MCHP · Technology
MICROCHIP TECHNOLOGY INC
Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window
News · 2026-08-07
- Gross Margin DriversImportance 17 · Surprise 24Non-GAAP gross margin reached 63.8% in fiscal Q1 2027, reflecting improved operational leverage. Reported gross margin expanded to 63.2%, driven by product mix and improved operational efficiencies. Better factory…
- Inventory NormalizationImportance 17 · Surprise 24Reports indicated that Microchip’s inventory levels are normalizing as end-market demand recovers. Channel replenishment and customer restocking were cited alongside improving bookings, suggesting that the earlier…
- Quarterly Dividend DeclarationImportance 13 · Surprise 6Microchip’s board declared a quarterly cash dividend of $0.455 per common share. The dividend is payable on September 9, 2026, to shareholders of record on August 24, 2026. The company has paid quarterly dividends…
8-K · 2026-08-06
- Guidance and OutlookImportance 95 · Surprise 92For the September 2026 quarter, Microchip expects net sales of $1.589 billion to $1.618 billion, representing sequential growth of 7% to 9% and approximately 40.6% year-over-year growth at the midpoint. GAAP gross…
- Revenue Performance and MixImportance 76 · Surprise 64First-quarter fiscal 2027 net sales were $1.485 billion, up 38.0% year over year from $1.076 billion and 13.2% sequentially. Revenue exceeded the $1.456 billion midpoint of the May 7, 2026 guidance. Management…
- Gross Margin DriversImportance 76 · Surprise 64GAAP gross profit was $938.9 million, or 63.2% of net sales, compared with $576.7 million, or 53.6%, a year earlier. Non-GAAP gross profit was $947.6 million, or 63.8%, versus $584.4 million, or 54.3%, in the…
- Operating Income and MarginsImportance 76 · Surprise 64GAAP operating income increased to $336.8 million, or 22.7% of sales, from $32.1 million, or 3.0%, in the year-ago quarter. Non-GAAP operating income rose to $521.1 million, or 35.1% of sales, from $222.3 million, or…
- Operating Cash Flow TrendsImportance 76 · Surprise 64Cash flow from operations increased to $511.5 million in the June 2026 quarter from $275.6 million in the year-ago quarter. Free cash flow rose to $497.6 million from $257.7 million, an increase of $239.9 million. Free…
- Capital Expenditures ProgramImportance 65 · Surprise 66Capital expenditures were $13.9 million in the June 2026 quarter, compared with $17.9 million in the year-ago quarter. The company expects $20 million to $25 million of capital expenditures in the September 2026…
- Capital Expenditure OutlookImportance 62 · Surprise 42Microchip expects second-quarter fiscal 2027 capital expenditures of $20 million to $25 million. Full-fiscal-year 2027 capital expenditures are expected to be approximately $100 million. Most factory expansion actions…
- PCIe Gen6 Design WinsImportance 56 · Surprise 82Microchip’s PCIe Gen6 connectivity design wins doubled sequentially from six programs at the end of the March quarter to 12 programs exiting the June quarter. Management attributed the increase to growing momentum in…
- Operating Expense TrendsImportance 52 · Surprise 30Reported R&D expense increased 20.9% year over year to $308.9 million from $255.5 million, while its sales ratio declined to 20.8% from 23.8%. Reported SG&A increased 15.7% to $184.3 million from $159.3 million, while…
- Income Tax Rate ChangesImportance 50 · Surprise 46GAAP income tax expense increased to $60.1 million from $2.8 million in the prior-year quarter. The reported GAAP tax rate was 20.7%, compared with a negative 17.7% rate in the year-ago quarter, when pretax income was…
- Liquidity and Debt PositionImportance 49 · Surprise 32Microchip reduced net debt by approximately $170 million during the June 2026 quarter. Long-term debt declined to $5.361 billion at June 30, 2026 from $5.496 billion at March 31, 2026, a $135.1 million decrease. Cash…
- Supply Chain and InventoryImportance 49 · Surprise 32Microchip reduced inventory days from 185 on March 31 to 175 on June 30, indicating continued inventory normalization. Distribution sell-through increased meaningfully, while the company emphasized that it manages…
- Macroeconomic Factors ImpactImportance 40 · Surprise 42Microchip stated that the slow macroeconomic environment in fiscal 2025 led it to pause most factory expansion actions and reduce planned capital investments through fiscal 2027. The company expects fiscal 2027 capital…
