Microchip Technology Incorporated (MCHP)

In March 2025, Microchip Technology announced a restructuring plan involving job cuts and facility closures, expected to yield $90 million in annual savings. The company's Q1 2026 earnings, reported on August 7, 2025, showed an EPS of $0.27, surpassing estimates, but revenue decreased by 13.3% year-over-year. As of October 22, 2025, the stock price was $64.50 per share, a 14.31% decline from the previous year. Analysts have given the stock a "Moderate Buy" rating with a consensus price target of $75.75.

Microchip Technology anticipates a return to seasonality, with revenues potentially dropping or remaining flat in its fiscal third quarter. Management expects this year's seasonality to be more pronounced due to macroeconomic challenges. The company's growth is driven by market megatrends like 5G, IoT/Edge Computing, Data Centers, E-Mobility, Sustainability, and ADAS/Autonomous Driving.

Microchip Technology Inc. is an American publicly traded semiconductor corporation specializing in smart, connected, and secure embedded control solutions, including microcontrollers, analog integrated circuits, and other semiconductors. Its products cater to automotive, industrial automation, consumer electronics, communications, aerospace and defense, data centers, and IoT applications.

Microchip Technology operates globally across the Americas, Europe, and Asia. Its headquarters are in Chandler, Arizona, with wafer fabrication facilities in Gresham, Oregon, and Colorado Springs, Colorado. Assembly and testing facilities are located in Chachoengsao, Thailand, and Calamba and Cabuyao, Philippines.

Microchip Technology has a strong brand reputation for reliability, performance, and embedded security. New product launches, such as the PIC32-BZ6 MCU and TimeProvider® 4500 v3 grandmaster clock, analyst upgrades from Piper Sandler, Mizuho, Evercore ISI, and B. Riley, a $162 million government grant under the U.S. CHIPS and Science Act, and the launch of the MPLAB AI Coding Assistant have positively impacted the company's brand reputation.

Microchip Technology is predominantly owned by institutional shareholders, holding approximately 91.51% of the stock, while insiders own about 1.94%. Major institutional owners include Vanguard Group Inc, BlackRock Inc, and State Street Corp. The largest individual shareholder is Steve Sanghi, who owns 31.34% of the company.