Tearsheet

Microchip Technology (MCHP)

Market Price (12/27/2025): $64.94 | Market Cap: $35.1 Bil
Sector: Information Technology | Industry: Semiconductors

Microchip Technology (MCHP)

Market Price (12/27/2025): $64.94
Market Cap: $35.1 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%	Weak multi-year price returns 2Y Excs Rtn is -70%, 3Y Excs Rtn is -83%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 740x
1	Attractive yield Dividend Yield is 2.1%		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -15%, Rev Chg QQuarterly Revenue Change % is -2.0%
2	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and Automation & Robotics. Themes include Edge AI, Industrial Robotics, Show more.		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.6%
3			Key risks MCHP key risks include [1] high inventory levels and margin compression driven by a prolonged downturn in its key automotive and industrial segments.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%
1	Attractive yield Dividend Yield is 2.1%
2	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and Automation & Robotics. Themes include Edge AI, Industrial Robotics, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -70%, 3Y Excs Rtn is -83%
4	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 740x
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -15%, Rev Chg QQuarterly Revenue Change % is -2.0%
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.6%
7	Key risks MCHP key risks include [1] high inventory levels and margin compression driven by a prolonged downturn in its key automotive and industrial segments.

Valuation, Metrics & Events

	12/27/25	2024	2023	2022
Share Price CYE	$64.94	$55.60	$85.48	$65.30
Market Cap CYE ($ Bil)	35.1	29.9	46.2	35.9
Total Debt ($ Bil)	5.4	5.7	6.0	6.5
Total Cash ($ Bil)	0.2	0.8	0.3	0.2
Enterprise Value ($ Bil)	40.2	35.6	52.2	42.4
Valuation Ratios
P/S TTM	8.3	7.0	6.4	4.6
P/EBIT TTM	739.8	106.1	19.1	12.5
P/E TTM	-189.5	-61,628.3	25.6	17.3
P/FCF TTM	46.5	39.9	18.7	12.3
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6
P/EBIT TTM (Sector)	3.0	2.3	-0.2	-0.7
P/E TTM (Sector)	-0.2	-0.3	-0.5	-0.8
P/FCF TTM (Sector)	12.3	13.7	12.2	6.9

	12/27/25	2024	2023
Share Price CYE	$64.94	$55.60	$85.48
Market Cap CYE ($ Bil)	35.1	29.9	46.2
Total Debt ($ Bil)	5.4	5.7	6.0
Total Cash ($ Bil)	0.2	0.8	0.3
Enterprise Value ($ Bil)	40.2	35.6	52.2
Valuation Ratios
P/S TTM	8.3	7.0	6.4
P/EBIT TTM	739.8	106.1	19.1
P/E TTM	-189.5	-61,628.3	25.6
P/FCF TTM	46.5	39.9	18.7
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	3.0	2.3	-0.2
P/E TTM (Sector)	-0.2	-0.3	-0.5
P/FCF TTM (Sector)	12.3	13.7	12.2

	MCHP	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	4.2
Rev Chg Q	-2.0%	7.3%
Rev Chg LTM	-23.4%	6.1%
Rev Chg 3Y Avg	-14.9%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.8
Net Inc LTM ($ Bil)	-0.2
Op Mgn LTM	3.7%	18.8%
CFO/Rev LTM	20.0%	20.4%
Net Inc Mgn	-4.4%	13.1%
VALUATION	VERY HIGH
P/S	8.3	3.3
P/CFO	41.7	15.8
P/FCF	46.5	20.7
P/E	-189.5	23.5
STABILITY	GOOD
Debt/Equity	0.15	0.21
Cash/Assets	0.02	0.07

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Metric	Value	Date	Source
Number of Customers	100,000+	6302025	Link
Book-to-Bill Ratio	Positive for the first time in nearly three years	5082025	Link
Total Patent Documents (Applications and Grants)	9821	8142025	Link
Number of Employees	19400	3312025	Link
Net Promoter Score	-7	2292024	Link

Upcoming
2/05/2026	Earnings Release	Rev: $1.0 Bil (E) EPS: $0.38 (E)

MCHP Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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The requested time period of 8/31/2025 to December 27, 2025, is in the future. Therefore, specific factual details explaining a 0.8% stock movement for Microchip Technology (MCHP) within this future timeframe are not available. However, based on recent information and analyst outlooks for periods surrounding this timeframe, several factors are generally anticipated to influence Microchip Technology's stock performance.

1. Analyst Sentiment and Price Targets: Wall Street analysts generally hold a "Moderate Buy" consensus rating for Microchip Technology, with an average price target that suggests potential upside. This positive sentiment often reflects confidence in the company's long-term prospects. Citi, for example, named Microchip Technology as its top pick in the analog chip sector, projecting significant increases in earnings per share for future quarters.

2. Semiconductor Market Trends and Industry Growth: The broader microchip market is projected to experience substantial growth in the coming years, with a compound annual growth rate of roughly 7.71% between 2025 and 2034. This overall industry expansion, driven by increasing development and innovation, provides a favorable environment for companies like Microchip Technology. Microchip is expected to benefit from megatrends such as 5G infrastructure, IoT, data centers, e-Mobility, and Advanced Driver Assistance Systems (ADAS).

