Microchip Technology (MCHP) stock
Information Technology · Semiconductors
Microchip Technology (MCHP) is a Semiconductors company in the Information Technology sector, headquartered in Chandler, Arizona. As of October 23, 2026, MCHP closed at $74.05, a market capitalization of $40.21 billion, the 273rd largest company in the S&P 500. Over the last twelve months it generated $5.12 billion in revenue (+38% year over year) and $1.11 billion in free cash flow. The stock trades at 108.9x trailing earnings and 16.1x forward earnings.
- 1-year total return: +16.7% (dividends reinvested)
- 5-year return: +1.9% a year
- 52-week range: $48.52 – $105.91
- Gross margin 60.2%, operating margin 24.0%
- Dividend yield: 2.46%, 23 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 52nd largest of 75 Information Technology stocks in the S&P 500
MCHP price chart
1Y price change: +13.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| MCHP | -2.0% | +18.2% | +16.7% | +2.4% | +1.9% | +11.6% | +19.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1993.
MCHP key statistics
- Market cap
- $40.2B
- #273 in S&P 500
- P/E (TTM)
- 108.9x
- Forward P/E
- 16.1x
- EPS (TTM)
- $0.68
- Revenue (TTM)
- $5.1B
- +38%
- Free cash flow
- $1.1B
- Gross margin
- 60.2%
- Operating margin
- 24.0%
- Return on equity
- 7.2%
- Dividend yield
- 2.46%
- 52-week range
- $48.52 – $105.91
- Beta
- 1.76
- Price / sales
- 7.8x
- EV / EBITDA
- 30.1x
- Debt / equity
- 0.84x
- Employees
- 17,900
MCHP report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth38.0%A
- Gross margin60.2%A
- Operating margin24.0%B
- FCF margin21.7%B
- Return on equity7.2%D
- Net debt / EBITDA3.4xD
- Forward P/E16.1xB
- PEG ratio0.2xA
- Shareholder yield2.5%C
- Share count change / yr0.1%C
Microchip Technology Incorporat financials
Revenue went from $3.4B in fiscal 2017 to $4.7B in fiscal 2026, growing 3.7% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $4.0B | $5.3B | $5.3B | $5.4B | $6.8B | $8.4B | $7.6B | $4.4B | $4.7B |
| Gross profit | $1.8B | $2.4B | $2.9B | $3.2B | $3.4B | $4.4B | $5.7B | $5.0B | $2.5B | $2.7B |
| Operating income | $275.8M | $936.3M | $714.3M | $647.1M | $998.1M | $1.8B | $3.1B | $2.6B | $296.3M | $490.1M |
| Net income | $164.6M | $255.4M | $355.9M | $570.6M | $349.4M | $1.3B | $2.2B | $1.9B | -$500.0K | $230.0M |
| EPS (diluted) | $0.35 | $0.52 | $0.71 | $1.11 | $0.65 | $2.27 | $4.02 | $3.48 | $-0.01 | $0.22 |
| Free cash flow | — | $1.2B | $1.4B | $1.5B | $1.8B | $2.5B | $3.1B | $2.6B | $772.1M | $871.0M |
| Buybacks | $0 | $0 | — | $0 | $0 | $425.6M | $945.8M | $982.1M | $96.5M | $0 |
| Dividends paid | — | — | — | — | — | — | — | $911.5M | $975.7M | $984.0M |
| Diluted shares | 469.6M | 497.8M | 499.8M | 512.4M | 541.2M | 565.9M | 557.3M | 548.0M | 537.3M | 545.2M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into MCHP?
A reverse DCF asks what growth the current price requires. With an enterprise value of $45.3B and $1.1B of trailing free cash flow, Microchip Technology Incorporat needs to grow free cash flow about 29.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -13.7% a year over the last five years.
