Company file · MCHP
Microchip Technology
Microchip Technology's revenue rose 7.1% in FY2026, to $4.7B, and net income turned positive at $230M, from a net loss of $0M in FY2025
Revenue rose 7.1% to $4.7B in FY2026, from $4.4B in FY2025. Net income was $230M, against a net loss of $0M a year earlier. Semiconductor Products was the largest segment, at 97% of revenue.
Key facts
Microchip Technology (Nasdaq: MCHP) closed fiscal 2026 on Mar 31, 2026 with revenue of $4.7B, up 7.1% from a year before; net income came to $230M, compared with −$0M. Its newest quarterly report covers the three months to Sep 30, 2026: revenue of $1.6B, up 42.2% on the same stretch of the prior year, and net income of $401M. Broken down by segment, Semiconductor Products led with 97% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed May 21, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Nov 5, 2026).
Source: 10-K FY2026, filed May 21, 2026
Source: 10-Q filed Aug 6, 2026 · 10-Q filed Nov 5, 2026
How it makes money
By segment, FY2026
Source: 10-K FY2026, XBRL breakdown
By segment in FY2026: Semiconductor Products (97%) and Technology Licensing Member (3%), as shares of total revenue. Total revenue was $4.7B.
Source: 10-K FY2026
By product or service, FY2026
Share is of the FY2026 total; the last column is the change from FY2025.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q2 FY2027 (Jul to Sep 2026) compared with Q2 FY2026 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q2 FY2027Q2 FY2026
Company
Source: Microchip Technology 10-Q for the quarter ended Sep 30, 2026, filed Nov 5, 2026
By segment
Source: Microchip Technology 10-Q for the quarter ended Sep 30, 2026, filed Nov 5, 2026
The bull case and the bear case
The bull case
- Revenue rose 7.1% in FY2026 to $4.7B, from $4.4B a year earlier. 10-K, FY2026
- Net income was $230M in FY2026, against a net loss of $0M in FY2025. 10-K, FY2026
- Operating cash flow rose 7.1% in FY2026 to $962M. 10-K, FY2026
- Revenue in the quarter ended Sep 30, 2026 was $1.6B, up 42.2% on a year earlier. 10-Q, quarter ended Sep 30, 2026
The bear case
- Diluted shares rose 1.5% in FY2026, which spreads profit across more shares. 10-K, FY2026
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include chip cycles; customer concentration; export rules and trade. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Microchip Technology is in the semiconductors industry, part of the information technology sector. The SEC files it under Semiconductors & Related Devices.
Microchip Technology reports 2 segments: Semiconductor Products and Technology Licensing Member.
Its fiscal year ends in March; the latest, FY2026, ended Mar 31, 2026.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the semiconductors industry. They are not a summary of Microchip Technology’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Chip cyclesDemand for chips swings between shortages and gluts, and orders can be cut quickly.
- Customer concentrationA few large customers can account for much of sales.
- Export rules and tradeExport controls and tariffs can limit sales to some customers or countries.
- Manufacturing supplyIt depends on outside factories and suppliers, and disruptions can delay products.
- Competition and design winsCustomers pick suppliers product by product, so losing a design can cost years of sales.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | $7.6B | $4.4B | $4.7B |
| Net income | $1.9B | −$0M | $230M |
| Operating cash flow | $2.9B | $898M | $962M |
| Cash & equivalents (year end) | $320M | $772M | $240M |
| Total debt (year end) | $6.0B | $5.6B | $5.5B |
| Diluted shares | 548M | 537M | 545M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: The current part of long-term debt plus long-term debt, at carrying value.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Segment reporting
- Net debt and net cash
- Debt-to-equity ratio
- Risk factors (Item 1A)
- The cash flow statement
- Noncash investing and financing
- The proxy statement (DEF 14A)
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
- Microchip Technology names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Mar 31, 2026.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Nov 5, 2026 | Sep 30, 2026 |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 |
| DEF 14A | Jul 6, 2026 | Aug 18, 2026 |
| 10-K | May 21, 2026 | Mar 31, 2026 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Microchip Technology
How does Microchip Technology make money?
Fiscal 2026 revenue: $4.7B. By segment in FY2026: Semiconductor Products (97%) and Technology Licensing Member (3%), as shares of total revenue. Total revenue was $4.7B. Source: 10-K for fiscal 2026, filed May 21, 2026.
What was Microchip Technology's revenue in fiscal 2026?
$4.7B, up 7.1% from fiscal 2025 ($4.4B). The year ended Mar 31, 2026; for fiscal 2024 the figure was $7.6B. Source: 10-K for fiscal 2026, filed May 21, 2026.
Is Microchip Technology profitable?
Net income was $230M in fiscal 2026 (compared with −$0M; fiscal 2025 was −$0M). That counts as a GAAP profit. The latest quarter, ended Sep 30, 2026: net income was $401M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed May 21, 2026.
What did Microchip Technology report in its latest quarterly filing?
For the three months to Sep 30, 2026: revenue $1.6B (up 42.2% from $1.1B) and net income $401M (up 862.6% from $42M). Source: 10-Q for the quarter ended Sep 30, 2026, filed Nov 5, 2026.
How much cash and debt does Microchip Technology have?
As of Sep 30, 2026: $457M of cash and cash equivalents, $5.5B of total debt. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Nov 5, 2026.
What are the main risks Microchip Technology faces?
Microchip Technology's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed May 21, 2026. Risks that are common among companies in the semiconductors industry include Chip cycles; customer concentration; export rules and trade; manufacturing supply; competition and design wins. The first: Demand for chips swings between shortages and gluts, and orders can be cut quickly. Source: 10-K, Item 1A Risk Factors.
Where do these Microchip Technology numbers come from?
The 10-K filed May 21, 2026 (fiscal 2026) and the 10-Q filed Nov 5, 2026 (quarter ended Sep 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Microchip Technology
- Two Sigma Investments: 1,919,271 shares, reported value $175.0M at Jun 30, 2026 (+85.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Citadel Advisors: 1,290,382 shares, reported value $117.7M at Jun 30, 2026 (+60.4% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Renaissance Technologies: 1,045,956 shares, reported value $95.4M at Jun 30, 2026 (+3,588.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
- Millennium Management: 508,875 shares, reported value $46.4M at Jun 30, 2026 (+2.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Bridgewater Associates: 275,882 shares, reported value $25.2M at Jun 30, 2026 (+853.3% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Soros Fund Management: 227,800 shares, reported value $20.8M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Maverick Capital: 7,205 shares, reported value $0.7M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in MCHP
- The editor holds no position in Microchip Technology (MCHP). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell MCHP from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 6, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold MCHP, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| Microchip TechnologyMCHP | FY2026 | $4.7B | +7.1% | $230M |
| NvidiaNVDA | FY2026 | $215.9B | +65.5% | $120.1B |
| BroadcomAVGO | FY2025 | $63.9B | +23.9% | $23.1B |
| MicronMU | FY2026 | $133.2B | +256.3% | $85.0B |
| AMD | FY2025 | $34.6B | +34.3% | $4.3B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.