Microchip Tech Pref Shares MCHP 7.50 Perp 03/15/2028 | 8-K: FY2026 Q1 Revenue: USD 1.076 B
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 1.076 B.
EPS: As of FY2026 Q1, the actual value is USD -0.09.
Segment Revenue
Net sales for the first quarter of fiscal 2026 were $1.0755 billion, representing a sequential increase of 10.8% but a decline of 13.4% compared to the prior year’s first fiscal quarter.
Operational Metrics
- GAAP Basis: Gross profit was 53.6%, operating income was $32.1 million (3.0% of net sales), and net loss attributable to common stockholders was - $46.4 million, or - $0.09 per diluted share.
- Non-GAAP Basis: Gross profit was 54.3%, operating income was $222.3 million (20.7% of net sales), and net income was $154.7 million, or $0.27 per diluted share.
Cash Flow
GAAP cash flow from operations was $275.6 million, and free cash flow was $257.7 million for the quarter ended June 30, 2025.
Unique Metrics
Inventory reduction of $124.4 million was achieved, with distribution inventory days reduced by 4 days to 29 days and inventory days on the balance sheet declining to 214 days.
Outlook / Guidance
Microchip expects September quarter net sales of $1.130 billion plus or minus $20.0 million, representing approximately 5.1% sequential growth at the midpoint. The company is maintaining a disciplined approach given the evolving macro environment but believes it is well-positioned to deliver sustained growth and enhanced shareholder value throughout fiscal 2026.