Highest-materiality recent filing
Microchip shareholders approve 12M share increase to equity plan; all 7 directors elected
Stockholders approved amendment to 2004 Equity Incentive Plan, increasing authorized shares by 12,000,000 to 84,389,717 total.
Microchip Q1 FY2027 net sales $1.485B, up 38% YoY; EPS $0.37 GAAP, $0.76 non-GAAP, above guidance
Net sales $1.485B, up 38% YoY and 13.2% sequentially, above guidance midpoint of $1.456B.
Microchip COO Richard Simoncic resigns effective Aug 17 to become CEO of Menlo Microsystems
Richard J. Simoncic, COO, notified resignation on July 23, 2026, effective August 17, 2026.
Microchip appoints former SVP Mitch Little to board, effective June 1, 2026
Mitch Little, former SVP Worldwide Client Engagement, appointed to Microchip Board effective June 1, 2026.
Microchip Q4 net sales $1.311B beat guidance; Non-GAAP EPS $0.57 vs $0.48-$0.52 guide
Revenue of $1.311B up 35.1% YoY and 10.6% sequentially, above $1.260B guidance midpoint.
Microchip issues $800M 0% convertible notes due 2030; proceeds to repay commercial paper
Issued $800M 0% convertible senior notes due 2030 (upsized from $600M) with initial conversion price ~$104.17/share, a 40% premium to $74.41 close.
Microchip Q3 FY2026 beats: net sales $1.186B, non-GAAP EPS $0.44; guides Q4 net sales $1.26B
GAAP EPS $0.06, non-GAAP EPS $0.44; net sales $1.186B (+15.6% YoY), above guidance of $1.185B.
Microchip expects Q3 net sales ~$1,185M, above prior guidance of $1,109-1,149M
Expected net sales about $1,185M for Q3 FY2026 ended Dec 31, 2025, above original guidance of $1,109-1,149M.
Microchip Q2 FY2026 rev $1.14B (+6% QoQ); GAAP EPS $0.03, non-GAAP $0.35; guides Q3 ~$1.129B
Net sales $1.140B (up 6% QoQ, down 2% YoY) beat guidance midpoint; GAAP EPS $0.03 vs guided loss; non-GAAP EPS $0.35 in range.
Say-on-pay not approved: 205.8M for, 245.1M against, 32.6M broker non-votes.
Microchip beats Q1 guidance; revenue $1.0755B, non-GAAP EPS $0.27 vs. $0.22-$0.26 range
Net sales $1.0755B, +10.8% sequentially, above revised guidance midpoint of $1.0575B.
Microchip Q4 revenue $970.5M beats midpoint; guides June Q $1.02-1.07B
Q4 net sales $970.5M, down 5.4% seq & 26.8% YoY; GAAP loss $0.29/sh; Non-GAAP EPS $0.11 (guidance $0.05-0.15).
Microchip Technology appoints TSMC SVP Rick Cassidy to board, effective May 2, 2025
Rick Cassidy is Senior Vice President of Corporate Strategy Development at TSMC and Chairman of TSMC Arizona.
Microchip issues 27M depositary shares of 7.5% mandatory convertible preferred stock
Issued 27M depositary shares (each 1/20 interest in 7.5% Series A Mand Conv Pref); over-allotment 2.7M exercised in full.
Microchip Technology enters $2.25B revolving credit facility through 2030
Facility size $2.25B with $250M foreign currency sublimit; no loans outstanding at closing.
Microchip Technology announces restructuring: ~2,000 job cuts, Fab 2 closure accelerated to May 2025
Headcount reduction of approximately 2,000 employees across Fab 4, Fab 5, Philippines, and business units.
Microchip board member Robert A. Rango retires effective Feb 19, 2025
Robert A. Rango retired from Microchip's Board of Directors on February 19, 2025.
Microchip Q3 revenue $1.026B, down 41.9% YoY; GAAP net loss $0.10/share
Net sales $1.026B, down 11.8% sequentially and 41.9% from Q3 FY24; slightly above updated guidance of $1.025B.
Microchip appoints former AMD president Victor Peng to board effective Feb 10, 2025
Victor Peng, former president of AMD, appointed to Microchip's board effective February 10, 2025.
Microchip issues $2B in senior notes to refinance existing debt
Issued $1B of 4.900% Senior Notes due 2028 and $1B of 5.050% Senior Notes due 2030.
