---
schema_version: "secwatch.filing_event.v1"
accession: "0000827054-24-000078"
form_type: "8-K"
ticker: "MCHP"
cik: "0000827054"
company_name: "MICROCHIP TECHNOLOGY INC"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:39:42.363070+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Microchip reports Q4 net sales down 40.6% YoY; GAAP EPS $0.28; dividend raised 18%

## Summary
- Q4 net sales $1.326B, down 24.9% sequentially and 40.6% YoY; GAAP EPS $0.28, above guidance midpoint ($0.13-$0.32).
- Full-year FY2024 net sales $7.634B, down 9.5% YoY; Non-GAAP EPS $4.92 vs $7.05 prior year.
- Record quarterly dividend $0.452/share, up 18% YoY; $629.9M returned to shareholders via dividends and buybacks.
- Cumulative buyback $2.354B over ten quarters; remaining capacity under $4.0B program.

## SEC filing metadata
- accession: 0000827054-24-000078
- form_type: 8-K
- ticker: MCHP
- cik: 0000827054
- company_name: MICROCHIP TECHNOLOGY INC
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/827054/000082705424000078/0000827054-24-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827054/000082705424000078/mchp-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827054-24-000078
- JSON: https://secwatch.observer/filing/0000827054-24-000078.json
- Plain text: https://secwatch.observer/filing/0000827054-24-000078.txt

## Key facts
- Earnings Releases
  MICROCHIP TECHNOLOGY INC reported financial results for fourth quarter and fiscal year 2024.
  - Period: fourth quarter and fiscal year 2024
  - Result: reported results
  source text: On May 6, 2024, we announced the results of our operations for the fourth quarter and fiscal year 2024. The complete release is attached to this report as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/827054/000082705424000078/0000827054-24-000078-index.htm

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