MCHP - Microchip Technology Incorporated
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$77.44
DETAILS
HIGH:
$85.00
LOW:
$60.00
MEDIAN:
$80.00
CONSENSUS:
$77.44
UPSIDE:
3.67%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 1,140.4 | 1,075.5 | 970.5 | 1,026.0 | 1,163.8 | 1,241.3 | 1,325.8 | 1,765.7 | 2,254.3 | 2,288.6 |
| Cost of Revenue | 670.2 | 498.8 | 469.4 | 464.6 | 495.3 | 504.4 | 535.9 | 645.7 | 726.9 | 730.2 |
| Gross Profit | 470.2 | 576.7 | 501.1 | 561.4 | 668.5 | 736.9 | 789.9 | 1,120.0 | 1,527.4 | 1,558.4 |
| Operating Expenses | ||||||||||
| R&D Expenses | 223.3 | 255.5 | 255.2 | 246.2 | 240.7 | 241.7 | 240.3 | 266.0 | 292.6 | 298.5 |
| SG&A Expenses | 151.7 | 159.3 | 152.0 | 158.2 | 157.0 | 150.5 | 161.8 | 172.2 | 196.6 | 203.6 |
| Other Expenses | 0.0 | 129.8 | 194.2 | 126.1 | 124.2 | 125.6 | 134.3 | 152.4 | 153.2 | 153.2 |
| Operating Expenses | 375.0 | 544.6 | 601.4 | 530.5 | 521.9 | 517.8 | 536.4 | 590.6 | 642.4 | 655.3 |
| Operating Income | ||||||||||
| Operating Income | 95.2 | 32.1 | (100.3) | 30.9 | 146.6 | 219.1 | 253.5 | 529.4 | 885.0 | 903.1 |
| Interest Expense | 56.3 | 57.4 | 67.9 | 66.9 | 56.8 | 59.8 | 55.1 | 49.2 | 46.8 | 47.2 |
| Interest Income | 3.6 | 4.9 | 2.7 | 1.7 | 2.0 | 2.8 | 2.5 | 2.0 | 1.6 | 1.5 |
| Profitability | ||||||||||
| EBITDA | 260.8 | 211.3 | 86.6 | 207.6 | 335.9 | 410.3 | 471.4 | 751.2 | 1,097.6 | 1,116.2 |
| EBIT | 88.1 | 40.2 | (100.4) | 20.8 | 148.3 | 221.6 | 253.2 | 531.8 | 878.6 | 893.3 |
| Income Before Tax | 31.8 | (15.8) | (168.3) | (46.1) | 91.5 | 161.8 | 199.7 | 484.3 | 833.6 | 848.3 |
| Income Tax Expense | (9.9) | 2.8 | (13.7) | 7.5 | 13.1 | 32.5 | 45.0 | 65.1 | 167.0 | 181.9 |
| Net Income | 41.7 | (18.6) | (154.6) | (53.6) | 78.4 | 129.3 | 154.7 | 419.2 | 666.6 | 666.4 |
| Per Share Data | ||||||||||
| EPS (Basic) | 0.08 | -0.09 | -0.29 | -0.10 | 0.15 | 0.24 | 0.29 | 0.78 | 1.23 | 1.22 |
| EPS (Diluted) | 0.08 | -0.09 | -0.29 | -0.10 | 0.14 | 0.24 | 0.28 | 0.77 | 1.21 | 1.21 |
| Shares Outstanding | 539.2 | 539.2 | 537.4 | 537.4 | 536.7 | 536.7 | 538.9 | 540.8 | 543.1 | 545.1 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 236.8 | 566.5 | 771.7 | 586.0 | 286.1 | 315.1 | 319.7 | 281.0 | 256.6 | 271.2 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 746.2 | 765.5 | 689.7 | 857.2 | 1,044.3 | 1,095.8 | 1,143.7 | 1,398.1 | 1,706.2 | 1,465.0 |
| Inventory | 1,095.3 | 1,169.1 | 1,293.5 | 1,356.3 | 1,339.6 | 1,308.0 | 1,316.0 | 1,311.1 | 1,330.9 | 1,336.4 |
| Other Current Assets | 272.0 | 252.7 | 236.4 | 196.3 | 235.5 | 229.4 | 233.6 | 229.4 | 232.7 | 197.0 |
| Total Current Assets | 2,350.3 | 2,753.8 | 2,991.3 | 2,995.8 | 2,905.5 | 2,948.3 | 3,013.0 | 3,219.6 | 3,526.4 | 3,269.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 1,153.5 | 1,153.9 | 1,183.7 | 1,152.1 | 1,171.2 | 1,196.2 | 1,194.6 | 1,208.3 | 1,206.9 | 1,185.7 |
| Goodwill | 6,695.5 | 6,695.4 | 6,684.8 | 6,684.8 | 6,681.9 | 6,681.9 | 6,675.4 | 6,675.4 | 6,675.4 | 6,675.4 |
