Microchip Technology Incorporated (MCHP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 1.31B | 1.19B | 1.14B | 1.08B | 970.5M | 1.03B | 1.16B | 1.24B | 1.33B | 1.77B | 2.25B | 2.29B | 2.23B | 2.17B | 2.07B | 1.96B | 1.84B | 1.76B | 1.65B | 1.57B |
| Revenue Growth % | 35.11% | 15.59% | -2.01% | -13.36% | -26.8% | -41.89% | -48.37% | -45.76% | -40.62% | -18.6% | 8.74% | 16.55% | 21.07% | 23.43% | 25.66% | 25.12% | 25.7% | 29.98% | 25.99% | 19.83% |
| Cost of Goods Sold | 511.6M | 479.1M | 502.5M | 498.8M | 469.4M | 464.6M | 495.3M | 504.4M | 535.9M | 645.7M | 726.9M | 730.2M | 713.4M | 698.4M | 675.3M | 653.7M | 623.8M | 604.2M | 581.5M | 561.8M |
| COGS % of Revenue | 39.02% | 40.4% | 44.06% | 46.38% | 48.37% | 45.28% | 42.56% | 40.63% | 40.42% | 36.57% | 32.25% | 31.91% | 31.95% | 32.2% | 32.57% | 33.29% | 33.83% | 34.38% | 35.25% | 35.8% |
| Gross Profit | 799.6M | 706.9M | 637.9M | 576.7M | 501.1M | 561.4M | 668.5M | 736.9M | 789.9M | 1.12B | 1.53B | 1.56B | 1.52B | 1.47B | 1.4B | 1.31B | 1.22B | 1.15B | 1.07B | 1.01B |
| Gross Margin % | 60.98% | 59.6% | 55.94% | 53.62% | 51.63% | 54.72% | 57.44% | 59.37% | 59.58% | 63.43% | 67.75% | 68.09% | 68.05% | 67.8% | 67.43% | 66.71% | 66.17% | 65.62% | 64.75% | 64.2% |
| Gross Profit Growth % | 59.57% | 25.92% | -4.58% | -21.74% | -36.56% | -49.88% | -56.23% | -52.71% | -48.01% | -23.85% | 9.26% | 18.97% | 24.49% | 27.53% | 30.85% | 30% | 31.68% | 36.36% | 32.23% | 26.22% |
| Operating Expenses | 588.5M | 555.2M | 542.7M | 544.6M | 601.4M | 530.5M | 521.9M | 517.8M | 536.4M | 590.6M | 642.4M | 655.3M | 671.3M | 659.2M | 642.8M | 608.6M | 670.9M | 638.3M | 652M | 638.8M |
| OpEx % of Revenue | 44.88% | 46.81% | 47.59% | 50.64% | 61.97% | 51.71% | 44.84% | 41.71% | 40.46% | 33.45% | 28.5% | 28.63% | 30.07% | 30.39% | 31.01% | 30.99% | 36.38% | 36.32% | 39.52% | 40.7% |
| Selling, General & Admin | 174.2M | 168.5M | 172.3M | 159.3M | 152M | 158.2M | 157M | 150.5M | 161.8M | 172.2M | 196.6M | 203.6M | 203.5M | 202.9M | 202.4M | 188.9M | 187.2M | 177.5M | 179.9M | 174.3M |
| SG&A % of Revenue | 13.29% | 14.21% | 15.11% | 14.81% | 15.66% | 15.42% | 13.49% | 12.12% | 12.2% | 9.75% | 8.72% | 8.9% | 9.11% | 9.35% | 9.76% | 9.62% | 10.15% | 10.1% | 10.9% | 11.11% |
| Research & Development | 293.8M | 274.3M | 262.3M | 255.5M | 255.2M | 246.2M | 240.7M | 241.7M | 240.3M | 266M | 292.6M | 298.5M | 298.3M | 282.4M | 268.6M | 269M | 259.1M | 245.4M | 246.2M | 238.4M |
