15.6%
Revenue Growth
MCHP achieved a 15.6% increase in revenue, driven by strong demand across key segments.
Source: Source: 10-Q Income Statement, p.1
AI Takeaway
MCHP reported significant improvements in Q3 FY2026 with a 15.6% increase in revenue and a return to profitability, driven by strong operational performance and cost management.
Revenue
$1.19B
++15.59% YoY
EPS (Basic)
$0.06
++160.00% YoY
Gross Margin
59.6%
++4.89% YoY
Operating Income
$151.7M
++390.94% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
MCHP achieved a 15.6% increase in revenue, driven by strong demand across key segments.
Source: Source: 10-Q Income Statement, p.1
Operating income increased by 390.9%, reflecting improved operational efficiency and cost control.
Source: Source: 10-Q Income Statement, p.1
The company returned to profitability with a net income of $62.7M, compared to a loss in the previous year.
Source: Source: 10-Q Income Statement, p.1
The significant decrease in cash and equivalents by 57.2% could impact MCHP's ability to manage short-term obligations.
Source: Source: 10-Q Balance Sheet, p.1
Unlock 2 more detailed risk analysis
Upgrade to unlockReported EPS of $0.44 versus the $0.42 analyst consensus — a +4.7% beat for Q3 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $1.19B | $1.03B | +15.59% |
Cost of Revenue | $479.1M | $464.6M | +3.12% |
Gross Profit | $706.9M | $561.4M | +25.92% |
Operating Income | $151.7M | $30.9M | +390.94% |
Net Income | $62.7M | $-53.6M | +216.98% |
EPS (Basic) | $0.06 | $-0.10 | +160.00% |
EPS (Diluted) | $0.06 | $-0.10 | +160.00% |
R&D Expense | $274.3M | $246.2M | +11.41% |
SG&A Expense | $168.5M | $158.2M | +6.51% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $14.33B | $15.63B | -8.36% |
Current Assets | $2.29B | $3B | -23.54% |
Current Liabilities | $1.06B | $1.33B | -20.37% |
Stockholders' Equity | $6.56B | $6.03B | +8.77% |
Cash & Equivalents | $250.7M | $586M | -57.22% |
Long-Term Debt | $5.37B | $6.75B | -20.50% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $705.1M | $692.2M | +1.86% |
Investing Cash FlowYTD | $-143.4M | $-231.8M | +38.14% |
Financing Cash FlowYTD | $-1.08B | $-194.1M | -457.81% |
Share BuybacksYTD | $0 | $96.5M | -100.00% |
D&AYTD | $515.6M | $563.1M | -8.44% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 59.6% | 54.7% | +4.89% |
Operating Margin | 12.8% | 3.0% | +9.78% |
Net Margin | 5.3% | — | — |
ROE | 1.0% | — | — |
ROA | 0.4% | — | — |
Current Ratio | $2.162 | — | — |
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MCHP reported a significant improvement in earnings with a net income of $62.7M, compared to a loss in the previous year, indicating a positive performance.
Key takeaways include a 15.6% revenue increase, a return to profitability, and improved operating margins, reflecting strong operational performance.
MCHP faces liquidity risk due to a 57.2% decrease in cash and equivalents, and substantial long-term debt, which could impact financial flexibility.
Revenue grew by 15.6% to $1.186B, driven by strong demand across key segments.
MCHP shows improved financial health with increased revenue, positive net income, and reduced long-term debt, though liquidity remains a concern.