Microchip net income rises to $230 million in FY26; net sales climb 7.1% to $4.71 billion

Microchip Technology Incorporated

Microchip Technology Incorporated

MCHP

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  • Microchip posted fiscal 2026 net income of $230 million as net sales rose 7.1% to $4.71 billion.
  • Operating income climbed to 10.4% of net sales from 6.7%, while gross margin widened 1.6 percentage points to 57.7%.
  • Cash and cash equivalents fell to $240.3 million at March 31, 2026, down $531.4 million from a year earlier.
  • Inventory declined to $1.04 billion from $1.29 billion, with days of inventory improving to 185 from 251.
  • Restructuring-related special charges and other, net narrowed to $39.7 million from $79.2 million, including costs tied to closing the Tempe, Arizona wafer fabrication facility.


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