P/E ratio history
Current 336.6x vs. median 29.2x (10th–90th percentile 17.2x–115.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
MCHP dividend
- Dividend yield
- 2.46%
- Annual dividend
- $1.82
- Years of increases
- 23
- 5-yr dividend growth
- 19.9%
- per year
- Payout ratio
- 268%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
MCHP analyst price targets
25 analysts' average 12-month target is $106.52 (+44% vs. $74.05). Targets range from $75.00 to $135.00. 77% rate it a buy.
MCHP earnings
Next report: November 5, 2026. Microchip Technology Incorporat has beaten EPS estimates 6 quarters in a row. Last quarter's revenue was $1.5B (+38% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 6, 2026 | $0.70 | $0.76 | +8.7% |
| May 7, 2026 | $0.50 | $0.57 | +12.9% |
| Feb 5, 2026 | $0.43 | $0.44 | +2.8% |
| Nov 6, 2025 | $0.33 | $0.35 | +4.9% |
| Aug 7, 2025 | $0.24 | $0.27 | +13.2% |
| May 8, 2025 | $0.10 | $0.11 | +5.3% |
| Feb 6, 2025 | $0.28 | $0.20 | -28.2% |
| Nov 5, 2024 | $0.43 | $0.46 | +6.0% |
Stocks like MCHP
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NVDA NVIDIA | -0.59% | +16% | $5.1T | 26.7x | Compare |
 AVGO Broadcom | -0.48% | -6% | $1.5T | 42.9x | Compare |
 MU Micron Technology | +2.46% | +325% | $992.9B | 11.8x | Compare |
 AMD Advanced Micro Devices | +1.74% | +120% | $843.6B | 131.8x | Compare |
 INTC Intel | +1.72% | +128% | $459.7B | — | Compare |
 TXN Texas Instruments | +1.86% | +70% | $260.0B | 36.9x | Compare |
 MRVL Marvell Technology | +2.26% | +177% | $205.4B | 75.2x | Compare |
 ADI Analog Devices | +1.38% | +63% | $189.5B | 46.4x | Compare |
MCHP news
- Microchip Adds the LX-820 Quartz Oscillator to its L-Series Timing Portfolio Developed for Low Earth Orbit Applications · Oct 22, 2026
- Microchip Tech (MCHP) Upgraded to Buy: Here's What You Should Know · Oct 19, 2026
- Wall Street Analysts See a 49% Upside in Microchip Tech (MCHP): Can the Stock Really Move This High? · Oct 19, 2026
- Microchip Technology (MCHP) Tests Its Valuation As The AUTOSAR Push Builds · Oct 19, 2026
- How New Product Launches Will Impact Microchip Stock · Oct 19, 2026
MCHP stock FAQ
What is MCHP's market cap?
Microchip Technology's market capitalization is $40.21 billion as of October 23, 2026, ranking 273rd in the S&P 500.
What is MCHP's P/E ratio?
MCHP trades at a trailing price-to-earnings ratio of 108.9x and a forward P/E of 16.1x. Its median P/E over the period we track is 29.2x.
Does MCHP pay a dividend?
Yes. Microchip Technology pays $1.82 per share a year, a 2.46% yield. It has raised its dividend 23 years in a row. Dividends grew 19.9% a year over the last five years.
How much has MCHP stock returned?
Including reinvested dividends, MCHP returned +16.7% over one year, +1.9% a year over five years, +11.6% a year over ten years through October 23, 2026.
Is MCHP stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Microchip Technology must grow free cash flow about 29% a year for the next decade. Its free cash flow fell 14% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the MCHP price target?
25 analysts cover MCHP with an average 12-month price target of $106.52, +44% from the current price. 77% of them rate it a buy.
When does MCHP report earnings?
Microchip Technology is expected to report earnings on November 5, 2026. It has beaten EPS estimates 6 quarters in a row.
How many employees does Microchip Technology have?
Microchip Technology has about 17,900 full-time employees, or $286,162 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology