--- title: "Microchip Tech Pref Shares MCHP 7.50 Perp 03/15/2028 | 8-K: FY2027 Q1 Revenue: USD 1.485 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/295147827.md" datetime: "2026-08-06T21:30:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295147827.md) - [en](https://longbridge.com/en/news/295147827.md) - [zh-HK](https://longbridge.com/zh-HK/news/295147827.md) generator: "portal-rs" --- # Microchip Tech Pref Shares MCHP 7.50 Perp 03/15/2028 | 8-K: FY2027 Q1 Revenue: USD 1.485 B Revenue: As of FY2027 Q1, the actual value is USD 1.485 B. EPS: As of FY2027 Q1, the actual value is USD 0.37. EBIT: As of FY2027 Q1, the actual value is USD 336.8 M. ### First Quarter Fiscal Year 2027 Financial Performance (Three Months Ended June 30, 2026) #### Net Sales MICROCHIP TECHNOLOGY INCORPORATED reported net sales of $1.485 billion, marking a 38.0% increase from $1.076 billion in the prior year’s first fiscal quarter and a 13.2% sequential increase, surpassing guidance expectations . #### Gross Profit and Margin On a GAAP basis, gross profit was $938.9 million, with a gross margin of 63.2%, compared to $576.7 million and a 53.6% margin in the first quarter of fiscal year 2026 . Non-GAAP gross profit reached $947.6 million, and the gross margin expanded sequentially to 63.8%, exceeding guidance, compared to $584.4 million and a 54.3% margin in the prior year period . #### Operating Income and Margin GAAP operating income was $336.8 million, representing 22.7% of net sales, a significant increase from $32.1 million, or 3.0% of net sales, in Q1 FY26 . Non-GAAP operating income was $521.1 million, or 35.1% of net sales, up from $222.3 million, or 20.7% of net sales, in the prior year . #### Operating Expenses GAAP operating expenses totaled $602.1 million (40.6% of net sales) for Q1 FY27, compared to $544.6 million (50.6% of net sales) in Q1 FY26 . Non-GAAP operating expenses were $426.5 million (28.7% of net sales) for Q1 FY27, compared to $362.1 million (33.7% of net sales) for Q1 FY26 . GAAP research and development expenses were $308.9 million (20.8% of net sales), up from $255.5 million (23.8% of net sales) in Q1 FY26 . Non-GAAP research and development expenses were $267.8 million (18.0% of net sales), compared to $226.4 million (21.1% of net sales) in Q1 FY26 . GAAP selling, general and administrative expenses were $184.3 million (12.4% of net sales), compared to $159.3 million (14.8% of net sales) in Q1 FY26 . Non-GAAP selling, general and administrative expenses were $158.7 million (10.7% of net sales), compared to $135.7 million (12.6% of net sales) in Q1 FY26 . #### Net Income GAAP net income attributable to common stockholders was $202.0 million, a significant improvement from a GAAP net loss of - $46.4 million in the prior year . Non-GAAP net income was $438.6 million, up from $154.7 million in Q1 FY26 . #### Other Financial Items Other expense, net, was - $46.9 million . The GAAP income tax provision was $60.1 million, while the Non-GAAP income tax provision was $35.6 million . Dividends on Series A Preferred Stock amounted to - $27.8 million . The company returned approximately $246.9 million to common stockholders through dividends during the June quarter and declared a quarterly dividend of 45.5 cents per share on common stock for the September quarter . #### Cash Flow GAAP cash flow from operations was $511.5 million, an increase from $275.6 million in Q1 FY26 . Free cash flow was $497.6 million, up from $257.7 million in the prior year . Capital expenditures were - $13.9 million, compared to - $17.9 million in Q1 FY26 . #### Balance Sheet and Operational Metrics MICROCHIP TECHNOLOGY INCORPORATED reduced its net debt by approximately $170 million during the June quarter . Inventory days declined from 185 days on March 31 to 175 days on June 30 . Distribution sell-through increased meaningfully, bookings remained strong with a book-to-bill ratio well above 1, and customer activity improved across several key end markets . PCIe Gen6 connectivity design wins doubled sequentially from six programs in the March quarter to 12 programs in the June quarter . ### Second Quarter Fiscal Year 2027 Outlook For the September quarter, MICROCHIP TECHNOLOGY INCORPORATED expects net sales to increase sequentially by 7% to 9%, which at the midpoint would represent approximately 40.6% year-over-year growth . The company forecasts GAAP gross profit between 65.4% and 66.3%, and Non-GAAP gross profit between 66.0% and 67.0% . Capital expenditures are projected to be between $20 million and $25 million for the quarter, with approximately $100 million anticipated for all of fiscal year 2027 . ### Related Stocks - [MCHPP.US](https://longbridge.com/en/quote/MCHPP.US.md) ## Related News & Research - [ABB: FY 2026 delivered robust growth, margin expansion, and strategic scale, with strong FY 2027 outlook](https://longbridge.com/en/news/296729552.md) - [NSSC: Record revenue, margin expansion, and recurring growth set stage for strong fiscal 2027](https://longbridge.com/en/news/296814968.md) - [Allreal schedules 2027 annual general meeting](https://longbridge.com/en/news/296733691.md) - [10:00 ETABWA Names Class of 2027 Top Ten Business Women Ahead of National Women's Leadership Conference](https://longbridge.com/en/news/296628028.md) - [Neste updates financial calendar for 2027 reporting schedule](https://longbridge.com/en/news/296187781.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**