Microchip Technology Incorporated (MCHP) Stock Price & Analysis
Microchip Technology Incorporated (MCHP) closed at USD 74.52 on Thursday, October 22, 2026, down 3.41% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 77.15; the Oct 22, 2026 session ranged USD 73.61–75.94 on volume of 17,071,298 shares. Market capitalization is $40.47B, with a 52-week range of USD 48.52–105.91 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MCHP.md
Key facts (MCHP)
- Last four reported quarters (through Jun 30, 2026): revenue $5.12B, net income $478M (9.3% margin), free cash flow $1.11B (SEC filings).
- Valuation: P/E 84.6x (avg 89.5x at the last 2 fiscal year-ends), EV/EBITDA 37.9x, net debt $5.09B.
- 3 of 80 tracked superinvestors hold MCHP (13F, Q2 2026): 2 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.15 on a 1–5 scale) (26 analysts), mean target USD 106.52 (range 75–135).
- Total return with dividends: 1Y +17.5% vs S&P 500 +14.9%; 5Y +10.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.94, revenue estimate $1.61B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MCHP)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.82B | $8.44B | $7.63B | $4.40B | $4.71B | $5.12B |
| Gross profit | $4.45B | $5.70B | $5.00B | $2.47B | $2.72B | — |
| Operating income | $1.85B | $3.12B | $2.57B | $296M | $490M | $795M |
| Net income | $1.29B | $2.24B | $1.91B | -$500K | $230M | $478M |
| EPS (diluted) | $2.27 | $4.02 | $3.48 | -$0.01 | $0.22 | — |
| Free cash flow | $2.47B | $3.13B | $2.61B | $772M | $871M | $1.11B |
| Gross margin | 65.2% | 67.5% | 65.4% | 56.1% | 57.7% | — |
| Operating margin | 27.1% | 36.9% | 33.7% | 6.7% | 10.4% | 15.5% |
| Net margin | 18.8% | 26.5% | 25.0% | 0.0% | 4.9% | 9.3% |
| Revenue growth | +25.4% | +23.7% | -9.5% | -42.3% | +7.1% | — |
| Cash + short-term investments | $319M | $234M | — | — | $240M | — |
| Total debt | $7.69B | $6.44B | $6.00B | $5.63B | $5.50B | — |
Fiscal years end Mar. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MCHP)
P/E 84.6x · P/S 7.9x · EV/EBITDA 37.9x · EV/Sales 8.9x · P/FCF 36.4x · P/B 6.3x · FCF yield 2.75% · Earnings yield 1.18% · Dividend yield (paid, TTM) 2.44% · Net debt $5.09B · EV $45.6B
P/E at fiscal year-ends: Mar 2026 153.2x, Mar 2024 25.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (MCHP)
3 of 80 tracked investors hold MCHP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | 0.26% | $505M | Reduced -9.7% |
| Christopher Bloomstran | Semper Augustus | 0.02% | $221K | New position |
| Lee Ainslie | Maverick Capital | 0.01% | $657K | New position |
Analysts (MCHP)
Consensus Buy (mean 2.15 on a 1–5 scale), 26 analysts; mean target USD 106.52 (low 75, high 135).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | B. Riley Securities | Target lowered | Buy | $108 → $98 |
| 2026-10-20 | Wells Fargo | Target lowered | Equal-Weight | $88 → $80 |
| 2026-10-19 | TD Cowen | Target lowered | Hold | $90 → $75 |
| 2026-08-21 | BMO Capital | Initiated | Outperform | $95 |
| 2026-08-17 | Cantor Fitzgerald | Reiterated | Overweight | $125 |
| 2026-08-07 | UBS | Target lowered | Buy | $130 → $120 |
| 2026-08-07 | Citigroup | Target lowered | Buy | $113 → $95 |
| 2026-08-07 | Truist Securities | Target lowered | Hold | $105 → $90 |
| 2026-08-07 | Rosenblatt | Maintained | Buy | $120 |
| 2026-08-03 | Cantor Fitzgerald | Reiterated | Overweight | $125 |
| 2026-07-20 | Wells Fargo | Target lowered | Equal-Weight | $95 → $88 |
| 2026-07-13 | TD Cowen | Target lowered | Hold | $105 → $90 |
Total return (dividends reinvested) (MCHP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +17.5% | +10.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +17.6% | +2.0% |
| Volatility (annualized) | 49.2% | 43.3% |
| Max drawdown | -31.8% (Jun 2026→Sep 2026) | -62.4% (May 2024→Mar 2025) |
MCHP revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Semiconductor products | $1.44B | 97.1% | +38.3% |
