Microchip Tech Pref Shares MCHP 7.50 Perp 03/15/2028 | 8-K: FY2026 Q2 Revenue: USD 1.14 B
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 1.14 B.
EPS: As of FY2026 Q2, the actual value is USD 0.03.
Segment Revenue
- Net sales for the second quarter of fiscal 2026 were $1.140 billion, a sequential increase of 6.0% but a decline of 2.0% compared to the same quarter last year.
Operational Metrics
- GAAP Basis: Gross profit was 55.9%, operating income was $88.9 million (7.8% of net sales), and net income attributable to common stockholders was $13.9 million.
- Non-GAAP Basis: Gross profit was 56.7%, operating income was $277.2 million (24.3% of net sales), and net income was $199.1 million.
Cash Flow
- GAAP cash flow from operations was $88.1 million, and free cash flow was $51.6 million for the three months ended September 30, 2025.
Unique Metrics
- Microchip returned approximately $245.8 million to common stockholders through dividends in the September quarter.
- The company introduced the industry’s first 3nm PCIe Gen 6 switch for AI and enterprise data center applications.
Outlook / Guidance
- Microchip expects net sales for the third quarter of fiscal 2026 to be between $1.109 billion and $1.149 billion.
- The company anticipates GAAP gross profit to range from 56.2% to 58.1% and non-GAAP gross profit from 57.2% to 59.2%.
- Capital expenditures for the quarter ending December 31, 2025, are expected to be between $15 million and $25 million.
