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Microchip Technology (MCHP) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 5, 2026
Microchip Technology (MCHP) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +16% from a year earlier and +4% from the quarter before. Operating margin was 12.8%, net earnings $62.7M (5.3% of revenue).
Microchip Technology, Q3 FY26: revenue $1.2B (+16% year over year), operating margin 12.8%, net earnings $62.7M, operating cash flow $341M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +4% | +16% |
| Gross profit | $707M | +11% | +26% |
| Operating profit | $152M | +71% | +391% |
| Net earnings | $62.7M | +50% | — |
| Operating cash flow | $341M | +288% | +26% |
| Free cash flow | $319M | +518% | +26% |
What changed
Revenue was $1.2B in Q3 FY26, up 16% year over year and up 4% from the previous quarter. Mixed-signal Microcontrollers was the largest line at 49% of revenue. Other added $0.06B year over year (up 26%), 35% of the total change.
Gross margin was 59.6%, up 4.9 points from a year earlier. Operating profit was $0.15B, a 12.8% margin (up 9.8 points year over year). Of the extra revenue versus a year earlier, 76% reached operating profit, above the 3% margin then. Operating expenses grew 5% against revenue growth of 16%. The fastest-growing cost line was Research & development (+11%). Net earnings were $0.06B. The effective tax rate was 33.0%.
Operating cash flow was $0.34B (up 26% year over year), 544% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.02B left free cash flow of $0.32B.
Questions
What was Microchip Technology's revenue in the third quarter fiscal 2026?
Microchip Technology (MCHP) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +16% from a year earlier and +4% from the quarter before.
Was Microchip Technology profitable in the third quarter fiscal 2026?
Operating profit was $152M (12.8% of revenue) and net earnings $62.7M.