 490.90M | 605.40M | 669.90M | 862.50M |
| Operating Expenses | 2.25B | 2.19B | 2.09B | 2.44B | 2.59B | 2.57B |
| Operating Income | 831.20M | 529.80M | 375.50M | 2.56B | 3.11B | 1.88B |
| Interest Expense | -212.70M | -221.30M | -259.20M | -198.30M | -203.90M | -257.00M |
| Interest & Investment Income | 7.90M | 11.40M | 9.20M | 7.60M | 2.10M | 500.00K |
| Currency Exchange Gain (Loss) | -4.10M | |||||
| Other Non Operating Income (Expenses) | -6.70M | -6.70M | -5.70M | -2.20M | 3.80M | 2.80M |
| EBT Excluding Unusual Items | 615.60M | 313.20M | 119.80M | 2.37B | 2.91B | 1.63B |
| Merger & Restructuring Charges | -18.30M | -37.60M | -76.50M | -6.20M | -14.60M | |
| Legal Settlements | -18.10M | -2.10M | -1.00M | 1.30M | 19.40M | |
| Other Unusual Items | -3.40M | 5.00M | -9.10M | -142.90M | ||
| Pretax Income | 579.20M | 273.50M | 38.90M | 2.37B | 2.91B | 1.48B |
| Income Tax Expense | 100.80M | 43.50M | 39.40M | 459.00M | 672.00M | 197.00M |
| Earnings From Continuing Operations | 478.40M | 230.00M | -500.00K | 1.91B | 2.24B | 1.29B |
| Net Income to Company | 478.40M | 230.00M | -500.00K | 1.91B | 2.24B | 1.29B |
| Net Income | 478.40M | 230.00M | -500.00K | 1.91B | 2.24B | 1.29B |
| Preferred Dividends & Other Adjustments | 111.20M | 111.20M | 2.20M | |||
| Net Income to Common | 367.20M | 118.80M | -2.70M | 1.91B | 2.24B | 1.29B |
| Shares Outstanding (Basic) | 541.23M | 540.40M | 537.30M | 542.00M | 550.40M | 552.30M |
| Shares Outstanding (Diluted) | 548.02M | 545.20M | 537.30M | 548.00M | 557.30M | 565.90M |
| EPS (Basic) | 0.68 | 0.22 | -0.01 | 3.52 | 4.07 | 2.33 |
| EPS (Diluted) | 0.68 | 0.22 | -0.01 | 3.48 | 4.02 | 2.27 |
| Free Cash Flow | 1.11B | 871.00M | 772.10M | 2.61B | 3.13B | 2.47B |
| Free Cash Flow Per Share | 2.03 | 1.60 | 1.44 | 4.76 | 5.62 | 4.37 |
| Dividend Per Share | 1.82 | 1.82 | 1.82 | 1.68 | 1.26 | 0.91 |
| Gross Margin | 60.19% | 57.73% | 56.07% | 65.44% | 67.52% | 65.23% |
| Operating Margin | 16.23% | 11.24% | 8.53% | 33.52% | 36.88% | 27.55% |
| Profit Margin | 7.17% | 2.52% | -0.06% | 24.98% | 26.52% | 18.85% |
| Free Cash Flow Margin | 21.69% | 18.48% | 17.54% | 34.16% | 37.15% | 36.25% |
| EBITDA | 1.51B | 1.22B | 1.13B | 3.44B | 4.11B | 3.02B |
| EBITDA Margin | 29.40% | 25.87% | 25.57% | 45.04% | 48.71% | 44.31% |
| D&A For EBITDA | 674.90M | 689.30M | 750.10M | 879.50M | 998.40M | 1.14B |
| EBIT | 831.20M | 529.80M | 375.50M | 2.56B | 3.11B | 1.88B |
| EBIT Margin | 16.23% | 11.24% | 8.53% | 33.52% | 36.88% | 27.55% |
| Effective Tax Rate | 17.40% | 15.90% | 101.28% | 19.40% | 23.09% | 13.29% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 272.30M | 240.30M | 771.70M | 319.70M | 234.00M | 317.40M |
| Short-Term Investments | 2.00M | |||||
| Cash & Short-Term Investments | 272.30M | 240.30M | 771.70M | 319.70M | 234.00M | 319.40M |
| Accounts Receivable | 951.80M | 884.40M | 678.20M | 1.13B | 1.29B | 1.06B |
| Other Receivables | 15.90M | 10.30M | 11.50M | 10.10M | 13.50M | 9.30M |
