Microchip Technology Inc income statement
In fiscal 2026, Microchip Technology Inc reported revenue of $4.71bn, up 7.1% on the year before, operating income of $490m (a 10.4% margin) and net income of $230m, or $0.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Mar 2010 | 2011Mar 2011 | 2012Mar 2012 | 2013Mar 2013 | 2014Mar 2014 | 2015Mar 2015 | 2016Mar 2016 | 2017Mar 2017 | 2018Mar 2018 | 2019Mar 2019 | 2020Mar 2020 | 2021Mar 2021 | 2022Mar 2022 | 2023Mar 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 948 | 1,487 | 1,383 | 1,582 | 1,931 | 2,147 | 2,173 | 3,408 | 3,981 | 5,350 | 5,274 | 5,438 | 6,821 | 8,439 | 7,634 | 4,402 | 4,713 | 5,122 |
| Cost of revenue | 413 | 613 | 591 | — | — | — | — | 1,651 | 1,560 | 2,418 | 2,032 | 2,060 | 2,371 | 2,741 | 2,639 | 1,934 | 1,992 | 2,039 |
| Gross profit | 534 | 881 | 799 | 838 | 1,129 | 1,230 | 1,206 | 1,757 | 2,421 | 2,931 | 3,242 | 3,379 | 4,450 | 5,698 | 4,996 | 2,468 | 2,721 | 3,083 |
| Research and development | 121 | 171 | 183 | 255 | 305 | 350 | 373 | 545 | 529 | 826 | 878 | 836 | 989 | 1,118 | 1,097 | 984 | 1,086 | 1,139 |
| Selling, general and administrative | 167 | 222 | 208 | 261 | 267 | 275 | 302 | 500 | 452 | 683 | 677 | 610 | 719 | 798 | 734 | 618 | 674 | 699 |
| Operating income | 245 | 474 | 397 | 179 | 459 | 426 | 352 | 276 | 936 | 714 | 647 | 998 | 1,850 | 3,116 | 2,571 | 296 | 490 | 795 |
| Interest expense | 31 | 32 | 34 | 41 | 49 | 62 | 104 | 146 | 199 | 503 | 497 | 357 | 257 | 204 | 198 | 259 | 221 | 213 |
| Income before tax | 238 | 461 | 380 | 152 | 432 | 346 | 281 | 90 | 737 | 205 | 150 | 340 | 1,483 | 2,910 | 2,366 | 39 | 274 | 579 |
| Income tax | 21 | 32 | 43 | 25 | 37 | −19 | −43 | −81 | 482 | −151 | −420 | −10 | 197 | 672 | 459 | 39 | 44 | 101 |
| Net income | 217 | 419 | 337 | 127 | 395 | 369 | 324 | 165 | 255 | 356 | 571 | 349 | 1,286 | 2,238 | 1,907 | −1 | 230 | 478 |
| Diluted EPS | $0.58 | $1.07 | $0.82 | $0.31 | $0.91 | $0.82 | $0.74 | $0.35 | $0.52 | $0.71 | $1.11 | $0.65 | $2.27 | $4.02 | $3.48 | −$0.01 | $0.22 | $0.87 |
| Diluted shares (average) | 375m | 389m | 407m | 412m | 435m | 447m | 435m | 470m | 498m | 500m | 512m | 541m | 566m | 557m | 548m | 537m | 545m | 548m |
| EBITDA | 335 | 581 | 496 | 383 | 648 | 704 | 636 | 745 | 1,552 | 1,591 | 1,863 | 2,151 | 2,993 | 4,114 | 3,451 | 1,046 | 1,179 | 1,202 |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,164 | 1,026 | 971 | 1,076 | 1,140 | 1,186 | 1,311 | 1,485 |
| Cost of revenue | 495 | 465 | 469 | 499 | 503 | 479 | 512 | 546 |
| Gross profit | 669 | 561 | 501 | 577 | 638 | 707 | 800 | 939 |
| Research and development | 241 | 246 | 255 | 256 | 262 | 274 | 294 | 309 |
| Selling, general and administrative | 157 | 158 | 152 | 159 | 172 | 169 | 174 | 184 |
| Operating income | 147 | 31 | −100 | 32 | 89 | 152 | 217 | 337 |
| Interest expense | 59 | 69 | 70 | 57 | 56 | 56 | 52 | 49 |
| Income before tax | 92 | −46 | −168 | −16 | 32 | 94 | 164 | 290 |
| Income tax | 13 | 8 | −14 | 3 | −10 | 31 | 20 | 60 |
| Net income | 78 | −54 | −155 | −19 | 42 | 63 | 144 | 230 |
| Diluted EPS | $0.14 | −$0.10 | −$0.29 | −$0.09 | $0.03 | $0.06 | $0.22 | $0.37 |
| EBITDA | 188 | 71 | 87 | 203 | 128 | 190 | 391 | 494 |
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