Filing Flows › Microchip Technology (MCHP) › Q2 FY27
Microchip Technology (MCHP) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 5, 2026
Microchip Technology (MCHP) reported revenue of $1.6B for the second quarter fiscal 2027 (Q2 FY27), +42% from a year earlier and +9% from the quarter before. Operating margin was 28.6%, net earnings $401M (24.8% of revenue).
Microchip Technology, Q2 FY27: revenue $1.6B (+42% year over year), operating margin 28.6%, net earnings $401M, operating cash flow $419M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +9% | +42% |
| Gross profit | $1.1B | +14% | +67% |
| Operating profit | $464M | +38% | +422% |
| Net earnings | $401M | +75% | +863% |
| Operating cash flow | $419M | -18% | +376% |
| Free cash flow | $396M | -20% | +668% |
What changed
Revenue was $1.6B in Q2 FY27, up 42% year over year and up 9% from the previous quarter. Mixed-signal Microcontrollers was the largest line at 48% of revenue. Mixed-signal Microcontrollers added $0.19B year over year (up 32%), 39% of the total change.
Gross margin was 65.9%, up 9.9 points from Q2 FY26. Operating profit was $0.46B, a 28.6% margin (up 20.9 points year over year). Of the extra revenue versus Q2 FY26, 78% reached operating profit, above the 8% margin then. Operating expenses grew 10% against revenue growth of 42%. The fastest-growing cost line was Research & development (+21%). Net earnings were $0.40B, up 863% year over year. The effective tax rate was 3.9%.
Operating cash flow was $0.42B (up 376% year over year), 104% 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 used $0.21B. Capital expenditures of $0.02B left free cash flow of $0.40B.
Questions
What was Microchip Technology's revenue in the second quarter fiscal 2027?
Microchip Technology (MCHP) reported revenue of $1.6B for the second quarter fiscal 2027 (Q2 FY27), +42% from a year earlier and +9% from the quarter before.
Was Microchip Technology profitable in the second quarter fiscal 2027?
Operating profit was $464M (28.6% of revenue) and net earnings $401M.