| Receivables | 967.70M | 894.70M | 689.70M | 1.14B | 1.31B | 1.07B |
| Inventory | 1.05B | 1.04B | 1.29B | 1.32B | 1.32B | 854.40M |
| Other Current Assets | 198.90M | 207.20M | 236.40M | 233.60M | 205.10M | 206.20M |
| Total Current Assets | 2.49B | 2.38B | 2.99B | 3.01B | 3.07B | 2.45B |
| Property, Plant & Equipment | 1.08B | 1.24B | 1.33B | 1.35B | 1.33B | 1.12B |
| Goodwill | 6.70B | 6.70B | 6.68B | 6.68B | 6.67B | 6.67B |
| Other Intangible Assets | 2.00B | 2.03B | 2.39B | 2.78B | 3.37B | 4.04B |
| Long-Term Deferred Tax Assets | 1.78B | 1.79B | 1.73B | 1.60B | 1.62B | 1.80B |
| Other Long-Term Assets | 358.10M | 226.90M | 251.40M | 455.60M | 303.20M | 111.90M |
| Total Assets | 14.41B | 14.37B | 15.37B | 15.87B | 16.37B | 16.20B |
| Accounts Payable | 228.90M | 205.60M | 160.60M | 213.00M | 396.90M | 344.70M |
| Accrued Expenses | 810.80M | 688.40M | 646.30M | 921.80M | 1.06B | 825.80M |
| Current Portion of Long-Term Debt | 999.40M | 1.40B | ||||
| Current Portion of Leases | 37.40M | 38.80M | 35.70M | 32.60M | 31.50M | 33.80M |
| Current Income Taxes Payable | 43.10M | 24.30M | 99.10M | 90.80M | 106.20M | 121.50M |
| Current Unearned Revenue | 174.20M | 179.20M | 213.40M | 261.80M | 121.40M | 73.20M |
| Total Current Liabilities | 1.29B | 1.14B | 1.16B | 2.52B | 3.12B | 1.40B |
| Long-Term Debt | 5.36B | 5.50B | 5.63B | 5.00B | 5.04B | 7.69B |
| Long-Term Leases | 107.00M | 115.10M | 128.70M | 128.60M | 128.90M | |
| Long-Term Unearned Revenue | 256.80M | 282.00M | 384.50M | 671.20M | ||
| Long-Term Deferred Tax Liabilities | 25.40M | 25.10M | 33.80M | 28.80M | 42.70M | 39.80M |
| Other Long-Term Liabilities | 1.02B | 890.90M | 977.40M | 866.90M | 1.53B | 1.05B |
| Total Liabilities | 7.96B | 7.94B | 8.30B | 9.22B | 9.86B | 10.30B |
| Common Stock | 600.00K | 600.00K | 600.00K | 500.00K | 500.00K | 600.00K |
| Additional Paid-In Capital | 4.12B | 4.07B | 3.91B | 2.48B | 2.41B | 2.54B |
| Retained Earnings | 4.87B | 4.92B | 5.78B | 6.76B | 5.76B | 4.18B |
| Treasury Stock | -2.53B | -2.55B | -2.61B | -2.58B | -1.66B | -796.30M |
| Comprehensive Income & Other | -3.70M | -4.20M | -1.70M | -3.50M | -4.10M | -20.60M |
| Shareholders' Equity | 6.45B | 6.43B | 7.08B | 6.66B | 6.51B | 5.89B |
| Total Liabilities & Equity | 14.41B | 14.37B | 15.37B | 15.87B | 16.37B | 16.20B |
| Total Debt | 5.40B | 5.64B | 5.78B | 6.16B | 6.60B | 7.85B |
| Net Cash (Debt) | -5.13B | -5.40B | -5.01B | -5.84B | -6.37B | -7.53B |
| Net Cash Per Share | -9.35 | -9.91 | -9.32 | -10.66 | -11.42 | -13.31 |
| Filing Date Shares Outstanding | 543.01M | 542.08M | 539.40M | 536.89M | 545.38M | 554.50M |
| Total Common Shares Outstanding | 543.01M | 542.08M | 538.70M | 536.66M | 545.46M | 554.50M |
| Working Capital | 1.19B | 1.24B | 1.84B | 493.60M | -49.30M | 1.05B |
| Book Value Per Share | 11.88 | 11.87 | 13.14 | 12.41 | 11.94 | 10.63 |
| Tangible Book Value | -2.25B | -2.30B | -2.00B | -2.80B | -3.53B | -4.82B |
