Microchip Technology

Microchip Technology Inc. develops and manufactures semiconductor products for various embedded control applications worldwide. Its portfolio comprises 8- and 16-bit pic microcontrollers and 16-bit dspic digital signal controllers, which feature onboard flash (reprogrammable) memory technology; and linear, mixed-signal, power management, thermal management, battery management, and interface devices. Development tools enable system designers to program a pic microcontroller and dspic digital signal controllers for specific applications. Application-specific standard products include patented keeloq security devices; memory products include serial electrically erasable programmable read-only memory. The Company sells to the automotive, communications, computing, consumer, medical electronics, and industrial control markets.

Company Growth (employees)
Type
Public
HQ
Chandler, US
Founded
1989
Size (employees)
12,656 (est)
Microchip Technology was founded in 1989 and is headquartered in Chandler, US

Microchip Technology Office Locations

Microchip Technology has an office in Chandler
Chandler, US (HQ)
2355 W Chandler Blvd

Microchip Technology Data and Metrics

Microchip Technology Financial Metrics

Microchip Technology's revenue was reported to be $3.4 b in FY, 2017 which is a 57% increase from the previous period.
USD

Revenue (FY, 2017)

3.4 b

Revenue growth (FY, 2016 - FY, 2017), %

57%

Gross profit (FY, 2017)

1.8 b

Gross profit margin (FY, 2017), %

52%

EBIT (FY, 2017)

275.8 m

Market capitalization (22-Aug-2017)

20.1 b

Cash (31-Mar-2017)

908.7 m

EV

22.1 b
Microchip Technology's current market capitalization is $20.1 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.9 b2.1 b2.2 b3.4 b

Revenue growth, %

11%1%57%

Cost of goods sold

967.9 m1.7 b

Gross profit

1.2 b1.8 b

Gross profit Margin, %

55%52%

R&D expense

545.3 m

General and administrative expense

499.8 m

Operating expense total

1 b

EBIT

459 m425.9 m352.7 m275.8 m

EBIT margin, %

24%20%16%8%

Interest expense

104 m146.3 m

Interest income

24.4 m3.1 m

Pre tax profit

281.3 m89.8 m

Income tax expense

(42.6 m)(80.8 m)

Net Income

395.3 m365.3 m323.9 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

528.9 m546.2 m528.7 m534 m541.4 m540.3 m799.4 m871.4 m834.4 m

Cost of goods sold

222.4 m238.8 m226.8 m224.9 m240.4 m247.6 m450.9 m460.7 m369.1 m

Gross profit

306.5 m307.5 m302 m309 m301 m292.7 m348.5 m410.6 m465.3 m

Gross profit Margin, %

58%56%57%58%56%54%44%47%56%

R&D expense

84.4 m88.8 m88.7 m84.7 m95.3 m97 m147.9 m137.8 m132.4 m

General and administrative expense

69.3 m66.7 m66.8 m80.3 m76.3 m157.5 m120.1 m111 m

Operating expense total

153.6 m88.8 m155.4 m151.5 m175.5 m173.3 m305.4 m257.9 m243.5 m

EBIT

115.9 m101.3 m98 m121.3 m74.9 m76.1 m(59.1 m)62.8 m118.1 m

EBIT margin, %

22%19%19%23%14%14%(7%)7%14%

Interest expense

13.7 m14 m14.2 m24.1 m25.6 m27.5 m34.4 m35.1 m35.1 m

Interest income

4.7 m4.5 m4.9 m5.5 m6.4 m6.7 m819 k445 k501 k

Pre tax profit

107 m90.7 m86.2 m119.6 m54 m50.2 m(90.7 m)25.2 m83.5 m

Income tax expense

17.1 m(1.3 m)1.4 m(10.9 m)(10.9 m)(11.1 m)18.5 m(10.3 m)(23.8 m)

Net Income

89.9 m92 m84.8 m130.5 m64.9 m61.2 m(113.4 m)33.9 m107.2 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

