OverviewSuggest Edit

Microchip Technology is a company that develops and manufactures specialized semiconductor products for various embedded control applications. It designs, produces, and markets microcontrollers, microprocessors, field-programmable gate array (FPGA) products, a range of linear, mixed-signal, power management, thermal management, discrete diodes, metal oxide semiconductor field-effect transistors (MOSFETs), radio frequency (RF), timing systems, safety, security, and wired connectivity and wireless connectivity devices, as well as a variety of memory products, and Flash-IP solutions. The company serves the automotive, aerospace, defense, space, communications, computing, consumer, and industrial control markets.
TypePublic
Founded1989
HQChandler, AZ, US
Websitemicrochip.com
Employee Ratings3.9
Overall CultureB

Latest Updates

Employees (est.) (Mar 2021)19,500(+9%)
Job Openings1,518
Revenue (FY, 2021)$5.4 B(+4%)
Share Price (May 2022)$65.9(-1%)
Cybersecurity ratingCMore
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Key People/Management at Microchip

Steve Sanghi

Steve Sanghi

Executive Chair
Ganesh Moorthy

Ganesh Moorthy

President & Chief Executive Officer & Director
J. Eric Bjornholt

J. Eric Bjornholt

Senior Vice President, Chief Financial Officer
Mitchell R. Little

Mitchell R. Little

Senior Vice President, Worldwide Client Engagement
Richard J. Simoncic

Richard J. Simoncic

Senior Vice President, Analog Power and Interface Business Unit
Lauren A. Carr

Lauren A. Carr

Senior Vice President, Global Human Resources
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Microchip Office Locations

Microchip has offices in Chandler, Austin, Duluth, Hauppauge and in 62 other locations
Chandler, AZ, US (HQ)
2355 W Chandler Blvd
Austin, TX, US
8601 Ranch Rd 2222 Bldg. 3
Duluth, GA, US
2055 Sugarloaf Cir Suite 525
Hauppauge, NY, US
80 Arkay Dr #100
Irvine, CA, US
165 Technology Dr
Itasca, IL, US
333 Pierce Rd STE 180
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Microchip Financials and Metrics

Microchip Revenue

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View revenue for all periods
Microchip's revenue was reported to be $5.44 b in FY, 2021 which is a 3.1% increase from the previous period.
USD

Revenue (Q3, 2022)

1.8b

Gross profit (Q3, 2022)

1.2b

Gross profit margin (Q3, 2022), %

65.6%

Net income (Q3, 2022)

352.8m

EBIT (Q3, 2022)

515.0m

Market capitalization (16-May-2022)

36.6b

Closing stock price (16-May-2022)

65.9

Cash (31-Dec-2021)

313.5m

EV

44.1b
Microchip's current market capitalization is $36.6 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

5.3b5.3b5.4b

Revenue growth, %

34%(1%)3%

Cost of goods sold

2.4b2.0b2.1b

Gross profit

2.9b3.2b3.4b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

1.3b1.3b1.3b1.3b1.3b1.4b1.6b1.6b1.8b

Cost of goods sold

507.4m510.3m501.9m511.4m501.6m506.3m561.8m581.5m604.2m

Gross profit

815.2m827.5m785.5m798.3m807.9m845.8m1.0b1.1b1.2b

Gross profit Margin, %

62%62%61%61%62%63%64%65%66%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

428.6m401.0m280.0m

Accounts Receivable

880.6m934.0m997.7m

Inventories

711.7m685.7m665.0m

Current Assets

2.2b2.2b2.1b
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

355.9m570.6m349.4m

Depreciation and Amortization

876.4m1.2b1.2b

Inventories

341.6m28.8m18.4m

Accounts Payable

(180.7m)11.4m17.6m
Quarterly
USDFY, 2019

EV/EBIT

41.4 x

EV/CFO

17.6 x

Revenue/Employee

292.5k

Debt/Equity

1.9 x

Debt/Assets

0.6 x

Financial Leverage

3.5 x

P/E Ratio

58.4
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Microchip Operating Metrics

Microchip's Customers was reported to be 122 k in Q3, 2022. Microchip's Backlog was reported to be $2.4b in FY, 2020.
FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021Q1, 2022Q2, 2022Q3, 2022