3. Financial Guidance and Business Outlook: Microchip Technology has provided guidance indicating expectations for improved performance. For instance, in December 2025, the company updated its outlook for the third quarter of fiscal 2026, suggesting better-than-expected business performance, strong bookings, and sequential growth in revenue and EPS. This positive guidance often reassures investors about the company's operational health and strategic direction.

4. Product Innovation and Market Positioning: Microchip's focus on developing advanced microcontrollers, analog semiconductors, and other embedded control solutions positions it well in various growing markets. Recent product introductions, such as energy-efficient power monitors and interoperability with next-generation data center infrastructure, underscore the company's efforts to provide high-value content and support margin improvement.

5. Shareholder Returns and Financial Discipline: Microchip Technology has a history of returning value to shareholders through dividends and stock repurchases. The company has also emphasized operational discipline and strategies to promote stability, resilience, and long-term growth, even amidst challenging macroeconomic conditions. Its commitment to increasing adjusted free cash flow return to shareholders further highlights its financial management.

Stock Movement Drivers

Fundamental Drivers

The 1.7% change in MCHP stock from 9/26/2025 to 12/26/2025 was primarily driven by a 2.4% change in the company's P/S Multiple.

	9262025	12262025	Change
Stock Price ($)	63.84	64.94	1.72%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4235.80	4212.40	-0.55%
P/S Multiple	8.13	8.32	2.43%
Shares Outstanding (Mil)	539.20	540.00	-0.15%
Cumulative Contribution			1.72%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025

	Return	Correlation
MCHP	1.7%
Market (SPY)	4.3%	57.2%
Sector (XLK)	5.1%	54.9%

Fundamental Drivers

The -6.4% change in MCHP stock from 6/27/2025 to 12/26/2025 was primarily driven by a -4.3% change in the company's Total Revenues ($ Mil).

	6272025	12262025	Change
Stock Price ($)	69.38	64.94	-6.40%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4401.60	4212.40	-4.30%
P/S Multiple	8.49	8.32	-1.92%
Shares Outstanding (Mil)	538.50	540.00	-0.28%
Cumulative Contribution			-6.40%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025

	Return	Correlation
MCHP	-6.4%
Market (SPY)	12.6%	42.9%
Sector (XLK)	17.0%	40.4%

Fundamental Drivers

The 14.6% change in MCHP stock from 12/26/2024 to 12/26/2025 was primarily driven by a 50.4% change in the company's P/S Multiple.

	12262024	12262025	Change
Stock Price ($)	56.68	64.94	14.57%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5496.60	4212.40	-23.36%
P/S Multiple	5.53	8.32	50.42%
Shares Outstanding (Mil)	536.70	540.00	-0.61%
Cumulative Contribution			14.57%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025

	Return	Correlation
MCHP	14.6%
Market (SPY)	15.8%	72.0%
Sector (XLK)	22.3%	69.4%

Fundamental Drivers

The 1.2% change in MCHP stock from 12/27/2022 to 12/26/2025 was primarily driven by a 79.7% change in the company's P/S Multiple.

	12272022	12262025	Change
Stock Price ($)	64.17	64.94	1.20%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7638.50	4212.40	-44.85%
P/S Multiple	4.63	8.32	79.69%
Shares Outstanding (Mil)	551.50	540.00	2.09%
Cumulative Contribution			1.16%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025

	Return	Correlation
MCHP	-24.8%
Market (SPY)	48.0%	68.2%
Sector (XLK)	53.7%	67.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MCHP Return	34%	27%	-18%	31%	-35%	18%	40%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
MCHP Win Rate	58%	50%	42%	67%	25%	33%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
MCHP Max Drawdown	-47%	-4%	-35%	-2%	-37%	-38%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See MCHP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	MCHP	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-37.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	59.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	360 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-49.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	99.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	169 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-40.7%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	68.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	422 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-60.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	153.5%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1,745 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Microchip Technology's stock fell -37.2% during the 2022 Inflation Shock from a high on 12/27/2021. A -37.2% loss requires a 59.2% gain to breakeven.

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About Microchip Technology (MCHP)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and Smartbits one time programmable NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.

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Here are 1-2 brief analogies for Microchip Technology (MCHP):

Like **Texas Instruments (TI)** for microcontrollers and embedded systems.
A highly diversified **Texas Instruments (TI)** that provides the 'brains' (microcontrollers) and 'senses' (analog chips) for countless electronic devices.

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Microcontrollers (MCUs): Tiny, specialized computers embedded in countless electronic devices to control their specific functions.
Microprocessors (MPUs): More powerful programmable logic chips used in complex embedded systems, often running operating systems.
Analog & Mixed-Signal Products: Components that manage power, amplify signals, convert data, and handle various real-world electrical functions.
Field-Programmable Gate Arrays (FPGAs): Integrated circuits that can be configured by a customer or designer after manufacturing, providing flexible logic.
Wireless Connectivity Solutions: Integrated circuits and modules enabling devices to communicate wirelessly via standards like Wi-Fi, Bluetooth, and LoRa.
Timing & Synchronization Products: Devices providing precise clock signals and synchronization for various electronic systems and networks.

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Microchip Technology (MCHP) primarily operates on a Business-to-Business (B2B) model, selling its semiconductor products to other companies rather than directly to individuals.