- Quarterly Dividend DeclarationImportance 37 · Surprise 6Microchip returned approximately $246.9 million to common stockholders through dividends during the June 2026 quarter. The Board declared a common-stock dividend of $0.455 per share payable September 9, 2026 to holders…
- Manufacturing and CapacityImportance 30 · Surprise 42Stronger factory utilization and lower underutilization charges contributed to improved operating leverage during the June quarter. Microchip has paused most factory expansion actions and reduced planned capital…
- Market Demand TrendsImportance 23 · Surprise 24Microchip reported improving demand across several key end markets, with distribution sell-through increasing meaningfully during the June quarter. Bookings remained strong, with the book-to-bill ratio well above 1,…
News · 2026-08-06
- Guidance and OutlookImportance 80 · Surprise 68Microchip forecast fiscal Q2 2027 revenue of approximately $1.60 billion, representing sequential growth from fiscal Q1 sales of $1.485 billion. The company guided to non-GAAP EPS of $0.91 to $0.95 for the quarter. The…
- Guidance / OutlookImportance 80 · Surprise 68Microchip forecast fiscal second-quarter revenue of approximately $1.59 billion to $1.62 billion, above analyst expectations. Management projected adjusted EPS of $0.91 to $0.95 and expects continued sequential growth,…
- Malaysian Tax DisputeImportance 71 · Surprise 60Microchip faces a tax dispute with Malaysian authorities that could result in up to $474.7 million of taxes and penalties if resolved unfavorably. The potential exposure exceeds the company’s $45 million materiality…
- Revenue Performance and MixImportance 64 · Surprise 56Microchip Technology reported fiscal Q1 2027 net sales of $1.485 billion, up 38.0% year over year and above guidance. Growth was supported by demand recovery across data centers, industrial, automotive, and aerospace…
- Liquidity and Debt PositionImportance 58 · Surprise 42Microchip reported a significant reduction in net debt during fiscal Q1 2027. Operating cash flow reached $511.5 million for the quarter, providing liquidity for debt repayment and other capital needs. Management…
- Market Demand TrendsImportance 38 · Surprise 24Third-party reports described broad demand recovery across Microchip’s data-center, industrial, automotive, and aerospace and defense markets. Management commentary cited strong bookings, channel replenishment, and…
- Supply Chain ConstraintsImportance 37 · Surprise 42Microchip is facing supply constraints at foundries and outsourced semiconductor assembly and test providers. These constraints are affecting lead times as demand improves and bookings recover. Separate reporting…
- Gross Margin DriversImportance 17 · Surprise 24Non-GAAP gross margin reached 63.8% in fiscal Q1 2027, reflecting improved operational leverage. Reported gross margin expanded to 63.2%, driven by product mix and improved operational efficiencies. Better factory…
- Quarterly Dividend DeclarationImportance 13 · Surprise 6Microchip’s board declared a quarterly cash dividend of $0.455 per common share. The dividend is payable on September 9, 2026, to shareholders of record on August 24, 2026. The company has paid quarterly dividends…
News · 2026-08-05
- Competition and Market ShareImportance 56 · Surprise 82Microchip’s Micron collaboration is being positioned as a system-level PCIe Gen 6 storage solution for the AI and enterprise data-center market. Third-party analysis said the combined Switchtec switches and Micron SSDs…
News · 2026-08-04
- Revenue Performance and MixImportance 64 · Surprise 56Microchip Technology reported fiscal Q1 2027 net sales of $1.485 billion, up 38.0% year over year and above guidance. Growth was supported by demand recovery across data centers, industrial, automotive, and aerospace…
- PCIe Gen 6 Strategic PartnershipImportance 56 · Surprise 82Microchip Technology collaborated with Micron Technology to demonstrate an end-to-end PCIe Gen 6 storage architecture for AI, high-performance computing, and cloud data centers. The solution combines Microchip’s…
- Market Demand TrendsImportance 38 · Surprise 24Third-party reports described broad demand recovery across Microchip’s data-center, industrial, automotive, and aerospace and defense markets. Management commentary cited strong bookings, channel replenishment, and…