MCHPNasdaqSemiconductors & Related DevicesFiscal year ends March 31Also trades as MCHPP
MICROCHIP TECHNOLOGY INC
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$74.43+0.58 (+0.79%)
Close on Oct 19, 2026
- Market cap
- $40.97B
- P/E (TTM)
- 111.1
- Dividend yield
- 2.45%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
57.7%−4.4 pts over 5 years
Operating margin
10.4%−8.0 pts over 5 years
Net margin
4.9%−1.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.1% | -17.6% | -2.8% | +8.0% | |
| Gross profit | +10.3% | -21.8% | -4.2% | +8.5% | |
| Operating income | +65.4% | -46.0% | -13.3% | +3.4% | |
| Net income | – | -53.2% | -8.0% | -3.4% | |
| EPS, diluted | – | -62.0% | -19.5% | -11.5% | |
| Free cash flow | +12.8% | -34.7% | -13.7% | +1.7% | |
| Dividend per share | +0.2% | +13.0% | +19.5% | +9.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 10.1% | 6.4% | 3.4% | |
| Return on assets | 2.5% | 2.1% | 1.5% | |
| Current ratio | 3.27 | 0.89 | 2.09 | |
| Debt to equity | 0.90 | 1.67 | 0.85 | |
| Net debt to EBITDA | 2.74× | 4.01× | 4.46× | |
| Interest coverage | 1.9× | 2.8× | 2.2× | |
| Inventory turnover | 4.6× | 3.0× | 1.7× | |
| Capex to revenue | 0.3% | 1.7% | 1.9% | |
| Diluted shares | 470M | 541M | 545M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Microchip Technology generated $11.22B from operations and spent $6.68B on capital expenditure, dividends and share buybacks. 20% of that went back into the business.
Generated
$11.22B
Used
$6.68B
Capital expenditure$1.36B20%Dividends$2.87B43%Share buybacks$2.45B37%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.9%
×Asset turnover0.32×
×Equity multiplier2.20×
=Return on equity, FY20263.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 4.9% | 0.32× | 2.20× | 3.4% |
| FY2025 | -0.0% | 0.28× | 2.27× | -0.0% |
| FY2024 | 25.0% | 0.47× | 2.45× | 29.0% |
| FY2023 | 26.5% | 0.52× | 2.62× | 36.1% |
| FY2022 | 18.8% | 0.42× | 2.91× | 22.9% |
| FY2021 | 6.4% | 0.32× | 3.10× | 6.4% |
| FY2020 | 10.8% | 0.29× | 3.29× | 10.5% |
| FY2019 | 6.7% | 0.40× | 3.11× | 8.3% |
| FY2018 | 6.4% | 0.50× | 2.43× | 7.8% |
| FY2017 | 4.8% | 0.52× | 4.05× | 10.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$230.00M
- Cash generatingOperating cash flow above zero$962.10M
- Return on assets improvedROA up on the prior year-0.0% → 1.5%
- Earnings backed by cashOperating cash flow above net income$962.10M vs $230.00M
- Less leverageLong-term debt to assets fell36.6% → 38.2%
- Better liquidityCurrent ratio rose2.59 → 2.09
- No dilutionShare count did not rise537M → 545M
- Gross margin improvedGross margin up on the prior year56.07% → 57.73%
- More efficientAsset turnover rose0.28 → 0.31