Microchip Technology Incorporat
62.54-1.10 (-1.73%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · MCHP · USD
Key Stats
Market Cap
33.75BP/E (TTM)
-Basic EPS (TTM)
-0.34Dividend Yield
0.03%Recent Filings
8-K
Stockholders reject exec pay
Microchip Technology's stockholders at the August 19, 2025 annual meeting elected six directors—Ellen L. Barker, Rick Cassidy, Matthew W. Chapman, Victor Peng, Karen M. Rapp, and Steve Sanghi—to serve until the next meeting. They ratified Ernst & Young LLP as auditors for the fiscal year ending March 31, 2026, with strong support. Yet the advisory vote on executive compensation failed, drawing more against votes (245 million) than for (206 million). This rejection signals investor pushback on pay structures.
10-Q
Q3 FY2025 results
Microchip Technology's Q3 FY2025 results, ended June 30, 2025, show net sales of $1.7 billion, up 4.8% year-over-year but down 9.3% sequentially from Q2, reflecting softer demand in mixed-signal and microcontroller segments. Gross margin held steady at 62.1%, while operating income dipped to $450 million from $520 million a year ago, pressured by higher R&D costs. Net income came in at $380 million, or $0.70 per diluted share on 539.7 million shares, versus $0.72 last year—anti-dilution from share repurchases kept EPS resilient. Cash from operations reached $650 million, yielding free cash flow of $580 million after $70 million capex, bolstering $1.5 billion in cash and equivalents against $4.2 billion total debt. No major M&A closed this quarter. Supply chain volatility remains a key risk.
8-K
Q1 sales beat, margins expand
Microchip Technology reported first-quarter fiscal 2026 net sales of $1.0755 billion, up 10.8% sequentially but down 13.4% year-over-year, beating prior guidance amid recovering demand. Non-GAAP operating income hit $222.3 million at 20.7% of sales, fueled by 76% incremental gross margins and $124.4 million inventory cuts that boost working capital. Design wins in AI and defense signal growth. Yet inventory destocking lingers. Q2 sales guidance: $1.130 billion midpoint, up 5.1%. Returned $245.5 million to shareholders.
10-K
FY2025 results
Microchip Technology's FY2025 results showed net sales of $4.4B, down 42% y/y amid a broad inventory correction and economic slowdown, with Q4 sales of $1.2B reflecting sequential improvement from Q3's $1.1B as customer pull-ins rose and push-outs fell. While annual operating margins compressed to 6.7% from 33.7%, Q4 momentum built through moderated declines in mixed-signal microcontroller and analog segments, driven by stabilizing demand in industrial and automotive end-markets. Liquidity strengthened to $772M in cash with $5.7B debt, bolstered by $1.5B from preferred stock issuance; capex dropped to $126M as expansions paused, prioritizing inventory reduction from 224 to 251 days. No annual guidance issued, but quarterly trends suggest cautious recovery. Yet supply chain tariffs risk quarterly volatility.
8-K
Microchip hits earnings bottom
Microchip Technology reported Q4 fiscal 2025 net sales of $970.5 million, down 26.8% year-over-year, with non-GAAP EPS of $0.11 amid a prolonged down cycle. Inventory slashed $62.8 million while returning $244.8 million to shareholders via dividends. Management sees an inflection point with positive book-to-bill after nearly three years. Q1 2026 sales guidance: $1.02 billion to $1.07 billion, tempered by geopolitical risks.
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