Based on their latest public filings, Microchip Technology serves a broad and diverse customer base. No single customer accounted for 10% or more of their net sales in fiscal years 2023, 2022, or 2021. This indicates that MCHP does not have a few concentrated "major customers" in the traditional financial reporting sense.

Instead, Microchip Technology's customer base consists of thousands of Original Equipment Manufacturers (OEMs), distributors, and contract manufacturers worldwide. These customers integrate MCHP's microcontrollers, analog, mixed-signal, and flash-IP solutions into a wide array of electronic products across various industries.

While Microchip Technology does not publicly disclose specific names of its individual major customers due to the fragmented nature of its sales, its components are widely used by companies in the following key markets. Below are examples of prominent companies within these markets that typically utilize semiconductor components like those offered by Microchip, and are therefore representative of their potential customer types:

Automotive: Companies manufacturing vehicles or automotive electronics, e.g., Continental AG (XTRA: CON)
Industrial: Companies producing industrial automation, smart energy, and medical devices, e.g., Siemens AG (XTRA: SIE)
Computing & Consumer: Manufacturers of personal computers, servers, networking equipment, and consumer electronics, e.g., Apple Inc. (NASDAQ: AAPL), Dell Technologies Inc. (NYSE: DELL), Cisco Systems, Inc. (NASDAQ: CSCO)

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Taiwan Semiconductor Manufacturing Company Limited (TSM)
United Microelectronics Corporation (UMC)

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Steve Sanghi, Chair of the Board, CEO and President

Steve Sanghi was appointed Chief Executive Officer and President of Microchip Technology in November 2024, and also serves as Chair of the Board. He previously held the CEO role from October 1991 to March 2021. Prior to joining Microchip in February 1990, Mr. Sanghi started his career at Intel Corporation, where he rose to become General Manager of their programmable memory products division. He then served as Vice President of Operations at Waferscale Integration, a startup company. Companies he was previously involved with that were acquired include Waferscale Integration (acquired by STMicroelectronics NV in 2000) and Adflex Solutions, Inc. (acquired by Innovex, Inc. in 1999). Mr. Sanghi has also served on the boards of several other companies, including Mellanox Technologies Ltd., Hittite Microwave Corp., Xyratex Technology Ltd., FlipChip International LLC, Adflex Solutions Inc., Artisoft Inc., and Myomo Inc., and currently serves on the boards of Intel Corp and Impinj Inc.

Eric Bjornholt, Senior Corporate Vice President, Chief Financial Officer

Eric Bjornholt joined Microchip Technology in 1995 and has served as its Chief Financial Officer since 2009, in addition to his role as Senior Vice President. Before his tenure at Microchip, Mr. Bjornholt gained experience working for KPMG LLP.

Richard J. Simoncic, Chief Operating Officer

Richard J. Simoncic became Chief Operating Officer of Microchip Technology in April 2024, having joined the company as a new college graduate in 1989. He is recognized for founding Microchip's internal analog business in 1998, which he grew to achieve over $2 billion in annual revenue.

Michael A. Finley, Senior Corporate Vice President, Operations

Michael A. Finley joined Microchip Technology in 1990 and holds the position of Senior Vice President of Fab Operations. Prior to joining Microchip, he spent 10 years working in fab operations at Intel Corporation.

Joseph R. Krawczyk, Senior Corporate Vice President, Worldwide Client Engagement

Joseph R. Krawczyk has been with Microchip Technology since 1995, currently serving as Senior Vice President of Worldwide Client Engagement. His career at Microchip includes various leadership roles such as U.S. Southeast sales manager, ASEAN regional sales manager, and Vice President of Asia Pacific Client Engagement. Before Microchip, Mr. Krawczyk spent 14 years at Texas Instruments in engineering, marketing, and management capacities.

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The key risks to Microchip Technology (MCHP) are primarily driven by the inherent characteristics of the semiconductor industry and global economic and political dynamics.

Cyclical Nature of the Semiconductor Industry and Inventory Fluctuations: Microchip Technology is significantly exposed to the cyclical nature of the semiconductor industry, which leads to substantial fluctuations in demand and revenue. The company has recently faced challenges such as revenue declines, margin compression, and high inventory levels, indicating a market in correction. Prolonged downturns, especially in its key automotive and industrial segments, could critically erode revenue and pressure operating margins.
Geopolitical Risks and Supply Chain Disruptions: The global nature of the semiconductor supply chain makes Microchip Technology highly vulnerable to geopolitical tensions, trade disputes (particularly between the U.S. and China), and political instability. These factors can disrupt the flow of critical components, equipment, and raw materials (like rare earth metals predominantly sourced from China), impacting production and market access. Such disruptions increase capital costs for companies like Microchip and necessitate a balance between reshoring incentives and operational efficiency.
Intensifying Competition and Rapid Technological Change: Microchip Technology operates in a highly competitive and fast-evolving semiconductor market. It faces intense competition from both established players with greater resources and emerging companies that are constantly developing new and improved products. This competitive pressure, coupled with rapid technological advancements, demands continuous innovation and substantial research and development (R&D) investments to maintain technological leadership, prevent product obsolescence, and avoid price erosion.

