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Earnings transcript
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MCHP
Microchip Technology Incorporated
$74.05
-0.47
(-0.63%)
| Exchange: | NASDAQ |
| Market Cap: | 40.21B |
| Shares Outstanding: | 209.895M |
Delayed data
About The Company
| Sector: | TechnologyView sector performance | |||||
| Industry: | SemiconductorsView industry performance | |||||
| CEO: | Steve Sanghi | |||||
| Full Time Employees: | 17900 | |||||
| Address: |
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| Website: | https://www.microchip.com |
Microchip Technology Incorporated creates, produces, and sells intelligent, interconnected, and secure embedded control solutions to customers throughout the Americas, Europe, and Asia. The company’s core offerings include a range of microcontrollers, such as general-purpose 8-bit, 16-bit, and 32-bit models, as well as 32-bit embedded microprocessors. These specialized microcontrollers are designed for numerous applications across industries like automotive, industrial, computing, communications, lighting, power supplies, motor control, human-machine interfaces, security, and various wired and wireless connectivity needs. Beyond its processors, Microchip provides development tools that enable system designers to program its microcontroller and microprocessor units for specific tasks. Its product lineup also features Field-Programmable Gate Arrays (FPGAs) and a broad selection of analog, interface, mixed-signal, and timing components. This extensive category encompasses power management, linear, high-voltage, thermal management, discrete diodes and MOSFETs, radio frequency (RF), drivers, safety, security, USB, Ethernet, wireless, and other interface products. For compact device applications, the company supplies memory products such as serial EEPROM, serial and parallel flash, serial SRAM, and serial EERAM. A significant aspect of Microchip’s business involves licensing its SuperFlash embedded flash and NVM technologies. These are provided to foundries, integrated device manufacturers, and design partners for use in manufacturing their own microcontrollers, gate arrays, RF, analog, and neuromorphic computing products that require integrated non-volatile memory. Moreover, Microchip delivers engineering services, along with wafer foundry, assembly, and test subcontracting manufacturing services. It also produces specialized timing systems, application-specific integrated circuits (ASICs), and aerospace products. Microchip Technology Incorporated was established in 1989 and is headquartered in Chandler, Arizona.
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Revenue Segmentation
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| MCHP | Microchip Technology Incorporated | 40.2B | 103 | 47.2 | 5.0% |
 STM | STMicroelectronics N.V. | 39.3B | 84.1 | 32.6 | 2.1% |
 ALAB | Astera Labs, Inc. Common Stock | 44.6B | 119 | 64.5 | 15.5% |
 MCHPP | Microchip Technology Incorporated | 34.7B | — | — | — |
 UMC | United Microelectronics Corporation | 47.1B | 18.8 | 16.6 | 7.6% |
 TER | Teradyne, Inc. | 48.3B | 42.1 | 33.5 | 30.4% |
EPS
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Earnings Call
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 7,634,400 | 4,401,600 | 4,713,100 |
| Gross Profit | 4,995,700 | 2,467,900 | 2,721,100 |
| EBITDA | 3,436,400 | 1,040,400 | 1,400,700 |
| Operating Income | 2,571,000 | 296,300 | 490,100 |
| Net Income | 1,906,900 | -500 | 202,200 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 15,873,200 | 15,374,600 | 14,370,100 |
| Total Liabilities | 9,215,400 | 8,296,300 | 7,937,700 |
| Total Stockholders Equity | 6,657,800 | 7,078,300 | 6,432,400 |
| Total Debt | 6,032,400 | 5,666,100 | 5,496,400 |
| Cash and Cash Equivalents | 319,700 | 771,700 | 240,300 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 2,892,700 | 898,100 | 962,100 |
| Capital Expenditure | -285,100 | -126,000 | -91,100 |
| Free Cash Flow | 2,607,600 | 772,100 | 871,000 |
| Net Income | 1,906,900 | -500 | 202,200 |
| Net Change in Cash | 85,700 | 452,000 | -531,400 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 7,758,578.867 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 9,069,062.271 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 8,236,082.952 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 4,206,357.844 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 6,455,356.861 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 5,381,593.252 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 2,217,712.918 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 3,648,734.577 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 2,965,506.630 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 899,219.359 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,051,104.397 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 954,562.086 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 5.230 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 6.660 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 4.050 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 10 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 6 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates MCHP intrinsic value between $74.28 – $119.63 per share. This depends on revenue growth, margins, and discount rate.
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Common questions about MCHP valuation
Is Microchip Technology Incorporated (MCHP) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Microchip Technology Incorporated (MCHP) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
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What is MCHP’s P/E ratio?
You can see MCHP’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MCHP?
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MCHP
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Daily snapshot
-0.63
Trading Metrics:
| Open: | 74.21 | Previous Close: | 74.52 | |
| Day Low: | 73.67 | Day High: | 75.5 | |
| Year Low: | 48.52 | Year High: | 105.91 | |
| Price Avg 50: | 75.26 | Price Avg 200: | 79.59 | |
| Volume: | 7.183M | Average Volume: | 10.28M |
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