Microchip Technology Incorporated (MCHP) Income Statement
MCHP FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsMCHP revenue and net income
Where MCHP's revenue goes
FY2026Each bar shows an amount and its share of revenue. MCHP kept 4.3% of revenue as net income.
MCHP profit margins
MCHP growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.1% | −17.6% | −2.8% | +8.0% |
| Gross profit | +10.3% | −21.8% | −4.2% | +8.5% |
| Operating income | +65.4% | −46.0% | −13.3% | +3.4% |
| Net income | — | −55.1% | −10.4% | −4.6% |
| EPS (diluted) | +17.7% | −36.7% | −14.2% | +1.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MCHP quarterly EPS vs estimates
Microchip beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.82).
MCHP income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.71B | $4.40B | $7.63B | $8.44B | $6.82B | $5.44B | $5.27B | $5.35B | $3.98B | $3.41B |
| Cost of revenue | $1.99B | $1.93B | $2.64B | $2.74B | $2.37B | $2.06B | $2.03B | $2.42B | $1.56B | $1.65B |
| Gross profit | $2.72B | $2.47B | $5.00B | $5.70B | $4.45B | $3.38B | $3.24B | $2.93B | $2.42B | $1.76B |
| Research & development | $1.09B | $983.8M | $1.10B | $1.12B | $989.1M | $836.4M | $877.8M | $826.3M | $529.3M | $545.3M |
| Sales, general & admin | $674.3M | $617.7M | $734.2M | $797.7M | $718.9M | $610.3M | $676.6M | $682.9M | $452.1M | $499.8M |
| Total operating expenses | $2.23B | $2.17B | $2.42B | $2.58B | $2.60B | $2.38B | $2.60B | $2.22B | $1.48B | $1.48B |
| Operating income | $490.1M | $296.3M | $2.57B | $3.12B | $1.85B | $998.1M | $647.1M | $714.3M | $936.3M | $275.8M |
| Interest income | $11.4M | $9.2M | $7.6M | $2.1M | $500,000 | $1.7M | $2.8M | $8.1M | $22.0M | $3.1M |
| Interest expense | $221.3M | $251.4M | $198.3M | $203.9M | $257.0M | $356.9M | $497.3M | $502.9M | $199.0M | $146.3M |
| Income before taxes | $273.5M | $38.9M | $2.37B | $2.91B | $1.48B | $339.5M | $150.4M | $204.5M | $737.3M | $89.8M |
| Income taxes | $43.5M | $39.4M | $459.0M | $672.0M | $197.0M | −$9.9M | −$420.2M | −$151.4M | $481.9M | −$80.8M |
| Net income | $202.2M | −$500,000 | $1.91B | $2.24B | $1.29B | $349.4M | $570.6M | $355.9M | $255.4M | $164.6M |
| EBITDA | $1.40B | $1.04B | $3.44B | $4.10B | $2.87B | $1.83B | $1.85B | $1.57B | $1.55B | $705.3M |
| EPS (diluted) | $1.53 | $1.30 | $4.91 | $6.03 | $4.61 | $3.30 | $2.82 | $3.29 | $2.75 | $2.00 |
| Gross margin | 57.7% | 56.1% | 65.4% | 67.5% | 65.2% | 62.1% | 61.5% | 54.8% | 60.8% | 51.6% |
| Operating margin | 10.4% | 6.7% | 33.7% | 36.9% | 27.1% | 18.4% | 12.3% | 13.4% | 23.5% | 8.1% |
| Net margin | 4.3% | −0.0% | 25.0% | 26.5% | 18.8% | 6.4% | 10.8% | 6.7% | 6.4% | 4.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.48B | $1.31B | $1.19B | $1.14B | $1.08B | $970.5M | $1.03B | $1.16B | $1.24B | $1.33B | $1.77B | $2.25B |
| Cost of revenue | $545.8M | $511.6M | $479.1M | $502.5M | $498.8M | $469.4M | $464.6M | $495.3M | $504.4M | $535.9M | $645.7M | $726.9M |
| Gross profit | $938.9M | $799.6M | $706.9M | $637.9M | $576.7M | $501.1M | $561.4M | $668.5M | $736.9M | $789.9M | $1.12B | $1.53B |
| Research & development | $308.9M | $293.8M | $274.3M | $262.3M | $255.5M | $255.2M | $246.2M | $240.7M | $241.7M | $240.3M | $266.0M | $292.6M |
| Sales, general & admin | $184.3M | $174.2M | $168.5M | $172.3M | $159.3M | $152.0M | $158.2M | $157.0M | $150.5M | $161.8M | $172.2M | $196.6M |
