MCHPMICROCHIP TECHNOLOGY INC
Semiconductors & Related Devices
- Revenue
- $4.7B
- 7.1% YoY
- Operating margin
- 10.4%
- 54% YoY
- EBITDA
- $1.2B
- 13% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 4.3×
- $5.1B net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear418% of net incomeCash flow under 80% of net income
- Dilutive SBCClear5% of revenueOver 10% of revenue
- Payouts exceed cash flowFired102% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired46% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.8B | $8.4B | $7.6B | $4.4B | $4.7B | 7.1% |
| Operating income | $1.8B | $3.1B | $2.6B | $296M | $490M | 65% |
| Net income | $1.3B | $2.2B | $1.9B | −$500K | $230M | 46100% |
| Operating cash flow | $2.8B | $3.6B | $2.9B | $898M | $962M | 7.1% |
| Capex | $370M | $486M | $285M | $126M | $91M | 28% |
| Stock-based comp | $210M | $170M | $178M | $180M | $255M | 42% |
| Buybacks | $426M | $946M | $982M | $97M | $0 | 100% |
| Dividends | — | — | $912M | $976M | $984M | 0.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 92 | 257 |
| FY2025 | — | — | 67 | 143 |
| FY2024 | — | — | 122 | 163 |
| FY2023 | — | — | 111 | 106 |
| FY2022 | — | — | 98 | 111 |