Filing Flows › Microchip Technology (MCHP) › Q2 FY26
Microchip Technology (MCHP) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 6, 2025
Microchip Technology (MCHP) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), -2% from a year earlier and +6% from the quarter before. Operating margin was 7.8%, net earnings $41.7M (3.7% of revenue).
Microchip Technology, Q2 FY26: revenue $1.1B (-2% year over year), operating margin 7.8%, net earnings $41.7M, operating cash flow $88.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +6% | -2% |
| Gross profit | $638M | +11% | -5% |
| Operating profit | $88.9M | +177% | -39% |
| Net earnings | $41.7M | — | -47% |
| Operating cash flow | $88.1M | -68% | +102% |
| Free cash flow | $51.6M | -80% | +126% |
What changed
Revenue was $1.1B in Q2 FY26, down 2% year over year and up 6% from the previous quarter. Mixed-signal Microcontrollers was the largest line at 51% of revenue. Other lost $0.04B year over year (down 15%), 182% of the total change.
Gross margin was 55.9%, down 1.5 points from a year earlier. Operating profit was $0.09B, a 7.8% margin (down 4.8 points year over year). Operating expenses grew 5% against a revenue fall of 2%. Net earnings were $0.04B, down 47% year over year. The effective tax rate was -31.1%.
Operating cash flow was $0.09B (up 102% year over year), 211% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.19B. Capital expenditures of $0.04B left free cash flow of $0.05B.
Questions
What was Microchip Technology's revenue in the second quarter fiscal 2026?
Microchip Technology (MCHP) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), -2% from a year earlier and +6% from the quarter before.
Was Microchip Technology profitable in the second quarter fiscal 2026?
Operating profit was $88.9M (7.8% of revenue) and net earnings $41.7M.