Microchip Technology Past Earnings Performance
Past criteria checks 0/6
Microchip Technology's earnings have been declining at an average annual rate of -11.9%, while the Semiconductor industry saw earnings growing at 5.8% annually. Revenues have been declining at an average rate of 5% per year.
Key information
-11.90%
Earnings growth rate
-11.94%
EPS growth rate
| Semiconductor Industry Growth | 27.66% |
| Revenue growth rate | -4.95% |
| Return on equity | -1.05% |
| Net Margin | -3.53% |
| Next Earnings Update | 07 May 2026 |
Recent past performance updates
Recent updates
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.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.Microchip: Growth Trend Improving After Major Plunge
Apr 03
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.
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.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.Microchip Technology's (NASDAQ:MCHP) Dividend Will Be $0.455
Feb 10
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.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.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.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.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.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.Some Microchip Technology Incorporated (NASDAQ:MCHP) Shareholders Look For Exit As Shares Take 27% Pounding
Nov 21Microchip Technology (NASDAQ:MCHP) Has Affirmed Its Dividend Of $0.455
Nov 12MCHP: 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.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.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.Microchip Technology (NASDAQ:MCHP) Has Affirmed Its Dividend Of $0.455
Aug 11
Some Investors May Be Worried About Microchip Technology's (NASDAQ:MCHP) Returns On Capital
Aug 04At US$68.19, Is It Time To Put Microchip Technology Incorporated (NASDAQ:MCHP) On Your Watch List?
Jun 17Microchip Technology Incorporated's (NASDAQ:MCHP) 25% Share Price Surge Not Quite Adding Up
May 28Microchip Technology (NASDAQ:MCHP) Is Paying Out A Dividend Of $0.455
May 12MCHPP: Microchip Technology's 7.5% Mandatory Convertible Preferred Stock IPO
Apr 21Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Microchip Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 4,372 | -154 | 652 | 1,047 |
| 30 Sep 25 | 4,212 | -243 | 642 | 1,019 |
| 30 Jun 25 | 4,236 | -178 | 627 | 998 |
| 31 Mar 25 | 4,402 | -3 | 618 | 984 |
| 31 Dec 24 | 4,757 | 309 | 628 | 969 |
| 30 Sep 24 | 5,497 | 782 | 642 | 989 |
| 30 Jun 24 | 6,587 | 1,370 | 681 | 1,041 |
| 31 Mar 24 | 7,634 | 1,907 | 734 | 1,097 |
| 31 Dec 23 | 8,541 | 2,356 | 776 | 1,155 |
| 30 Sep 23 | 8,945 | 2,517 | 807 | 1,172 |
| 30 Jun 23 | 8,764 | 2,397 | 812 | 1,148 |
| 31 Mar 23 | 8,439 | 2,238 | 798 | 1,118 |
| 31 Dec 22 | 8,050 | 2,072 | 780 | 1,079 |
| 30 Sep 22 | 7,639 | 1,844 | 756 | 1,042 |
| 30 Jun 22 | 7,215 | 1,540 | 734 | 1,020 |
| 31 Mar 22 | 6,821 | 1,286 | 719 | 989 |
| 31 Dec 21 | 6,444 | 964 | 698 | 959 |
| 30 Sep 21 | 6,038 | 647 | 673 | 923 |
| 30 Jun 21 | 5,698 | 479 | 638 | 877 |
| 31 Mar 21 | 5,438 | 349 | 610 | 836 |
| 31 Dec 20 | 5,298 | 333 | 611 | 830 |
| 30 Sep 20 | 5,233 | 608 | 628 | 837 |
| 30 Jun 20 | 5,261 | 644 | 655 | 857 |
| 31 Mar 20 | 5,274 | 571 | 677 | 878 |
| 31 Dec 19 | 5,278 | 645 | 680 | 871 |
| 30 Sep 19 | 5,365 | 384 | 683 | 871 |
| 30 Jun 19 | 5,460 | 371 | 688 | 874 |
| 31 Mar 19 | 5,350 | 356 | 683 | 826 |
| 31 Dec 18 | 5,022 | 328 | 631 | 745 |
| 30 Sep 18 | 4,641 | 28 | 566 | 659 |
| 30 Jun 18 | 4,221 | 121 | 504 | 571 |
| 31 Mar 18 | 3,981 | 255 | 454 | 529 |
| 31 Dec 17 | 3,881 | 246 | 450 | 523 |
| 30 Sep 17 | 3,721 | 604 | 452 | 524 |
| 30 Jun 17 | 3,580 | 450 | 457 | 528 |
| 31 Mar 17 | 3,408 | 171 | 501 | 545 |
| 31 Dec 16 | 3,063 | 101 | 467 | 514 |
| 30 Sep 16 | 2,769 | 55 | 432 | 478 |
| 30 Jun 16 | 2,439 | 84 | 392 | 436 |
| 31 Mar 16 | 2,173 | 324 | 302 | 373 |
| 31 Dec 15 | 2,159 | 356 | 291 | 365 |
| 30 Sep 15 | 2,147 | 381 | 282 | 356 |
| 30 Jun 15 | 2,152 | 410 | 272 | 350 |
Quality Earnings: MCHP is currently unprofitable.
Growing Profit Margin: MCHP is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MCHP is unprofitable, and losses have increased over the past 5 years at a rate of 11.9% per year.
Accelerating Growth: Unable to compare MCHP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MCHP is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (10.2%).
Return on Equity
High ROE: MCHP has a negative Return on Equity (-1.05%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 01:38 |
| 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 |
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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
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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 |