$MCHP
Microchip Technology Inc Stock $mchp

$mchp Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000082705424000139 Filed on August 01, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$1.164B	$1.241B
YoY Change	-48.37%	-45.76%
Cost Of Revenue	$495.3M	$504.4M
YoY Change	-31.86%	-30.92%
Gross Profit	$668.5M	$736.9M
YoY Change	-56.23%	-52.71%
Gross Profit Margin	57.44%	59.37%
Selling, General & Admin	$157.0M	$150.5M
YoY Change	-20.14%	-26.08%
% of Gross Profit	23.49%	20.42%
Research & Development	$240.7M	$241.7M
YoY Change	-17.74%	-19.03%
% of Gross Profit	36.01%	32.8%
Depreciation & Amortization	$41.20M	$188.7M
YoY Change	-12.34%	-15.34%
% of Gross Profit	6.16%	25.61%
Operating Expenses	$521.9M	$517.8M
YoY Change	-18.76%	-20.78%
Operating Profit	$146.6M	$219.1M
YoY Change	-83.44%	-75.78%
Interest Expense	$59.10M	$61.80M
YoY Change	26.28%	-235.23%
% of Operating Profit	40.31%	28.21%
Other Income/Expense, Net	$2.000M	$1.700M
YoY Change	-164.52%
Pretax Income	$91.50M	$161.8M
YoY Change	-89.02%	-80.93%
Income Tax	$13.10M	$32.50M
% Of Pretax Income	14.32%	20.09%
Net Earnings	$78.40M	$129.3M
YoY Change	-88.24%	-80.6%
Net Earnings / Revenue	6.74%	10.42%
Basic Earnings Per Share	$0.15	$0.24
Diluted Earnings Per Share	$0.14	$0.24
COMMON SHARES
Basic Shares Outstanding	536.5M shares	536.9M shares
Diluted Shares Outstanding	542.0M shares	542.8M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$286.1M	$315.1M
YoY Change	11.32%	16.19%
Cash & Equivalents	$286.1M	$315.1M
Short-Term Investments
Other Short-Term Assets	$235.5M	$229.4M
YoY Change	1.2%	16.45%
Inventory	$1.340B	$1.308B
Prepaid Expenses
Receivables	$1.044B	$1.096B
Other Receivables	$10.70M	$16.80M
Total Short-Term Assets	$2.906B	$2.948B
YoY Change	-17.61%	-9.83%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.171B	$1.196B
YoY Change	-2.96%	0.89%
Goodwill	$6.682B	$6.682B
YoY Change	0.1%	0.1%
Intangibles	$2.655B	$2.776B
YoY Change	-14.06%	-14.67%
Long-Term Investments
YoY Change
Other Assets	$571.7M	$637.3M
YoY Change	8.3%	-69.81%
Total Long-Term Assets	$12.72B	$12.89B
YoY Change	-2.74%	-2.52%
TOTAL ASSETS
Total Short-Term Assets	$2.906B	$2.948B
Total Long-Term Assets	$12.72B	$12.89B
Total Assets	$15.62B	$15.84B
YoY Change	-5.9%	-3.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$204.2M	$196.4M
YoY Change	-27.97%	-30.18%
Accrued Expenses	$1.135B	$1.324B
YoY Change	-22.67%	11.54%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.946B	$0.00
YoY Change	17.17%	-100.0%
Total Short-Term Liabilities	$3.286B	$1.520B
YoY Change	-3.72%	-52.78%
LONG-TERM LIABILITIES
Long-Term Debt	$4.477B	$6.168B
YoY Change	1.4%	33.15%
Other Long-Term Liabilities	$963.9M	$1.058B
YoY Change	-11.81%	-40.22%
Total Long-Term Liabilities	$5.441B	$7.226B
YoY Change	-1.22%	12.88%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.286B	$1.520B
Total Long-Term Liabilities	$5.441B	$7.226B
Total Liabilities	$8.726B	$8.746B
YoY Change	-2.18%	-9.49%
SHAREHOLDERS EQUITY
Retained Earnings	$6.481B	$6.646B
YoY Change	-2.77%	6.82%
Common Stock	$2.446B	$2.405B
YoY Change	1.28%	0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$2.643B	$2.641B
YoY Change	25.32%	47.83%
Treasury Stock Shares
Shareholders Equity	$6.276B	$6.406B
YoY Change
Total Liabilities & Shareholders Equity	$15.62B	$15.84B
YoY Change	-5.9%	-3.97%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$78.40M	$129.3M
YoY Change	-88.24%	-80.6%
Depreciation, Depletion And Amortization	$41.20M	$188.7M
YoY Change	-12.34%	-15.34%
Cash From Operating Activities	$43.60M	$377.1M
YoY Change	-92.92%	-62.03%
INVESTING ACTIVITIES
Capital Expenditures	$20.80M	$72.90M
YoY Change	-72.04%	-34.38%
Acquisitions
YoY Change
Other Investing Activities	-$43.40M	-$52.60M
YoY Change	123.71%	76.51%
Cash From Investing Activities	-$64.20M	-$125.5M
YoY Change	-31.56%	-10.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-8.400M	-$256.2M
YoY Change	-98.44%	-68.57%
NET CHANGE
Cash From Operating Activities	43.60M	$377.1M
Cash From Investing Activities	-64.20M	-$125.5M
Cash From Financing Activities	-8.400M	-$256.2M
Net Change In Cash	-29.00M	-$4.600M
YoY Change	98.63%	-112.37%
FREE CASH FLOW
Cash From Operating Activities	$43.60M	$377.1M
Capital Expenditures	$20.80M	$72.90M
Free Cash Flow	$22.80M	$304.2M
YoY Change	-95.79%	-65.51%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Cost Of Revenue CostOfRevenue	504400000	usd
CY2023Q2	us-gaap	Cost Of Revenue CostOfRevenue	730200000	usd
CY2024Q2	us-gaap	Gross Profit GrossProfit	736900000	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	1558400000	usd
CY2024Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	241700000	usd
CY2023Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	298500000	usd
CY2024Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	150500000	usd
CY2023Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	203600000	usd
CY2024Q2	mchp	Amortizationofintangibleassetsacquiredinabusinesscombination Amortizationofintangibleassetsacquiredinabusinesscombination	123000000.0	usd
CY2023Q2	mchp	Amortizationofintangibleassetsacquiredinabusinesscombination Amortizationofintangibleassetsacquiredinabusinesscombination	151500000	usd
CY2024Q2	us-gaap	Other Nonrecurring Income Expense OtherNonrecurringIncomeExpense	2600000	usd
CY2023Q2	us-gaap	Other Nonrecurring Income Expense OtherNonrecurringIncomeExpense	1700000	usd