Microchip to close Tempe Fab 2, affecting ~500 employees; expects $90M annual savings
Fab 2 (8-inch wafer facility) shutdown planned by September 2025 quarter; products move to Oregon/Colorado fabs.
Microchip CEO Moorthy retires; former CEO Sanghi returns as interim; board reduced to 6
Ganesh Moorthy retired as CEO/President and from the Board effective November 18, 2024.
Microchip relaxes max total leverage ratio covenant to 4.75x for five quarters starting Dec 2024
Max total leverage ratio amended to 4.75:1.00 for fiscal quarters ending Dec 2024 through Dec 2025; prior covenant was 3.50:1.00.
Microchip Q2 FY2025 net sales $1.164B, down 48.4% YoY; EPS $0.14 GAAP, $0.46 non-GAAP
Net sales $1.164B, down 6.2% sequentially and 48.4% YoY; GAAP EPS $0.14, non-GAAP EPS $0.46, both within guidance range.
Unauthorized party disrupted servers; operations substantially restored, customer orders processing for over a week.
Shareholders approve 8M share increase in equity plan; all directors elected
Amendment to 2004 Equity Incentive Plan approved with 432.8M votes for, adding 8,000,000 shares to authorized pool.
Microchip Technology: unauthorized IT disruption; manufacturing at reduced levels
Detected suspicious IT activity on Aug 17; confirmed unauthorized party disrupted servers and business operations on Aug 19.
Microchip Q1 sales down 45.8% YoY; Executive Chair retires as officer; dividend up 10.7%
Net sales $1.241B, down 6.4% sequentially and 45.8% YoY, within guidance midpoint.
Microchip issues $1.1B 0.75% convertible notes due 2030; $150M greenshoe exercised
Total offering $1.25B ($1.1B initial + $150M additional notes), net proceeds ~$1.23B after discounts and expenses.
Microchip reports Q4 net sales down 40.6% YoY; GAAP EPS $0.28; dividend raised 18%
Q4 net sales $1.326B, down 24.9% sequentially and 40.6% YoY; GAAP EPS $0.28, above guidance midpoint ($0.13-$0.32).
Microchip appoints Richard Simoncic as COO; EVP Drehobl to retire June 7, 2024
Richard J. Simoncic appointed COO effective April 1, 2024, reporting to CEO Ganesh Moorthy.
Microchip issues $1B of 5.050% Senior Notes due 2029 to repay commercial paper
Issued $1,000,000,000 aggregate principal of 5.050% Senior Notes maturing March 15, 2029.
Microchip cuts CEO and executive salaries by 20% effective Feb 19, 2024
CEO Ganesh Moorthy and other NEOs (Sanghi, Simoncic, Bjornholt, Drehobl) take 20% salary cut.
Microchip Q3 revenue drops 21.7% sequentially; GAAP EPS beats guidance but non-GAAP misses
Net sales $1.766B, down 21.7% QoQ and 18.6% YoY; preliminary guidance had indicated a 22% sequential decline.
Microchip appoints former Texas Instruments CIO Ellen Barker to its board, effective Feb 2, 2024
Ellen Barker, formerly SVP and CIO of Texas Instruments, appointed to Microchip's board.
Microchip warns Q3 revenue down ~22% sequentially, worse than guided 15-20%
Preliminary revenue for Q3 FY2024 (Dec 2023) down ~22% sequentially, vs prior guidance of down 15-20%.
Microchip Q2 FY24: GAAP EPS $1.21, Non-GAAP $1.62; rev $2.254B up 8.7% YoY
Net sales $2.254B, down 1.5% seq, up 8.7% YoY; record GAAP net income $666.6M, diluted EPS $1.21 (guidance $1.18-$1.21).
Microchip Technology establishes $2.75B commercial paper program
Program allows issuance of unsecured notes up to $2.75B aggregate principal.
Microchip borrows $750M incremental term loan for working capital and corporate purposes
$750.0M borrowed in full on August 31, 2023 under First Incremental Term Loan Amendment.
Stockholders elected all 8 director nominees: Chapman, Johnson, Meyercord, Moorthy, Rango, Rapp, Sanghi with votes 443.7M to 25.8M or higher.