466.6 m607.8 m2.1 b908.7 m

Accounts Receivable

242.4 m273.9 m290.2 m478.4 m

Inventories

262.7 m279.5 m306.8 m417.2 m

Current Assets

2 b2.7 b3.1 b2.3 b

PP&E

532 m581.6 m609.4 m683.3 m

Goodwill

276.1 m571.3 m1 b2.3 b

Total Assets

4.1 b4.8 b5.6 b7.7 b

Accounts Payable

74.1 m86.9 m79.3 m149.2 m

Total Debt

3 b

Current Liabilities

336.1 m354 m382 m704.5 m

Additional Paid-in Capital

1.2 b999.5 m1.4 b2.5 b

Retained Earnings

1.5 b1.5 b1.6 b1.5 b

Total Equity

2.1 b2.1 b2.2 b3.3 b

Debt to Equity Ratio

0.9 x

Debt to Assets Ratio

0.4 x

Financial Leverage

1.9 x2.3 x2.6 x2.4 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

617.8 m481.4 m456.3 m563.5 m539.1 m331.5 m600.5 m490 m663.9 m

Accounts Receivable

286.7 m287.5 m242.6 m277 m281.1 m248 m435.5 m451 m475.1 m

Inventories

264.5 m275.7 m276.1 m303.7 m363.8 m319.5 m518.4 m424.7 m419.6 m

Current Assets

2.5 b2 b1.8 b2.3 b2.8 b1.6 b1.7 b1.5 b1.7 b

PP&E

569.9 m585.1 m577.1 m595.2 m631.6 m622.8 m732.8 m717 m698.7 m

Goodwill

409.9 m558 m565.3 m571.7 m1 b1 b2.4 b2.4 b2.4 b

Total Assets

4.5 b4.6 b4.6 b4.9 b5.8 b5.4 b7.4 b7.1 b7.1 b

Accounts Payable

79.9 m94.4 m76.9 m93.7 m72.4 m69.1 m137.6 m131.6 m135.2 m

Current Liabilities

359.7 m385.5 m353.1 m372.3 m371.8 m343.9 m573.3 m578.8 m651.6 m

Additional Paid-in Capital

1.2 b1.2 b1.3 b1 b1.4 b1.4 b1.9 b1.9 b1.9 b

Retained Earnings

1.5 b1.5 b1.5 b1.6 b1.6 b1.6 b1.4 b1.4 b1.4 b

Total Equity

2.2 b2.3 b2.3 b2.1 b2.1 b2.1 b2.5 b2.5 b2.6 b

Financial Leverage

2.1 x2 x2 x2.3 x2.7 x2.6 x2.9 x2.8 x2.8 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

395.3 m365.3 m323.9 m

Depreciation and Amortization

189.1 m278.3 m283.2 m469.2 m

Accounts Receivable

(13 m)(16 m)(2.2 m)(46.8 m)

Cash From Operating Activities

676.6 m721.2 m744.5 m1.1 b

Capital Expenditures

(113.1 m)(149.5 m)(97.9 m)(75.3 m)

Cash From Investing Activities

(503.3 m)(678.3 m)800.4 m(2.8 b)

Long-term Borrowings

(350 m)

Cash From Financing Activities

(235 m)98.5 m(59.9 m)595.5 m

Free Cash Flow

789.6 m870.7 m842.4 m984.1 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

89.9 m92 m84.8 m130.5 m64.9 m61.2 m(113.4 m)33.9 m107.2 m

Accounts Receivable

286.7 m287.5 m242.6 m277 m281.1 m248 m435.5 m451 m475.1 m

Inventories

264.5 m275.7 m276.1 m303.7 m363.8 m319.5 m518.4 m424.7 m419.6 m

Accounts Payable

79.9 m94.4 m76.9 m93.7 m72.4 m69.1 m137.6 m131.6 m135.2 m
USDY, 2017

EV/EBIT

80.2 x

EV/CFO

20.9 x

EV/FCF

22.5 x

Revenue/Employee

291.4 k

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.4 x

Microchip Technology Operating Metrics

Microchip Technology's Backlog was reported to be $1.6 b in FY, 2017
FY, 2015FY, 2016FY, 2017

Backlog

$765 m$1.21 b$1.62 b

    Microchip Technology Market Value History

    Microchip Technology Revenue Breakdown

    Microchip Technology Median Salaries

    Source: 237 public H-1B filings from Microchip Technology

    Traffic Overview of Microchip Technology

    Microchip Technology Online and Social Media Presence

    Microchip Technology News and Updates

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    Microchip Technology Company Life and Culture

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