Microchip Tech Pref Shares MCHP 7.50 Perp 03/15/2028 | 8-K: FY2026 Q4 Revenue: USD 1.311 B

Revenue: As of FY2026 Q4, the actual value is USD 1.311 B.

EPS: As of FY2026 Q4, the actual value is USD 0.21.

Fourth Quarter Ended March 31, 2026 (Q4 FY26)

Operational Metrics

• GAAP Gross Profit was 61.0% .
• GAAP Operating Income was $217.4 million, representing 16.6% of net sales .
• GAAP Net Income Attributable to Common Stockholders was $116.4 million, compared to a GAAP net loss of - $156.8 million in the prior year’s fourth fiscal quarter .
• Non-GAAP Gross Profit was 61.6% .
• Non-GAAP Operating Income was $400.9 million, representing 30.6% of net sales .
• Non-GAAP Net Income was $327.3 million, up from $61.4 million in the prior year’s fourth fiscal quarter .
• GAAP Operating Expenses were $582.2 million, or 44.4% of net sales .
• Non-GAAP Operating Expenses were $407.1 million, or 31.0% of net sales .

Cash Flow

• GAAP Cash Flow from Operations was $257.0 million .
• Free Cash Flow was $242.8 million .

Unique Metrics

• Inventory was reduced by $22.3 million during the quarter, decreasing days of inventory from 201 days in December to 185 days in March . Distributor inventory declined to 26 days . Total inventory has been reduced by $320.9 million from the high point at the end of December 2024 .

Fiscal Year Ended March 31, 2026 (FY26)

Operational Metrics

• GAAP Gross Profit was 57.7% .
• GAAP Operating Income was $490.1 million .
• GAAP Net Income Attributable to Common Stockholders was $118.8 million, compared to a net loss of - $2.7 million in the prior fiscal year .
• Non-GAAP Gross Profit was 58.5% .
• Non-GAAP Operating Income was $1.238 billion, representing 26.3% of net sales .
• Non-GAAP Net Income was $933.9 million, an increase of 31.8% from $708.8 million in the prior fiscal year .
• GAAP Operating Expenses were $2,231.0 million, or 47.3% of net sales .
• Non-GAAP Operating Expenses were $1,517.8 million, or 32.2% of net sales .

Cash Flow

• GAAP Cash Flow from Operations was $962.1 million .
• Free Cash Flow was $871.0 million .

Unique Metrics

• Microchip Technology Incorporated returned $984.0 million to shareholders through dividends .

Outlook / Guidance (First Quarter Fiscal Year 2027)

• For the first quarter of fiscal year 2027, Non-GAAP Gross Margin is anticipated to be between 62.25% and 63.25%, and Non-GAAP Operating Profit is forecasted to be between 33.00% and 34.50% . Capital expenditures are expected to be approximately $20 million for the quarter ending June 30, 2026, and approximately $100 million for all of fiscal 2027, as the company ramps factories to correct inventory towards its long-term model .