Microchip posts record Q1 FY2024; GAAP EPS $1.21 beats guidance; dividend raised 36%
Record net sales $2.289B (+16.6% YoY); GAAP EPS $1.21 beats guidance of $1.15-$1.16.
Microchip board member Esther L. Johnson to retire effective Aug. 22, 2023
Esther L. Johnson retired from the Board, effective at the August 22, 2023 annual meeting.
Microchip board adopts new independence requirement: at least 3/4 of directors must be independent
On June 23, 2023, Board approved amendment to bylaws adding Section 3.17 requiring at least three-fourths (rounded down) of board members to be independent per Nasdaq rules.
Microchip repurchases $90.3M of convertible notes; retires all 2037 notes
Pays $19M to repurchase $5.7M principal of 1.625% 2025 Notes; ~$6.8M remains.
Microchip Q4 record sales $2.233B; EPS $1.09/$1.64; dividend +38.8%
Record net sales $2.233B (+21.1% YoY); GAAP EPS $1.09, Non-GAAP EPS $1.64, above guidance midpoints.
Arizona court preliminarily approved settlement of derivative actions alleging fiduciary breaches related to $10.15B Microsemi acquisition.
Microchip posts record Q3 FY2023: net sales $2.169B, GAAP EPS $1.04, debt paydown $719M
Record net sales $2.169B, up 4.6% sequentially and 23.4% YoY; midpoint guidance was $2.156B.
Microchip appoints Robert Rango to board effective January 3, 2023
Robert Rango, former President & CEO of Enevate and EVP of Broadcom Mobile & Wireless, joins board.
Microchip posts record Q2 FY2023 net sales of $2.07B, EPS beat; raises dividend 9%
Record net sales $2.073B (+5.6% QoQ, +25.7% YoY); GAAP EPS $0.98 vs guidance $0.94-0.95.
All 8 director nominees elected, with Ganesh Moorthy receiving highest votes for: 461M for, 5M against.
On July 23, 2026, Richard J. Simoncic, Chief Operating Officer of Microchip Technology Incorporated (the "Company"), notified the Company that he was resigning from the Company effective August 17, 2026 to become Chief Executive Officer of Menlo Microsystems, Inc., a private company.
appointed Mitch Little, former Senior Vice President, Worldwide Client Engagement of Microchip, as a member of the Board, effective June 1, 2026.
On May 1, 2025, the Board of Directors (the "Board") of Microchip Technology Incorporated, upon the recommendation from the Nominating, Governance and Sustainability Committee of the Board, appointed Rick Cassidy, Senior Vice President of Corporate Strategy Development at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and Chairman of TSMC Arizona, as a member of the Board, effective May 2, 2025.
On February 19, 2025, Robert A. Rango, a member of the Board of Directors (the "Board") of Microchip Technology Incorporated (the "Company"), retired from the Board effective as of February 19, 2025.
On February 4, 2025, the Board, upon recommendation from its Nominating, Governance and Sustainability Committee, appointed Victor Peng, formerly the president of Advanced Micro Devices, Inc. (AMD), as a member of the Board, effective February 10, 2025.
the Board elected Microchip’s former Chief Executive Officer and President, Steve Sanghi, to serve as interim Chief Executive Officer and President effective November 18, 2024.
Steve Sanghi, the Company’s Executive Chair, informed the Company of his retirement as an officer and employee of the Company effective at the end of the day on August 20, 2024.
appointed Richard J. Simoncic as Chief Operating Officer of the Company.
Stephen V. Drehobl, the Company’s Senior Vice President, MCU 8 and MCU 16 Business Units, informed the Company of his retirement from the Company effective June 7, 2024.
appointed Ellen Barker, formerly the Senior Vice President and Chief Information Officer of Texas Instruments (TI), as a member of the Board, effective February 2, 2024.
On June 27, 2023, Esther L. Johnson, a member of the Board of Directors (the “Board”) of Microchip Technology Incorporated (the “Company”), retired from the Board effective as of the date of the Company’s annual meeting of stockholders to be held on August 22, 2023.
appointed Robert Rango, formerly the President and Chief Executive Officer of Enevate Corporation and Executive Vice President of Broadcom’s Mobile and Wireless Group, as a director of the Company, effective January 3, 2023.
Max materiality 0.85 · Median 0.60 · Most common event earnings