MICROCHIP TECHNOLOGY INC (MCHP) reports results of its August 18, 2026 annual stockholder meeting and an amendment to its equity plan. Stockholders approved an amendment and restatement of the 2004 Equity Incentive Plan to increase the number of common shares authorized for issuance under the plan by 12,000,000, following prior board approval subject to stockholder consent.
Stockholders elected seven directors, including Ellen L. Barker, Rick Cassidy, Matthew W. Chapman, Mitch Little, Victor Peng, Karen M. Rapp and Steve Sanghi, each to serve until the next annual meeting. They also ratified Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending March 31, 2027, and approved, on an advisory non-binding basis, the compensation of the named executive officers.
Sanghi Steve reported acquisition or exercise transactions in this Form 4 filing.
MICROCHIP TECHNOLOGY INC reported that President, CEO and Chair of the Board Steve Sanghi received a grant of 4,514 restricted stock units, each representing a contingent right to one share of common stock. These units vest in full on May 15, 2028, contingent on continued service, with shares delivered upon vesting. The filing also lists 9,410,407 shares of common stock held indirectly through The Sanghi Trust and The Sanghi Family Limited Partnership. No open-market purchases or sales were reported.
Krawczyk Joseph R II reported acquisition or exercise transactions in this Form 4 filing.
MICROCHIP TECHNOLOGY INC granted 302 Restricted Stock Units to senior officer Joseph R. Krawczyk II on August 7, 2026. Each unit represents one share of common stock and will vest in full on August 15, 2027, contingent on continued service. After this grant, Krawczyk holds 15,144 shares of common stock directly.
Bunker Mathew B reported acquisition or exercise transactions in this Form 4 filing.
Microchip Technology Inc. senior executive Mathew B. Bunker received a grant of 280 Restricted Stock Units, each representing one share of common stock. The units vest in full on August 15, 2027, contingent on continued service. Following this award, he directly holds 17,222 shares of common stock.
Bjornholt James Eric reported acquisition or exercise transactions in this Form 4 filing.
MICROCHIP TECHNOLOGY INC reported that Senior Corporate VP and CFO James Eric Bjornholt received a grant of 409 restricted stock units on August 7, 2026. Each unit represents a contingent right to receive one share of common stock and will vest in full on August 15, 2027, provided he remains a service provider through that date. Vested shares will be delivered to him upon vesting. In addition, an indirect holding entry shows 28,573 shares of common stock held through a trust.
Microchip Technology Incorporated generated $1,484.7 million in net sales for the quarter ended June 30, 2026, up 38% year over year, and earned net income of $229.8 million. Net income attributable to common stockholders was $202.0 million, or $0.37 per diluted share.
Gross margin expanded to 63.2% from 53.6%, helped by product mix, lower underutilization charges, reduced inventory reserves and higher licensing revenue. Operating cash flow was $511.5 million, funding common dividends of $0.455 per share and preferred dividends, while inventory days decreased to 175.
Long-term debt totaled $5,361.3 million with no borrowings on the revolving credit facility and $211.0 million of Commercial Paper outstanding. Management also describes a Malaysian tax dispute that could expose the company to up to $474.7 million in taxes and penalties if resolved adversely.
Microchip Technology Incorporated reported strong results for the first quarter of fiscal 2027, with net sales of $1.485 billion, up 38.0% year over year and 13.2% sequentially, exceeding the midpoint of prior guidance. GAAP diluted EPS was $0.37, compared with a GAAP loss of $0.09 a year earlier, while non-GAAP diluted EPS was $0.76, above the prior guidance range of $0.67 to $0.71.
Non-GAAP operating income reached $521.1 million, or 35.1% of net sales, and free cash flow was $497.6 million. The company returned approximately $246.9 million to common stockholders through dividends and declared a September-quarter common dividend of 45.5 cents per share. Net debt was reduced by approximately $170 million, inventory days improved from 185 to 175, and Q2 fiscal 2027 guidance calls for net sales of $1.589 to $1.618 billion and non-GAAP diluted EPS of $0.91 to $0.95, supported by improving demand and stronger factory utilization.
Microchip Technology Incorporated reported that Chief Operating Officer Richard J. Simoncic has notified the company of his resignation. The notice was given on July 23, 2026, and his resignation will be effective August 17, 2026.
Simoncic is leaving to become Chief Executive Officer of Menlo Microsystems, Inc., a private company headquartered in Irvine, California. The update relates to the departure of a key executive officer overseeing operations at Microchip Technology.
Invesco Ltd. reports beneficial ownership of 26,543,373 shares of Microchip Technology Inc. common stock, representing 4.9% of the outstanding class. The position is held through subsidiary investment advisers, with shares registered in the names of their clients.
Invesco reports sole voting power over 26,291,113 shares and sole dispositive power over 26,543,373 shares, with no shared voting or dispositive authority. No single underlying client or fund shareholder holds more than 5% economic ownership of Microchip Technology common stock.
Invesco Ltd., as parent of certain investment advisers, reports that it may be deemed to beneficially own 27,927,592 shares of Microchip Technology Inc. common stock as of December 31, 2025. This position represents 5.2% of the company’s outstanding common stock.
Invesco reports sole voting power over 27,655,516 shares and sole dispositive power over 27,927,592 shares, with no shared voting or dispositive power. The shares are held of record by clients of Invesco’s investment advisory subsidiaries, and no single client has greater than 5% economic ownership.