Filing Flows › Microchip Technology (MCHP) › Q1 FY26
Microchip Technology (MCHP) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 7, 2025
Microchip Technology (MCHP) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), -13% from a year earlier and +11% from the quarter before. Operating margin was 3.0%, net loss $18.6M (1.7% of revenue).
Microchip Technology, Q1 FY26: revenue $1.1B (-13% year over year), operating margin 3.0%, net loss $18.6M, operating cash flow $276M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +11% | -13% |
| Operating profit | $32.1M | — | — |
| Net earnings | −$18.6M | — | — |
| Operating cash flow | $276M | +34% | -27% |
| Free cash flow | $258M | +34% | -15% |
What changed
Revenue was $1.1B in Q1 FY26, down 13% year over year and up 11% from the previous quarter. Mixed-signal Microcontrollers was the largest line at 50% of revenue. Mixed-signal Microcontrollers lost $0.11B year over year (down 17%), 68% of the total change.
Gross margin was 53.6%, down 5.7 points from a year earlier. Operating profit was $0.03B, a 3.0% margin (down 14.7 points year over year). Operating expenses grew 5% against a revenue fall of 13%. The quarter ended with a net loss of $0.02B, narrower than the previous quarter's $0.15B loss. Net interest and other expense of $0.05B was the main reason.
Operating cash flow was $0.28B (down 27% year over year). Non-cash charges added back $0.17B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.02B left free cash flow of $0.26B.
Questions
What was Microchip Technology's revenue in the first quarter fiscal 2026?
Microchip Technology (MCHP) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), -13% from a year earlier and +11% from the quarter before.
Was Microchip Technology profitable in the first quarter fiscal 2026?
Operating profit was $32.1M (3.0% of revenue) and net loss $18.6M.