| Total operating expenses | $602.1M | $588.5M | $555.2M | $542.7M | $544.6M | $601.4M | $530.5M | $521.9M | $517.8M | $536.4M | $590.6M | $642.4M |
| Operating income | $336.8M | $211.1M | $151.7M | $95.2M | $32.1M | −$100.3M | $30.9M | $146.6M | $219.1M | $253.5M | $529.4M | $885.0M |
| Interest income | $1.4M | $1.6M | $1.3M | $3.6M | $4.9M | $2.7M | $1.7M | $2.0M | $2.8M | $2.5M | $2.0M | $1.6M |
| Interest expense | $48.8M | $51.7M | $55.9M | $56.3M | $57.4M | $67.9M | $66.9M | $56.8M | $59.8M | $55.1M | $49.2M | $46.8M |
| Income before taxes | $289.9M | $163.9M | $93.6M | $31.8M | −$15.8M | −$168.3M | −$46.1M | $91.5M | $161.8M | $199.7M | $484.3M | $833.6M |
| Income taxes | $60.1M | $19.7M | $30.9M | −$9.9M | $2.8M | −$13.7M | $7.5M | $13.1M | $32.5M | $45.0M | $65.1M | $167.0M |
| Net income | $229.8M | $144.2M | $34.9M | $41.7M | −$18.6M | −$154.6M | −$53.6M | $78.4M | $129.3M | $154.7M | $419.2M | $666.6M |
| EBITDA | $495.4M | $600.3M | $328.3M | $260.8M | $211.3M | $86.6M | $207.6M | $335.9M | $410.3M | $471.4M | $751.2M | $1.10B |
| EPS (diluted) | $0.61 | $0.57 | $0.44 | $0.35 | $0.17 | $0.11 | $0.20 | $0.46 | $0.53 | $0.57 | $1.08 | $1.62 |
| Gross margin | 63.2% | 61.0% | 59.6% | 55.9% | 53.6% | 51.6% | 54.7% | 57.4% | 59.4% | 59.6% | 63.4% | 67.8% |
| Operating margin | 22.7% | 16.1% | 12.8% | 8.3% | 3.0% | −10.3% | 3.0% | 12.6% | 17.7% | 19.1% | 30.0% | 39.3% |
| Net margin | 15.5% | 11.0% | 2.9% | 3.7% | −1.7% | −15.9% | −5.2% | 6.7% | 10.4% | 11.7% | 23.7% | 29.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MCHP's financial statements (latest annual report filed May 21, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MCHP financial results
In fiscal year 2026 (ended March 31, 2026), Microchip reported revenue of $4.7 billion, up 7.1% from the year before. It had net income of $202.2 million, a net profit margin of 4.3%. Diluted earnings per share came to $1.53. Over five years revenue grew at an average rate of −2.8% a year.
See the MCHP stock overview for the latest quote and news, or the MCHP chart for price history and technical indicators.
MCHP income statement FAQ
What is Microchip's annual revenue?
Microchip reported total revenue of $4.7 billion for fiscal year 2026, which ended on March 31, 2026. That was up 7.1% from $4.4 billion the previous year.
Is Microchip profitable?
Yes. Microchip reported net income of $202.2 million in fiscal 2026, a net profit margin of 4.3%; its operating margin was 10.4%.
What is Microchip's gross margin?
Microchip's gross margin was 57.7% in fiscal 2026: for every $100 of revenue, Microchip kept $58 after the direct cost of its products and services.
How much does Microchip spend on research and development?
Microchip spent $1.1 billion on research and development in fiscal 2026, 23.0% of revenue.
How fast is Microchip growing?
Revenue grew −2.8% a year on average over the last five fiscal years, from $5.4 billion to $4.7 billion.
What are Microchip's earnings per share?
Microchip earned $1.53 per diluted share in fiscal 2026, compared with $1.30 a year earlier.
When will Microchip report its next earnings?
Microchip is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Microchip's fiscal year end?
Microchip's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 21, 2026.