Highest-materiality recent filing
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.
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 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 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 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 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 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.
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 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 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 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 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 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.
Microchip posts record Q1 net sales of $1.964B, EPS beat; dividend raised 9.1%
Record net sales $1.964B, up 6.5% QoQ and 25.1% YoY; GAAP EPS $0.90 beat guidance of $0.85-$0.86.
Microchip Q4 net sales $1.844B record; EPS beat guidance; dividend up 9%
Q4 net sales $1.844B record, up 4.9% sequentially and 25.7% YoY, above midpoint guidance of $1.819B.
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.
On November 29, 2021, Mitchell R. Little, Senior Vice President Worldwide Client Engagement of Microchip Technology Incorporated (the “Company”), notified the Company of his decision to retire from the Company effective May 31, 2022.
Max materiality 0.85 · Median 0.62 · Most common event earnings