---
schema_version: "secwatch.filing_event.v1"
accession: "0000827054-23-000019"
form_type: "8-K"
ticker: "MCHP"
cik: "0000827054"
company_name: "MICROCHIP TECHNOLOGY INC"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T03:02:47.985284+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Microchip posts record Q3 FY2023: net sales $2.169B, GAAP EPS $1.04, debt paydown $719M

## Summary
- Record net sales $2.169B, up 4.6% sequentially and 23.4% YoY; midpoint guidance was $2.156B.
- GAAP: gross margin 67.8%, operating income $811.6M (37.4% of sales), net income $580.3M, diluted EPS $1.04.
- Non-GAAP: gross margin 68.1%, operating income $1.030B (47.5% of sales), net income $863.7M, diluted EPS $1.56.
- Paid down $719.1M debt in December quarter; cumulative $6.2B over 18 quarters.
- Quarterly dividend raised to $0.358/share, up 9.1% sequentially and 41.5% YoY; repurchased 3.1M shares for $229.5M.

## SEC filing metadata
- accession: 0000827054-23-000019
- form_type: 8-K
- ticker: MCHP
- cik: 0000827054
- company_name: MICROCHIP TECHNOLOGY INC
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827054/000082705423000019/0000827054-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827054/000082705423000019/mchp-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827054-23-000019
- JSON: https://secwatch.observer/filing/0000827054-23-000019.json
- Plain text: https://secwatch.observer/filing/0000827054-23-000019.txt

## Key facts
- Earnings Releases
  MICROCHIP TECHNOLOGY INC reported third quarter of fiscal year 2023 results: revenue $2.169 billion, net income $580.3 million, EPS $1.04 per diluted share.
  - Period: third quarter of fiscal year 2023
  - Revenue: $2.169 billion
  - Net income: $580.3 million
  - EPS: $1.04 per diluted share
  - Result: reported results
  source text: CONTACT: J. Eric Bjornholt -- CFO..... (480) 792-7804 MICROCHIP TECHNOLOGY ANNOUNCES RECORD FINANCIAL RESULTS FOR THIRD QUARTER OF FISCAL YEAR 2023 • Record net sales of $2.169 billion, up 4.6% sequentially and up 23.4% from the year ago quarter. The midpoint of our guidance provided on November 3, 2022 was net sales of $2.156 billion. • On a GAAP basis: record
  evidence_url: https://www.sec.gov/Archives/edgar/data/827054/000082705423000019/0000827054-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.