MCHP
Microchip Technology Incorporated65.90
-1.28-1.91%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Q&A confirms upcycle demand surge
Q&A amplified prepared remarks on surging demand, with executives highlighting exploding expedites, strong turns business exceeding models, and lead times firming amid broad backlog growth—even January beat norms. Microcontroller and analog held flat against seasonal drops, fueling December upside, while FPGA, memory (via competitor shifts), data center, and A&D (geopolitical tailwinds) drive March's 6% guide sans licensing repeat. Management prioritized debt paydown over buybacks, spooked by prior leverage spikes. Inventory reserves normalize soon, but $50M fab underutilization lingers; high-margin external growth offsets. Demand roars. Watch capacity constraints and leverage unwind.
Key Stats
Market Cap
35.62BP/E (TTM)
-Basic EPS (TTM)
-0.46Dividend Yield
0.03%Recent Filings
8-K
Microchip issues $800M convertibles
Microchip issued $800M 0% Convertible Senior Notes due 2030 on February 11, 2026, after upsizing from $600M and full exercise of the $100M greenshoe. Net proceeds of $883.3M fund capped calls costing $68M and repay commercial paper. Conversion starts at $104.17/share; caps dilute dilution to $148.82. Notes non-interest bearing, redeemable post-2029.
8-K
Q3 sales beat, margins soar
Microchip beat expectations with Q3 FY26 net sales of $1.186 billion, up 4.0% sequentially and 15.6% year-over-year. Non-GAAP gross margins hit 60.5%, operating income $337.8 million at 28.5% of sales; margins expand fast. Returned $246.1 million to shareholders. Guides Q4 sales to $1.260 billion midpoint, up 6.2% sequentially. Debt dipped $26 million.
10-Q
Q3 FY2026 results
Microchip Technology's 10-Q for the quarter ended December 31, 2025 lacks financial statements, so no topline revenue, profitability, or key metric deltas are disclosed. No y/y or q/q changes for revenue, margins, operating income, EPS, cash flow, or debt can be reported from the filing. Non-GAAP metrics not disclosed in the 10-Q. Balance sheets, income statements, and cash flow details absent here. Liquidity and M&A events omitted. Competition pressures supply chain reliability.
8-K
Q3 sales beat guidance sharply
Microchip beat Q3 FY2026 net sales guidance sharply, hitting $1,185 million versus $1,109-$1,149 million originally and high-end revised on December 2. Broad recovery across end markets fueled strong bookings and better March backlog, while inventory cuts slash write-offs and factory ramps curb under-utilization. Recovery plan progressing. Risks lurk in economic volatility.
10-Q
Q2 FY2026 results
Microchip Technology's 10-Q for the quarter ended September 30, 2025 lacks financial statements and MD&A details, so topline revenue, profitability metrics, y/y or q/q deltas, EPS, cash flow, and debt figures are not disclosed. No segment drivers, non-GAAP reconciliations, M&A activity, or liquidity posture appear in the provided filing. Balance sheet and operations data for three and six months ended September 30, 2025 versus 2024 are referenced in the index but omitted here. Shares outstanding stood at 540,446,834 as of October 28, 2025. No material risks from Risk Factors are detailed in the excerpt. Filing incomplete.
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