| R&D % of Revenue | 22.41% | 23.13% | 23% | 23.76% | 26.3% | 24% | 20.68% | 19.47% | 18.12% | 15.06% | 12.98% | 13.04% | 13.36% | 13.02% | 12.96% | 13.7% | 14.05% | 13.96% | 14.92% | 15.19% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 211.1M | 151.7M | 95.2M | 32.1M | -100.3M | 30.9M | 146.6M | 219.1M | 253.5M | 529.4M | 885M | 903.1M | 848M | 811.6M | 755.1M | 701.3M | 549.5M | 515M | 416.3M | 368.8M |
| Operating Margin % | 16.1% | 12.79% | 8.35% | 2.98% | -10.33% | 3.01% | 12.6% | 17.65% | 19.12% | 29.98% | 39.26% | 39.46% | 37.98% | 37.41% | 36.42% | 35.72% | 29.8% | 29.3% | 25.23% | 23.5% |
| Operating Income Growth % | 310.47% | 390.94% | -35.06% | -85.35% | -139.57% | -94.16% | -83.44% | -75.74% | -70.11% | -34.77% | 17.2% | 28.78% | 54.32% | 57.59% | 81.38% | 90.16% | 78.41% | 109.69% | 84.04% | 68.94% |
| EBITDA | 384.8M | 323.5M | 267.9M | 203.2M | 86.7M | 217.7M | 334.2M | 407.8M | 471.7M | 748.8M | 1.1B | 1.13B | 1.09B | 1.06B | 1.01B | 960.7M | 842.7M | 815.6M | 693.8M | 641M |
| EBITDA Margin % | 29.35% | 27.28% | 23.49% | 18.89% | 8.93% | 21.22% | 28.72% | 32.85% | 35.58% | 42.41% | 48.97% | 49.2% | 48.87% | 48.66% | 48.57% | 48.93% | 45.69% | 46.41% | 42.05% | 40.84% |
| EBITDA Growth % | 343.83% | 48.6% | -19.84% | -50.17% | -81.62% | -70.93% | -69.73% | -63.78% | -56.77% | -29.06% | 9.64% | 17.21% | 29.49% | 29.43% | 45.13% | 49.88% | 41.44% | 53.16% | 35.51% | 25.42% |
| D&A (Non-Cash Add-back) | 173.7M | 171.8M | 172.7M | 171.1M | 187M | 186.8M | 187.6M | 188.7M | 218.2M | 219.4M | 219M | 222.9M | 243.2M | 244M | 251.8M | 259.4M | 293.2M | 300.6M | 277.5M | 272.2M |
| EBIT | 426.6M | 156.5M | 88.1M | 40.2M | -100.4M | 20.8M | 148.3M | 221.6M | 253.2M | 531.8M | 878.6M | 893.3M | 846.9M | 812.6M | 750M | 694.6M | 534.7M | 500.8M | 326.7M | 365.8M |
| Net Interest Income | -50.1M | -54.6M | -52.7M | -52.5M | -65.2M | -65.2M | -54.8M | -57M | -52.6M | -47.2M | -45.2M | -45.7M | -46.5M | -52M | -53.1M | -50.2M | -57.8M | -62M | -64.7M | -72M |
| Interest Income | 1.6M | 1.3M | 3.6M | 4.9M | 2.7M | 1.7M | 2M | 2.8M | 2.5M | 2M | 1.6M | 1.5M | 1M | 800K | 200K | 100K | 0 | 100K | 100K | 300K |
| Interest Expense | 51.7M | 55.9M | 56.3M | 57.4M | 67.9M | 66.9M | 56.8M | 59.8M | 55.1M | 49.2M | 46.8M | 47.2M | 47.5M | 52.8M | 53.3M | 50.3M | 57.8M | 62.1M | 64.8M | 72.3M |
| Other Income/Expense | -47.2M | -58.1M | -63.4M | -47.9M | -68M | -77M | -55.1M | -57.3M | -53.8M | -45.1M | -51.4M | -54.8M | -46.2M | -49.4M | -56M | -54.7M | -70.3M | -73.5M | -151.5M | -71.8M |
| Pretax Income | 163.9M | 93.6M | 31.8M | -15.8M | -168.3M | -46.1M | 91.5M | 161.8M | 199.7M | 484.3M | 833.6M | 848.3M | 801.8M | 762.2M | 699.1M | 646.6M | 479.2M | 441.5M | 264.8M | 297M |