| Technology Licensing Member | $42.6M | 2.9% | +29.1% |
| Total revenue | $1.48B | 100% | — |
MCHP revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Mixed-signal Microcontrollers | $739.1M | 49.8% | +38.8% |
| Analog | $410.9M | 27.7% | +29.9% |
| Other | $334.7M | 22.5% | +47.6% |
| Total revenue | $1.48B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
Companies that name MCHP in their SEC reports
| Relationship to MCHP | Company | Filing | Sentence |
|---|---|---|---|
| competitor | FREQUENCY ELECTRONICS INC (FEIM) | 10-K Jul 17, 2026 | “for multiple applications in the EW market, the Company competes with larger domestic companies such as Microchip Technology Incorporated” |
| competitor | QUICKLOGIC Corp (QUIK) | 10-K Mar 27, 2026 | “In the market for discrete FPGA devices, we compete with suppliers of programmable logic devices including Lattice Semiconductor Corporation, Microchip Technology Inc. (which acquired Microsemi Corporation), Advanced Micro Devices, Inc. (which acquired Xilinx, Inc.), and Intel Corporation (whose programmable logic business operates under the Altera brand).” |
| competitor | Astera Labs, Inc. (ALAB) | 10-K Feb 20, 2026 | “Our principal competitors include Broadcom, Inc., Credo Technology Group Holding Ltd., Marvell Technology, Inc., Microchip Technology Inc., Montage Technology, Parade Technologies, Ltd., and Rambus, Inc.” |
| competitor | NXP Semiconductors N.V. (NXPI) | 10-K Feb 19, 2026 | “Our primary key public competitors in alphabetical order include, but are not limited to, Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Microchip Technology Inc., Qualcomm Inc., Renesas Electronics Corp., STMicroelectronics NV and Texas Instruments Inc.” |
| competitor | TTM TECHNOLOGIES INC (TTMI) | 10-K Feb 17, 2026 | “Our principal competitors for our Commercial segment include AT&S (Austria Technologie & Systemtechnik Aktiengesellschaft), Founder Technology Group Co., Ltd., Gold Circuit Electronics Ltd., Isu Petasys Co., Ltd., Kinwong Electronic Co. Ltd., Unimicron Technology Corp., Victory Giant Technology Co., Ltd., and WUS Printed Circuit Co., Ltd. Our principal competitors for our RF&S Components segment include Advanced M…” |
| competitor | SITIME Corp (SITM) | 10-K Feb 11, 2026 | “Companies that we primarily compete with include, but are not limited to, Abracon, LLC, Daishinku Corp., Diodes Incorporated, Kyocera Corporation, Microchip Technology Inc., Murata Manufacturing Co., Ltd, Nihon Dempa Kogoyo., Ltd., Rakon Limited, Renesas Electronics Corporation, Seiko Epson Corporation, Skyworks Solutions, Inc., Texas Instruments Incorporated, and TXC Corporation.” |
| competitor | MAXLINEAR, INC (MXL) | 10-K Jan 29, 2026 | “Our primary merchant semiconductor competitors include Broadcom, Inc., Qualcomm Incorporated, Realtek Semiconductor Corp., Skyworks Solutions, Inc., Credo Semiconductor Inc., MediaTek, Inc., Marvell Technology Group Ltd., MACOM Technology Solutions Holdings, Inc., Texas Instruments Incorporated, Analog Devices, Inc., Renesas Electronics Corporation, Microchip Technology Inc. and Semtech Corporation.” |
| competitor | MACOM Technology Solutions Holdings, Inc. (MTSI) | 10-K Nov 14, 2025 | “We primarily compete with Analog Devices, Inc. ("ADI"), Broadcom Inc. ("Broadcom"), Credo Technology Group Holding Ltd. ("Credo"), Marvell Technology Inc. ("Marvell"), MaxLinear Inc. ("MaxLinear"), Microchip Technology Incorporated ("Microchip"), NXP Semiconductors N.V. ("NXP"), Qorvo, Inc. ("Qorvo"), Semtech Corporation ("Semtech"), Skyworks Solutions, Inc. ("Skyworks") and Sumitomo Electric Device Innovations, I…” |
MCHP customer concentration
In the period ended Mar 31, 2026, a single direct customer accounted for 12% of revenue, per the company's 10-K filed May 21, 2026. The company does not name it.
