MICROCHIP TECHNOLOGY INCORPORATED
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.71B | $4.40B | $7.63B | $8.44B | $6.82B | $5.44B | $5.27B | $5.35B |
| Cost of Revenue | $1.99B | $1.93B | $2.64B | $2.74B | $2.37B | $2.06B | $2.03B | $2.42B |
| Gross Profit | $2.72B | $2.47B | $5.00B | $5.70B | $4.45B | $3.38B | $3.24B | $2.93B |
| Gross Margin | 57.7% | 56.1% | 65.4% | 67.5% | 65.2% | 62.1% | 61.5% | 54.8% |
| Operating Expenses | ||||||||
| Research & Development | $1.09B | $983.8M | $1.10B | $1.12B | $989.1M | $836.4M | $877.8M | $826.3M |
| SG&A Expense | $674.3M | $617.7M | $734.2M | $797.7M | $718.9M | $610.3M | $676.6M | $682.9M |
| Operating Income | $490.1M | $296.3M | $2.57B | $3.12B | $1.85B | $998.1M | $647.1M | $714.3M |
| Operating Margin | 10.4% | 6.7% | 33.7% | 36.9% | 27.1% | 18.4% | 12.3% | 13.4% |
| Interest Expense | — | — | $198.3M | $203.9M | $257.0M | $356.9M | $497.3M | $502.9M |
| Pretax Income | $273.5M | $38.9M | $2.37B | $2.91B | $1.48B | $339.5M | $150.4M | $204.5M |
| Income Tax Expense | $43.5M | $39.4M | $459.0M | $672.0M | $197.0M | $-9.9M | $-420.2M | $-151.4M |
| Net Income | $230.0M | $-500.0K | $1.91B | $2.24B | $1.29B | $349.4M | $570.6M | $355.9M |
| Net Margin | 4.9% | 0.0% | 25.0% | 26.5% | 18.8% | 6.4% | 10.8% | 6.7% |
| EPS (Basic) | $0.22 | $-0.01 | $3.52 | $4.07 | $2.33 | $0.67 | $1.19 | $0.76 |
| EPS (Diluted) | $0.22 | $-0.01 | $3.48 | $4.02 | $2.27 | $0.65 | $1.11 | $0.71 |
| Shares Outstanding (Basic) | 540.4M | 537.3M | 542.0M | 550.4M | 552.3M | 519.2M | 477.7M | 472.4M |
| Shares Outstanding (Diluted) | 545.2M | 537.3M | 548.0M | 557.3M | 565.9M | 541.2M | 512.4M | 499.8M |
| Dividends Per Share | $1.82 | $1.82 | $1.68 | $1.26 | $0.91 | $0.75 | $0.73 | $0.73 |