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RISC-V Adoption: The rapid rise and industry backing of RISC-V, an open-standard instruction set architecture (ISA), poses a significant emerging threat. Unlike proprietary architectures like ARM (which Microchip licenses for some products) or their own PIC and AVR architectures, RISC-V is free to use, customize, and extend. This could lead to a proliferation of lower-cost, highly optimized custom processors from competitors and customers alike. As the RISC-V ecosystem matures with robust development tools, software libraries, and widespread developer support (backed by major players like Google, Intel, NVIDIA, and Qualcomm), it could divert designs away from Microchip's established microcontroller and embedded processor offerings across key markets like IoT, automotive, and industrial. This shift threatens to commoditize the core ISA layer and erode Microchip's competitive advantage derived from its proprietary architectures and extensive ARM licensing.

Hyperscalers and Large Tech Companies Designing Custom Silicon: Major customers of Microchip, including hyperscale cloud providers and large tech companies (e.g., Amazon, Google, Tesla, Apple, Microsoft), are increasingly designing their own highly specialized integrated circuits for internal use. These custom chips range from advanced CPUs/GPUs/AI accelerators to integrated system-on-chips (SoCs) that incorporate embedded control, power management, and interface functions that Microchip typically provides off-the-shelf. This trend reduces the demand for Microchip's standard products in high-volume, strategic applications within these companies. It could force Microchip to shift its business model from selling complete solutions to potentially supplying intellectual property (IP) or highly niche components, impacting market share, revenue streams, and profit margins in critical growth segments.

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The addressable markets for Microchip Technology's main products or services are as follows:

Microcontrollers (MCUs): The global microcontroller market size was estimated at USD 36.22 billion in 2024 and is projected to reach USD 105.32 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 12.8% from 2025 to 2033.
Analog Semiconductors: The global analog semiconductor market size was valued at USD 101.22 billion in 2024 and is predicted to increase from USD 107.23 billion in 2025 to approximately USD 180.24 billion by 2034, expanding at a CAGR of 5.94% from 2025 to 2034.
Mixed-Signal ICs: The global mixed-signal IC market size was valued at USD 127.5 billion in 2024 and is estimated to reach USD 188.7 billion by 2033, exhibiting a CAGR of 4.5% during 2025-2033.
Field Programmable Gate Arrays (FPGAs): The global FPGA market was valued at USD 13.63 billion in 2024 and is expected to grow at a CAGR of 10.30% from 2025 to 2034.
Power Management ICs (PMICs): The global power management IC market size accounted for USD 40.86 billion in 2024 and is expected to exceed USD 79.11 billion by 2034, growing at a CAGR of 6.83% from 2025 to 2034.
Wireless Connectivity: The global wireless connectivity market size was estimated at USD 103.87 billion in 2024 and is predicted to increase from USD 118.32 billion in 2025 to approximately USD 373.00 billion by 2034, expanding at a CAGR of 13.64% from 2025 to 2034.

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Microchip Technology (MCHP) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:

Alignment with Megatrends: Microchip is strategically focusing on and aligning its product offerings with significant industry megatrends such as AI/ML, data centers, E-Mobility, the Internet of Things (IoT), sustainability, and networking/connectivity. This strategic alignment is intended to capture sustainable future growth in high-growth areas. The company's expertise in embedded systems, analog and interface technologies, and security solutions positions it well within these markets.
Product Innovation and Expansion into High-Growth Markets: The company consistently invests in research and development to introduce new and improved products. Microchip is actively expanding its presence in critical markets like automotive, industrial, and data centers. Notably, the automotive sector significantly increased its revenue contribution from fiscal 2024 to fiscal 2025. Furthermore, the microcontroller (MCU) business has shown strong sequential growth, particularly from 32-bit MCUs, and Microchip has entered the 64-bit embedded microprocessor market to strengthen its position in AI-enabled edge solutions.
Strategic Acquisitions: Microchip has a history of utilizing carefully planned acquisitions to expand its product offerings, enhance technological capabilities, and diversify revenue streams. The successful integration of these acquired companies has generated synergies and cost savings, which further supports the company's long-term growth foundation.
Strong Design-in Activity and Total System Solution (TSS) Approach: The company boasts a robust design-in pipeline across its various end markets, megatrends, and key customers, which is anticipated to fuel above-market long-term growth. Microchip's comprehensive product portfolio, known as the Total System Solution (TSS), offers a streamlined approach for design engineers, facilitating quicker market entry and ensuring product longevity.
Recovery from Inventory Correction and Increased Demand: After navigating a significant inventory correction within the semiconductor industry, Microchip is experiencing a recovery driven by inventory adjustments. Management expects this above-seasonal growth to continue, with strong bookings and extending product lead times indicating tightening supply and increasing demand.

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Share Repurchases

Microchip Technology's Board of Directors authorized a new program on November 8, 2021, to purchase up to $4.0 billion of its common stock. This replaced a previous program to repurchase up to 30 million shares.
From fiscal year 2019 through the first quarter of fiscal year 2026, the company allocated approximately $2.4 billion to share repurchases.
These repurchases are expected to be funded through available cash flow from operations, after capital expenditures and dividend payments.

