Microchip Technology (MCHP) Stock Overview
Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
MCHP Community Fair Values
Create NarrativeSee what 97 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Microchip Technology Incorporated Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$73.01 |
| 52 Week High | US$105.91 |
| 52 Week Low | US$48.52 |
| Beta | 1.74 |
| 1 Month Change | -10.30% |
| 3 Month Change | -21.44% |
| 1 Year Change | 12.77% |
| 3 Year Change | -7.19% |
| 5 Year Change | -9.97% |
| Change since IPO | 22,263.19% |
Recent News & Updates
Seeking Alpha • Sep 08
Microchip Technology: This Chip Stock Is Cheaper Than It Seems
Summary Microchip Technology is rated Buy as cyclical recovery combines with emerging structural growth from data centers and aerospace & defense. MCHP's valuation becomes notably more attractive from FY2028 onward, with P/E dropping to 16x and potential upside to $91–$103 per share. Data center revenue is accelerating, driven by PCIe Gen6 adoption and diversified product exposure, while industrial and automotive markets are rebounding. Key risks include mistaking cyclical recovery for structural growth and high debt limiting near-term capital returns beyond dividends. Read the full article on Seeking Alpha
Narrative Update • Aug 21
MCHP: AI Data Centers And Industrial Demand Will Support Margin Upside
Analysts have trimmed the Microchip Technology fair value estimate from $112.96 to $108.64. This reflects updated assumptions around slightly softer revenue growth, a higher discount rate, and a lower future P/E multiple, even as Street research highlights margin support from improving industrial and automotive demand and the company’s data center exposure.Recent updates
Seeking Alpha • Sep 08
Microchip Technology: This Chip Stock Is Cheaper Than It Seems
Summary Microchip Technology is rated Buy as cyclical recovery combines with emerging structural growth from data centers and aerospace & defense. MCHP's valuation becomes notably more attractive from FY2028 onward, with P/E dropping to 16x and potential upside to $91–$103 per share. Data center revenue is accelerating, driven by PCIe Gen6 adoption and diversified product exposure, while industrial and automotive markets are rebounding. Key risks include mistaking cyclical recovery for structural growth and high debt limiting near-term capital returns beyond dividends. Read the full article on Seeking AlphaNarrative Update • Aug 21
MCHP: AI Data Centers And Industrial Demand Will Support Margin Upside
Analysts have trimmed the Microchip Technology fair value estimate from $112.96 to $108.64. This reflects updated assumptions around slightly softer revenue growth, a higher discount rate, and a lower future P/E multiple, even as Street research highlights margin support from improving industrial and automotive demand and the company’s data center exposure.
Narrative Update • Aug 07
MCHP: Data Center Exposure And Edge AI Expansion Will Shape Next Phase
Analysts have lowered the Microchip Technology price target, with the model value moving from about $86.55 to $81.37. This change reflects more cautious assumptions on revenue growth, profit margins, and future P/E multiples, despite still supportive recent research commentary.Narrative Update • Jul 22
MCHP: Data Center Exposure And Defensive Pricing Will Shape Next Recovery Phase
Analysts have adjusted the Microchip Technology fair value estimate modestly higher to about $86.55 from roughly $83.72, citing updated expectations for revenue growth, profit margins, and future P/E. These changes are reflected across a mix of recent price target revisions and commentary on sector demand, pricing, and data center exposure.Narrative Update • Jul 08
MCHP: Data Center Exposure Will Drive Higher 2026 Margins And Repricing
Microchip Technology's analyst price target has been raised from about $86.67 to roughly $112.96 as analysts factor in recent data center revenue disclosures, selective pricing actions, and a broad wave of higher target updates across several research firms. Analyst Commentary Analysts are reacting to Microchip Technology's latest disclosures with a mix of optimism and caution, especially around the new data center revenue breakout, pricing actions, and the wave of higher price targets.Narrative Update • Jun 24
MCHP: Data Center Hype And Defensive Pricing Will Cap 2026 Recovery
Analysts have raised their fair value estimate for Microchip Technology from $69.00 to about $83.72, citing higher price targets across several firms that reference the new data center revenue breakout and selective pricing actions as key factors. Analyst Commentary Recent Street research on Microchip Technology reflects a mix of enthusiasm for the data center disclosure and pricing actions, paired with pockets of caution around how much good news is already reflected in the stock price.Analysis Article • Jun 18
Microchip Technology (MCHP) Stock Could Be 8.6% Overvalued After Strait Of Hormuz Deal
Microchip Technology (MCHP) is back in focus after a newly announced Middle East peace deal to reopen the Strait of Hormuz lifted sentiment around industrial and automotive activity tied to its analog and embedded chips. See our latest analysis for Microchip Technology. At a share price of US$94.11, Microchip Technology has seen a 7-day share price return of 7.05% and a 90-day share price return of 48.70%. The 1-year total shareholder return of 42.11% points to strong momentum rather than a...
