Share count +1.5% in a year
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 1 convertible offering, 1 shelf registration; also 1 debt shelf, 1 resale by holders.
- Mar 21, 2025 Convertible preferred stock: 27.0M shares 424B5
- Mar 19, 2025 Shelf registration: shares and other securities, amount not fixed S-3ASR
Every offering filing →“We are offering 27,000,000 depositary shares (“Depositary Shares”), each of which represents a 1/20th interest in a share of our 7.50% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (“Mandatory Convertible Preferred Stock”).”
424B5, Mar 21, 2025 ↗
Diluted shares: 545.20M in the year to Mar 31, 2026 2026 +1.5%2025 -2.0%2024 -1.7%2023 -1.5%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How
Where the cash came from and where it went
FY2026, from the cash flow statement in the 10-K, added up.
Came from
| Operating cash flow | $962.1M |
| Shares sold | $61.7M |
| Cash on hand used | $531.4M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$719.9M |
Went to
| Capital spending | $91.1M |
| Dividends | $984.0M |
| Debt repaid | $1.2B |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
What the 10-Ks show for each CEO's years
The CEO of each fiscal year as named in the proxy's pay versus performance table, and what the 10-Ks show for those years.
Steve Sanghi
- Operating cash flow
- $1.9B
- Capital spending
- $217.1M
- Buybacks
- $96.5M
- Dividends
- $2.0B
- Stock-based pay
- $435.8M
- Diluted shares since FY2024
- -0.5%
- Revenue since FY2024
- -38%
- Debt since FY2024
- -$503.4M
- CEO pay (reported)
- $67.4M
Ganesh Moorthy
- Operating cash flow
- $9.4B
- Capital spending
- $1.1B
- Buybacks
- $2.4B
- Dividends
- $911.5M
- Stock-based pay
- $558.1M
- Diluted shares since FY2021
- +1.3%
- Revenue since FY2021
- +40%
- Debt since FY2021
- -$2.9B
- CEO pay (reported)
- $34.9M
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2026-03-31 | $0 | $984.0M | $255.4M | $61.7M | 545.20M |
| 2025-03-31 | $96.5M | $975.7M | $180.4M | $65.4M | 537.30M |
| 2024-03-31 | $982.1M | $911.5M | $177.5M | $82.1M | 548.00M |
| 2023-03-31 | $945.8M | $695.3M | $170.4M | $82.3M | 557.30M |
| 2022-03-31 | $425.6M | $503.8M | $210.2M | $70.5M | 565.90M |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromIssuanceOfCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.
What it paid for each share it bought back
What MCHP paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.
| Fiscal year to | Shares bought | Spent | Average price | |
|---|---|---|---|---|
| 2025-03-31 | 1.00M | $89.6M | $89.60 | |
| 2024-03-31 | 11.90M | $988.9M | $83.10 | |
| 2023-03-31 | 12.90M | $945.9M | $73.33 | |
| 2022-03-31 | 5.60M | $425.6M | $76.00 | |
| 2016-03-31 | 17.20M | $363.8M | $21.15 |
Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out.