Outbound Investments

Microchip Technology has pursued strategic acquisitions to expand its market presence and technological capabilities.
In April 2024, Microchip acquired Neuronix AI, an AI-based computer vision provider, for an undisclosed amount.
Other recent acquisitions include IconicRF in December 2021 and LegUp Computing and Tekron in October 2020, all for undisclosed amounts.

Capital Expenditures

Capital expenditures averaged $272 million annually from fiscal years ending March 2021 to 2025. The peak was $486.2 million in March 2023, while the low was $92.6 million in March 2021.
For fiscal year 2025, capital expenditures are expected to be approximately $135 million.
Microchip anticipates capital expenditures for fiscal year 2026 to be at or below $100 million, reflecting a pause in most factory expansion actions and reduced planned investments due to a slowing macroeconomic environment.

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		Best Bets In Information Technology Sector
	MCHP	VRSN	IDCC	NVDA	RMBS	GEN	ZM	DBX	YOU	MPWR	DAVE
What You Pay
P/E	-189.5	28.3	17.2	46.7	44.3	30.0	16.5	14.5	19.0	23.9	21.0
P/EBIT	739.8	20.5	13.9	39.8	37.7	10.7	23.9	11.8	20.7	65.5	24.0
What You Get
Rev Chg Q	-2.0%	7.3%	28.0%	62.5%	22.7%	25.3%	4.4%	-0.7%	15.5%	18.9%	63.0%
Rev Chg LTM	-23.4%	5.5%	28.8%	65.2%	31.0%	16.2%	3.8%	-0.4%	17.8%	30.5%	53.8%
Rev Chg 3Y Avg	-14.9%	5.2%	27.1%	91.6%	17.3%	16.5%	3.4%	3.4%	31.0%	17.2%	38.6%
FCF/Rev 3Y Avg	26.9%	57.4%	54.2%	43.4%	39.3%	36.7%	36.1%	33.4%	32.5%	28.6%	26.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Microchip Technology Earnings Notes
2	Microchip Technology Earnings Notes
3	Microchip Technology Earnings Notes
4	Microchip Technology Stock Rockets 26% With 5-Day Winning Streak	Notification
5	Better Bet Than Microchip Technology Stock: NVDA, AVGO Deliver More	Actionable
6	Microchip Technology vs NVIDIA: Which Stock Could Rally?	Counter-Intuitive Comparisons
7	Is Microchip Technology Stock Built to Withstand a Pullback?	Return
8	Day 7 of Loss Streak for Microchip Technology Stock with -8.5% Return (vs. 13% YTD) [9/3/2025]	Notification
9	Day 6 of Loss Streak for Microchip Technology Stock with -8% Return (vs. 13% YTD) [9/2/2025]	Notification
10	Day 5 of Loss Streak for Microchip Technology Stock with -6% Return (vs. 16% YTD) [8/29/2025]	Notification

	Title
0	ARTICLES

Trade Ideas

Select ideas related to MCHP. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	14.4%	14.4%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	13.1%	13.1%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.3%	17.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	12.0%	12.0%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	5.5%	5.5%	0.0%
MCHP_10312022_Monopoly_xInd_xCD_Getting_Cheaper	10312022	MCHP	Microchip Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	23.2%	17.7%	-3.7%
MCHP_4302022_Monopoly_xInd_xCD_Getting_Cheaper	04302022	MCHP	Microchip Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-2.6%	13.9%	-13.5%
MCHP_3312020_Monopoly_xInd_xCD_Getting_Cheaper	03312020	MCHP	Microchip Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	52.7%	131.9%	-7.4%
MCHP_3312019_Monopoly_xInd_xCD_Getting_Cheaper	03312019	MCHP	Microchip Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	11.0%	-15.5%	-31.7%
MCHP_9302018_Monopoly_xInd_xCD_Getting_Cheaper	09302018	MCHP	Microchip Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	6.1%	19.8%	-22.3%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Microchip Technology

Peers to compare with:

Financials

	MCHP	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Microchi.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	64.94	23.26	24.49	305.09	78.16	273.40	71.55
Mkt Cap	35.1	21.9	32.6	284.9	309.2	4,074.4	160.0
Rev LTM	4,212	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	155	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	754	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	1,807	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	841	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	2,047	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	MCHP	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Microchi.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	-23.4%	3.2%	13.8%	4.5%	8.9%	6.0%	5.2%
Rev Chg 3Y Avg	-14.9%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	-2.0%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	-0.6%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	3.7%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	21.0%	7.4%	7.2%	16.4%	24.2%	30.8%	18.7%
QoQ Delta Op Mgn LTM	-1.2%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	20.0%	6.7%	8.5%	20.6%	23.8%	26.6%	20.3%
CFO/Rev 3Y Avg	30.4%	6.8%	12.7%	21.4%	26.1%	28.4%	23.8%
FCF/Rev LTM	17.9%	5.1%	1.8%	18.1%	22.1%	23.5%	18.0%
FCF/Rev 3Y Avg	26.9%	5.5%	4.6%	18.6%	24.6%	25.6%	21.6%

Valuation

	MCHP	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Microchi.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	35.1	21.9	32.6	284.9	309.2	4,074.4	160.0
P/S	8.3	0.4	1.0	4.4	5.4	10.0	4.9
P/EBIT	739.8	6.8	19.9	25.1	22.5	31.3	23.8
P/E	-189.5	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	41.7	5.9	11.2	21.1	22.5	37.5	21.8
Total Yield	1.6%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	2.1%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	4.4%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.2	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	0.1	0.3	0.6	0.2	0.0	0.0	0.2