Narrative Update • Jun 06
MCHP: Data Center Breakout And Pricing Actions Will Support Higher Multiples
Narrative Update on Microchip Technology The analyst price target for Microchip Technology has moved to $135.00, with analysts pointing to recent data center revenue disclosures, selective pricing actions, and a broad wave of upward target revisions across major firms as key drivers of their updated view. Analyst Commentary Research coverage on Microchip Technology has been active, with multiple bullish analysts adjusting their price targets higher and highlighting specific company actions such as data center disclosures and pricing decisions.Narrative Update • May 23
MCHP: Rising Street Optimism Will Support Higher Future Trading Multiples
Microchip Technology's updated analyst price target has shifted from about $109.03 to $135.00. Analysts cite refreshed models that include revised revenue growth, profit margin and future P/E assumptions following a series of recent target increases across major firms.Narrative Update • Apr 22
MCHP: Policy Uncertainty Around AI Chip Exports Will Restrain 2026 Recovery
Analysts have maintained Microchip Technology's fair value estimate at $69.00 while making slight changes to assumptions for the discount rate, revenue growth, profit margin, and future P/E, following a mix of recent target hikes, trims, and rating changes across Wall Street. Analyst Commentary Recent research on Microchip points to a split view across Wall Street, with some firms lifting price targets and ratings while others trim targets or keep a more neutral stance.Narrative Update • Apr 08
MCHP: Mixed Ratings And Policy Shifts Will Test 2026 Recovery Timing
Analysts have raised the Microchip Technology fair value estimate to $69.00 from $63.76, reflecting updated views on revenue, profit margins and a lower future P/E. These changes are supported by a recent run of higher and mixed price targets across the Street.Narrative Update • Mar 25
MCHP: Broadening Edge AI And Auto Demand Will Support Higher 2026 Margins
Analysts have nudged the Microchip Technology price target slightly higher, with modest adjustments to fair value inputs such as revenue growth, profit margin, discount rate and future P/E. These changes reflect a mixed set of recent target hikes and trims, alongside generally constructive views on booking trends and margin potential.Narrative Update • Mar 10
MCHP: Booking Momentum And End Market Recovery Will Support Higher Multiples
Analysts have lifted their blended Microchip Technology fair value estimate from $90.00 to about $109.03 as they factor in higher modeled revenue growth, wider profit margins, a slightly higher discount rate, and a lower assumed future P/E. This aligns with a recent wave of price target revisions across the Street.Narrative Update • Feb 24
MCHP: Broadening Edge AI And Auto Demand Will Support 2026 Margins
Analyst price targets for Microchip Technology have edged slightly lower, with our fair value estimate moving from $86.96 to $86.60, as analysts balance recent target hikes tied to improving bookings and margin outlook with a few more cautious, neutral views on the shares. Analyst Commentary Recent research on Microchip Technology reflects a mix of optimism on the recovery story and some hesitation on how much of that is already reflected in the share price.Analysis Article • Feb 10
Microchip Technology's (NASDAQ:MCHP) Dividend Will Be $0.455
Microchip Technology Incorporated's ( NASDAQ:MCHP ) investors are due to receive a payment of $0.455 per share on 10th...Narrative Update • Feb 09
MCHP: Broadening 2026 Demand Recovery Will Support Margins As Tariff Pressures Ease
Analysts have nudged our Microchip Technology fair value estimate higher to $86.96 from $75.12, reflecting updated views on revenue growth, profitability, and a mix of recent target changes that include multiple price target increases from firms citing stronger bookings, improved guidance, and a broadening recovery across key end markets, alongside a few more cautious revisions. Analyst Commentary Recent Street research on Microchip Technology shows a clear tilt toward more constructive views, with several firms adjusting price targets and a few taking a more cautious stance.Narrative Update • Jan 26
MCHP: Broad End Market Recovery Will Mask 2026 Timing Risk
Narrative Update on Microchip Technology Analysts have lifted their aggregate price target on Microchip Technology by roughly $5, citing higher modeled revenue growth, wider profit margins, and a lower assumed future P/E multiple as they update forecasts following a series of recent target increases across the Street. Analyst Commentary Recent Street research around Microchip Technology has been active, with a cluster of price target revisions and rating updates that give you a sense of how sentiment is evolving.Narrative Update • Jan 11
MCHP: Broad End Market Recovery Signals Limited Upside As 2026 Uncertainty Persists
