Microchip Technology Inc. SEC Filings

Microchip Technology (MCHP) filed its quarterly report for the period ended September 30, 2025. Net sales were $1,140.4 million versus $1,163.8 million a year ago, with gross profit of $637.9 million. Operating income was $88.9 million, down from $146.6 million. Net income was $41.7 million; after $27.8 million of Series A preferred dividends, net income attributable to common stockholders was $13.9 million, or $0.03 per diluted share, versus $0.14 a year ago.

For the first six months, net sales were $2,215.9 million versus $2,405.1 million, and operating income was $121.0 million versus $365.7 million. Operating cash flow was $363.7 million. Cash and cash equivalents were $236.8 million, down from $771.7 million at March 31, 2025. The company settled $1.2 billion of 4.250% 2025 notes in September using Commercial Paper and cash; Commercial Paper outstanding was $1.12 billion. Deferred revenue was $385.8 million, including $291.5 million of LTSA deposits. The company paid a $0.455 per‑share common dividend and $27.8 million on its 7.50% Series A preferred, and disclosed an IRS settlement for fiscal years 2007–2015.

Microchip Technology Incorporated furnished an 8‑K to announce its results of operations for the second quarter of fiscal year 2026. The disclosure was provided under Item 2.02 (Results of Operations and Financial Condition) and, as stated, is being furnished pursuant to General Instruction B(2) and is not deemed filed under Section 18 of the Exchange Act.

The company attached a press release as Exhibit 99.1 titled “Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2026.”

Microchip Technology (MCHP) filed a Form 4/A reporting equity awards to its Chief Operating Officer. On 10/01/2025, the officer received 4,874 Restricted Stock Units and 4,875 Performance Stock Units at $0 per unit.

The RSUs vest in full on November 15, 2029. The PSUs are tied to Microchip’s cumulative non-GAAP operating margin over 12 quarters ending September 30, 2028, with a 30.0% target, and will vest on November 15, 2029 if service conditions are met. The amendment corrects the performance target to 30.0%.

Following the reported transactions, the officer holds 151,057 shares of common stock indirectly via a trust, and 4,874 RSUs and 4,875 PSUs directly.

Microchip Technology (MCHP) reporting person Steve Sanghi, who serves as President, CEO and Chair, amended a Form 4 to disclose his beneficial ownership and recent equity awards. He holds 10,167,682 shares indirectly through The Sanghi Trust (4,261,810) and The Sanghi Family Limited Partnership (5,905,872).

The amendment records two grants dated 10/01/2025: 19,498 restricted stock units that vest in full on 11/15/2029 if he remains a service provider, and 29,246 performance stock units tied to achieving a cumulative 30.0% non-GAAP operating margin over the 12-quarter measurement period ending 9/30/2028. Earned PSUs also vest on 11/15/2029 if service conditions are met.

Amended Form 4 shows that Joseph R. Krawczyk II, Sr. VP, WW Client Engagement at Microchip Technology Incorporated (MCHP), reported transactions with an earliest transaction date of 10/01/2025 and an amendment dated 10/03/2025. The filing reports a disposition of 16,315 shares of common stock and the grant/acquisition of several equity awards: 1,755 Restricted Stock Units and 1,755 Performance Stock Units (PSUs) tied to a cumulative non-GAAP operating margin goal of 30.0% over 12 quarters ending 9/30/2028. Additional RSUs (75 and 124) and PSUs (125) were granted with vesting dates on 11/15/2027, 11/15/2028, 11/15/2028, and 11/15/2029 depending on the award. The amended filing clarifies the 30.0% non-GAAP operating margin metric and states earned awards vest if service continues through each vest date.

Microchip Technology (MCHP) amended a Form 4 to report insider equity activity for Senior VP, Operations Mathew B. Bunker. The amendment records a disposition of 29,736 shares of common stock and the grant of time‑based restricted stock units (RSUs) and performance stock units (PSUs). The awards total 4,817 contingent units: 2,339 RSUs and 2,340 PSUs granted with vesting on 11/15/2029, plus a smaller tranche of 69 RSUs and 69 PSUs vesting on 11/15/2028.

The PSUs are measured against Microchip's cumulative non‑GAAP operating margin over 12 quarters ending 09/30/2028 with a reported target threshold of 30.0%; the actual PSUs earned may be higher or lower depending on performance. The Form 4/A corrects the non‑GAAP operating margin figure and notes that vested shares will be delivered upon vesting if the reporting person remains a service provider.

James Eric Bjornholt, Senior Vice President and Chief Financial Officer of Microchip Technology Incorporated (MCHP), filed an amended Form 4 reporting equity awards and existing indirect holdings. The amendment corrects the performance target to a cumulative non-GAAP operating margin of 30.0% over 12 quarters ending September 30, 2028. On October 1, 2025, the reporting person was granted 3,071 restricted stock units (RSUs) and 3,071 performance stock units (PSUs), each contingent on service and, for PSUs, company performance. The RSUs and any earned PSUs vest and will be delivered on November 15, 2029, provided continued service through vesting.

The filing also shows 30,089 shares of common stock beneficially owned indirectly by the reporting person via a trust. The amendment was filed to state the PSU performance metric precisely as 30.0%, and notes that later reports are deemed to include this correction.

Microchip Technology reported an insider Form 4 for Richard J. Simoncic, the company’s Chief Operating Officer, disclosing non‑derivative and derivative equity awards granted on 10/01/2025. The filing shows 151,057 shares held indirectly in a trust and two new awards delivered directly: 4,874 Restricted Stock Units (RSUs) and 4,875 Performance Stock Units (PSUs). The RSUs vest in full on November 15, 2029 if service continues. The PSUs vest on the same date and are earned based on Microchip’s cumulative non‑GAAP operating margin over 12 quarters ending September 30, 2028, with the target based on achieving 29.0% cumulative margin. Vested awards convert one‑for‑one into common shares.

Microchip Technology (MCHP) reported an insider equity award on a Form 4. On 10/01/2025, the reporting person, who is both a director and an officer, received 19,498 restricted stock units (RSUs) and 29,246 performance stock units (PSUs), both at a price of $0.

The RSUs vest in full on November 15, 2029, subject to continued service. The PSUs represent a target number of shares tied to Microchip’s cumulative non-GAAP operating margin over 12 quarters ending September 30, 2028, with the target set at 29.0%; actual shares earned may be higher or lower, and any earned PSUs vest on November 15, 2029 with continued service. Following the reported transactions, 10,167,682 shares of common stock were beneficially owned indirectly through a trust and a family limited partnership.