Analyst Conference Summary

semiconductors

conference date: August 6, 2026 @ 2:00 PM Pacific Time
for quarter ending: June 30, 2026 (Q1, first fiscal quarter 2027)

Forward-looking statements

Overview:

Basic data (GAAP):

Revenue was $ billion, up % sequentially from $1.31 billion, and up % from $ billion in the year-earlier quarter.

Net income was $ million, up sequentially from $144 million, and up from negative $ million in the year-earlier quarter.

EPS (diluted earnings per share) were $, up sequentially from $0.21, and up from negative $ year-earlier.

Guidance:

Conference Highlights:

CEO Steve Sanghi said ""

Declared a 45.5 cent dividend for shareholders of record on August 22, payable September 5, 2026. Going forward expects for cash flow to exceed the dividend, and excess will be used to pay off debt.

Revenue was % from mixed signal MCUs; % analog; % other. By end market % industrial, % data center, % defense, % automotive, % consumer appliance, % communications.

Microchip closed Fab 2 in mid-May 2025. It is on rotating schedules at Fabs 4 and 5. CHIPS Act activity has been paused.

As usual, many new products were added in the quarter. Microchip conserving capital but supporting new, fast-growing products.

Non-GAAP numbers: Net income was $ million, up % sequentially from $327 million and up % from $ million year-earlier. EPS was $, up % sequentially from $0.57 and up % from $ year-earlier.

Cash and investments ended at $ million, down sequentially from $240 million. Cash flow from operations was $ million. $ million capital spend in quarter. $ million free cash flow. Long term debt was about $ billion, up due to refinancing in quarter. $ million used for dividends. $0 million used for stock repurchases.

GAAP cost of goods sold was $ million, leaving gross profit of $ million. Operating expenses of $ million consisted of: research and development $ million; selling, general and administrative $ million; amortization $ million; and special charges $ million. Leaving operating income of $ million. Other expense $ million. Income tax $ million. Net income $ million. Dividends on Series A Preferred stock $ million. Leaving $ million net income attributable to common stockholders.

Q&A selective summary:

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