Microchip Technology (MCHP) 10-K Summary — Year Ended Mar 31, 2024
The filing describes Microchip Technology's business and financial results for the latest annual period. Revenue declined compared to the prior year, while the company remained profitable and generated strong cash from operations.
Key takeaway
Year ended Mar 31, 2024 · FY2026 10-K
The filing describes Microchip Technology's business and financial results for the latest annual period. Revenue declined compared to the prior year, while the company remained profitable and generated strong cash from operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.6B
Revenue reported for the fiscal year.
Operating income
$2.6B
Income from operations reported for the year.
Net income
$1.9B
Net income reported for the year.
Operating cash flow
$2.9B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2022 | $6.8B | n/a |
| Mar 31, 2023 | $8.4B | +23.7% |
| Mar 31, 2024 | $7.6B | -9.5% |
Business overview
The Business overview section outlines the company's operations as a provider of semiconductor solutions. The filing details the company's product lines and end markets in the specified section.
Financial performance
Revenue decreased from the previous year, but operating income and net income remained positive. Operating cash flow was substantial, supporting the company's financial position.
Material risks
The Risk Factors section identifies material risks including competitive pressures, technological changes, supply chain disruptions, and macroeconomic uncertainties. These factors could affect the company's future performance.
Liquidity and capital
The Liquidity and Capital Resources discussion describes the company's cash flow management and capital allocation strategy. It highlights the company's ability to fund operations and investments.
What to watch
Investors should monitor the company's revenue trend in the next filing to assess demand recovery.