Narrative Update on Microchip Technology Analysts have nudged our fair value estimate for Microchip Technology higher from US$57.00 to about US$59.05, reflecting updated assumptions for revenue growth, profitability, and a lower future P/E multiple, following a series of price target increases tied to stronger guidance and broad based end market recovery. Analyst Commentary Recent Street research on Microchip Technology has been active, with several firms adjusting their targets and highlighting different risk and reward trade offs.Narrative Update • Dec 24
MCHP: 2026 Demand Recovery Will Support Margins Amid Easing Tariff Overhang
Microchip Technology's analyst price target has been nudged higher to approximately $75 from about $74, as analysts factor in slightly faster long term revenue growth, modestly improved margin expectations, and a still elevated future earnings multiple despite recent target cuts from the Street. Analyst Commentary Analyst views on Microchip Technology remain mixed, with price targets drifting lower in the near term even as expectations for a multi year recovery support the stock's valuation framework.Narrative Update • Dec 10
MCHP: 2026 Demand Recovery Will Offset Near-Term Guidance Weakness And Policy Uncertainty
Our updated narrative price target for Microchip Technology edges up to $73.92 from $73.64, as analysts balance recent target cuts and cautious near term guidance against expectations for a gradual demand recovery and resilient long term earnings power. Analyst Commentary Analysts remain divided on Microchip Technology, with recent target cuts reflecting near term execution risk even as longer term recovery expectations underpin valuation support.Narrative Update • Nov 26
MCHP: Recent Guidance Dip Will Set Up Recovery By 2026 Amid Policy Shifts
Analysts have lowered their price target for Microchip Technology, with the consensus fair value decreasing from $74.68 to $73.64. The adjustment is attributed to cautious Q4 guidance, even though there are expectations of a longer-term recovery.Analysis Article • Nov 21
Some Microchip Technology Incorporated (NASDAQ:MCHP) Shareholders Look For Exit As Shares Take 27% Pounding
The Microchip Technology Incorporated ( NASDAQ:MCHP ) share price has fared very poorly over the last month, falling by...Analysis Article • Nov 12
Microchip Technology (NASDAQ:MCHP) Has Affirmed Its Dividend Of $0.455
Microchip Technology Incorporated ( NASDAQ:MCHP ) will pay a dividend of $0.455 on the 9th of December. This means the...Shareholder Returns
| MCHP | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | 0.3% | 3.4% | -0.2% |
| 1Y | 12.8% | 53.2% | 14.8% |
Return vs Industry: MCHP underperformed the US Semiconductor industry which returned 53.2% over the past year.
Return vs Market: MCHP underperformed the US Market which returned 14.8% over the past year.
Price Volatility
| MCHP volatility | |
|---|---|
| MCHP Average Weekly Movement | 8.5% |
| Semiconductor Industry Average Movement | 11.7% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: MCHP has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MCHP's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | 17,900 | Steve Sanghi | www.microchip.com |
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. It operates in two segments, Semiconductor Products and Technology Licensing. The company offers general-purpose 8-bit, 16-bit, 32-bit, and 64-bit mixed-signal microcontrollers; 32-bit and 64-bit embedded mixed-signal microprocessors; and specialized mixed-signal microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human-machine interface, security, wired connectivity, and wireless connectivity applications.
Microchip Technology Incorporated Fundamentals Summary
| MCHP fundamental statistics | |
|---|---|
| Market cap | US$39.85b |
| Earnings (TTM) | US$367.20m |
| Revenue (TTM) | US$5.12b |
108.0x
P/E Ratio7.7x
P/S RatioIs MCHP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MCHP income statement (TTM) | |
|---|---|
| Revenue | US$5.12b |
| Cost of Revenue | US$2.04b |
| Gross Profit | US$3.08b |
| Other Expenses | US$2.72b |
| Earnings | US$367.20m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.68 |
| Gross Margin | 60.19% |
| Net Profit Margin | 7.17% |
| Debt/Equity Ratio | 83.1% |
How did MCHP perform over the long term?
See historical performance and comparisonDividends
2.5%
Current Dividend Yield268%
Payout RatioDoes MCHP pay a reliable dividends?
See MCHP dividend history and benchmarks| Microchip Technology dividend dates | |
|---|---|
| Ex Dividend Date | Aug 24 2026 |
| Dividend Pay Date | Sep 09 2026 |
| Days until Ex dividend | 17 days |
| Days until Dividend pay date | 1 day |
Does MCHP pay a reliable dividends?
See MCHP dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 04:19 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Microchip Technology Incorporated is covered by 41 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Kelleher | Argus Research Company |
| Timothy Luke | Barclays |
| Thomas O'Malley | Barclays |