Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. It operates through two segments, Semiconductor Products and Technology Licensing. The company offers general purpose 8-bit, 16-bit, 32-bit, and 64-bit mixed-signal microcontrollers; 32-bit and 64-bit embedded mixed-signal microprocessors; and specialized mixed-signal microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides analog products, including power management, linear, mixed-signal, high voltage, thermal management, discrete diodes and MOSFETS, radio frequency (RF), drivers, safety, security, timing, USB, ethernet, wireless, and other interface products; field-programmable gate array (FPGA) products; and application development tools that enable system designers to program mixed-signal microcontroller, FPGA, and microprocessor products. In addition, the company offers memory products that consist of serial electrically erasable programmable read only memory (EEPROMs), serial flash memories, parallel flash memories, serial static random-access memory (SRAM), and electrically erasable random-access memory (EERAMs) for production of footprint devices; and licenses its SuperFlash embedded flash and non-volatile memory 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, as well as provides engineering services. Further, it provides wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems, application specific integrated circuits, and products for aerospace applications. The company was incorporated in 1989 and is headquartered in Chandler, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $4.7B | $1.2B | $230M | $871M | 3.6% | 7.1% | -46100.0% |
| 2025 | $4.4B | $1.0B | $-1M | $772M | -0.0% | -42.3% | -100.0% |
| 2024 | $7.6B | $3.4B | $1.9B | $2.6B | 28.6% | -9.5% | -14.8% |
| 2023 | $8.4B | $4.1B | $2.2B | $3.1B | 34.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,438.70 | 7,634.40 | 4,401.60 | 4,713.10 |
| Operating Revenue | - | 8,438.70 | 7,634.40 | 4,401.60 | 4,713.10 |
| Cost Of Revenue | - | 2,740.80 | 2,638.70 | 1,933.70 | 1,992 |
| Gross Profit | - | 5,697.90 | 4,995.70 | 2,467.90 | 2,721.10 |
| Operating Expense | - | 2,585.90 | 2,437 | 2,092.40 | 2,191.30 |
| Research And Development | - | 1,118.30 | 1,097.40 | 983.80 | 1,085.90 |
| Selling General And Administration | - | 797.70 | 734.20 | 617.70 | 674.30 |
| Total Expenses | - | 5,326.70 | 5,075.70 | 4,026.10 | 4,183.30 |
| Operating Income | - | 3,112 | 2,558.70 | 375.50 | 529.80 |
| Total Operating Income As Reported | - | 3,116 | 2,571 | 296.30 | 490.10 |
| EBITDA | - | 4,102.50 | 3,436.40 | 1,040.40 | 1,178.20 |
| Normalized EBITDA | - | 4,106.80 | 3,436.30 | 1,121.30 | 1,217.90 |
| EBIT | - | 3,104.10 | 2,556.90 | 290.30 | 488.90 |
| Interest Income | - | 2.10 | 7.60 | 9.20 | 11.40 |
| Interest Expense | - | 194.40 | 191 | 251.40 | 215.40 |
| Net Interest Income | - | -201.80 | -190.70 | -250 | -209.90 |
| Other Non Operating Income Expenses | - | 3.80 | -2.20 | -5.70 | -6.70 |
| Other Income Expense | - | -0.50 | -2.10 | -86.60 | -46.40 |
| Interest Income Non Operating | - | 2.10 | 7.60 | 9.20 | 11.40 |
| Interest Expense Non Operating | - | 194.40 | 191 | 251.40 | 215.40 |
| Net Non Operating Interest Income Expense | - | -201.80 | -190.70 | -250 | -209.90 |
| Pretax Income | - | 2,909.70 | 2,365.90 | 38.90 | 273.50 |
| Tax Provision | - | 672 | 459 | 39.40 | 43.50 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.99 | 0.02 | -16.99 | -6.31 |
| Net Income Continuous Operations | - | 2,237.70 | 1,906.90 | -0.50 | 230 |
| Net Income From Continuing And Discontinued Operation | - | 2,237.70 | 1,906.90 | -0.50 | 230 |
| Net Income From Continuing Operation Net Minority Interest | - | 2,237.70 | 1,906.90 | -0.50 | 230 |
| Net Income | - | 2,237.70 | 1,906.90 | -0.50 | 230 |
| Net Income Common Stockholders | - | 2,237.70 | 1,906.90 | -2.70 | 118.80 |
| Net Income Including Noncontrolling Interests | - | 2,237.70 | 1,906.90 | -0.50 | 230 |
| Normalized Income | - | 2,241.01 | 1,906.82 | 63.41 | 263.39 |
| Diluted NI Availto Com Stockholders | - | 2,237.70 | 1,906.90 | -2.70 | 118.80 |
| Basic Average Shares | - | 550.40 | 542 | 537.30 | 540.40 |
| Diluted Average Shares | - | 557.30 | 548 | 537.30 | 545.20 |
| Reconciled Depreciation | - | 998.40 | 879.50 | 750.10 | 689.30 |
| Reconciled Cost Of Revenue | - | 2,412.30 | 2,364.60 | 1,674.50 | 1,733.80 |
| Total Unusual Items | - | -4.30 | 0.10 | -80.90 | -39.70 |
| Total Unusual Items Excluding Goodwill | - | -4.30 | 0.10 | -80.90 | -39.70 |
| Preferred Stock Dividends | - | - | - | 2.20 | 111.20 |
| Special Income Charges | - | -4.30 | 0.10 | -80.90 | -39.70 |
| Other Special Charges | - | -10.30 | -6.30 | 4.40 | 2.10 |
| Restructuring And Mergern Acquisition | - | 14.60 | 6.20 | 76.50 | 37.60 |
| Depreciation Amortization Depletion Income Statement | - | 669.90 | 605.40 | 490.90 | 431.10 |
| Depreciation And Amortization In Income Statement | - | 669.90 | 605.40 | 490.90 | 431.10 |
| Total Other Finance Cost | - | 9.50 | 7.30 | 7.80 | 5.90 |
| Amortization | - | 669.90 | 605.40 | 490.90 | 431.10 |
| Amortization Of Intangibles Income Statement | - | 669.90 | 605.40 | 490.90 | 431.10 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Microchip Technology Incorporatedthis co. | MCHP | $52.2B | 439.41β premium | 8.12 | 1.8% | 48.80 |
| TE Connectivity plc | TEL | $64.4B | 34.98 | 5.12 | 14.6% | 16.75 |
| Teradyne, Inc. | TER | $63.7B | 114.96 | 22.78 | 19.8% | 80.80 |
| Keysight Technologies, Inc. | KEYS | $58.6B | 68.92 | 9.96 | 14.5% | 40.91 |
| ON Semiconductor Corporation | ON |
| 2022 | - | - | - | - | - | - | - |
| $51.3B |
| 423.57 |
| 6.68 |
| 1.6% |
| 58.67 |
| Autodesk, Inc. | ADSK | $49.3B | 43.89 | 16.20 | 36.9% | 25.05 |
| Garmin Ltd. | GRMN | $46.7B | 28.04 | 5.20 | 18.5% | 21.58 |
| Strategy Inc | MSTR | $45.5B | -11.83 | 1.03 | -8.7% | -9.47 |
| Block, Inc. | XYZ | $42.2B | 32.32 | 1.90 | 5.9% | 11.66 |
| Peer Median | - | 39.44 | 5.94 | 14.5% | 23.31 | |