Microcontrollers, analog and embedded systems. TickerStar monitors official filings, investor releases, earnings, and call updates for Microchip Technology. Subscribe to MCHP alerts to receive concise, source-linked alerts when TickerStar detects a meaningful company update.
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MCHP filed its 10-K; the most relevant disclosure change is expanded Customer concentration: Arrow Electronics accounted for 12% of net sales in FY2026, increasing from 10% in FY2025, representing the only distributor or direct customer exceeding 10% of net sales. Customer concentration: Arrow Electronics represented 12% of net_sales.
Subscribe to read moreMCHP beat prior Q4 FY2026 Net sales guidance by +$51.0M. For the June 2026 quarter, the company guided net sales of $1.442 to $1.469 billion, non-GAAP EPS of $0.67 to $0.71, and non-GAAP gross margin of 62.25% to 63.25%.
Subscribe to read moreMicrochip Technology Incorporated issued $900 million aggregate principal amount of 0% Convertible Senior Notes due 2030 in a private placement to qualified institutional buyers pursuant to Rule 144A. The offering consisted of $800 million initial notes plus $100 million additional notes pursuant to the exercise of the initial purchasers' option. The notes are convertible at an initial conversion rate of 9.5993 shares of common stock per $1,000 principal amount, equivalent to an initial conversion price of appro...
Subscribe to read moreMCHP filed its 10-Q; the most relevant disclosure change is reduced Tax contingencies: Gross unrecognized tax benefits decreased to $694.9 million from $821.2 million at March 31, 2025, primarily due to settlements with tax authorities. The company reached an IRS settlement for fiscal years 2007 through 2015. Malaysian IRB assessment for fiscal . Customer concentration: Arrow Electronics represented 12% of net_sales.
Subscribe to read moreMCHP beat prior Q3 FY2026 Net sales guidance by +$56.0M. Microchip Technology reported Q3 FY2026 net sales of approximately $1,185 million for the quarter ended December 31, 2025, beating its original guidance range of $1,109 million to $1,149 million by approximately 4.96% versus the midpoint of $1,129 million. The company noted a broad-based recovery across most end markets, strong bookings activity in the December quarter, and substantial progress on its nine-point recovery plan. Microchip will announce full...
Subscribe to read moreMCHP filed its 10-Q; the most relevant disclosure change is added Income taxes - IRS settlement: In September 2025, the company reached a settlement with the IRS for fiscal years 2007 through 2015, resolving transfer pricing disputes that had been contested since 2021. Customer concentration: Arrow Electronics represented 11% of net_sales.
Subscribe to read moreMCHP beat prior Q2 FY2026 Net sales guidance by +$10.0M. Non-GAAP EPS of $0.35 beat the guidance range of $0.30 to $0.36, while GAAP EPS of $0.03 per diluted share compared to the guided loss of $0.04 to $0.01. The company introduced Q3 FY2026 guidance for net sales of $1.109 to $1.149 billion with non-GAAP EPS of $0.34 to $0.40.
Subscribe to read moreMCHP filed its 10-Q; the most relevant disclosure change is added Series A Mandatory Convertible Preferred Stock: In March 2025, the company issued 29.7 million Depositary Shares representing approximately 1.5 million shares of Series A Preferred Stock with $1.45 billion in net proceeds. The preferred stock has a $1,000 per share liquidation preference and 7.50% annual di. Customer concentration: Arrow Electronics represented 11% of net_sales.
Subscribe to read moreMicrochip Technology reported Q1 FY2026 net sales of $1.0755 billion, beating the prior guidance midpoint of $1.045 billion by approximately $30.5 million or 2.9%, with sequential growth of 10.8% from the March quarter. Non-GAAP EPS of $0.27 beat the prior guidance midpoint of $0.22 by $0.05 per share, while GAAP loss per share of $(0.09) was narrower than the guided loss range midpoint of $(0.11). The company guided Q2 FY2026 net sales of $1.110 to $1.150 billion (midpoint $1.130 billion), representing approxim...
Subscribe to read moreMCHP filed its 10-K; the most relevant disclosure change is added Leadership changes: Steve Sanghi appointed as Executive Chair of the Board, Chief Executive Officer and President in November 2024, succeeding Ganesh Moorthy who retired. Customer concentration: Arrow Electronics represented 10% of net_sales.
Subscribe to read moreMicrochip Technology reported Q4 FY2025 revenue of $970.5 million, which beat the prior guidance midpoint of $960.0 million by $10.5 million or 1.1%, though revenue declined 26.8% year-over-year from $1.33 billion. Non-GAAP EPS of $0.11 was in line with the prior guidance midpoint of $0.10, while GAAP EPS of $(0.29) missed the prior guidance midpoint of $(0.19) by $0.10 due to restructuring charges and preferred stock dividend not included in the original guidance. The company guided Q1 FY2026 net sales of $1.02...
Subscribe to read moreMicrochip Technology Incorporated completed a $1.49 billion depositary shares offering (including over-allotment), with each depositary share representing a 1/20th interest in 7.50% Series A Mandatory Convertible Preferred Stock with $1,000 liquidation preference; the company entered into capped call transactions with a $71.40 cap price to hedge potential dilution, and intends to use approximately $50.1 million of proceeds for the capped calls and the remainder to repay existing debt including commercial paper.
Subscribe to read moreMicrochip Technology announced additional restructuring actions to reduce costs and resize its manufacturing operations. The Company is accelerating the closure of its Fab 2 wafer fabrication facility in Tempe, Arizona to May 2025, several months earlier than previously expected, and is reducing headcount at Fab 4 in Gresham, Oregon, Fab 5 in Colorado Springs, Colorado, and its backend manufacturing facility in the Philippines along with various business units and support groups. The total headcount reduction wi...
Subscribe to read moreRobert A. Rango retired from the Board of Directors of Microchip Technology Incorporated effective February 19, 2025. The departure is disclosed under Item 5.02 of Form 8-K, which covers departures of directors and certain officers. The Company thanked Mr. Rango for his service on the Board and his contributions to the Company.
Subscribe to read moreMCHP filed its 10-Q; the most relevant disclosure change is expanded Debt: Issued $1.0 billion 4.900% 2028 Notes and $1.0 billion 5.050% 2030 Notes in December 2024; settled 2025 Term Loan Facility ($750.0 million) and 2020 Senior Convertible Debt ($665.5 million). Customer concentration: Arrow Electronics represented 10% of net_sales.
Subscribe to read moreMicrochip Technology reported Q3 FY2025 results with net sales of $1.026 billion, down 41.9% year-over-year, which was in line with updated guidance of $1.025 billion. Non-GAAP EPS of $0.20 missed the prior updated guidance of $0.25 per diluted share by $0.05, while GAAP loss per share of $0.10 missed the prior GAAP EPS guidance range of $(0.04) to $0.03. The company declared a quarterly dividend of 45.5 cents per share, up 1.1% year-over-year. For Q4 FY2025, the company guides net sales of $920 million to $1.00...
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