Microchip Technology (MCHP) 10-K Summary — Year Ended Mar 31, 2026
Microchip Technology reported a modest revenue increase for the latest fiscal year, reversing a prior decline. Operating income and net income remained under pressure, while operating cash flow provided a solid liquidity base.
Key takeaway
Year ended Mar 31, 2026 · FY2026 10-K
Microchip Technology reported a modest revenue increase for the latest fiscal year, reversing a prior decline. Operating income and net income remained under pressure, while operating cash flow provided a solid liquidity base.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.7B
Revenue reported for the fiscal year.
Operating income
$490.1M
Income from operations reported for the year.
Net income
$230M
Net income reported for the year.
Operating cash flow
$962.1M
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, 2023 | $8.4B | +23.7% |
| Mar 31, 2024 | $7.6B | -9.5% |
| Mar 31, 2025 | $4.4B | -42.3% |
| Mar 31, 2026 | $4.7B | +7.1% |
Business overview
Microchip Technology designs and manufactures semiconductor products for embedded control applications. The company serves a broad range of markets including automotive, industrial, aerospace, and consumer electronics. Its product portfolio includes microcontrollers, analog devices, and memory solutions.
Financial performance
Revenue for the fiscal year increased compared to the prior year, following two consecutive years of decline. Operating income and net income both decreased, reflecting ongoing cost and margin pressures. Operating cash flow remained strong, supporting the company's financial position.
Material risks
The filing identifies risks related to cyclical demand in the semiconductor industry, supply chain disruptions, and reliance on a limited number of manufacturing facilities. Additionally, the company faces risks from geopolitical tensions and potential changes in trade policies.
Liquidity and capital
The company generated strong operating cash flow, which it uses to fund capital expenditures, debt service, and shareholder returns. No specific capital allocation changes were highlighted in the supplied context.
What to watch
Investors should monitor whether the company can sustain revenue growth and improve profitability in the next filing.