| Pretax Margin % | 12.5% | 7.89% | 2.79% | -1.47% | -17.34% | -4.49% | 7.86% | 13.03% | 15.06% | 27.43% | 36.98% | 37.07% | 35.91% | 35.14% | 33.72% | 32.93% | 25.98% | 25.12% | 16.05% | 18.92% |
| Income Tax | 19.7M | 30.9M | -9.9M | 2.8M | -13.7M | 7.5M | 13.1M | 32.5M | 45M | 65.1M | 167M | 181.9M | 197.8M | 181.9M | 152.9M | 139.4M | 41.3M | 88.7M | 22.8M | 44.2M |
| Effective Tax Rate % | 12.02% | 33.01% | -31.13% | -17.72% | 8.14% | -16.27% | 14.32% | 20.09% | 22.53% | 13.44% | 20.03% | 21.44% | 24.67% | 23.87% | 21.87% | 21.56% | 8.62% | 20.09% | 8.61% | 14.88% |
| Net Income | 144.2M | 34.9M | 41.7M | -18.6M | -154.6M | -53.6M | 78.4M | 129.3M | 154.7M | 419.2M | 666.6M | 666.4M | 604M | 580.3M | 546.2M | 507.2M | 437.9M | 352.8M | 242M | 252.8M |
| Net Margin % | 11% | 2.94% | 3.66% | -1.73% | -15.93% | -5.22% | 6.74% | 10.42% | 11.67% | 23.74% | 29.57% | 29.12% | 27.05% | 26.75% | 26.35% | 25.83% | 23.74% | 20.07% | 14.67% | 16.11% |
| Net Income Growth % | 193.27% | 165.11% | -46.81% | -114.39% | -199.94% | -112.79% | -88.24% | -80.6% | -74.39% | -27.76% | 22.04% | 31.39% | 37.93% | 64.48% | 125.7% | 100.63% | 277.5% | 874.59% | 228.8% | 104.53% |
| Net Income (Continuing) | 144.2M | 62.7M | 41.7M | -18.6M | -154.6M | -53.6M | 78.4M | 129.3M | 154.7M | 419.2M | 666.6M | 666.4M | 604M | 580.3M | 546.2M | 507.2M | 437.9M | 352.8M | 242M | 252.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.21 | 0.06 | 0.08 | -0.09 | -0.29 | -0.10 | 0.14 | 0.24 | 0.28 | 0.77 | 1.21 | 1.21 | 1.09 | 1.04 | 0.98 | 0.90 | 0.77 | 0.62 | 0.43 | 0.45 |
| EPS Growth % | 172.41% | 164.19% | -45% | -135.88% | -203.57% | -112.95% | -88.43% | -80.17% | -74.31% | -25.96% | 23.47% | 34.44% | 41.56% | 67.74% | 127.91% | 100% | 266.67% | 843.68% | 207.14% | 87.5% |
| EPS (Basic) | 0.21 | 0.06 | 0.08 | -0.09 | -0.29 | -0.10 | 0.15 | 0.24 | 0.29 | 0.78 | 1.23 | 1.22 | 1.10 | 1.06 | 0.99 | 0.92 | 0.79 | 0.64 | 0.44 | 0.46 |
| Diluted Shares Outstanding | 547.9M | 545.5M | 539.2M | 539.2M | 537.4M | 537.4M | 542M | 542.8M | 544.8M | 546.5M | 549.2M | 551.4M | 553.9M | 555.4M | 558.3M | 561.5M | 565.1M | 567.3M | 565.9M | 565.1M |
| Basic Shares Outstanding | 541.5M | 539.2M | 539.2M | 539.2M | 537.4M | 537.4M | 536.7M | 536.7M | 538.9M | 540.8M | 543.1M | 545.1M | 546.9M | 549.2M | 551.5M | 553.8M | 555.6M | 554.9M | 551.3M | 547.5M |
| Dividend Payout Ratio | 171.01% | 705.16% | 589.45% | - | - | - | 310.84% | 187.63% | 156.75% | 56.63% | 33.41% | 31.35% | 32.43% | 31.07% | 30.41% | 30.17% | 32.15% | 36.48% | 50.08% | 44.74% |