Microchip Technology Incorporated (MCHP)

NASDAQ: MCHP · USD

$79.7

-0.50 (-0.6%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-21

Our latest published analysis: MCHP rated Sell

Microchip Technology Incorporated's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$51.8 / share

Potential value

$68.4 / share

Upside to FV

-31.6%

from $79.7

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$41.2B
Revenue (ttm)	5.1B
Net income (ttm)	367.2M
EPS (ttm)	$0.68
Shares out	543M
P/E (trailing)	117.4x
P/E (forward)	20.5x
Dividend	$1.82 (2.30%)
Volume	6,184,831
Beta	1.76

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 5.1B
Net income (ttm): 367.2M
EPS (ttm): $0.68
P/E (trailing): 117.4x
P/E (forward): 20.5x
Market cap: $41.2B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31	Trend
Revenue	$6.82B	$8.44B	$7.63B	$4.40B	$4.71B	-8.8%
Gross profit	$4.45B	$5.70B	$5.00B	$2.47B	$2.72B	-11.6%
Operating income	$1.85B	$3.12B	$2.57B	$296.3M	$490.1M	-28.3%
Net income	$1.29B	$2.24B	$1.91B	$-500.0K	$230.0M	-35.0%
EPS (diluted)	$2.27	$4.02	$3.48	$-0.01	$0.22	-44.2%
EBITDA	$2.87B	$4.10B	$3.44B	$1.04B	$1.40B	-16.4%
R&D	$989.1M	$1.12B	$1.10B	$983.8M	$1.09B	+2.4%
SG&A	$718.9M	$797.7M	$734.2M	$617.7M	$674.3M	-1.6%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	매도
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	비중 축소
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	매도

Base and Bull scenarios

Bull20%

Price target

$68.41

-9.8% from spot

In the bull scenario, industrial automation and automotive demand experience a synchronized cyclical rebound, while data center AI connectivity design wins ramp faster than planned. Book-to-bill sustains comfortably above 1.1x, enabling fab utilization to exceed 85% and driving operating margins toward 38%. Under these conditions, FY2028 revenue accelerates beyond $8.39B and diluted EPS reaches the upper analyst consensus range of $5.44,.

Synchronized industrial and automotive demand rebound
PCIe Gen Six and data center connectivity design wins scaling rapidly
Operating margins expanding to peak historical cycle levels by FY2031
Fab utilization reaching high levels with underutilization charges fully eliminated

Base60%

Price target

$51.84

-31.7% from spot

The base scenario reflects the house forecast schedule where net sales recover +35.6% in FY2027 to $6,391.0M and +16.1% in FY2028 to $7,419.9M, tracking analyst consensus estimates,. Operating margins expand from 10.40% in FY2026 to 25.0% in FY2027 and 32.5% in FY2028, yielding diluted EPS of $3.65 and $4.58 respectively,. Capital reinvestment is maintained at 12% of NOPAT based on capex guidance of $100M and long-term tax rate remains at 19.04%.

Robust revenue recovery across FY2027 and sustained double-digit expansion in FY2028
Operating margin expanding steadily in FY2027 and normalizing higher in FY2028
Disciplined reinvestment rate relative to NOPAT with moderate annual capital expenditures
Normalized effective tax rate applied across the forecast horizon
Terminal valuation multiple reflecting peer median with steady perpetual growth

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($51.84). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.5%	2.8%	3.0%	3.3%	3.5%
10.8%	$55.3	$56.1	$57.0	$57.9	$58.9
11.3%	$52.9	$53.5	$54.3	$55.1	$55.9
11.8%	$50.6	$51.2	$51.8	$52.5	$53.2
12.3%	$48.6	$49.1	$49.6	$50.2	$50.9
12.8%	$46.7	$47.1	$47.6	$48.2	$48.7

