Quarterly ResultAug 6, 2026, 04:34 PM
Microchip Q2 Net Sales $1.48B; EPS $0.37
AI Summary
Microchip Technology reported strong financial results for the three months ended June 30, 2026, with net sales increasing significantly to $1,484.7 million from $1,075.5 million year-over-year. The company achieved a net income attributable to common stockholders of $202.0 million, a substantial turnaround from a net loss in the prior year period, resulting in diluted EPS of $0.37. Operating income and gross profit also saw considerable improvements, and the company reduced its long-term debt.
Key Highlights
- Net sales increased to $1,484.7 million for Q2 2026, up from $1,075.5 million in Q2 2025.
- Net income attributable to common stockholders was $202.0 million, compared to a net loss of $46.4 million in Q2 2025.
- Diluted EPS was $0.37 for Q2 2026, a significant improvement from $(0.09) in Q2 2025.
- Gross profit rose to $938.9 million in Q2 2026 from $576.7 million in Q2 2025.
- Net cash provided by operating activities was $511.5 million, up from $275.6 million in Q2 2025.
- Long-term debt decreased to $5,361.3 million at June 30, 2026, from $5,496.4 million at March 31, 2026.
- Semiconductor products net sales were $1,442.1 million, and technology licensing net sales were $42.6 million.
- Dividends declared per common share remained at $0.455.
Price Impact
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