| Intangible Assets | 2,169.5 | 2,292.2 | 2,389.0 | 2,518.2 | 2,654.5 | 2,775.5 | 2,781.8 | 2,936.5 | 3,088.8 | 3,252.8 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 361.9 | 349.6 | 397.7 | 577.4 | 571.7 | 637.3 | 611.9 | 565.0 | 527.9 | 507.4 |
| Total Non-Current Assets | 12,119.4 | 12,225.7 | 12,383.3 | 12,636.4 | 12,716.8 | 12,891.4 | 12,860.2 | 12,923.4 | 13,075.0 | 13,225.0 |
| Total Assets | 14,469.7 | 14,979.5 | 15,374.6 | 15,632.2 | 15,622.3 | 15,839.7 | 15,873.2 | 16,143.0 | 16,601.4 | 16,494.6 |
| Current Liabilities | ||||||||||
| Account Payables | 170.0 | 161.9 | 160.6 | 195.9 | 204.2 | 196.4 | 213.0 | 242.2 | 283.5 | 281.3 |
| Short-Term Debt | 36.8 | 0.0 | 0.0 | 0.0 | 1,946.3 | 0.0 | 999.4 | 1,662.1 | 1,661.1 | 1,398.7 |
| Deferred Revenue | 160.0 | 160.1 | 213.4 | 238.0 | 240.8 | 262.6 | 261.8 | 203.2 | 175.7 | 151.9 |
| Other Current Liabilities | 560.0 | 494.6 | 437.8 | 484.9 | 532.4 | 648.7 | 698.4 | 838.4 | 909.3 | 849.6 |
| Total Current Liabilities | 1,043.8 | 1,190.4 | 1,155.1 | 1,330.3 | 3,285.7 | 1,520.3 | 2,519.4 | 3,293.2 | 3,412.6 | 3,219.6 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 5,375.9 | 5,458.1 | 5,630.4 | 6,749.5 | 4,476.6 | 6,167.9 | 5,000.4 | 4,033.3 | 4,414.7 | 4,632.2 |
| Deferred Tax Liabilities | 35.2 | 36.3 | 33.8 | 22.9 | 29.8 | 32.2 | 28.8 | 33.0 | 34.1 | 42.3 |
| Other Non-Current Liabilities | 1,319.3 | 1,437.6 | 1,477.0 | 1,498.0 | 1,554.3 | 1,713.3 | 1,666.8 | 1,703.3 | 1,771.5 | 1,769.2 |
| Total Non-Current Liabilities | 6,730.4 | 6,932.0 | 7,141.2 | 8,270.4 | 6,060.7 | 7,913.4 | 6,696.0 | 5,769.6 | 6,220.3 | 6,443.7 |
| Total Liabilities | 7,774.2 | 8,122.4 | 8,296.3 | 9,600.7 | 9,346.4 | 9,433.7 | 9,215.4 | 9,062.8 | 9,632.9 | 9,663.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Retained Earnings | 5,257.3 | 5,489.2 | 5,781.1 | 6,182.7 | 6,480.9 | 6,646.2 | 6,759.5 | 6,847.3 | 6,665.5 | 6,221.6 |
| Accumulated Other Comprehensive Income | (6.2) | (6.4) | (1.7) | (3.3) | (7.8) | (3.7) | (3.5) | (4.8) | (2.8) | (4.4) |
| Total Stockholders' Equity | 6,695.5 | 6,857.1 | 7,078.3 | 6,031.5 | 6,275.9 | 6,406.0 | 6,657.8 | 7,080.2 | 6,968.5 | 6,831.3 |
| Total Liabilities & Equity | 14,469.7 | 14,979.5 | 15,374.6 | 15,632.2 | 15,622.3 | 15,839.7 | 15,873.2 | 16,143.0 | 16,601.4 | 16,494.6 |
| Debt Metrics | ||||||||||
| Total Debt | 5,412.7 | 5,494.5 | 5,666.1 | 6,784.0 | 6,457.6 | 6,202.9 | 6,032.4 | 5,727.6 | 6,108.1 | 6,062.6 |
| Net Debt | 5,175.9 | 4,928.0 | 4,894.4 | 6,198.0 | 6,171.5 | 5,887.8 | 5,712.7 | 5,446.6 | 5,851.5 | 5,791.4 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 41.7 | (18.6) | (154.6) | (53.6) | 78.4 | 129.3 | 154.7 | 419.2 | 666.6 | 666.4 |
| Depreciation & Amortization | 172.7 | 171.1 | 187.0 | 186.8 | 187.6 | 188.7 | 218.2 | 219.4 | 219.0 | 222.9 |
| Stock-Based Compensation | 61.6 | 52.9 | 40.7 | 49.4 | 46.3 | 44.0 | 42.8 | 44.8 | 45.4 | 44.5 |
| Change in Working Capital | (204.9) | 68.8 | 151.5 | 160.6 | (235.0) | 23.0 | 79.2 | 148.5 | (326.5) | 22.1 |
| Other Non-Cash Items | 11.7 | 4.4 | (1.2) | 4.4 | 7.9 | 0.2 | 6.4 | 4.3 | 8.6 | 13.4 |