Returns

	MCHP	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Microchi.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	23.5%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	1.7%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	-6.4%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	14.6%	-27.3%	14.2%	39.2%	33.7%	6.0%	14.4%
3Y Rtn	1.2%	-3.8%	67.7%	139.0%	79.5%	113.4%	73.6%
1M Excs Rtn	22.9%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	-2.6%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	-18.7%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-0.2%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-0.5%
3Y Excs Rtn	-83.2%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	Is Microchip Technology Stock Outperforming Its Rivals?
1	Microchip Technology vs. Texas Instruments: With Return Forecast Of 5.8%, Microchip Technology Is A Better Bet
2	Microchip Technology vs. Micron Technology: With Return Forecast Of 66%-69%, Both Seem Like Good Bets
3	Microchip Technology vs. Diodes: With Return Forecast Of 63%-66%, Both Seem Like Good Bets
4	Microchip Technology vs. Intuitive Surgical: With Return Forecast Of 73%, Intuitive Surgical Is A Better Bet
5	Microchip Technology vs. Sherwin-Williams: With Return Forecast Of 50%, Microchip Technology Is A Better Bet
6	Microchip Technology vs. Becton Dickinson and company: With Return Forecast Of 50%, Microchip Technology Is A Better Bet
7	Microchip Technology vs. Boston Scientific: Similar Income, But Microchip Technology Is A Better Bet
8	Microchip Technology vs. NextEra Energy: Similar Income, But Microchip Technology Is A Better Bet
9	Microchip Technology vs. Intuitive Surgical: Similar Revenue, But Intuitive Surgical Is A Better Bet

FDIC Bank Data

$ Mil \| FY: 3/31	LTM	2025	2024	2023	2022	2021	2020
Period End	9/30/2025	3/31/2025	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020
Filing Date	11/6/2025	5/23/2025	5/23/2024	5/25/2023	5/20/2022	5/18/2021	5/22/2020
Key Financials
Total Revenue	4,212	4,402	7,634	8,439	6,821	5,438	5,274
EBITDA	765	1,040	3,436	4,102	2,872	1,833	1,846
Operating Income	155	376	2,559	3,112	1,879	1,000	694
Net Income	-185	-0	1,907	2,238	1,286	349	571
EPS	-0.45	-0.01	3.52	4.07	2.33	0.67	1.19
Growth Rates
Total Revenue Growth	-23.4%	-42.3%	-9.5%	23.7%	25.4%	3.1%	-1.4%
EBITDA Growth	-61.1%	-69.7%	-16.2%	42.9%	56.7%	-0.7%	17.8%
Operating Income Growth	-86.3%	-85.3%	-17.8%	65.6%	87.9%	44.1%	-7.2%
Net Income Growth	-123.7%	-100.0%	-14.8%	74.1%	267.9%	-38.8%	60.3%
Margins
EBITDA Margin	18.2%	23.6%	45.0%	48.6%	42.1%	33.7%	35.0%
Operating Income Margin	3.7%	8.5%	33.5%	36.9%	27.5%	18.4%	13.2%
Net Income Margin	-4.4%	-0.0%	25.0%	26.5%	18.8%	6.4%	10.8%
Cash & Debt
Total Cash	237	772	320	234	319	282	403
Total Debt	5,413	5,666	6,032	6,471	7,721	8,944	9,527
Net Debt / (Cash)	5,176	4,894	5,713	6,237	7,402	8,662	9,124
Cash Flows
Net Cash from Operations	841	898	2,893	3,621	2,843	1,916	1,544
Free Cash from Operations	754	772	2,608	3,135	2,473	1,824	1,476
Returns to Shareholders
Dividends	981	976	912	695	504	388	350
Share Repurchases	6	96	982	946	426	-0	-0

