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Microchip Technology vs Qnity Electronics: MCHP and Q compared
Microchip Technology is the larger company: $1.6B of revenue in its latest quarter (Q2 FY27) against $1.6B for Qnity Electronics (Q3 2026). Microchip Technology is growing faster (+42% against +22% a year earlier). Microchip Technology is more profitable, with an operating margin of 28.6% against 15.9%.
Where the money goes: MCHP and Q
Microchip Technology (MCHP) · Q2 FY27
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.
Qnity Electronics (Q) · Q3 2026
Qnity Electronics, Q3 2026: revenue $1.6B (+22% year over year), operating margin 15.9%, net earnings $183M, operating cash flow $271M. The chart follows the revenue to costs, profit and cash.
| Microchip Technology (MCHP) | Qnity Electronics (Q) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $1.6B | $1.6B |
| Revenue growth, Y/Y | +42% | +22% |
| Gross margin | 65.9% | — |
| Operating margin | 28.6% | 15.9% |
| Net earnings | $401M | $183M |
| Net margin | 24.8% | 11.8% |
| Operating cash flow | $419M | $271M |
| Free cash flow | $396M | $193M |
| Market value | $32.2B | $24.5B |
| P/E | 38.4× | 44.0× |
| Analysts’ mean target | $93.29 | $173.30 |
Where the revenue comes from
Microchip Technology
- Mixed-signal Microcontrollers: $774M (48%)
- Analog: $459M (28%)
- Other: $388M (24%)
Qnity Electronics
- Semiconductor Technologies: $797M (51%)
- Interconnect Solutions: $759M (49%)
Questions
Which is bigger, Microchip Technology or Qnity Electronics?
Microchip Technology is the larger company: $1.6B of revenue in its latest quarter (Q2 FY27) against $1.6B for Qnity Electronics (Q3 2026).
Is Microchip Technology or Qnity Electronics growing faster?
Microchip Technology is growing faster (+42% against +22% a year earlier).
Which is more profitable, Microchip Technology or Qnity Electronics?
Microchip Technology is more profitable, with an operating margin of 28.6% against 15.9%.
More: Microchip Technology earnings · how Microchip Technology makes money · Qnity Electronics earnings · how Qnity Electronics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.