MCHP company outlook (results filed Aug 6, 2026)
- “(3) The forecast for GAAP tax expense excludes any unexpected tax events that may occur during the quarter, as these amounts cannot be forecasted.”
- “(4) Represents the expected cash tax rate for fiscal 2027, excluding any transition tax payments associated with the Tax Cuts and Jobs Act.”
- “(5) Our GAAP guidance excludes the impact of any potential gains or charges related to our ongoing evaluation of restructuring activities including the sale of our Fab 2 wafer fabrication facility in Tempe, Arizona.”
- “Capital expenditures for the quarter ending September 30, 2026 are expected to be betwe”
Quoted word-for-word from the SEC 8-K results press release.
MCHP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.94 | $0.80 | +17.5% | $1.61B | 22 |
| Next quarter (ends Dec 2026) | $0.94 | $0.81 | +16.1% | $1.63B | 22 |
| Current fiscal year (ends Mar 2027) | $3.66 | $3.19 | +14.6% | $6.40B | 25 |
| Next fiscal year (ends Mar 2028) | $4.60 | $4.19 | +9.8% | $7.45B | 25 |
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 74.52 |
|---|---|
| Change | ▼ 3.41% (down) |
| Previous Close | USD 77.15 |
| Open | USD 75.16 |
| Day Range | USD 73.61 – 75.94 |
| 52-Week Range | USD 48.52 – 105.91 |
| Volume | 17,071,298 shares |
| Market Cap | $40.47B |
| Exchange | NMS |
Technical Analysis (MCHP)
Nexqual's technical model rates MCHP "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 47.26 (neutral) |
| vs SMA50 | Below (USD 75.26) |
| MACD | -0.28 (negative) |
Analyst Ratings (MCHP)
Wall Street analysts rate MCHP "Buy" based on 26 analysts, with a mean price target of USD 106.52 (range USD 75–135), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 26 |
| Mean Target | USD 106.52 |
| High Target | USD 135 |
| Low Target | USD 75 |
| Buy / Hold / Sell | 20 / 6 / 0 |
Earnings (MCHP)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.94 |
| Revenue Estimate | $1.61B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.76 vs est 0.7 ▲ beat |
| 2026-03-31 | USD 0.57 vs est 0.5 ▲ beat |
| 2025-12-31 | USD 0.44 vs est 0.43 ▲ beat |
| 2025-09-30 | USD 0.35 vs est 0.33 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (MCHP)
| Total Revenue | $5.12B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +38.00% |
| Gross Margin | +60.19% |
| Operating Margin | +23.96% |
| Profit Margin | +9.34% |
| ROE | +7.19% |
| Debt / Equity | 0.84 |
| Current Ratio | 1.92 |
| Total Cash | $272.30M |
| Total Debt | $5.40B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.11B (21.7% of revenue) |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (MCHP)
Nexqual rates Microchip Technology Incorporated's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Solid — Revenue +7% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 60%, operating 24% (last 12 months) |
| Balance Sheet | Mixed — $272M cash and investments vs $5.36B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $1.11B (last 4 quarters to Jun 2026, SEC), 22% margin |
| Efficiency | Mixed — ROE 7%, ROA 3.5% |
Ownership (MCHP)
| Insider Ownership | +1.79% |
|---|---|
| Institutional Ownership | +102.81% |
| Shares Outstanding | 543.01M |
| Float | 532.75M |
| Short % of Float | +8.21% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (MCHP)
Microchip Technology Incorporated is led by Stephen Sanghi, CEO, President & Chair of the Board, per Nexqual as of October 23, 2026 at 09:48 UTC.
