MCHP - Microchip Technology Incorporated
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$77.44
DETAILS
HIGH:
$85.00
LOW:
$60.00
MEDIAN:
$80.00
CONSENSUS:
$77.44
UPSIDE:
3.67%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 4,401.6 | 7,634.4 | 8,438.7 | 6,820.9 | 5,438.4 | 5,274.2 | 5,349.5 | 3,980.8 | 3,407.8 | 2,173.3 |
| Cost of Revenue | 1,933.7 | 2,638.7 | 2,740.8 | 2,371.3 | 2,059.6 | 2,032.1 | 2,418.2 | 1,560.1 | 1,650.6 | 967.8 |
| Gross Profit | 2,467.9 | 4,995.7 | 5,697.9 | 4,449.6 | 3,378.8 | 3,242.1 | 2,931.3 | 2,420.7 | 1,757.2 | 1,205.5 |
| Operating Expenses | ||||||||||
| R&D Expenses | 983.8 | 1,097.4 | 1,118.3 | 989.1 | 836.4 | 877.8 | 826.3 | 529.3 | 545.3 | 372.6 |
| SG&A Expenses | 617.7 | 734.2 | 797.7 | 718.9 | 610.3 | 676.6 | 682.9 | 452.1 | 499.8 | 301.7 |
| Other Expenses | 570.1 | 593.1 | 665.9 | 892.0 | 934.0 | 1,040.6 | 707.8 | 503.0 | 436.3 | 178.9 |
| Operating Expenses | 2,171.6 | 2,424.7 | 2,581.9 | 2,600.0 | 2,380.7 | 2,595.0 | 2,217.0 | 1,484.4 | 1,481.4 | 853.2 |
| Operating Income | ||||||||||
| Operating Income | 296.3 | 2,571.0 | 3,116.0 | 1,849.6 | 998.1 | 647.1 | 714.3 | 936.3 | 275.8 | 352.3 |
| Interest Expense | 251.4 | 198.3 | 203.9 | 257.0 | 356.9 | 497.3 | 502.9 | 199.0 | 146.3 | 104.0 |
| Interest Income | 9.2 | 7.6 | 2.1 | 0.5 | 1.7 | 2.8 | 8.1 | 22.0 | 3.1 | 24.4 |
| Profitability | ||||||||||
| EBITDA | 1,040.4 | 3,436.4 | 4,102.5 | 2,871.5 | 1,832.6 | 1,846.2 | 1,567.3 | 1,552.2 | 705.3 | 668.5 |
| EBIT | 290.3 | 2,556.9 | 3,104.1 | 1,728.0 | 679.3 | 630.6 | 690.9 | 936.3 | 236.1 | 385.3 |
| Income Before Tax | 38.9 | 2,365.9 | 2,909.7 | 1,482.5 | 339.5 | 150.4 | 204.5 | 737.3 | 89.8 | 281.3 |
| Income Tax Expense | 39.4 | 459.0 | 672.0 | 197.0 | (9.9) | (420.2) | (151.4) | 481.9 | (80.8) | (42.6) |
| Net Income | (0.5) | 1,906.9 | 2,237.7 | 1,285.5 | 349.4 | 570.6 | 355.9 | 255.4 | 164.6 | 324.1 |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.01 | 3.52 | 4.07 | 2.33 | 0.67 | 1.19 | 0.76 | 0.55 | 0.38 | 0.80 |
| EPS (Diluted) | -0.01 | 3.48 | 4.02 | 2.27 | 0.65 | 1.11 | 0.71 | 0.51 | 0.36 | 0.75 |
| Shares Outstanding | 537.3 | 542.0 | 550.4 | 552.3 | 519.2 | 477.8 | 472.4 | 465.8 | 434.4 | 406.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 771.7 | 319.7 | 234.0 | 317.4 | 280.0 | 401.0 | 428.6 | 901.3 | 908.7 | 2,092.8 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 2.0 | 2.0 | 2.0 | 2.3 | 1,295.3 | 394.1 | 353.3 |
