Short answer
Microchip Technology (MCHP) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $1.5B (up 38.0% year over year) with net income of $230M.
Q2 2026 key financials · XBRL
- Revenue
- $1.5B
- +38.0% YoY
- Net income
- $230M
- +1335.5% YoY
- Operating margin
- 22.7%
- Gross margin
- 63.2%
- EPS (diluted)
- $0.37
- +511.1% YoY
Source: XBRL data from the Microchip Technology (MCHP) Q2 2026 10-Q on SEC EDGAR. USD.
Microchip Technology Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,484.7M, up 38.0% YoY from $1,075.5M
- Gross margin 63.2% vs 53.6% YoY; operating margin 22.7% vs 3.0%
- Best line Other: $334.7M, up 47.6% YoY; worst Analog: $410.9M, up 29.9%
- Inventory $1.05B vs $1.04B; inventory days declined to 175 from 185
- Outlook positive with strong revenue growth; macro uncertainty, recession risk, geopolitical tensions, tariffs as headwinds
Risk Factors
- New tariff-refund uncertainty triggered by February 20, 2026 Supreme Court IEEPA ruling and April 20, 2026 CBP processing
- Most materially updated China compliance risk from April 13, 2026 retaliation regulation creating potential civil liability for foreign-law compliance
- Foreign-sales concentration: 76% of net sales, including 19% China and 15% Taiwan, increasing exposure to geopolitical disruption
- External manufacturing reliance: foundry-produced products represented 67% of net sales in the first three months of fiscal 2027
- Rare-earth supply risk from China’s 2025 export restrictions and licensing requirements affecting semiconductor inputs
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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