| Tangible Book Value Per Share | -4.14 | -4.24 | -3.70 | -5.22 | -6.47 | -8.70 |
| Land | 99.70M | 99.70M | 84.80M | 89.30M | 89.30M | 88.20M |
| Buildings | 712.60M | 711.00M | 705.90M | 796.30M | 716.40M | 674.40M |
| Machinery | 2.49B | 2.47B | 2.31B | 2.78B | 2.67B | 2.47B |
| Construction In Progress | 424.50M | 429.50M | 424.10M | 349.60M | 354.30M | 182.40M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 478.40M | 230.00M | -500.00K | 1.91B | 2.24B | 1.29B |
| Depreciation & Amortization | 674.90M | 689.30M | 750.10M | 879.50M | 998.40M | 1.14B |
| Other Amortization | 36.50M | 33.10M | 72.60M | 44.80M | 16.70M | 56.40M |
| Asset Writedown & Restructuring Costs | 2.00M | 4.10M | 1.80M | 1.80M | 3.00M | |
| Stock-Based Compensation | 277.50M | 255.40M | 180.40M | 177.50M | 170.40M | 210.20M |
| Other Operating Activities | -70.80M | -82.10M | -204.60M | -41.10M | 212.00M | 109.90M |
| Change in Accounts Receivable | -201.80M | -204.50M | 454.00M | 161.60M | -232.70M | -74.90M |
| Change in Inventory | 130.10M | 264.30M | 31.60M | 12.80M | -483.20M | -177.80M |
| Change in Accounts Payable | 115.30M | 26.00M | -345.60M | -148.40M | 323.40M | 192.70M |
| Change in Income Taxes | -113.70M | -147.70M | -1.80M | -38.50M | -28.00M | 14.80M |
| Change in Other Net Operating Assets | -130.40M | -105.80M | -38.10M | -64.20M | 404.50M | 79.40M |
| Operating Cash Flow | 1.20B | 962.10M | 898.10M | 2.89B | 3.62B | 2.84B |
| Capital Expenditures | -87.10M | -91.10M | -126.00M | -285.10M | -486.20M | -370.10M |
| Sale of Property, Plant & Equipment | 14.10M | |||||
| Other Investing Activities | -123.50M | -104.40M | -161.80M | -107.00M | -113.30M | -121.70M |
| Investing Cash Flow | -210.60M | -195.50M | -287.80M | -392.10M | -599.50M | -477.70M |
| Short-Term Debt Issued | 6.42B | 13.94B | 9.04B | |||
| Long-Term Debt Issued | 900.00M | 3.31B | 8.02B | 5.93B | 5.17B | |
| Total Debt Issued | 8.78B | 7.32B | 17.25B | 17.05B | 5.93B | 5.17B |
| Short-Term Debt Repaid | -6.24B | -15.11B | -7.69B | |||
| Long-Term Debt Repaid | -1.20B | -2.49B | -9.91B | -7.41B | -6.55B | |
| Total Debt Repaid | -8.87B | -7.44B | -17.61B | -17.59B | -7.41B | -6.55B |
| Net Debt Issued (Repaid) | -91.40M | -127.90M | -358.00M | -539.30M | -1.47B | -1.38B |
| Issuance of Common Stock | 62.30M | 61.70M | 65.40M | 82.10M | 82.30M | 70.50M |
| Repurchase of Common Stock | -70.70M | -51.40M | -154.10M | -1.04B | -1.02B | -509.80M |
| Preferred Dividends Paid | -111.20M | -108.50M | ||||
| Common Dividends Paid | -985.40M | -984.00M | -975.70M | -911.50M | -695.30M | -503.80M |
| Dividends Paid | -1.10B | -1.09B | -975.70M | -911.50M | -695.30M | -503.80M |
| Other Financing Activities | -85.20M | -87.90M | -185.40M | -3.00M | -8.50M | |
| Financing Cash Flow | -1.28B | -1.30B | -158.30M | -2.41B | -3.10B | -2.33B |
| Net Cash Flow | -294.20M | -531.40M | 452.00M | 85.70M | -83.40M | 37.40M |