| Net Receivables | 689.7 | 1,143.7 | 1,305.3 | 1,072.6 | 997.7 | 934.0 | 880.6 | 563.7 | 478.4 | 290.2 |
| Inventory | 1,293.5 | 1,316.0 | 1,324.9 | 854.4 | 665.0 | 685.7 | 711.7 | 476.2 | 417.2 | 306.8 |
| Other Current Assets | 236.4 | 233.6 | 205.1 | 206.2 | 200.5 | 194.5 | 191.6 | 119.8 | 65.3 | 11.7 |
| Total Current Assets | 2,991.3 | 3,013.0 | 3,069.3 | 2,452.6 | 2,145.2 | 2,217.2 | 2,214.8 | 3,356.3 | 2,305.0 | 3,096.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 1,183.7 | 1,194.6 | 1,177.9 | 967.9 | 854.7 | 876.1 | 996.7 | 767.9 | 683.3 | 609.4 |
| Goodwill | 6,684.8 | 6,675.4 | 6,673.6 | 6,673.6 | 6,670.6 | 6,664.8 | 6,663.9 | 2,299.0 | 2,299.0 | 1,012.7 |
| Intangible Assets | 2,389.0 | 2,781.8 | 3,369.0 | 4,043.1 | 4,794.8 | 5,702.3 | 6,685.6 | 1,662.0 | 2,148.1 | 606.3 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 107.5 | 118.5 |
| Other Non-Current Assets | 397.7 | 611.9 | 457.2 | 265.2 | 264.3 | 217.2 | 111.8 | 71.8 | 66.8 | 0.0 |
| Total Non-Current Assets | 12,383.3 | 12,860.2 | 13,301.0 | 13,746.9 | 14,333.6 | 15,208.9 | 16,135.2 | 4,900.9 | 5,373.5 | 2,441.2 |
| Total Assets | 15,374.6 | 15,873.2 | 16,370.3 | 16,199.5 | 16,478.8 | 17,426.1 | 18,350.0 | 8,257.2 | 7,678.6 | 5,537.9 |
| Current Liabilities | ||||||||||
| Account Payables | 160.6 | 213.0 | 396.9 | 344.7 | 292.4 | 246.8 | 226.4 | 144.1 | 149.2 | 79.3 |
| Short-Term Debt | 0.0 | 999.4 | 1,398.2 | 0.0 | 1,322.9 | 608.8 | 1,360.8 | 1,309.9 | 50.0 | 0.0 |
| Deferred Revenue | 213.4 | 261.8 | 121.4 | 73.2 | 0.0 | 0.0 | 0.0 | 333.8 | 292.8 | 183.4 |
| Other Current Liabilities | 437.8 | 698.4 | 729.6 | 548.6 | 517.4 | 490.5 | 500.1 | 87.6 | 0.0 | 0.0 |
| Total Current Liabilities | 1,155.1 | 2,519.4 | 3,118.6 | 1,399.0 | 2,409.6 | 1,637.4 | 2,374.5 | 2,017.4 | 704.5 | 382.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 5,630.4 | 5,000.4 | 5,041.7 | 7,687.4 | 7,581.2 | 8,873.4 | 8,946.2 | 1,758.4 | 2,900.5 | 2,453.4 |
| Deferred Tax Liabilities | 33.8 | 28.8 | 42.7 | 39.8 | 43.9 | 318.5 | 706.1 | 205.8 | 409.0 | 399.2 |
| Other Non-Current Liabilities | 1,477.0 | 1,666.8 | 1,525.1 | 1,049.9 | 981.6 | 916.6 | 1,035.7 | 995.8 | 402.1 | 152.3 |
| Total Non-Current Liabilities | 7,141.2 | 6,696.0 | 6,738.1 | 8,905.7 | 8,732.1 | 10,203.2 | 10,688.0 | 2,960.0 | 3,703.4 | 3,005.0 |