$ Mil \| FY: 3/31	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/6/2025	8/7/2025	5/23/2025	2/6/2025	11/5/2024	8/1/2024	5/23/2024	2/1/2024	11/2/2023	8/3/2023	5/25/2023	2/2/2023
Key Financials Quarterly
Total Revenue	1,140	1,076	970	1,026	1,164	1,241	1,326	1,766	2,254	2,289	2,233	2,169
Ebitda	260	211	87	208	336	410	471	751	1,098	1,116	1,090	1,057
Operating Income	95	54	-29	34	148	222	237	530	887	905	850	818
Net Income	42	-19	-155	-54	78	129	155	419	667	666	604	580
EPS	0.03	-0.09	-0.29	-0.10	0.15	0.24	0.29	0.78	1.23	1.22	1.10	1.06
Key Financials TTM
Total Revenue TTM	4,212	4,236	4,402	4,757	5,497	6,587	7,634	8,541	8,945	8,764	8,439	8,050
Ebitda TTM	765	841	1,040	1,425	1,969	2,730	3,436	4,055	4,360	4,265	4,102	3,840
Operating Income TTM	155	208	376	641	1,137	1,876	2,559	3,172	3,460	3,332	3,112	2,820
Net Income TTM	-185	-148	-0	309	782	1,370	1,907	2,356	2,517	2,397	2,238	2,072
Growth Rates Quarterly
Total Revenue Growth	-2.0%	-13.4%	-26.8%	-41.9%	-48.4%	-45.8%	-40.6%	-18.6%	8.7%	16.6%	21.1%	23.4%
EBITDA Growth	-22.7%	-48.5%	-81.6%	-72.4%	-69.4%	-63.2%	-56.8%	-28.9%	9.6%	17.0%	31.7%	31.8%
Operating Income Growth	-35.7%	-75.5%	-112.1%	-93.5%	-83.3%	-75.5%	-72.2%	-35.2%	16.8%	32.2%	52.2%	58.9%
Net Income Growth	-46.8%	-114.4%	-199.9%	-112.8%	-88.2%	-80.6%	-74.4%	-27.8%	22.0%	31.4%	37.9%	64.5%
Margins Quarterly
EBITDA Margin	22.8%	19.6%	8.9%	20.2%	28.9%	33.1%	35.6%	42.5%	48.7%	48.8%	48.8%	48.7%
Operating Income Margin	8.3%	5.0%	-3.0%	3.4%	12.7%	17.9%	17.8%	30.0%	39.3%	39.5%	38.1%	37.7%
Net Income Margin	3.7%	-1.7%	-15.9%	-5.2%	6.7%	10.4%	11.7%	23.7%	29.6%	29.1%	27.1%	26.8%
Cash & Debt
Total Cash	237	566	772	586	286	315	320	281	257	271	234	289
Total Debt	5,413	5,494	5,666	6,784	6,458	6,203	6,032	5,728	6,108	6,063	6,471	6,622
Net Debt / (Cash)	5,176	4,928	4,894	6,198	6,172	5,888	5,713	5,447	5,852	5,791	6,237	6,334
Cash Flows Quarterly
FCF from Operations	88	276	206	272	44	377	430	853	616	993	710	1,278
Cash Flows TTM
FCF from Operations TTM	841	797	898	1,122	1,704	2,277	2,893	3,172	3,597	3,774	3,621	3,659
Returns to Shareholders Quarterly
Dividends	246	246	245	245	244	243	242	237	223	209	196	180
Share Repurchases	-0	-0	-0	6	17	73	387	115	340	140	274	230
Return on Invested Capital (ROIC) Quarterly
ROIC	7.4%	4.4%	-2.2%	2.2%	8.2%	12.0%	12.8%	33.7%	48.5%	49.1%	41.1%	39.3%
Return on Invested Capital (ROIC) TTM
ROIC TTM	2.8%	4.2%	7.7%	7.8%	15.4%	26.0%	36.1%	46.2%	45.9%	44.3%	38.4%	35.7%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Semiconductor products	7,531	8,278	6,699	5,336	5,177
Technology licensing	103	161	122	103	97
Total	7,634	8,439	6,821	5,438	5,274

Price Behavior

Price Behavior

Market Price	$64.94
Market Cap ($ Bil)	35.1
First Trading Date	03/19/1993
Distance from 52W High	-12.3%
	50 Days	200 Days
DMA Price	$60.53	$60.10
DMA Trend	up	down
Distance from DMA	7.3%	8.1%
	3M	1YR
Volatility	46.8%	59.0%
Downside Capture	252.23	167.94
Upside Capture	210.98	157.74
Correlation (SPY)	56.7%	72.0%

MCHP Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.46	2.05	1.86	1.60	2.12	1.94
Up Beta	0.87	1.97	2.18	1.72	2.51	2.14
Down Beta	0.25	2.27	2.77	2.83	2.50	2.06
Up Capture	42%	106%	54%	66%	143%	414%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	7	19	28	59	118	368
Down Capture	244%	240%	189%	134%	132%	111%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	22	34	66	130	378

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of MCHP With Other Asset Classes (Last 1Y)
	MCHP	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	20.7%	25.0%	17.8%	72.1%	8.6%	4.4%	-8.3%
Annualized Volatility	58.8%	27.5%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	0.53	0.79	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		69.5%	72.0%	4.9%	32.8%	48.4%	35.4%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of MCHP With Other Asset Classes (Last 5Y)
	MCHP	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	0.6%	18.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	43.6%	24.7%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	0.15	0.69	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		72.7%	71.1%	11.5%	18.5%	45.9%	28.8%

Based On 10-Year Data

		Comparison of MCHP With Other Asset Classes (Last 10Y)
	MCHP	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	13.0%	22.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	40.9%	24.2%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.44	0.85	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		73.6%	71.4%	6.5%	24.1%	47.8%	21.4%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	24,526,080
Short Interest: % Change Since 11302025	-7.4%
Average Daily Volume	10,552,351
Days-to-Cover Short Interest	2.32
Basic Shares Quantity	540,000,000
Short % of Basic Shares	4.5%

Returns Analyses

	Title
0	Is Microchip Technology Stock Built to Withstand a Pullback?
1	Microchip Technology Stock Return Comparison

