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 CultureC

Latest Updates

Employees (est.) (Mar 2020)18,000(-1%)
Job Openings1,011
Revenue (FY, 2021)$5.4 B(+4%)
Share Price (Jul 2021)$138.4(-1%)
Cybersecurity ratingBMore

Key People/Management at Microchip

Steve Sanghi

Steve Sanghi

Chairman of the Board and Chief Executive Officer
Ganesh Moorthy

Ganesh Moorthy

President, Chief Operating Officer & Director
J. Eric Bjornholt

J. Eric Bjornholt

Senior Vice President, Chief Financial Officer
Karlton Johnson

Karlton Johnson

Director
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
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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 #525
Hauppauge, NY, US
80 Arkay Dr #100
Houston, TX, US
555 19500 TX-249
Itasca, IL, US
333 Pierce Rd #180
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Microchip Financials and Metrics

Microchip Revenue

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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 (FY, 2021)

5.4b

Revenue growth (FY, 2020 - FY, 2021), %

3.1%

Gross profit (FY, 2021)

3.4b

Gross profit margin (FY, 2021), %

62.1%

Net income (FY, 2021)

349.4m

EBIT (FY, 2021)

998.1m

Market capitalization (22-Jul-2021)

37.9b

Closing stock price (22-Jul-2021)

138.4

Cash (31-Mar-2021)

280.0m

EV

46.5b
Microchip's current market capitalization is $37.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

3.4b4.0b5.3b5.3b5.4b

Revenue growth, %

57%17%34%(1%)3%

Cost of goods sold

1.7b1.6b2.4b2.0b2.1b

Gross profit

1.8b2.4b2.9b3.2b3.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

972.1m1.0b994.2m1.2b1.4b1.4b1.3b1.3b1.3b1.3b1.3b1.4b

Cost of goods sold

387.7m398.0m387.1m570.5m743.2m595.1m507.4m510.3m501.9m511.4m501.6m506.3m

Gross profit

584.4m614.1m607.1m642.0m689.3m779.6m815.2m827.5m785.5m798.3m807.9m845.8m

Gross profit Margin, %

60%61%61%53%48%57%62%62%61%61%62%63%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

908.7m901.3m428.6m401.0m280.0m

Accounts Receivable

478.4m563.7m880.6m934.0m997.7m

Prepaid Expenses

41.4m63.9m

Inventories

417.2m476.2m711.7m685.7m665.0m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

164.6m255.4m355.9m570.6m349.4m

Depreciation and Amortization

469.2m615.9m876.4m1.2b1.2b

Inventories

223.7m(59.2m)341.6m28.8m18.4m

Accounts Payable

(16.1m)(13.9m)(180.7m)11.4m17.6m
USDFY, 2017

Revenue/Employee

291.4k

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.4 x
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Microchip Operating Metrics

Microchip's Backlog was reported to be $2.4b in FY, 2020.
FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Backlog

$765 m$1.21 b$1.62 b$1.83 b$2.38 b$2.42 b

Microcontrollers Shipped

15 b17 b19 b22 b25 b27.2 b

Microcontrollers Offered

1.3 k1.4 k2.8 k3 k3.7 k3.95 k

Development Tools Shipped to Date

1.8 m2 m2.2 m2.4 m
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Microchip Acquisitions / Subsidiaries

Company NameDateDeal Size
LegUp ComputingOctober 21, 2020
TekronOctober 02, 2020
MicrosemiMarch 01, 2018$10.2 b
AtmelJanuary 19, 2016$3.6 b
MicrelMay 08, 2015$839 m
ISSC Technologies CorpJuly 14, 2014$328.5 m
SupertexFebruary 10, 2014
EqcoLogicNovember 21, 2013
Novocell SemiconductorJune 04, 2013
IDENT TechnologyMay 02, 2012
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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: 25.5% from Americas, 55.3% from Asia and 19.2% from Europe

Microchip Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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

    C

    65/100

  • CEO Rating

    A

    75/100

  • Compensation

    D+

    57/100

  • Diversity

    A-

    76/100

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Microchip News and Updates

Microchip Announces Production Shipments of Industry’s First NVMe and 24G SAS Tri-mode RAID and HBA Storage Adapters

Adaptec® Smart Storage Adapters Provide Increased Performance, Security and Scalability While Simplifying Storage Management Adaptec® Smart Storage Adapters Provide Increased Performance, Security and Scalability While Simplifying Storage Management

Growing Margins Could Help Microchip Technology Stock Regain Early-2021 Highs

Despite a 2.5x rise from its low in March 2020, at the current price of $145 per share, we believe Microchip Technology stock has further upside potential. Microchip stock rose from $58 in March 2020 to $145 currently, while the S&P increased by around 90% from its lows. Further, the stock is up…

Microchip Boosts Gallium Nitride (GaN) Radio Frequency (RF) Portfolio with Ka-band Monolithic Microwave Integrated Circuit (MMIC) with High Linearity for SatCom Terminals

The GMICP2731-10 helps maintain signal fidelity by allowing Earth stations to transmit at high RF levels without sacrificing the quality of the signal The GMICP2731-10 helps maintain signal fidelity by allowing Earth stations to transmit at high RF levels without sacrificing the quality of the signa…

Microchip Simplifies Deployment of Wi-Fi 6 Access Points and Small Cell Nodes with First Multiport, Multigigabit PoE Injector

Wi-Fi 6 and small cell devices can now be installed more easily and cost effectively, wherever they are needed Wi-Fi 6 and small cell devices can now be installed more easily and cost effectively, wherever they are needed

Microchip Technology to Present at the Nasdaq 44th Investor Conference

CHANDLER, Ariz., June 14, 2021 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that the Company will present at the Nasdaq 44th Investor Conference on Tuesday, June 15, 2021, at 12:…

Microchip Technology to Present at the Needham 5th Annual Virtual Automotive Tech Conference

CHANDLER, Ariz., June 07, 2021 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, announced today that the Company will present at the Needham 5th Annual Virtual Automotive Tech Conference on Tuesday, June 8, 2021, a…
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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 18,000 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 $302.1 k.

  • Who are Microchip competitors?

    Competitors of Microchip include DSP Group, Marvell Technology and GlobalFoundries.

  • 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.