| Total Liabilities | 8,296.3 | 9,215.4 | 9,856.7 | 10,304.7 | 11,141.7 | 11,840.6 | 13,062.5 | 4,977.4 | 4,407.9 | 3,387.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.6 | 0.5 | 0.5 | 0.6 | 0.5 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Retained Earnings | 5,781.1 | 6,759.5 | 5,764.1 | 4,175.2 | 3,393.5 | 3,432.4 | 3,210.6 | 1,397.3 | 1,479.4 | 1,582.6 |
| Accumulated Other Comprehensive Income | (1.7) | (3.5) | (4.1) | (20.6) | (26.2) | (21.6) | (20.7) | (17.6) | (14.4) | (3.4) |
| Total Stockholders' Equity | 7,078.3 | 6,657.8 | 6,513.6 | 5,894.8 | 5,337.1 | 5,585.5 | 5,287.5 | 3,279.8 | 3,270.7 | 2,150.9 |
| Total Liabilities & Equity | 15,374.6 | 15,873.2 | 16,370.3 | 16,199.5 | 16,478.8 | 17,426.1 | 18,350.0 | 8,257.2 | 7,678.6 | 5,537.9 |
| Debt Metrics | ||||||||||
| Total Debt | 5,666.1 | 6,032.4 | 6,600.0 | 7,849.8 | 9,069.3 | 9,621.4 | 10,307.0 | 3,068.3 | 2,950.5 | 2,453.4 |
| Net Debt | 4,894.4 | 5,712.7 | 6,366.0 | 7,532.4 | 8,789.3 | 9,220.4 | 9,878.4 | 2,167.0 | 2,041.8 | 360.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (0.5) | 1,906.9 | 2,237.7 | 1,285.5 | 349.4 | 570.6 | 355.9 | 255.4 | 164.6 | 323.9 |
| Depreciation & Amortization | 750.1 | 879.5 | 998.4 | 1,143.5 | 1,153.3 | 1,215.6 | 876.4 | 615.9 | 469.2 | 283.2 |
| Stock-Based Compensation | 180.4 | 177.5 | 170.4 | 210.2 | 198.3 | 170.2 | 166.4 | 93.2 | 128.2 | 71.4 |
| Change in Working Capital | 100.1 | (76.7) | (16.0) | 34.2 | (27.0) | (66.7) | 184.7 | 264.5 | 294.8 | 78.9 |
| Other Non-Cash Items | 11.3 | 32.7 | 25.0 | 161.4 | 381.4 | 144.4 | 153.6 | 139.4 | 129.5 | 47.5 |
| Operating Cash Flow | 898.1 | 2,892.7 | 3,621.0 | 2,842.7 | 1,916.5 | 1,543.8 | 1,674.8 | 1,419.6 | 1,059.5 | 744.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (126.0) | (285.1) | (486.2) | (370.1) | (92.6) | (67.6) | (228.9) | (206.8) | (75.3) | (97.9) |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (7,850.6) | 0.0 | (2,745.8) | (359.2) |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (2.0) | (167.7) | (1,594.8) | (500.3) | (1,573.9) |
| Sales/Maturities of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4.7 | 1,454.6 | 786.7 | 470.6 | 2,824.2 |
| Other Investing Activities | (161.8) | (107.0) | (113.3) | (107.6) | (80.7) | (68.3) | (18.4) | 3.2 | 12.8 | 7.2 |
| Investing Cash Flow | (287.8) | (392.1) | (599.5) | (477.7) | (173.3) | (133.2) | (6,811.0) | (1,011.7) | (2,838.0) | 800.4 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (377.7) | (542.3) | (1,470.3) | (1,384.5) | (1,435.8) | (1,078.8) | 5,037.1 | (75.4) | 927.1 | 587.2 |
