Microchip Technology Inc (MCHP)
Information Technology · Semiconductors · US stock · S&P 500 component
$73.85
▼ -0.41 (0.55%)
Fair valueOvervalued
$36 −51.6% to fair value
$18fair band $21–$50$54
Day's range
$72.64 – $76.81
52-week range
$47.28 – $104.75
About Microchip Technology Inc
Microchip Technology designs and makes microcontrollers, analog and mixed-signal chips, programmable logic devices, memory products and related development tools. Its chips are embedded in equipment that needs simple control and connectivity, such as industrial machines, vehicles, aerospace and defense systems, consumer devices and data centre gear. Customers are electronics makers of all sizes, which it reaches through direct sales and distributors. It also earns income from technology licensing.
Revenue came to $5.1 billion over the last twelve months, earned by supplying chips and development tools to equipment makers. Revenue has changed at -17.6% a year across the last three years, a steep decline. The operating margin is 15.5%, the business earns 6% on the capital invested in it, and net debt is 3.5 times EBITDA. The dividend yield is 2.5%. On the site's X-Ray Score it receives 27 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $47.28 – $104.75Volume 18,577,000Daily, split-adjusted
Vitals
Market cap$40.7B
52-week range$47.28 – $104.75
Volume (last day)18,577,000
P/E (TTM)84.4
EBIT / EV yield1.7%
Free-cash-flow yield2.7%
Dividend yield2.5%
Revenue (TTM)$5.1B
Net income (TTM)$478M
Operating margin15.5%
Return on capital5.7%
Debt incl. leases$5.4B
Cash & securities$272M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$36model spread $26 – $36
Overvalued
−51.6% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (1.34x of the last twelve months)
Price $74
Undervalued < $21Fair $21 – $50Overvalued > $50
10-year DCF (market-scaled) · excluded
$7
Peer multiples
$46
Earnings power floor (not blended)
$5
Fundamentals-adjusted multiple
$26
Growth the price implies
35.5%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
30/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield1.7%
Free-cash-flow yield2.7%
Fair value vs price0.5×
Growth
Weak
6/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-17.6%
EPS growth (3y)-62.0%
Growth consistency30%
Profitability
Weak
26/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital5.7%
Operating margin15.5%
Gross profitability21.4%
Financial health
Weak
29/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA3.5×
Interest cover3.7×
Dividends
Fair
60/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.5%
Dividends vs free cash flow90%
Dividend growth12.3%
Quarterly results: last 6 quarters
-26.8%
Mar '25
-13.4%
Jun '25
-2.0%
Sep '25
+15.6%
Dec '25
+35.1%
Mar '26
+38.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.5B, diluted EPS $0.37.
Compare with peers
MU Micron Technology Inc77 FSLR First Solar, Inc.67 NVDA Nvidia Corp65 QCOM Qualcomm Inc57Other Semiconductors companies by X-Ray Score.
Fundamentals checklist
● 0 Good · ● 6 Average · ● 10 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 24/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $6.8B | $8.4B | $7.6B | $4.4B | $4.7B |
| Operating income | $1.8B | $3.1B | $2.6B | $296M | $490M |
| Net income | $1.3B | $2.2B | $1.9B | −$500,000 | $230M |
| Operating cash flow | $2.8B | $3.6B | $2.9B | $898M | $962M |
| Operating margin | 27.1% | 36.9% | 33.7% | 6.7% | 10.4% |
| Free cash flow | $2.5B | $3.1B | $2.6B | $772M | $871M |
| Diluted EPS | $2.27 | $4.02 | $3.48 | $-0.01 | $0.22 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
0 bullish · 4 neutral · 12 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 75.92 | Bearish |
| EMA 10 | 75.01 | Bearish |
| SMA 20 | 76.65 | Bearish |
| EMA 20 | 75.56 | Bearish |
| SMA 50 | 75.65 | Bearish |
| EMA 50 | 76.59 | Bearish |
| SMA 100 | 81.32 | Bearish |
| EMA 100 | 78.07 | Bearish |
| SMA 200 | 78.78 | Bearish |
| EMA 200 | 76.76 | Bearish |
Oscillators (daily)
| RSI (14) | 45.31 | Neutral |
| MACD (12, 26) | -0.45 | Bearish |
| Momentum (12) | -5.04 | Bearish |
| Stochastic %K (14) | 29.99 | Neutral |
| Williams %R (14) | -70.01 | Neutral |
| CCI (20) | -55.07 | Neutral |
Pivot points (classic, last session)
S3 67.89 | S2 70.26 | S1 72.06 | Pivot 74.43 | R1 76.23 | R2 78.60 | R3 80.40 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.82 USD
Yield on today's price
2.46%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 24 Aug 2026 | 0.4550 |
| 22 May 2026 | 0.4550 |
| 23 Feb 2026 | 0.4550 |
| 24 Nov 2025 | 0.4550 |
| 22 Aug 2025 | 0.4550 |
| 22 May 2025 | 0.4550 |
| 24 Feb 2025 | 0.4550 |
| 22 Nov 2024 | 0.4550 |
| 22 Aug 2024 | 0.4540 |
| 21 May 2024 | 0.4520 |
| 22 Feb 2024 | 0.4500 |
| 21 Nov 2023 | 0.4390 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MCHP SEC filings
19 Aug 2026
8-KSEC EDGAR
Director or officer change; Shareholder vote results
6 Aug 2026
10-QSEC EDGAR
Quarterly report
6 Aug 2026
8-KSEC EDGAR
Results of operations
24 Jul 2026
8-KSEC EDGAR
Director or officer change
6 Jul 2026
DEF 14ASEC EDGAR
Proxy statement
1 Jun 2026
8-KSEC EDGAR
Director or officer change
21 May 2026
10-KSEC EDGAR
Annual report
7 May 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.