Microchip Technology Management
Management criteria checks 2/4
Microchip Technology's CEO is Steve Sanghi, appointed in Nov 2024, has a tenure of 1.5 years. total yearly compensation is $21.41M, comprised of 1.9% salary and 98.1% bonuses, including company stock and options. directly owns 1.75% of the company’s shares, worth $977.76M. The average tenure of the management team and the board of directors is 7.3 years and 3.8 years respectively.
Key information
Steve Sanghi
Chief executive officer
US$21.4m
Total compensation
| CEO salary percentage | 1.86% |
| CEO tenure | 1.5yrs |
| CEO ownership | 1.8% |
| Management average tenure | 7.3yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
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.Seeking Alpha • Apr 03
Microchip: Growth Trend Improving After Major Plunge
Summary Microchip's steep 2024-2025 revenue declines were driven by excess customer inventories post-Preferred Supply Program, but distributor inventories are now normalizing. All major product segments: MCU, analog, and FPGA, are showing double-digit YoY growth, with management guiding for 29.8% YoY growth in Q4 FY2026. Gross and net margins are expected to recover as utilization improves, but high leverage remains a key risk limiting acquisition-driven growth. Read the full article on Seeking Alpha
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...Narrative Update • Nov 08
MCHP: Improved Margin Outlook Will Offset Global Semiconductor Policy Shocks
Analysts have reduced their price target for Microchip Technology from $76 to $74.68, citing modestly lower revenue growth forecasts. However, they note an improved profit margin outlook.Narrative Update • Sep 19
Industrial, Automotive, And Edge Computing Trends Will Drive Future Recovery
Analysts have slightly lowered Microchip Technology’s price target to $76.00, citing ongoing gross margin pressures from inventory charges and underutilization despite improved demand trends and mixed sector data. Analyst Commentary Despite improved bookings and demand trends, underutilization charges and inventory write-downs are pressuring gross margins and limiting upside.Narrative Update • Sep 04
Industrial, Automotive, And Edge Computing Trends Will Drive Future Recovery
Analysts maintain a cautious outlook on Microchip Technology, citing near-term demand strength and potential cyclical recovery offset by margin pressures and rich valuations, resulting in an unchanged consensus price target of $76.92. Analyst Commentary Bullish analysts anticipate cyclical recovery in the analog semiconductor sector over the next 12–18 months, seeing valuation upside and robust AI-driven demand, especially for companies with well-managed supply chains.Analysis Article • Aug 11
Microchip Technology (NASDAQ:MCHP) Has Affirmed Its Dividend Of $0.455
Microchip Technology Incorporated's ( NASDAQ:MCHP ) investors are due to receive a payment of $0.455 per share on 5th...Analysis Article • Aug 04
Some Investors May Be Worried About Microchip Technology's (NASDAQ:MCHP) Returns On Capital
If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Analysis Article • Jun 17
At US$68.19, Is It Time To Put Microchip Technology Incorporated (NASDAQ:MCHP) On Your Watch List?