| CEO, President & Chair of the Board | Stephen Sanghi |
|---|---|
| Senior Corporate Vice President & CFO | James Eric Bjornholt |
| Senior Corporate Vice President of Operations | Mathew B. Bunker |
| Senior Corporate Vice President of Worldwide Client Engagement | Joseph R. Krawczyk |
| Senior Corporate Vice President of Global Human Resources | Lauren A. Carr |
Major Backers & Investors (MCHP)
Notable institutional backers of Microchip Technology Incorporated include Invesco, Boston Partners, Bank of America Corporation, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 4.66% |
| Boston Partners | 2.67% |
| Bank of America Corporation | 2.19% |
| Aristotle Capital Management, LLC | 1.99% |
| Victory Capital Management Inc. | 1.81% |
| VanEck ETF Trust-VanEck Semiconductor ETF | 1.38% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 12.6% |
| BlackRock | 11.71% |
| State Street | 5.31% |
| Geode Capital | 2.86% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
From Microchip Technology Incorporated's Latest SEC 10-K Filing (filed 2026-05-21)
Key Strengths & Strategy (as disclosed to the SEC)
- Our technology licensing business generates license fees and royalties associated with technology licenses for the use of our SuperFlash® embedded flash and other technologies.
- Direct control over manufacturing resources allows us to shorten our design and production cycles.
- While our intention is to continue to patent our technology and manufacturing processes, we believe that our continued success depends primarily on the technological skills and innovative capabilities of our personnel and our ability to rapidly commercialize new and enhanced products.
- Licensees of our technology may become unable to pay, and have in the past and are currently disputing their obligations to pay us royalties or fees.
Partnerships
- We currently plan to continue to operate these fabrication facilities with modest investment to keep them operational and accommodate areas of growing demand.
Legal & Regulatory Risks (Item 1A, quoted)
- We continue to be the target of attacks on our IT systems. Interruptions in and unauthorized access to our IT systems, security breaches or incidents impacting our systems or data that we or our service providers maintain or otherwise process including data belonging to us, or our customers, suppliers, contractors or employees, could adversely affect our business.
- Our contracts may not contain limitations of liability, and even where they do, there can be no assurance that limitations of liability in our contracts are sufficient to protect us from liabilities, damages, or claims related to our cybersecurity practices or measures.
- We face significant and evolving risks related to AI across our products, operations, cybersecurity, regulatory compliance, intellectual property, confidential information, privacy, workforce, customer transactions, and customer demand, any of which could adversely affect our business, results of operations, financial condition and reputation.
- Our products and intellectual property may face heightened security, safety and reliability risks when used in AI‑enabled applications, including in the cloud, IoT, automotive and other emerging use cases.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| STM | STMicroelectronics N.V. | USD 44.09 | ▼ 7.04% |
| UMC | United Microelectronics Corpora | USD 18.53 | ▼ 6.51% |
| ALAB | Astera Labs, Inc. | USD 257.82 | ▼ 11.11% |
| CRDO | Credo Technology Group Holding | USD 162.77 | ▼ 10.7% |
| ON | ON Semiconductor Corporation | USD 73.23 | ▼ 4.82% |
| NXPI | NXP Semiconductors N.V. | USD 237.79 | ▼ 1.89% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt