MICROCHIP TECHNOLOGY INC

Listed Company

MCHPCIK 0000827054NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Mar 31

Period

FY 2026

Revenue

$4.71B

Net Income

$230.00M

Total Assets

$14.37B

Equity

$6.43B

Shares Out

542.08M

Op. Cash Flow

$962.10M

Business

MICROCHIP TECHNOLOGY INC develops, manufactures and sells smart, connected, and secure embedded control solutions for a wide range of applications. Its main products and services include mixed-signal microcontrollers and microprocessors (8-, 16-, 32- and 64-bit), analog devices, FPGAs, non-volatile memory, development tools, technology licensing, engineering services and assembly/test and foundry manufacturing services. The company operates key product lines and divisions focused on mixed-signal microcontrollers, analog, FPGA, memory and licensing/development tools. It markets and distributes products worldwide through direct sales, technical support centers and distributor channels in the Americas, Europe and Asia.

Summary from filing dated 2025-05-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Net sales	4,713	4,402	7,634
Cost of sales	1,992	1,934	2,639
Gross profit	2,721	2,468	4,996
Research and development	1,086	984	1,097
Selling, general and administrative	674	618	734
Amortization of acquired intangible assets	431	491	605
Special charges (income) and other, net	40	79	−12
Operating expenses	2,231	2,172	2,425
Operating income	490	296	2,571
Interest income	11	9	8
Interest expense	221	259	198
Loss on settlement of debt	0	−2	−12
Other loss, net	−7	−6	−2
Income before income taxes	274	39	2,366
Income tax provision	44	39	459
Net income (loss)	230	−500,000	1,907
Dividends on Series A Preferred Stock	111	2	0
Net income (loss) attributable to common stockholders	119	−3	1,907
Basic net income (loss) per common share (in dollars per share)	0.22	−0.01	3.52
Diluted net income (loss) per common share (in dollars per share)	0.22	−0.01	3.48
Dividends declared per common share (in dollars per share)	1.82	1.82	1.68
Basic common shares outstanding (in shares)	540	537	542
Diluted common shares outstanding (in shares)	545	537	548

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
ASSETS	—	—
Cash and cash equivalents	240	772
Accounts receivable, net	895	690
Inventories	1,035	1,294
Other current assets	207	236
Total current assets	2,378	2,991
Property, plant and equipment, net	1,107	1,184
Goodwill	6,696	6,685
Net Amount	2,033	2,389
Long-term deferred tax assets	1,793	1,728
Other assets	364	398
Total assets	14,370	15,375
LIABILITIES AND STOCKHOLDERS' EQUITY	—	—
Accounts payable	206	161
Accrued liabilities	931	995
Total current liabilities	1,136	1,155
Long-term debt	5,496	5,630
Long-term income tax payable	571	633
Long-term deferred tax liability	25	34
Other long-term liabilities	709	844
Stockholders' equity:	—	—
Preferred stock, $0.001 par value per share; authorized 5,000,000 shares; 7.50% Series A mandatory convertible preferred stock, 1,485,000 shares issued and outstanding at March 31, 2026 and March 31, 2025, with a liquidation preference of $1,000 per share, or $1,485.0 million in the aggregate	0	0
Common stock, $0.001 par value per share; authorized 900,000,000 shares; 578,423,967 shares issued and 542,079,011 shares outstanding at March 31, 2026; 577,996,915 shares issued and 538,704,604 shares outstanding at March 31, 2025	600,000	600,000
Additional paid-in capital	4,072	3,910
Common stock held in treasury: 36,344,956 shares at March 31, 2026; 39,292,311 shares at March 31, 2025	2,551	2,612
Accumulated other comprehensive loss	−4	−2
Retained earnings	4,916	5,781
Total stockholders' equity	6,432	7,078
Total liabilities and stockholders' equity	14,370	15,375

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Germany	—	—	—
Malta	—	—	—
Cash flows from operating activities:	—	—	—
Net income (loss)	230	−500,000	1,907
Adjustments to reconcile net income to net cash provided by operating activities:	—	—	—
Depreciation and amortization	689	750	880
Deferred income taxes	−65	−143	−27
Share-based compensation expense related to equity incentive plans	255	180	178
Loss on settlement of debt	0	−2	−12
Amortization of debt discount	27	65	38
Amortization of debt issuance costs	6	8	7
Impairment of intangible assets	4	0	2
Other	−18	−63	−26
Changes in operating assets and liabilities, excluding impact of acquisitions:	—	—	—
(Increase) decrease in accounts receivable	205	−454	−162
Decrease in inventories	−264	−32	−13
Increase (decrease) in accounts payable and accrued liabilities	26	−346	−148
Change in other assets and liabilities	106	38	64
Change in income tax payable	−148	−2	−39
Net cash provided by operating activities	962	898	2,893
Cash flows from investing activities:	—	—	—
Other investing	−1	−2	−400,000
Proceeds from capital-related government incentives	5	400,000	6
Investments in other assets	111	165	113
Capital expenditures	91	126	285
Net cash used in investing activities	−196	−288	−392
Cash flows from financing activities:	—	—	—
Proceeds from borrowings on Revolving Credit Facility	0	68	6,271
Repayments of Revolving Credit Facility	0	68	6,371
Proceeds from borrowings on 2025 Term Loan Facility	0	0	750
Repayments of 2025 Term Loan Facility	0	750	0
Proceeds from issuance of Commercial Paper	6,416	13,938	9,039
Repayments of Commercial Paper	6,243	15,114	7,689
Proceeds from issuance of senior notes	0	1,992	995
Repayment of senior notes	1,200	1,000	3,400
Proceeds from issuance of convertible debt	900	1,250	0
Payments on settlement of convertible debt	0	672	133
Issuance of Series A Preferred Stock	0	1,450	0
Deferred financing costs	17	20	3
Purchase of capped call options	68	160	0
Proceeds from sale of common stock	62	65	82
Tax payments related to shares withheld for vested RSUs	51	58	61
Repurchase of common stock	0	97	982
Payment of cash dividends on Series A Preferred Stock	109	0	0
Payment of cash dividends on common stock	984	976	912
Capital lease payments	2	2	2
Other Financing	−3	−6	0
Net cash used in financing activities	−1,298	−158	−2,415
Net (decrease) increase in cash and cash equivalents	−531	452	86
Cash and cash equivalents, at end of period	—	—	—
Cash and cash equivalents, at end of period	—	—	—
Supplemental disclosure of cash flow information:	—	—	—
ROU assets obtained in exchange of lease liabilities	29	10	28
Cash paid for interest	211	236	191
Cash paid for income taxes	—	175	517
U.S. federal	166	—	—
U.S. state and local	3	—	—
Foreign income taxes	75	—	—
Operating lease payments in operating cash flows	42	40	39

Filings

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