Let's talk about the popular Microchip Technology Incorporated ( NASDAQ:MCHP ). The company's shares received a lot of...Analysis Article • May 28
Microchip Technology Incorporated's (NASDAQ:MCHP) 25% Share Price Surge Not Quite Adding Up
Those holding Microchip Technology Incorporated ( NASDAQ:MCHP ) shares would be relieved that the share price has...Analysis Article • May 12
Microchip Technology (NASDAQ:MCHP) Is Paying Out A Dividend Of $0.455
The board of Microchip Technology Incorporated ( NASDAQ:MCHP ) has announced that it will pay a dividend of $0.455 per...Seeking Alpha • Apr 21
MCHPP: Microchip Technology's 7.5% Mandatory Convertible Preferred Stock IPO
Summary We analyze Microchip Technology's 7.50% Series A Mandatory Convertible Preferred Stock after its IPO, despite it not fitting our typical financial objectives. Convertible securities can offer attractive arbitrage opportunities, making them worth studying, even if they don't align with our usual investment focus. Microchip Technology has a stable 'BBB' credit rating from Fitch. However, OTC bonds are showing some weakness. This investment could appeal to some readers, so we present our findings for you to decide its suitability. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | -US$154m |
| Sep 30 2025 | n/a | n/a | -US$243m |
| Jun 30 2025 | n/a | n/a | -US$178m |
| Mar 31 2025 | US$21m | US$399k | -US$3m |
| Dec 31 2024 | n/a | n/a | US$309m |
| Sep 30 2024 | n/a | n/a | US$782m |
| Jun 30 2024 | n/a | n/a | US$1b |
| Mar 31 2024 | US$4m | US$399k | US$2b |
| Dec 31 2023 | n/a | n/a | US$2b |
| Sep 30 2023 | n/a | n/a | US$3b |
| Jun 30 2023 | n/a | n/a | US$2b |
| Mar 31 2023 | US$9m | US$485k | US$2b |
| Dec 31 2022 | n/a | n/a | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$2b |
| Mar 31 2022 | US$6m | US$485k | US$1b |
| Dec 31 2021 | n/a | n/a | US$964m |
| Sep 30 2021 | n/a | n/a | US$647m |
| Jun 30 2021 | n/a | n/a | US$479m |
| Mar 31 2021 | US$9m | US$702k | US$349m |
| Dec 31 2020 | n/a | n/a | US$333m |
| Sep 30 2020 | n/a | n/a | US$608m |
| Jun 30 2020 | n/a | n/a | US$644m |
| Mar 31 2020 | US$7m | US$811k | US$571m |
Compensation vs Market: Steve's total compensation ($USD21.41M) is above average for companies of similar size in the US market ($USD14.63M).
Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.
CEO
Steve Sanghi (69 yo)
1.5yrs
Tenure
US$21,414,531
Compensation
Mr. Stephen Sanghi, also known as Steve, is Independent Director at Intel Corporation since December 05, 2024. He has been Independent Director at Impinj, Inc. since March 2021 and serves as Chairman of th...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chair of the Board | 1.5yrs | US$21.41m | 1.75% $ 977.8m | |
| Senior Corporate Vice President & CFO | 17.3yrs | US$1.88m | 0.0053% $ 2.9m | |
| Chief Operating Officer | 2.1yrs | US$3.45m | 0.030% $ 16.5m | |
| Senior Corporate Vice President of Operations | 7.3yrs | US$1.46m | 0.0046% $ 2.6m | |
| Senior Corporate Vice President of Worldwide Client Engagement | 4.3yrs | US$1.18m | 0.0026% $ 1.4m | |
| Head of Investor Relations | no data | no data | no data | |
| Senior Corporate Vice President of Global Human Resources | 7.3yrs | no data | no data | |
| Senior Corporate Vice President of Operations | 7.3yrs | no data | no data | |
| Senior Corporate Vice President of Licensing & Memory Products | no data | no data | no data | |
| Senior Corporate Vice President | 7.3yrs | no data | no data | |
| Senior Corporate Vice President of Analog & Discrete | less than a year | no data | no data | |
| VP of Finance & Corporate Controller | 7.9yrs | no data | no data |
7.3yrs
Average Tenure
61yo
Average Age
Experienced Management: MCHP's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chair of the Board | 35.8yrs | US$21.41m | 1.75% $ 977.8m | |
| Lead Independent Director | 29yrs | US$339.44k | 0.0057% $ 3.2m | |
| Independent Director | 2.3yrs | US$114.93k | 0.00043% $ 239.6k | |
| Independent Director | 1yr | no data | 0.00023% $ 128.2k | |
| Independent Director | 2.3yrs | US$297.83k | 0.00070% $ 390.0k | |
| Independent Director | 5.3yrs | US$314.20k | 0.0021% $ 1.1m |
3.8yrs
Average Tenure
67yo
Average Age
Experienced Board: MCHP's board of directors are considered experienced (3.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 07:42 |
| End of Day Share Price | 2026/05/06 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/03/31 |
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 |
| |
| 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 world class team 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 47 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 |
| Thomas O'Malley | Barclays |
| Timothy Luke | Barclays |