| Operating Cash Flow | 88.1 | 275.6 | 205.9 | 271.5 | 43.6 | 377.1 | 430.0 | 853.3 | 616.2 | 993.2 |
| Investing Activities | ||||||||||
| Capital Expenditure | (36.5) | (17.9) | (14.2) | (18.1) | (20.8) | (72.9) | (40.1) | (59.5) | (74.4) | (111.1) |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales/Maturities of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Investing Activities | (25.5) | (19.0) | (41.8) | (24.0) | (43.4) | (52.6) | (31.1) | (26.7) | (19.4) | (29.8) |
| Investing Cash Flow | (62.0) | (36.9) | (56.0) | (42.1) | (64.2) | (125.5) | (71.2) | (86.2) | (93.8) | (140.9) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (88.0) | (174.5) | (1,118.4) | 324.4 | 246.4 | 169.9 | 299.6 | (391.3) | 14.9 | (465.5) |
| Stock Repurchased | 0.0 | 0.0 | 0.0 | (6.5) | (17.3) | (72.7) | (387.4) | (114.6) | (339.8) | (140.3) |
| Dividends Paid | (273.6) | (270.6) | (244.8) | (244.6) | (243.7) | (242.6) | (242.5) | (237.4) | (222.7) | (208.9) |
| Other Financing Activities | (12.1) | (11.2) | (70.5) | (14.6) | (14.3) | (123.9) | (14.2) | (16.5) | (14.7) | (15.7) |
| Financing Cash Flow | (355.8) | (443.9) | 35.8 | 70.5 | (8.4) | (256.2) | (320.1) | (742.7) | (537.0) | (815.1) |
| Cash Position | ||||||||||
| Net Change in Cash | (329.7) | (205.2) | 185.7 | 299.9 | (29.0) | (4.6) | 38.7 | 24.4 | (14.6) | 37.2 |
| Cash at Beginning | 566.5 | 771.7 | 586.0 | 286.1 | 315.1 | 319.7 | 281.0 | 256.6 | 271.2 | 234.0 |
| Cash at End | 236.8 | 566.5 | 771.7 | 586.0 | 286.1 | 315.1 | 319.7 | 281.0 | 256.6 | 271.2 |
| Free Cash Flow | 51.6 | 257.7 | 191.7 | 253.4 | 22.8 | 304.2 | 389.9 | 793.8 | 541.8 | 882.1 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1,140.4 | 1,075.5 | 970.5 | 1,026.0 | 1,163.8 | 1,241.3 | 1,325.8 | 1,765.7 | 2,254.3 | 2,288.6 |
| Gross Profit | 470.2 | 576.7 | 501.1 | 561.4 | 668.5 | 736.9 | 789.9 | 1,120.0 | 1,527.4 | 1,558.4 |
| Operating Income | 95.2 | 32.1 | (100.3) | 30.9 | 146.6 | 219.1 | 253.5 | 529.4 | 885.0 | 903.1 |
| Net Income | 41.7 | (18.6) | (154.6) | (53.6) | 78.4 | 129.3 | 154.7 | 419.2 | 666.6 | 666.4 |
| EPS (Diluted) | 0.08 | -0.09 | -0.29 | -0.10 | 0.14 | 0.24 | 0.28 | 0.77 | 1.21 | 1.21 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 236.8 | 566.5 | 771.7 | 586.0 | 286.1 | 315.1 | 319.7 | 281.0 | 256.6 | 271.2 |
| Total Assets | 14,469.7 | 14,979.5 | 15,374.6 | 15,632.2 | 15,622.3 | 15,839.7 | 15,873.2 | 16,143.0 | 16,601.4 | 16,494.6 |
| Total Debt | 5,412.7 | 5,494.5 | 5,666.1 | 6,784.0 | 6,457.6 | 6,202.9 | 6,032.4 | 5,727.6 | 6,108.1 | 6,062.6 |
| Stockholders' Equity | 6,695.5 | 6,857.1 | 7,078.3 | 6,031.5 | 6,275.9 | 6,406.0 | 6,657.8 | 7,080.2 | 6,968.5 | 6,831.3 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 88.1 | 275.6 | 205.9 | 271.5 | 43.6 | 377.1 | 430.0 | 853.3 | 616.2 | 993.2 |
| Capital Expenditure | (36.5) | (17.9) | (14.2) | (18.1) | (20.8) | (72.9) | (40.1) | (59.5) | (74.4) | (111.1) |
| Free Cash Flow | 51.6 | 257.7 | 191.7 | 253.4 | 22.8 | 304.2 | 389.9 | 793.8 | 541.8 | 882.1 |