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E20.5

P25 n/aP50 n/aP75 n/a

Trailing P/E111.5

P25 n/aP50 n/aP75 n/a

ROE7.2

P25 n/aP50 n/aP75 n/a

ROIC5.9

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MCHP indicators

Market & fundamental data

Available fields

288

Groups with data

Currency

USD

Showing 288 of 288 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000827054
Company name	Microchip Technology Incorporated
Country	United States
Country code	US
CUSIP number	595017104
Earnings date	2026-11-05
Earnings time	amc
Employees	17,900
Employees change	-1,500
Employees growth	-7.73%
Enterprise value	$48.4B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	March
Founded	1989
In index	SP500, NASDAQ100
Industry	Semiconductors
IPO date	1993-03-19
Is primary listing	Yes
Is SPAC	No
ISIN number	US5950171042
Last 10-K release date	2026-05-21
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split date	2021-10-13
Last stock split type	Forward
Market cap	$43.3B
Market cap category	Large-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$79.67
Price currency	USD
Sector	Technology
SIC code	3674
Stock price date	2026-10-28
Symbol	MCHP
U.S. state	Arizona
Website	https://www.microchip.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	37.58x
Average P/E ratio (10Y)	89.38x
Average P/E ratio (3Y)	85.33x
Average P/E ratio (5Y)	58.06x
Earnings yield	0.85%
EV/Earnings	131.35x
EV/EBIT	58.03x
EV/EBITDA	32.02x
EV/FCF	43.42x
EV/Sales	9.42x
FCF / EV yield	2.3%
FCF yield	2.58%
Forward EV/Sales	7.2x
Forward P/E	19.96x
Forward P/S	6.43x
Graham number	13.46678
Graham upside	-83.04%
Industry forward P/E	13.85x
Industry P/E	26.18x
Lynch fair value	$3.39
Lynch upside	-95.73%
P/(FCF - SBC) ratio	51.72x
P/(OCF - SBC) ratio	46.83x
P/B ratio	6.75x
P/E ratio	117.43x
P/FCF ratio	38.8x
P/OCF ratio	35.98x
P/S ratio	8.41x
PEG ratio	0.45x
Price/EBITDA ratio	28.62x
Sector forward P/E	18.86x
Sector P/E	32.77x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	16.23%
EBITDA margin	29.4%
Effective tax rate	17.4%
FCF margin	21.69%
Gross margin	60.19%
Operating margin	16.23%
Pretax margin	11.31%
Profit margin	9.34%
Profit per employee	$20,514
Profitable quarters	4
Profitable years	1
Revenue per employee	$286,162
ROA	3.54%
ROA (5Y)	6.56%
ROCE	6.34%
ROE	7.19%
ROE (5Y)	18.26%
ROIC	5.87%
ROIC (5Y)	9.99%
SBC / revenue	5.42%
Tax / revenue	1.97%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth (QoQ)	72.47%
EPS growth 10Y	13.85%
EPS growth 3Y	-46.09%
EPS growth 5Y	-4.88%
EPS growth quarters	3
EPS growth years	1
FCF growth	53.1%
FCF growth (Q)	93.09%
FCF growth (QoQ)	104.94%
FCF growth 3Y	-30.42%
FCF growth 5Y	-9.94%
Gross profit growth	33.61%
Gross profit growth (Q)	62.81%
Gross profit growth 3Y	-19.66%
Gross profit growth 5Y	-2.99%
Net income growth (QoQ)	73.54%
Net income growth 3Y	-46.49%
Net income growth 5Y	-5.16%
Net income growth quarters	3
Net income growth years	1
OCF growth	50.39%
OCF growth (Q)	85.6%
OCF growth (QoQ)	99.03%
OCF growth 10Y	4.29%
OCF growth 3Y	-31.78%
OCF growth 5Y	-10.14%
Operating income growth	299.42%
Operating income growth (Q)	555.06%
Operating income growth 3Y	-37.05%
Operating income growth 5Y	-6.46%
Revenue growth	20.93%
Revenue growth (Q)	38.05%
Revenue growth (QoQ)	13.23%
Revenue growth 10Y	7.7%
Revenue growth 3Y	-16.39%
Revenue growth 5Y	-2.11%
Revenue growth quarters	3
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-87.1M
Depreciation and amortization	$674.9M
EBIT	$831.2M
EBITDA	$1.5B
EPS	$0.68
FCF per share	$2.05
Financing cash flow	$-1.3B
Free cash flow	$1.1B
Free cash flow minus SBC	$833.4M
Gross profit	$3.1B
Income taxes	$100.8M
Investing cash flow	$-210.6M
Net borrowing	$-91.4M
Net cash flow	$-294.2M
Net income	$367.2M
Operating cash flow minus SBC	$920.5M
Operating income	$831.2M
Revenue	$5.1B
Stock-based compensation	$277.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	4.07
Book value per share	$11.88
Debt / EBITDA	3.44
Debt / equity	0.84
Debt / FCF	4.86
Goodwill	$6.7B
Interest coverage	3.91
Long-term assets	$11.9B
Long-term liabilities	$6.7B
Net cash (debt)	$-5.1B
Net cash / market cap	-11.89%
Net debt / EBITDA	3.4
Net debt / equity	0.79
Net debt / FCF	4.61
Piotroski F-Score	7
Property, plant and equipment	$1.1B
Shareholders' equity	$6.5B
Tangible book value	$-2.2B
Tangible book value per share	$-4.14
Total assets	$14.4B
Total cash	$272.3M
Total debt	$5.4B
Total liabilities	$8B
WACC	12.74%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.35
Current assets	$2.5B
Current liabilities	$1.3B
Current ratio	1.92
Inventory turnover	1.84
Net working capital	$956.9M
Quick ratio	0.96
Working capital	$1.2B
Working capital turnover	3.72

