Filing Flows › Microchip Technology (MCHP) › Q1 FY27
Microchip Technology (MCHP) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 6, 2026
Microchip Technology (MCHP) reported revenue of $1.5B for the first quarter fiscal 2027 (Q1 FY27), +38% from a year earlier and +13% from the quarter before. Operating margin was 22.7%, net earnings $230M (15.5% of revenue).
Microchip Technology, Q1 FY27: revenue $1.5B (+38% year over year), operating margin 22.7%, net earnings $230M, operating cash flow $512M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +13% | +38% |
| Gross profit | $939M | +17% | +63% |
| Operating profit | $337M | +55% | +949% |
| Net earnings | $230M | +59% | — |
| Operating cash flow | $512M | +99% | +86% |
| Free cash flow | $498M | +105% | +93% |
What changed
Revenue was $1.5B in Q1 FY27, up 38% year over year and up 13% from the previous quarter. Mixed-signal Microcontrollers was the largest line at 50% of revenue. Mixed-signal Microcontrollers added $0.21B year over year (up 39%), 50% of the total change.
Gross margin was 63.2%, up 9.6 points from Q1 FY26. Operating profit was $0.34B, a 22.7% margin (up 19.7 points year over year). Of the extra revenue versus Q1 FY26, 74% reached operating profit, above the 3% margin then. Operating expenses grew 11% against revenue growth of 38%. The fastest-growing cost line was Research & development (+21%). Net earnings were $0.23B. The effective tax rate was 20.7%.
Operating cash flow was $0.51B (up 86% year over year), 223% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.01B left free cash flow of $0.50B.
Questions
What was Microchip Technology's revenue in the first quarter fiscal 2027?
Microchip Technology (MCHP) reported revenue of $1.5B for the first quarter fiscal 2027 (Q1 FY27), +38% from a year earlier and +13% from the quarter before.
Was Microchip Technology profitable in the first quarter fiscal 2027?
Operating profit was $337M (22.7% of revenue) and net earnings $230M.