| Free Cash Flow | 1.11B | 871.00M | 772.10M | 2.61B | 3.13B | 2.47B |
| Free Cash Flow Margin | 21.69% | 18.48% | 17.54% | 34.16% | 37.15% | 36.25% |
| Free Cash Flow Per Share | 2.03 | 1.60 | 1.44 | 4.76 | 5.62 | 4.37 |
| Levered Free Cash Flow | 1.36B | 1.14B | 1.06B | 2.23B | 2.14B | 2.10B |
| Unlevered Free Cash Flow | 1.46B | 1.25B | 1.14B | 2.31B | 2.25B | 2.21B |
| Cash Interest Paid | 211.10M | 211.10M | 236.20M | 191.20M | 181.50M | 207.80M |
| Cash Income Tax Paid | 244.50M | 244.50M | 175.20M | 517.10M | 482.60M | 141.40M |
| Change in Working Capital | -200.50M | -167.70M | 100.10M | -76.70M | -16.00M | 34.20M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 42.00B | 34.96B | 26.04B | 48.48B | 45.89B | 41.78B |
| Enterprise Value | 47.12B | 40.12B | 32.23B | 53.92B | 52.23B | 49.37B |
| Last Close Price | 77.34 | 63.90 | 46.49 | 84.06 | 76.90 | 67.80 |
| PE Ratio | 113.99 | 294.30 | 25.42 | 20.51 | 32.50 | |
| Forward PE | 19.52 | 26.55 | 54.22 | 33.38 | 13.26 | 14.62 |
| PS Ratio | 8.20 | 7.42 | 5.92 | 6.35 | 5.44 | 6.12 |
| PB Ratio | 6.51 | 5.43 | 3.68 | 7.28 | 7.05 | 7.09 |
| P/FCF Ratio | 37.80 | 40.14 | 33.72 | 18.59 | 14.64 | 16.90 |
| P/OCF Ratio | 35.06 | 36.34 | 28.99 | 16.76 | 12.67 | 14.70 |
| PEG Ratio | 0.43 | 0.91 | 1.71 | 6.23 | 0.80 | 1.03 |
| EV/Sales Ratio | 9.20 | 8.51 | 7.32 | 7.06 | 6.19 | 7.24 |
| EV/EBITDA Ratio | 31.29 | 32.91 | 28.64 | 15.68 | 12.71 | 16.33 |
| EV/EBIT Ratio | 56.69 | 75.72 | 85.84 | 21.07 | 16.78 | 26.27 |
| EV/FCF Ratio | 42.42 | 46.06 | 41.75 | 20.68 | 16.66 | 19.96 |
| Debt / Equity Ratio | 0.84 | 0.88 | 0.82 | 0.93 | 1.01 | 1.33 |
| Debt / EBITDA Ratio | 3.44 | 4.40 | 4.87 | 1.76 | 1.58 | 2.55 |
| Debt / FCF Ratio | 4.86 | 6.48 | 7.49 | 2.36 | 2.10 | 3.17 |
| Net Debt / Equity Ratio | 0.80 | 0.84 | 0.71 | 0.88 | 0.98 | 1.28 |
| Net Debt / EBITDA Ratio | 3.40 | 4.43 | 4.45 | 1.70 | 1.55 | 2.49 |
| Net Debt / FCF Ratio | 4.62 | 6.20 | 6.49 | 2.24 | 2.03 | 3.05 |
| Asset Turnover | 0.35 | 0.32 | 0.28 | 0.47 | 0.52 | 0.42 |
| Inventory Turnover | 1.84 | 1.71 | 1.48 | 2.00 | 2.52 | 3.12 |
| Quick Ratio | 0.96 | 1.00 | 1.26 | 0.58 | 0.49 | 0.99 |
| Current Ratio | 1.92 | 2.09 | 2.59 | 1.20 | 0.98 | 1.75 |
| Return on Equity (ROE) | 7.19% | 3.40% | -0.01% | 28.95% | 36.07% | 22.89% |
| Return on Assets (ROA) | 3.54% | 2.23% | 1.50% | 9.92% | 11.94% | 7.19% |
| Return on Invested Capital (ROIC) | 5.87% | 3.72% | -0.04% | 16.25% | 18.20% | 11.83% |
| Return on Capital Employed (ROCE) | 6.30% | 4.00% | 2.60% | 19.20% | 23.50% | 12.70% |
| Earnings Yield | 0.88% | 0.66% | -0.00% | 3.93% | 4.88% | 3.08% |
| FCF Yield | 2.65% | 2.49% | 2.97% | 5.38% | 6.83% | 5.92% |
| Dividend Yield | 2.35% | 2.82% | 3.76% | 1.86% | 1.50% | 1.21% |
| Payout Ratio | 268.25% | 475.00% | 47.80% | 31.07% | 39.19% | |
| Buyback Yield / Dilution | -1.88% | -1.47% | 1.95% | 1.67% | 1.52% | -4.56% |
| Total Shareholder Return | 0.47% | 1.35% | 5.71% | 3.53% | 3.02% | -3.36% |