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/6/2025	-5.2%	-7.6%	13.7%
8/7/2025	-6.6%	-0.3%	-0.7%
5/8/2025	12.6%	23.7%	39.6%
2/6/2025	-2.3%	2.2%	1.4%
11/5/2024	-1.8%	-10.4%	-21.9%
8/1/2024	-10.6%	-8.4%	-2.1%
5/6/2024	-1.8%	-1.3%	1.0%
2/1/2024	-1.6%	-1.5%	2.0%
...
SUMMARY STATS
# Positive	13	13	15
# Negative	11	11	9
Median Positive	4.9%	2.5%	7.2%
Median Negative	-2.3%	-3.8%	-5.4%
Max Positive	12.6%	24.3%	39.6%
Max Negative	-10.6%	-10.4%	-21.9%

	Forward Returns
11/6/2025	-5.2%	-7.6%	13.7%
8/7/2025	-6.6%	-0.3%	-0.7%
5/8/2025	12.6%	23.7%	39.6%
2/6/2025	-2.3%	2.2%	1.4%
11/5/2024	-1.8%	-10.4%	-21.9%
8/1/2024	-10.6%	-8.4%	-2.1%
5/6/2024	-1.8%	-1.3%	1.0%
2/1/2024	-1.6%	-1.5%	2.0%
11/2/2023	3.8%	0.1%	15.4%
8/3/2023	-6.8%	-6.9%	-7.6%
5/4/2023	-1.1%	-3.8%	-0.5%
2/2/2023	1.0%	0.4%	-2.6%
11/3/2022	7.4%	24.3%	29.4%
8/2/2022	5.7%	-1.8%	-5.4%
5/9/2022	6.1%	2.5%	7.6%
2/3/2022	-1.3%	1.0%	-11.9%
11/4/2021	3.4%	0.7%	1.5%
8/3/2021	0.5%	2.5%	6.3%
5/6/2021	2.2%	-3.0%	5.1%
2/4/2021	2.8%	8.4%	4.2%
11/5/2020	5.8%	4.3%	22.8%
8/4/2020	-8.2%	-6.2%	7.2%
5/7/2020	4.9%	0.4%	27.4%
2/4/2020	6.7%	7.0%	-12.5%
SUMMARY STATS
# Positive	13	13	15
# Negative	11	11	9
Median Positive	4.9%	2.5%	7.2%
Median Negative	-2.3%	-3.8%	-5.4%
Max Positive	12.6%	24.3%	39.6%
Max Negative	-10.6%	-10.4%	-21.9%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	8072025	10-Q 6/30/2025
3312025	5232025	10-K 3/31/2025
12312024	2062025	10-Q 12/31/2024
9302024	11052024	10-Q 9/30/2024
6302024	8012024	10-Q 6/30/2024
3312024	5232024	10-K 3/31/2024
12312023	2012024	10-Q 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8032023	10-Q 6/30/2023
3312023	5252023	10-K 3/31/2023
12312022	2022023	10-Q 12/31/2022
9302022	11032022	10-Q 9/30/2022
6302022	8022022	10-Q 6/30/2022
3312022	5202022	10-K 3/31/2022
12312021	2032022	10-Q 12/31/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Microchip Technology (MCHP)

Market Price (12/27/2025): $64.94 | Market Cap: $35.1 BilSector: Information Technology | Industry: Semiconductors

Microchip Technology (MCHP)

Market Price (12/27/2025): $64.94Market Cap: $35.1 BilSector: Information TechnologyIndustry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

MCHP Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

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Asset Allocation

About Microchip Technology (MCHP)

Interactive Breakdown

Better Bets than Microchip Technology (MCHP)

INDUSTRY: Semiconductors

Higher Rev Chg 3Y Avg | Lower P/S (Values for MCHP: -14.9% | 8.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MCHP: -14.9% | 226.0x)

Higher Rev Chg LTM (Value for MCHP: -23.4%)

Higher Rev Chg 3Y Avg (Value for MCHP: -14.9%)

Higher Op Mgn LTM (Value for MCHP: 3.7%)

Higher CFO/Rev LTM (Value for MCHP: 20.0%)

Higher FCF/Rev LTM (Value for MCHP: 17.9%)

Higher Total Yield (Value for MCHP: 1.6%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for MCHP: -14.9% | 8.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MCHP: -14.9% | 226.0x)

Higher Rev Chg LTM (Value for MCHP: -23.4%)

Higher Rev Chg 3Y Avg (Value for MCHP: -14.9%)

Higher Op Mgn LTM (Value for MCHP: 3.7%)

Higher CFO/Rev LTM (Value for MCHP: 20.0%)

Higher FCF/Rev LTM (Value for MCHP: 17.9%)

Higher Total Yield (Value for MCHP: 1.6%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for MCHP: -14.9% | 8.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MCHP: -14.9% | 226.0x)

Higher Rev Chg LTM (Value for MCHP: -23.4%)

Higher Rev Chg 3Y Avg (Value for MCHP: -14.9%)

Higher Op Mgn LTM (Value for MCHP: 3.7%)

Higher CFO/Rev LTM (Value for MCHP: 20.0%)

Higher FCF/Rev LTM (Value for MCHP: 17.9%)

Higher Total Yield (Value for MCHP: 1.6%)

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Market Price (12/27/2025): $64.94 | Market Cap: $35.1 Bil
Sector: Information Technology | Industry: Semiconductors

Market Price (12/27/2025): $64.94
Market Cap: $35.1 Bil
Sector: Information Technology
Industry: Semiconductors