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Screener / SEC EDGAR /CIK 0000827054 /10-K filed May 21, 2026, compared with May 23, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
MCHPCIENTWLOGENGDDYCRWD
Nasdaq Technology · Semiconductors

Microchip Technology MCHP

MCHP quote by TradingView

We develop, manufacture and sell smart, connected and secure embedded control solutions used by our customers for a wide variety of applications. 10-K, Item 1

Employees
17,900
Headquarters
Chandler, AZ
CEO
Steve Sanghi
Next results
around Jan 4, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $4.7B through the costs to a net profit of $230.0M · income statement of the 10-K

10% operating margin
Revenue to Gross profit: $2.7BRevenue to Cost of revenue: $2.0BGross profit to Operating profit: $490.1MGross profit to Operating expenses: $2.2BOperating profit to Net profit: $230.0MOperating profit to Tax & other: $260.1MOperating expenses to R&D: $1.1BOperating expenses to Sales, admin & other: $1.1B Revenue: $4.7B REVENUE $4.7B +7% Y/Y Gross profit: $2.7B · 58% margin GROSS PROFIT $2.7B 58% margin · +10% Y/Y Cost of revenue: $2.0B · 42% of revenue COST OF REVENUE $2.0B 42% of revenue Operating profit: $490.1M · 10% margin OPERATING PROFIT $490.1M 10% margin · +65% Y/Y Operating expenses: $2.2B · 47% of revenue OPERATING EXPENSES $2.2B 47% of revenue Net profit: $230.0M · 5% margin NET PROFIT $230.0M 5% margin Tax & other: $260.1M · 6% of revenue TAX & OTHER $260.1M 6% of revenue R&D: $1.1B · 23% of revenue R&D $1.1B 23% of revenue Sales, admin & other: $1.1B · 24% of revenue SALES, ADMIN & OTHER $1.1B 24% of revenue
Gross profit $2.7B 58% margin · +10% Y/Y
Operating profit $490.1M 10% margin · +65% Y/Y
Net profit $230.0M 5% margin
The full income statement, year by year

MCHP among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 7.1%, above 20% of 74 peers (their median 14.1%) REVENUE GROWTH 7.1% · above 20% Gross margin: 62.7%, above 57% of 67 peers (their median 56.4%) GROSS MARGIN 62.7% · above 57% Operating margin: 20.9%, above 49% of 70 peers (their median 23.8%) OPERATING MARGIN 20.9% · above 49% Net margin: 15.0%, above 39% of 74 peers (their median 19.2%) NET MARGIN 15.0% · above 39% FCF margin: 26.0%, above 56% of 70 peers (their median 22.3%) FCF MARGIN 26.0% · above 56% Return on capital: 3.4%, above 13% of 61 peers (their median 12.7%) RETURN ON CAPITAL 3.4% · above 13%
MCHP Peer median Below the median

What changed

42 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed May 21, 2026 against May 23, 2025.

Risk factors
42 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +29.7% vs revenue +7.1% (+22.6 pts)
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +29.7% vs revenue +7.1% (+22.6 pts)
  • Cash from operations $962.1M vs net income $230.0M (FY ending Mar 31, 2026)
9 more checks with nothing to note
  • Inventory -20.0% vs revenue +7.1% (-27.0 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: F-1; Unrecognized tax benefits
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

42 paragraphs in Risk Factors that were not in the 10-K filed May 23, 2025. Quoted as filed.

All 42 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed May 23, 2025 10-K, ITEM 1A
    Our manufacturing operations require a continuous supply of raw and processed materials, components, and production equipment that must meet stringent performance and quality standards. Although we generally maintain multiple sources for these items, only a limited number of suppliers may be capable of meeting our technical…
  2. Item 1A · new paragraph · not in the 10-K filed May 23, 2025 10-K, ITEM 1A
    Tariffs and trade restrictions also affect our customers. If customers face reduced availability of labor, materials, or components, whether due to trade restrictions, supplier disruptions, escalating shipping constraints, or public health issues, they may reduce or suspend production of their own products, leading to decreased demand…
  3. Item 1A · new paragraph · not in the 10-K filed May 23, 2025 10-K, ITEM 1A
    China is a predominant producer of many rare earth materials essential to the global electronics industry. In 2025, China imposed and later expanded export restrictions and licensing requirements on certain rare earth elements and related magnets. Although some restrictions were subsequently suspended for certain U.S. end‑users, future…
  4. Item 1A · new paragraph · not in the 10-K filed May 23, 2025 10-K, ITEM 1A
    Having a strong position in the Chinese market is a key component of our global growth strategy. Although our sales in

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2017 to FY2026

Revenue, net income and free cash flow, each set to 100 in FY2017. What happened, from the 10-Ks. Not a forecast.

FY2017 = 100
100 200 300 Revenue: $3.4B in FY2017, $4.7B in FY2026 REVENUE $4.7B · 1.4x Free cash flow: $1.0B in FY2017, $871.0M in FY2026 FREE CASH FLOW $871.0M · 0.8x FY2017 = 100FY2022FY2026
Revenue 1.4x $3.4B to $4.7B
Free cash flow 0.8x $1.0B to $871.0M

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$8.4B$7.6B$4.4B$4.7B
Net income$2.2B$1.9B−$500K$230.0M
Operating cash flow$3.6B$2.9B$898.1M$962.1M
Free cash flow$3.1B$2.6B$772.1M$871.0M

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$4.7B ▲ 7.1% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Microchip Technology, Chandler, AZ · from the 10-K filed May 21, 2026

We develop, manufacture and sell smart, connected and secure embedded control solutions used by our customers for a wide variety of applications. With over 35 years of technology leadership, our broad product portfolio offers a Total System Solution for our customers that can provide a large portion of the silicon requirements in their applications. TSS is a combination of hardware, software and services which help our customers increase their revenue, reduce their costs and manage their risks compared to other solutions. Our strategic focus includes general purpose and specialized mixed-signal microcontrollers, microprocessors, analog, FPGA, data center, networking, and memory products.

Headquarters
Chandler, AZ
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
March 31
Last results
Nov 5, 2026
Incorporated in
DE

Employees, at the top of the page: "We invest in our highly-skilled global workforce of approximately 17,900 people in accordance with our Guiding Value: employees are our greatest strength" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed May 21, 2026 (open at SEC), compared with the 10-K filed May 23, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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