Short answer
Microchip Technology (MCHP) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.1B (down 2.0% year over year) with net income of $42M.
Q3 2025 key financials · XBRL
- Revenue
- $1.1B
- −2.0% YoY · +6.0% QoQ
- Net income
- $42M
- −46.8% YoY · +324.2% QoQ
- Operating margin
- 7.8%
- Gross margin
- 55.9%
- EPS (diluted)
- $0.03
- −78.6% YoY · +133.3% QoQ
Source: XBRL data from the Microchip Technology (MCHP) Q3 2025 10-Q on SEC EDGAR. USD.
Microchip Technology Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,140.4M, down 2.0% YoY from $1,163.8M
- Operating margin 7.8% vs 12.6% YoY; gross margin 55.9% vs 57.4%
- Analog best performer: $321.5M, up 10.1% YoY; Other weakest: $234.4M, down 15.4%
- Inventory $1.10B vs $1.29B at March 31; inventory days 199 vs 251
- Headwinds: elevated customer inventories, slow activity, uncertainty, inflation, high interest rates, tariffs and trade restrictions
Risk Factors
- Newly triggered tariff risk: 2025 U.S. tariffs on China and foreign retaliatory tariffs, with semiconductor applicability unresolved
- Most material supply update: China’s October 2025 rare-earth controls added licensing requirements for elements and related magnets
- Regulatory risk: China’s September 13, 2025 antidumping investigation of U.S.-origin analog chips could drive additional tariffs
- Near-term market risk: Nexperia export controls may reduce automotive and consumer-electronics production and demand for Microchip products
- Financial concentration risk: Foreign customers represented 76% of first-six-month fiscal 2026 net sales, including China 18% and Taiwan 15%
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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