Microchip Technology (MCHP) Q4 2025 10-Q Quarterly Report

Filed: Feb 5, 2026Period ending Dec 31, 2025
Information Technology
Semiconductors & Related DevicesSEC EDGAR

Microchip Technology (MCHP) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Feb 5, 2026 for the fiscal period ending Dec 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Microchip Technology Q4 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $1,186M Q3 FY26, up 15.6% YoY from $1,026M; Nine months $3,402M down 0.9% YoY from $3,431M
  • Operating margin 12.8% Q3 FY26 vs 3.0% Q3 FY25; Nine months margin 8.0% FY26 vs 11.6% FY25
  • Best segment: Analog revenue up 18.4% Q3 and 7.3% YTD; Worst: Mixed-signal Microcontrollers up 10.0% Q3 but down 3.9% YTD
  • Gross profit margin 59.6% Q3 FY26 vs 54.7% Q3 FY25; Nine months margin 56.5% FY26 vs 57.3% FY25
  • Inventory down to $1.06B with 201 days vs $1.29B and 251 days at prior March; operating cash flow impact not specified
  • Management notes customer inventory reduction supports Q3 sales growth; FY26 full-year outlook affected by inventory cycles and macro risks

Risk Factors

  • New risk: China imposed export restrictions on rare earth minerals and added license requirements in Oct 2025, triggering supply chain constraints risk
  • Material update: Increased dependence on outside wafer foundries now 65% of net sales vs 64% prior year, highlighting higher outsourcing risks
  • Regulatory risk: China’s antidumping investigation on US-origin analog chips (Sept 2025) may lead to tariffs negatively impacting sales in China
  • Operational risk: Interruptions and tariffs affecting suppliers like Nexperia chips reduced customer demand in automotive/consumer electronics segments
  • Financial risk: Potential CHIPS Act grant may add operational complexity and costs despite expected investment tax credit benefits

Microchip Technology Q4 2025 Quarterly Financials
XBRL

Revenue

$1.2B

+15.6% YoY +4.0% QoQ

Net Income

$63M

+217.0% YoY +50.4% QoQ

Net Margin

5.3%

+1051bp YoY +163bp QoQ

Source: XBRL data from Microchip Technology Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

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