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Microchip Technology (DE:MCP)
NASDAQ:MCP

Microchip (MCP) Price & Analysis

7 Followers

MCP Stock Chart & Stats

€67.21
€0.00(0.00%)
Market closed
€67.21
€0.00(0.00%)

Bulls Say, Bears Say

Bulls Say
Robust Free Cash Flow GenerationSustained near‑billion dollar operating cash flow and growing free cash flow provide durable funding for capex, dividends and debt paydown. Strong cash conversion cushions the business through cycles, funds strategic investments and supports capital allocation discipline over the next 2–6 months.
Improving Leverage And Sizable Equity BaseA materially lower debt-to-equity ratio and a multi‑billion dollar equity cushion reduce refinancing risk and enhance financial flexibility. The improving leverage trend supports multi‑quarter deleveraging plans and makes incremental investment or targeted M&A less balance‑sheet constrained.
Meaningful Design Wins And Product MomentumHigh‑value design wins (automotive Ethernet, Gen6 PCIe) and hyperscaler sampling create durable revenue streams with multi‑year lifecycles. Once integrated into customer BOMs, these wins drive recurring production demand, margin upside from higher‑mix products and longer term market share gains.
Bears Say
Compressed GAAP Profitability And Weak ReturnsA sharp drop in GAAP margins and returns signals structural earnings pressure versus prior cycles. Lower profitability constrains internal reinvestment capacity, reduces incremental return on new projects, and means even modest revenue setbacks can materially depress reported earnings and ROE.
High Inventory And Ongoing Reserve/underutilization ChargesElevated inventory days and repeated reserves tie up cash and compress gross margins while distribution correction and multi‑year fab ramping prolong cost recognition. Persistent underutilization charges are a structural drag on profitability and signal supply/demand mismatches that can last multiple quarters.
Leverage Remains Elevated Despite ImprovementAlthough trending down, a net‑debt/EBITDA above 4x keeps the company more sensitive to demand shocks and limits shareholder return flexibility. Management's debt‑first posture constrains buybacks and accelerates reliance on cash flow for balance‑sheet repair over the next several quarters.

Microchip News

MCP FAQ

What was Microchip Technology’s price range in the past 12 months?
Microchip Technology lowest stock price was €43.38 and its highest was €90.30 in the past 12 months.
    What is Microchip Technology’s market cap?
    Microchip Technology’s market cap is €45.25B.
      When is Microchip Technology’s upcoming earnings report date?
      Microchip Technology’s upcoming earnings report date is Aug 04, 2026 which is in 62 days.
        How were Microchip Technology’s earnings last quarter?
        Microchip Technology released its earnings results on May 07, 2026. The company reported €0.491 earnings per share for the quarter, beating the consensus estimate of €0.435 by €0.056.
          Is Microchip Technology overvalued?
          According to Wall Street analysts Microchip Technology’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Microchip Technology pay dividends?
            Microchip Technology pays a Quarterly dividend of €0.395 which represents an annual dividend yield of 2.92%. See more information on Microchip Technology dividends here
              What is Microchip Technology’s EPS estimate?
              Microchip Technology’s EPS estimate is 0.6.
                How many shares outstanding does Microchip Technology have?
                Microchip Technology has 542,079,300 shares outstanding.
                  What happened to Microchip Technology’s price movement after its last earnings report?
                  Microchip Technology reported an EPS of €0.491 in its last earnings report, beating expectations of €0.435. Following the earnings report the stock price went down -1.53%.
                    Which hedge fund is a major shareholder of Microchip Technology?
                    Currently, no hedge funds are holding shares in DE:MCP
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Microchip Technology

                      Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller and microprocessor products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.

                      Microchip (MCP) Earnings & Revenues

                      MCP Company Deck

                      MCP Earnings Call

                      Q4 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call presents a constructive operational and financial recovery: revenue and backlog strengthened materially (Q3 net sales +4% sequential, +15.6% YoY; March guidance +6.2% sequential), non-GAAP margins and free cash flow improved, and the company announced meaningful design wins and strategic partnerships (Hyundai, Gen6 PCIe wins). However, noteworthy near-term headwinds remain — inventory days are high, meaningful inventory reserves and underutilization charges continue, leverage is still elevated (net debt/EBITDA 4.18) and certain supply-chain/foundry constraints are broadening. Management is prioritizing debt reduction and cautious OpEx discipline while investing to support growth. On balance, the positive execution, improving demand and strong guidance outweigh the operational and balance-sheet challenges.View all DE:MCP earnings summaries

                      MCP Revenue Breakdown

                      49.98%49.98%28.20%21.83%
                      49.98% Mixed-signal Microcontrollers
                      28.20% Analog
                      21.83% Other
                      tipranks

                      MCP Stock 12 Month Forecast

                      Average Price Target

                      €97.63
                      ▲(45.26% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 31,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 14, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":59.477,"date":1751328000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 38,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 15, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":54.727,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n       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