MCHP Stock - Microchip Technology Incorporated
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $4.40B | $7.63B | $8.44B | $6.82B | $5.44B |
| Gross Profit | $2.47B | $5.00B | $5.70B | $4.45B | $3.38B |
| Gross Margin | 56.1% | 65.4% | 67.5% | 65.2% | 62.1% |
| Operating Income | $296.30M | $2.57B | $3.12B | $1.85B | $998.10M |
| Net Income | $-500,000 | $1.91B | $2.24B | $1.29B | $349.40M |
| Net Margin | -0.0% | 25.0% | 26.5% | 18.8% | 6.4% |
| EPS | $-0.01 | $3.52 | $4.07 | $2.33 | $0.67 |
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions 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 and microprocessor 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 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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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 16th 2025 | Cantor Fitzgerald | Upgrade | Overweight | $85 |
| December 4th 2025 | Needham | Reiterated | Buy | $75← $73 |
| November 7th 2025 | TD Cowen | Reiterated | Hold | $60← $65 |
| September 15th 2025 | Wells Fargo | Initiation | Equal Weight | $60 |
| August 8th 2025 | TD Cowen | Reiterated | Hold | $60← $75 |
| July 10th 2025 | Goldman | Initiation | Buy | $88 |
| June 18th 2025 | Cantor Fitzgerald | Initiation | Neutral | $70 |
| May 9th 2025 | Raymond James | Reiterated | Strong Buy | $65← $60 |
| May 9th 2025 | Citigroup | Reiterated | Buy | $55← $50 |
| May 9th 2025 | UBS | Reiterated | Buy | $60← $55 |
| May 9th 2025 | B. Riley Securities | Reiterated | Buy | $75← $60 |
| May 9th 2025 | TD Cowen | Reiterated | Hold | $55← $35 |
| May 9th 2025 | Truist | Reiterated | Hold | $52← $43 |
| May 9th 2025 | Stifel | Reiterated | Buy | $70← $60 |
| May 9th 2025 | BofA Securities | Upgrade | Neutral | $56 |
Earnings History & Surprises
MCHPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $0.40 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.33 | $0.35 | +5.9% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.24 | $0.27 | +13.0% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.10 | $0.11 | +5.1% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $0.28 | $0.20 | -27.9% | ✗ MISS |
Q4 2024 | Nov 5, 2024 | $0.43 | $0.46 | +5.9% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.52 | $0.53 | +1.7% | ✓ BEAT |
Q2 2024 | May 6, 2024 | $0.57 | $0.57 | -0.3% | ✗ MISS |
Q1 2024 | Feb 1, 2024 | $1.04 | $1.08 | +3.8% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $1.62 | $1.62 | 0.0% | = MET |
Q3 2023 | Aug 3, 2023 | $1.64 | $1.64 | 0.0% | = MET |
Q2 2023 | May 4, 2023 | $1.62 | $1.64 | +1.2% | ✓ BEAT |
Q1 2023 | Feb 2, 2023 | $1.55 | $1.56 | +0.6% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $1.44 | $1.46 | +1.4% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $1.34 | $1.37 | +2.2% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $1.25 | $1.35 | +8.0% | ✓ BEAT |
Q1 2022 | Feb 3, 2022 | $1.17 | $1.20 | +2.6% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $1.06 | $1.07 | +0.9% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.95 | $0.99 | +4.2% | ✓ BEAT |
Latest News
B. Riley Securities Maintains Buy on Microchip Technology, Raises Price Target to $95
📈 PositiveMizuho Maintains Outperform on Microchip Technology, Raises Price Target to $83
📈 PositiveJP Morgan Maintains Overweight on Microchip Technology, Raises Price Target to $85
📈 PositiveMorgan Stanley Maintains Equal-Weight on Microchip Technology, Raises Price Target to $69
➖ NeutralRosenblatt Maintains Buy on Microchip Technology, Maintains $80 Price Target
📈 PositiveStifel Maintains Buy on Microchip Technology, Raises Price Target to $80
📈 PositiveMicrochip Technology shares are trading higher after the company said it expects third-quarter fiscal 2026 net sales of about $1.185 billion, above its prior guidance range of $1.109 billion to $1.149 billion.
📈 PositiveNeedham Maintains Buy on Microchip Technology, Raises Price Target to $77
📈 PositiveMicrochip Technology shares are trading higher after the company said it expects third-quarter fiscal 2026 net sales of about $1.185 billion, above its prior guidance range of $1.109 billion to $1.149 billion.
📈 PositiveMicrochip Technology Now Expects Q3 Net Sales To Be About $1.185B, Well Above Its Original Guidance Of $1.109B-$1.149B
📈 PositiveShares of broader semiconductor stocks are trading higher amid possible chip shortage concerns.
📈 PositiveCantor Fitzgerald Upgrades Microchip Technology to Overweight, Raises Price Target to $85
📈 PositiveB of A Securities Maintains Neutral on Microchip Technology, Raises Price Target to $72
➖ NeutralNeedham Maintains Buy on Microchip Technology, Raises Price Target to $75
📈 PositiveMicrochip Technology shares are trading higher after the company announced it raised its FY26 guidance.
📈 PositiveMicrochip Technology Raises Q3 Adj EPS Guidance from $0.34-$0.40 to $0.40 vs $0.40 Est; Raises Q3 Sales Guidance from $1.109B-$1.149B to $1.149B vs $1.179B Est
📈 PositiveMicrochip Technology Raises Q3 GAAP EPS Guidance from $(0.02)-$0.02 to $0.02 vs $0.07 Est
📈 PositiveMicrochip Technology shares are trading higher after the company announced it raised its FY26 guidance.
📈 PositiveMicrochip Technology Raises Q3 FY2026 Outlook, Now Expecting Net Sales At High End Of $1.109B-$1.149B Range, GAAP EPS ~$0.02 And Non-GAAP EPS ~$0.40
📈 PositiveShares of broader chip stocks are trading higher as tech stocks rebound following recent volatility.
📈 PositiveFrequently Asked Questions about MCHP
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