Backlog

$2.38 b$2.42 b

Microcontrollers Shipped

25 b27.2 b29.5 b

Microcontrollers Offered

3.7 k3.95 k

Customers

121 k122 k120 k120 k120 k120 k113 k113114 k117.7 k112.5 k122 k
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Microchip Acquisitions / Subsidiaries

Company NameDateDeal Size
LegUp ComputingOctober 21, 2020
TekronOctober 02, 2020
MicrosemiMay 29, 2018$10.2 b
AtmelApril 04, 2016$3.6 b
MicrelAugust 03, 2015$839 m
ISSC Technologies CorpJuly 14, 2014$328.5 m
SupertexApril 01, 2014$234.2 m
EqcoLogicNovember 21, 2013
Novocell SemiconductorJune 03, 2013
SMSCAugust 02, 2012$830 m
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Microchip Revenue Breakdown

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Microchip revenue breakdown by business segment: 98.1% from Semiconductor Products and 1.9% from Other

Microchip revenue breakdown by geographic segment: 55.3% from Asia, 19.2% from Europe and 25.5% from Americas

Microchip Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

Microchip Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Microchip Online and Social Media Presence

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Microchip Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    A+

    79/100

  • Compensation

    C

    61/100

  • Diversity

    A

    78/100

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Microchip News and Updates

Microchip Technology reports record revenue, strong forecast amid semiconductor shortage

Microchip Technology Inc. reported record annual sales and projected better-than-expected sales this quarter on strong demand despite continued manufacturing capacity constraints.

Microchip Technology Declares Quarterly Cash Dividend Increase to 27.6 Cents Per Share

CHANDLER, Ariz., May 09, 2022 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 27.6 cents per …

Microchip Technology (MCHP) Scheduled to Post Earnings on Monday

Microchip Technology (NASDAQ:MCHP – Get Rating) will release its earnings data after the market closes on Monday, May 9th. Analysts expect Microchip Technology to post earnings of $1.17 per share for the quarter. Microchip Technology has set its Q4 guidance at $1.22-1.28 EPS.

Microchip Memory Device Extends Options for Designing Space Systems

Microchip Technology Inc. has extended its family of commercial-off-the-shelf (COTS)-based, RT SuperFlash devices and is bringing its memory technology’s unrivaled 50krad Total Ionizing Dose (TID) tolerance to a 64-Mbit serial quad I/O NOR flash memory device for use in harsh aerospace and defense s…

Microchip releases five new 8-bit PIC® and AVR® MCUs product families and over 60 new devices

With smartphones, autonomous vehicles, and 5G wireless connectivity dominating the landscape of embedded design in 2022, Microchip’s 8-bit PIC® and AVR® microcontroller (MCU) families are gaining market share. Over the past 50 years, the market for 8-bit MCUs has grown steadily and Microchip current…

Microchip Technology offers GridTime 3000 for utilities

Microchip Technology Inc. has announced its GridTime 3000 GNSS time server, a software-configurable solution providing power plants and substations with a new level of redundancy, security and resiliency to protect against surges, adverse weather and cyberattacks targeting critical infrastructure.
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Microchip Frequently Asked Questions

  • When was Microchip founded?

    Microchip was founded in 1989.

  • Who are Microchip key executives?

    Microchip's key executives are Steve Sanghi, Ganesh Moorthy and J. Eric Bjornholt.

  • How many employees does Microchip have?

    Microchip has 19,500 employees.

  • What is Microchip revenue?

    Latest Microchip annual revenue is $5.4 b.

  • What is Microchip revenue per employee?

    Latest Microchip revenue per employee is $278.9 k.

  • Who are Microchip competitors?

    Competitors of Microchip include STMicroelectronics Italia, Integrated Micro-Electronics and Marvell Technology.

  • Where is Microchip headquarters?

    Microchip headquarters is located at 2355 W Chandler Blvd, Chandler.

  • Where are Microchip offices?

    Microchip has offices in Chandler, Austin, Duluth, Hauppauge and in 62 other locations.

  • How many offices does Microchip have?

    Microchip has 67 offices.