Nov 5, 4:18 PM ET
Microchip Technology reported net sales of $1.622 billion for the second quarter of fiscal year 2027, representing a 42.2% increase from the same period last year. GAAP net income attributable to common stockholders reached $373.6 million, or $0.68 per diluted share, while non-GAAP net income was $559.2 million, or $0.97 per diluted share.
- Net sales for the September 30, 2026 quarter were $1.622 billion, up 42.2% year-over-year and 9.2% sequentially.
- GAAP EPS was $0.68 and Non-GAAP EPS was $0.97 per diluted share for the quarter.
- The company returned approximately $247.6 million to common stockholders through dividends during the September quarter.
- December quarter net sales are projected to be down 3% to up 1% sequentially, with a midpoint of down 1%.
Read the filing on SEC.gov ↗
Aug 19, 2:57 PM ET
At its August 18, 2026 annual meeting, Microchip stockholders approved an amended and restated 2004 Equity Incentive Plan that increases the shares authorized for issuance by 12,000,000. All seven director nominees were elected, and stockholders also ratified Ernst & Young LLP as auditor and approved the named executive compensation on an advisory basis. The plan change adds shares available for equity awards, which matters to shareholders because it can affect share dilution.
- Equity Incentive Plan amended to add 12,000,000 authorized shares, approved August 18, 2026
- All seven director nominees elected, including Steve Sanghi with 407,175,970 votes for and 37,235,300 against
- Ernst & Young LLP ratified as independent auditor for fiscal year ending March 31, 2027 with 448,748,959 votes for
- Advisory say-on-pay proposal approved with 366,406,303 votes for and 77,323,079 against
Read the filing on SEC.gov ↗
Aug 6, 4:17 PM ET
Microchip reported first-quarter fiscal 2027 results for the period ended June 30, 2026. Net sales of $1.485 billion were up 38.0% from a year earlier and above the midpoint of its May 7 guidance, and GAAP and non-GAAP EPS both exceeded the guided ranges. The company guided September-quarter net sales up 7% to 9% sequentially and declared a 45.5-cent common dividend.
- Net sales $1.485 billion, up 38.0% year over year from $1.076 billion; guidance midpoint was $1.456 billion
- GAAP EPS $0.37 per diluted share versus guidance of $0.28 to $0.29; non-GAAP EPS $0.76 versus guidance of $0.67 to $0.71
- Net income attributable to common stockholders $202.0 million, compared with a loss of $46.4 million a year earlier
- Quarterly common dividend of 45.5 cents per share declared, payable September 9, 2026 to holders of record August 24, 2026
Read the filing on SEC.gov ↗
Jul 24, 4:16 PM ET
Microchip Technology's Chief Operating Officer, Richard J. Simoncic, notified the company on July 23, 2026 that he is resigning effective August 17, 2026 to become Chief Executive Officer of Menlo Microsystems, a private company based in Irvine, California. The filing does not name a successor or describe the reasons for the departure beyond the new role.
- Richard J. Simoncic, Chief Operating Officer, gave notice on July 23, 2026
- Resignation takes effect August 17, 2026
- He is joining Menlo Microsystems, Inc., a private company headquartered in Irvine, California, as CEO
- The filing does not name a replacement for the COO role
Read the filing on SEC.gov ↗
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