Microchip Technology, Inc.
MCHP - Insider Information
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+ FollowMarket Cap$33.5B
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Earnings Call Q3 2026
February 5, 2026 - AI Summary
Strong Financial Performance: Microchip Technology reported net sales of $1.186 billion for December 2025, an increase of 4% sequentially and 15.6% year-over-year. This surpassed their guidance expectations, indicating a healthy growth trajectory driven primarily by networking, data center, and licensing business units. Non-GAAP earnings per diluted share were $0.44, surpassing guidance by $0.04.
Guidance for March 2026: The company expects net sales to be approximately $1.26 billion (plus or minus $20 million), representing a sequential growth of 6.2% and an increase of 29.8% from the previous year. Non-GAAP gross margin is projected to range between 60.5% and 61.5%, indicating continued operational efficiency despite ongoing financial challenges.
Inventory and Utilization Challenges: The company reported a decrease in inventory balance to $1.058 billion but noted charges of $51.7 million related to capacity underutilization and significant inventory reserve charges. Although inventory normalization is expected, factory utilization rates remain low, which could present ongoing operating margin headwinds until utilization improves.
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$11.41
81.5% downside
Current Fair Value
81.5% downsideOvervalued by 81.5% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $33.50 Billion |
|---|---|
| Enterprise Value | $38.56 Billion |
| Annual dividend | $1.82 |
| Dividend yield | 2.95% |
| Earnings per Share | $0.27 |
| Beta | 1.85 |
| Outstanding Shares | 543,600,000 |
Return
| Return on Equity | 12.20% |
|---|---|
| Return on Assets | 5.53% |
| Return on Invested Capital | 8.82% |
Valuation & Multiples
| P/E Ratio | 46.21 |
|---|---|
| PEG | 5.36 |
| Price to Sales | 6.17 |
| Price to Book Ratio | 5.14 |
| Enterprise Value to Revenue | 6.88 |
| Enterprise Value to EBIT | 32.54 |
| Enterprise Value to Net Income | 47 |
| Total Debt to Enterprise | 0.14 |
| Debt to Equity | 0.83 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 5, 2026
EPS
$0.97
Est. $0.94Revenue
$1.62 B
Est. $1.61 BNext Earnings Call
Expected Date
February 4, 2027
EPS Estimate
$0.96
Consensus analyst estimateRevenue Estimate
$1.61 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 1.93, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 1.9333▲ 146.80% |
|---|---|
| Total Calls | 602,300▼ 97.81% |
| Total Puts | 1,164,400▼ 90.91% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 14.60%▼ 86.03% |
|---|---|
| Total Invested | $7.16B▼ 85.60% |
| Investors Holding | 674▼ 689.00% |
About Microchip Technology, Inc.
17,900 employees
CEO: Steve Sanghi
Operating across the Americas, Europe, and Asia, Microchip Technology Incorporated is a leading developer, manufacturer, and distributor of intelligent, interconnected, and robust embedded control solutions. The company's extensive produ...