Microchip Tech Pref Shares MCHP 7.50 Perp 03/15/2028 | 8-K: FY2026 Q3 Revenue: USD 1.186 B

Revenue: As of FY2026 Q3, the actual value is USD 1.186 B.

EPS: As of FY2026 Q3, the actual value is USD 0.06.

Financial Performance for the Three Months Ended December 31, 2025 (Q3 FY2026)

Gross Profit

• GAAP Gross Profit: $706.9 million, representing 59.6% of net sales, an increase from $561.4 million (54.7% of net sales) in the prior year’s third fiscal quarter .
• Non-GAAP Gross Profit: $717.4 million, representing 60.5% of net sales, an increase from $568.8 million (55.4% of net sales) in the prior year’s third fiscal quarter .

Operating Income

• GAAP Operating Income: $151.7 million, representing 12.8% of net sales, an increase from $30.9 million (3.0% of net sales) in the prior year’s third fiscal quarter .
• Non-GAAP Operating Income: $337.8 million, representing 28.5% of net sales, an increase from $210.7 million (20.5% of net sales) in the prior year’s third fiscal quarter .

Net Income

• GAAP Net Income Attributable to Common Stockholders: $34.9 million, an improvement from a GAAP net loss of -$53.6 million in the prior year’s third fiscal quarter .
• Non-GAAP Net Income: $252.8 million, an increase from $107.3 million in the prior year’s third fiscal quarter .

Other Expenses and Income Tax

• GAAP Other Expense, Net: -$58.1 million, compared to -$77.0 million in the prior year’s third fiscal quarter .
• Non-GAAP Other Expense, Net: -$58.1 million, compared to -$76.7 million in the prior year’s third fiscal quarter .
• GAAP Income Tax Provision: $30.9 million, compared to $7.5 million in the prior year’s third fiscal quarter .
• Non-GAAP Income Tax Provision: $26.9 million, compared to $26.7 million in the prior year’s third fiscal quarter .

Cash Flow

• GAAP Cash Flow from Operations: $341.4 million, up from $271.5 million in the prior year’s third fiscal quarter .
• Capital Expenditures: -$22.5 million, compared to -$18.1 million in the prior year’s third fiscal quarter .
• Free Cash Flow: $318.9 million, up from $253.4 million in the prior year’s third fiscal quarter .

Other Operational Metrics

• Microchip Technology Incorporated returned approximately $246.1 million to common stockholders through dividends in the December quarter .
• The company declared a quarterly dividend on common stock of 45.5 cents per share for the March quarter .
• Net debt was reduced by $26 million during the quarter .
• Non-GAAP gross margins expanded significantly from 52% in the March 2025 quarter to 60.5% this quarter .

Outlook / Guidance for the Fourth Quarter of Fiscal Year 2026 (Quarter Ending March 31, 2026)

Microchip Technology Incorporated anticipates net sales between $1.240 billion and $1.280 billion, with a midpoint of $1.260 billion, reflecting approximately 6.2% sequential growth and 29.8% year-over-year growth . The company expects GAAP gross profit between 59.5% and 60.5%, and Non-GAAP gross profit between 60.5% and 61.5% . Capital expenditures for the quarter are projected to be between $20 million and $23 million, with full fiscal year 2026 capital expenditures at or below $100 million .