Microchip Technology (MCHP) financial statements
Microchip Technology reported revenue of $4.7B in fiscal 2026, up 3.7% a year over 9 years.
Net income was $230M and the operating margin 10.4%, against 8.1% in 2017.
Free cash flow was $871M, and the company returned $984M in dividends.
The diluted share count rose 16% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Microchip Technology's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $4.0B | $5.3B | $5.3B | $5.4B | $6.8B | $8.4B | $7.6B | $4.4B | $4.7B |
| Cost of revenue | $1.7B | $1.6B | $2.4B | $2.0B | $2.1B | $2.4B | $2.7B | $2.6B | $1.9B | $2.0B |
| Gross profit | $1.8B | $2.4B | $2.9B | $3.2B | $3.4B | $4.4B | $5.7B | $5.0B | $2.5B | $2.7B |
| Research and development | $545M | $529M | $826M | $878M | $836M | $989M | $1.1B | $1.1B | $984M | $1.1B |
| Selling, general and admin | $500M | $452M | $683M | $677M | $610M | $719M | $798M | $734M | $618M | $674M |
| Operating income | $276M | $936M | $714M | $647M | $998M | $1.8B | $3.1B | $2.6B | $296M | $490M |
| Interest expense | $146M | $199M | $503M | $497M | $357M | $257M | $204M | $198M | $259M | $221M |
| Pre-tax income | $90M | $737M | $204M | $150M | $340M | $1.5B | $2.9B | $2.4B | $39M | $274M |
| Income tax | -$81M | $482M | -$151M | -$420M | -$10M | $197M | $672M | $459M | $39M | $44M |
| Net income | $165M | $255M | $356M | $571M | $349M | $1.3B | $2.2B | $1.9B | -$500,000 | $230M |
| EPS (diluted) | $0.35 | $0.52 | $0.71 | $1.11 | $0.65 | $2.27 | $4.02 | $3.48 | -$0.01 | $0.22 |
| Diluted shares | 470M | 498M | 500M | 512M | 541M | 566M | 557M | 548M | 537M | 545M |
| Gross margin | 51.6% | 60.8% | 54.8% | 61.5% | 62.1% | 65.2% | 67.5% | 65.4% | 56.1% | 57.7% |
| Operating margin | 8.1% | 23.5% | 13.4% | 12.3% | 18.4% | 27.1% | 36.9% | 33.7% | 6.7% | 10.4% |
| Net margin | 4.8% | 6.4% | 6.7% | 10.8% | 6.4% | 18.8% | 26.5% | 25.0% | -0.0% | 4.9% |
Balance sheet
Fiscal years, from Microchip Technology's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.3B | $2.2B | $431M | $403M | $282M | $319M | $234M | $320M | $772M | $240M |
| Receivables | $478M | $564M | $881M | $934M | $998M | $1.1B | $1.3B | $1.1B | $690M | $895M |
| Inventory | $417M | $476M | $712M | $686M | $665M | $854M | $1.3B | $1.3B | $1.3B | $1.0B |
| Total current assets | $2.3B | $3.4B | $2.2B | $2.2B | $2.1B | $2.5B | $3.1B | $3.0B | $3.0B | $2.4B |
| Property, plant and equipment | $683M | $768M | $997M | $876M | $855M | $968M | $1.2B | $1.2B | $1.2B | $1.1B |
| Goodwill | $2.3B | $2.3B | $6.7B | $6.7B | $6.7B | $6.7B | $6.7B | $6.7B | $6.7B | $6.7B |
| Total assets | $7.7B | $8.3B | $18.4B | $17.4B | $16.5B | $16.2B | $16.4B | $15.9B | $15.4B | $14.4B |
| Total current liabilities | $704M | $2.0B | $2.4B | $1.6B | $2.4B | $1.4B | $3.1B | $2.5B | $1.2B | $1.1B |
| Long-term debt | $2.9B | $1.8B | $8.9B | $8.9B | $7.6B | $7.7B | $5.0B | $5.0B | $5.6B | $5.5B |
| Total liabilities | $4.4B | $5.0B | $13.1B | $11.8B | $11.1B | $10.3B | $9.9B | $9.2B | $8.3B | $7.9B |
| Shareholders' equity | $3.3B | $3.3B | $5.3B | $5.6B | $5.3B | $5.9B | $6.5B | $6.7B | $7.1B | $6.4B |
| Net debt | $2.0B | $2.2B | $9.9B | $9.1B | $8.6B | $7.4B | $6.2B | $5.7B | $4.9B | $5.3B |
Cash flow
Fiscal years, from Microchip Technology's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.1B | $1.4B | $1.7B | $1.5B | $1.9B | $2.8B | $3.6B | $2.9B | $898M | $962M |
| Capital spending | $10M | $207M | $229M | $68M | $93M | $370M | $486M | $285M | $126M | $91M |
| Free cash flow | $1.0B | $1.2B | $1.4B | $1.5B | $1.8B | $2.5B | $3.1B | $2.6B | $772M | $871M |
| Stock-based compensation | $128M | $93M | $166M | $170M | $198M | $210M | $170M | $178M | $180M | $255M |
| Dividends paid | — | — | — | — | — | — | — | $912M | $976M | $984M |
| Share buybacks (net) | $0 | $0 | — | $0 | $0 | -$426M | -$946M | -$982M | -$96M | $0 |
| Net borrowing | $0 | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 30.8% | 30.5% | 27.0% | 28.0% | 33.5% | 36.3% | 37.1% | 34.2% | 17.5% | 18.5% |
| Dividends per share | — | — | — | — | — | — | — | $1.66 | $1.82 | $1.80 |
Questions
What was Microchip Technology's revenue in 2026?
$4.7B in fiscal 2026, from its 10-K filing.
How much free cash flow does Microchip Technology generate?
$871M in fiscal 2026 (operating cash flow minus capital spending).
From Microchip Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.