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-1.88%
Dividend growth	0%
Dividend growth (10Y)	9.74%
Dividend growth (3Y)	7.16%
Dividend growth (5Y)	17.74%
Dividend growth years	14
Dividend payment date	2026-09-09
Dividend payment years	25
Dividend payout frequency	Quarterly
Dividend per share	$1.82
Dividend yield	2.3%
Ex-dividend date	2026-08-24
FCF payout ratio	88.96%
Last dividend	$0.46
Payout ratio	268.25%
Shareholder yield	0.42%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	162.06%
10Y return CAGR	12.21%
10Y total return	216.53%
150-day SMA	$81.99
15Y price change	335.04%
15Y return CAGR	12.98%
15Y total return	523.87%
1D price change	-0.62%
1M price change	0.51%
1M total return	0.51%
1W price change	4.27%
1W total return	4.27%
1Y price change	22.53%
1Y return CAGR	25.75%
1Y total return	25.73%
20-day SMA	$76.51
200-day SMA	$79.66
20Y price change	388.06%
20Y return CAGR	11.44%
20Y total return	773.31%
3M price change	1.53%
3M total return	2.14%
3Y price change	9.45%
3Y return CAGR	5.69%
3Y total return	18.05%
50-day SMA	$75.14
50-day SMA vs 200-day SMA	50under200
52-week high	$105.91
52-week high date	2026-05-08
52-week low	$48.52
52-week low date	2025-11-21
5Y price change	9.29%
5Y return CAGR	4.04%
5Y total return	21.89%
6M price change	-8.92%
6M total return	-7.92%
All-time high	$105.91
All-time high date	2026-05-08
All-time low	$0.31
All-time low date	1993-03-22
Average true range (ATR)	$3.02
Average volume	9.7M
Beta (1Y)	2.41
Beta (2Y)	2.08
Beta (5Y)	1.76
Change from 52-week high	-24.78%
Change from 52-week low	64.2%
Change from all-time high	-25.32%
Change from all-time low	25,412.9%
Change from open	-0.04%
Day's gap	-0.59%
Dollar volume	$492.7M
High price	$80.04
Low price	$78.06
Monthly RSI	52.85
Open price	$79.70
Position in 52-week range	81.31%
Premarket change	-0.85%
Premarket close	$80.17
Premarket price	$79.49
Premarket volume	22.5K
Previous close	$80.17
Price vs 150-day SMA	-3.53%
Price vs 20-day SMA	3.37%
Price vs 200-day SMA	-0.71%
Price vs 50-day SMA	5.26%
Relative volume	0.64
RSI	56.98
Sharpe ratio	0.62
Sharpe ratio (3Y)	0.25
Sharpe ratio (5Y)	0.21
Sortino ratio	1.14
Sortino ratio (3Y)	0.51
Sortino ratio (5Y)	0.45
Volume	6.2M
Weekly RSI	51.26
YTD price change	24.12%
YTD total return	26.23%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	532.7M
Float percentage	98.11%
Shares change (QoQ)	0.47%
Shares change (YoY)	1.88%
Shares held by insiders	1.79%
Shares held by institutions	101.86%
Shares outstanding	543M
Short % of float	6.26%
Short % of shares	6.14%
Short ratio	4 days

Deeper analysis on MCHP

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MCHP report

What is the latest published MCHP stock rating?

Microchip Technology Incorporated is shown with Sell in the latest published report, analyzed 2026-10-21. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MCHP analysis?

The full latest published report, analyzed 2026-10-21, lives at /stocks/MCHP/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MCHP?

The latest published report analyzed 2026-10-21 gives MCHP a fair value of USD 52 and a potential value of USD 68. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MCHP page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-21). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellMCHP · Fair value $51.8-31.6%

Read full analysis →

Microchip Technology Incorporated (MCHP)

Our latest published analysis: MCHP rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · MCHP

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MCHP indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on MCHP

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	1.5
Management	8.5
Balance Sheet	6.0
Profitability	5.0
Revenue Growth	9.0
Risk Assessment	5.5
Competitive Moat	7.5
Earnings Quality	7.5
Capital Efficiency	3.5