| Stock Repurchased | (96.5) | (982.1) | (945.8) | (425.6) | (35.8) | 0.0 | 0.0 | 0.0 | 0.0 | (363.8) |
| Dividends Paid | (975.7) | (911.5) | (695.3) | (503.8) | (388.3) | (350.1) | (344.4) | (337.5) | (315.4) | (291.1) |
| Other Financing Activities | (223.3) | (61.1) | (75.8) | (84.2) | (64.6) | (68.1) | (71.8) | (44.4) | (58.4) | (21.0) |
| Financing Cash Flow | (158.3) | (2,414.9) | (3,104.9) | (2,327.6) | (1,864.2) | (1,438.2) | 4,663.5 | (415.3) | 595.5 | (59.9) |
| Cash Position | ||||||||||
| Net Change in Cash | 452.0 | 85.7 | (83.4) | 37.4 | (121.0) | (27.6) | (472.7) | (7.4) | (1,184.0) | 1,484.9 |
| Cash at Beginning | 319.7 | 234.0 | 317.4 | 280.0 | 401.0 | 428.6 | 901.3 | 908.7 | 2,092.8 | 607.8 |
| Cash at End | 771.7 | 319.7 | 234.0 | 317.4 | 280.0 | 401.0 | 428.6 | 901.3 | 908.7 | 2,092.8 |
| Free Cash Flow | 772.1 | 2,607.6 | 3,134.8 | 2,472.6 | 1,823.9 | 1,476.2 | 1,445.9 | 1,212.8 | 984.1 | 646.6 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 4,401.6 | 7,634.4 | 8,438.7 | 6,820.9 | 5,438.4 | 5,274.2 | 5,349.5 | 3,980.8 | 3,407.8 | 2,173.3 |
| Gross Profit | 2,467.9 | 4,995.7 | 5,697.9 | 4,449.6 | 3,378.8 | 3,242.1 | 2,931.3 | 2,420.7 | 1,757.2 | 1,205.5 |
| Operating Income | 296.3 | 2,571.0 | 3,116.0 | 1,849.6 | 998.1 | 647.1 | 714.3 | 936.3 | 275.8 | 352.3 |
| Net Income | (0.5) | 1,906.9 | 2,237.7 | 1,285.5 | 349.4 | 570.6 | 355.9 | 255.4 | 164.6 | 324.1 |
| EPS (Diluted) | -0.01 | 3.48 | 4.02 | 2.27 | 0.65 | 1.11 | 0.71 | 0.51 | 0.36 | 0.75 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 771.7 | 319.7 | 234.0 | 317.4 | 280.0 | 401.0 | 428.6 | 901.3 | 908.7 | 2,092.8 |
| Total Assets | 15,374.6 | 15,873.2 | 16,370.3 | 16,199.5 | 16,478.8 | 17,426.1 | 18,350.0 | 8,257.2 | 7,678.6 | 5,537.9 |
| Total Debt | 5,666.1 | 6,032.4 | 6,600.0 | 7,849.8 | 9,069.3 | 9,621.4 | 10,307.0 | 3,068.3 | 2,950.5 | 2,453.4 |
| Stockholders' Equity | 7,078.3 | 6,657.8 | 6,513.6 | 5,894.8 | 5,337.1 | 5,585.5 | 5,287.5 | 3,279.8 | 3,270.7 | 2,150.9 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 898.1 | 2,892.7 | 3,621.0 | 2,842.7 | 1,916.5 | 1,543.8 | 1,674.8 | 1,419.6 | 1,059.5 | 744.5 |
| Capital Expenditure | (126.0) | (285.1) | (486.2) | (370.1) | (92.6) | (67.6) | (228.9) | (206.8) | (75.3) | (97.9) |
| Free Cash Flow | 772.1 | 2,607.6 | 3,134.8 | 2,472.6 | 1,823.9 | 1,476.2 | 1,445.9 | 1,212.8 | 984.1 | 646.6 |