GlobeNewswire·May 7, 2026, 4:15 PM ET

Microchip Technology Announces Financial Results for Fourth Quarter and Fiscal Year 2026

MCHP

Microchip Technology reported net sales of $1.311 billion for the quarter ended March 31, 2026, a 35.1% increase year-over-year and 10.6% sequentially, exceeding previous guidance.
Full-year fiscal 2026 net sales reached $4.713 billion, up 7.1% from the prior year.
GAAP diluted EPS for the quarter was $0.21, while Non-GAAP diluted EPS was $0.57, both beating prior guidance ranges.
Full-year GAAP diluted EPS was $0.22, whereas Non-GAAP diluted EPS was $1.64.
The company returned $984.0 million to shareholders through dividends during fiscal 2026.
Microchip declared a quarterly common stock dividend of 45.5 cents per share, payable June 5, 2026, to record holders on May 22, 2026.
A quarterly dividend of $18.750 per share was also declared for the Series A Mandatory Convertible Preferred Stock, payable June 15, 2026.
Guidance for the June 2026 quarter forecasts net sales between $1.442 billion and $1.469 billion, with Non-GAAP EPS projected between $0.67 and $0.71.
Inventory levels were reduced by $22.3 million during the quarter, lowering days of inventory from 201 to 185 days.
The company paused most factory expansion actions due to the macroeconomic environment but is adding selective capital equipment for production capacity and R&D.
Capital expenditures are expected to be approximately $20 million for the June 2026 quarter and $100 million for all of fiscal 2027.
Growth drivers include expanding design activity in data center and AI applications, supported by high-speed connectivity and Gen6 PCIe retimer solutions.
GAAP results were adversely impacted by purchase accounting adjustments, restructuring charges, amortization of acquired intangibles, and preferred stock dividends.