Latest revenue
$1.19B
as of 2025-12-31
Latest net income
$62.7M
as of 2025-12-31
Net margin
5.3%
as of 2025-12-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $50.65B
- Enterprise value
- $55.76B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- 7.72×
- Dividend yield
- 1.9%
- 52-wk high
- $105.91
- 52-wk low
- $48.52
- Beta
- —
- Shares out
- 542.1M
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
Microchip Technology designs and sells microcontrollers, analog chips, FPGAs, and related semiconductors used in automotive, industrial, computing, and communications products. The company earns revenue almost entirely from selling these chips to electronics manufacturers, generating $1.77 billion in the December 2023 quarter. Sales fell 19% year-over-year as the broader semiconductor industry works through a sharp inventory correction, pressuring margins despite continued aggressive buybacks and dividend hikes.
Generated from MCHP's filing dated 2024-02-01
Key risks
- Revenue declining sharply: Q3 net sales fell 18.6% YoY to $1.77B, signaling a cyclical downturn in analog/MCU demand.
- Heavy leverage with near-term maturities: $1.66B current debt plus $4.03B long-term debt versus only $281M cash; refinancing risk if rates stay elevated.
- Capital returns outpacing FCF: $594.7M buybacks plus $669M dividends YTD while operating cash flow fell to $2.46B from $2.91B.
Generated from MCHP's filing dated 2024-02-01
Profitability
Gross margin
56.1%
14.3%Operating margin
6.7%
80.0%Net margin
-0.0%
100.0%Return on equity
-0.0%
100.0%Return on assets
-0.0%
100.0%Leverage
Debt / equity
1.17×
15.3%Long-term debt / equity
0.80×
5.9%Debt / assets
54.0%
7.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q4 2025 2025-12-31 | $1.19B | +15.6% | $62.7M | +217.0% | 5.3% |
Q3 2025 2025-09-30 | $1.14B | -2.0% | $23.1M | -70.5% | 2.0% |
Q2 2025 2025-06-30 | $1.08B | -13.4% | $-18.6M | -114.4% | -1.7% |
Q1 2025 2025-03-31 | $970.5M | -26.8% | $-154.6M | -199.9% | -15.9% |
Q4 2024 2024-12-31 | $1.03B | -41.9% | $-53.6M | -112.8% | -5.2% |
Q3 2024 2024-09-30 | $1.16B | -48.4% | $78.4M | -88.2% | 6.7% |
Q2 2024 2024-06-30 | $1.24B | -45.8% | $129.3M | -80.6% | 10.4% |
Q1 2024 2024-03-31 | $1.33B | — | $154.7M | — | 11.7% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Semiconductors & Related Devices · SIC 3674
Your notes
Keep private notes on MCHP — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$70.3M
Net activity
−$70.3M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2026-05-15 | Matthew W Chapman Director | Sale | 10,000 | $95.48 | $954.8K | |
| 2026-05-15 | Richard J Simoncic CHIEF OPERATING OFFICER | Sale | 83 | $93.85 | $7.8K |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns MCHP
Institutional value
$12.46B
Total shares held
196.1M
Distinct holders
757
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 35.1M | $2.27B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 32.4M | $2.09B | — | New |
| 3 | Boston Partners | 14.7M | $953.4M | — | New |
| 4 | Invesco Ltd. | 14.4M | $930.7M | — | New |
| 5 | Nuveen, LLC | 4.8M | $313.2M | — | New |
| 6 | Pictet Asset Management Holding SA | 4.7M | $305.4M | — | New |
| 7 | UBS Group AG | 4.2M | $273.1M | — | New |
| 8 | Bank of New York Mellon Corp | 4.2M | $272.9M | — | New |
| 9 | BNP PARIBAS FINANCIAL MARKETS | 4.0M | $259.5M | — | New |
| 10 | CITIGROUP INC | 3.9M | $251.2M | — | New |
| 11 | CIBC Bancorp USA Inc. | 3.6M | $234.0M | — | New |
| 12 | Legal & General Group Plc | 3.3M | $212.1M | — | New |
| 13 | Voya Investment Management LLC | 3.1M | $198.7M | — | New |
| 14 | VANGUARD FIDUCIARY TRUST CO | 3.0M | $196.6M | — | New |
| 15 | Allianz Asset Management GmbH | 2.5M | $160.8M | — | New |
| 16 | DIMENSIONAL FUND ADVISORS LP | 2.1M | $137.3M | — | New |
| 17 | DEUTSCHE BANK AG\ | 2.1M | $136.0M | — | New |
| 18 | Swiss National Bank | 1.6M | $102.5M | — | New |
| 19 | Mitsubishi UFJ Asset Management Co., Ltd. | 1.5M | $94.1M | — | New |
| 20 | WELLS FARGO & COMPANY/MN | 1.3M | $86.2M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Revenue fell 19% YoY to $1.77B in Q3 with net margin collapsing to 2.5%—when does the inventory correction actually trough?
- 2
With $5.7B total debt and $1.66B current maturities against just $281M cash, how do you refinance without diluting the dividend?
- 3
Channel inventory at distributors—what's the current weeks-on-hand, and how much under-shipping versus end demand remains in your guidance?
Refreshed when MCHP files a new report · last from 2024-02-01