CY2024Q2	us-gaap	Operating Expenses OperatingExpenses	517800000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	655300000	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	219100000	usd
CY2024Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	2800000	usd
CY2023Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	1500000	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	61800000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	47200000	usd
CY2024Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-9100000	usd
CY2024Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1700000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	161800000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	848300000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	32500000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	181900000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	129300000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	666400000	usd
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.24
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.22
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.24
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.21
CY2024Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.452
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.383
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	536700000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	545100000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	542800000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	551400000	shares
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	129300000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	666400000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax	200000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax	300000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-200000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-300000	usd
CY2024Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	129100000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	666100000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	129300000	usd
CY2024Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	188700000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	222900000	usd
CY2024Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-8100000	usd
CY2023Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	23900000	usd
CY2024Q2	us-gaap	Share Based Compensation ShareBasedCompensation	44000000.0	usd
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	44500000	usd
CY2024Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-9100000	usd
CY2024Q2	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	16600000	usd
CY2023Q2	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	1700000	usd
CY2024Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2000000.0	usd
CY2023Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2200000	usd
CY2024Q2	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0	usd
CY2023Q2	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	500000	usd
CY2024Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-47900000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	159700000	usd
CY2023Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	10600000	usd
CY2024Q2	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-41200000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	34900000	usd
CY2024Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	20700000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-50500000	usd
CY2024Q2	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	27800000	usd
CY2023Q2	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	107000000.0	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	377100000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	993200000	usd
CY2024Q2	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	usd
CY2023Q2	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	300000	usd
CY2024Q2	us-gaap	Interest Expense Other InterestExpenseOther	800000	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	61800000	usd
CY2024Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000827054
CY2024Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2024Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2025
CY2024Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q2	dei	Amendment Flag AmendmentFlag	false
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	903100000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	666400000	usd
CY2024Q2	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-18400000	usd
CY2023Q2	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-100000	usd
CY2024Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-9200000	usd
CY2024Q2	mchp	Proceeds From Capital Related Government Incentives ProceedsFromCapitalRelatedGovernmentIncentives	100000	usd
CY2023Q2	mchp	Proceeds From Capital Related Government Incentives ProceedsFromCapitalRelatedGovernmentIncentives	0	usd
CY2024Q2	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	52700000	usd
CY2023Q2	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	30100000	usd
CY2024Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	72900000	usd
CY2023Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	111100000	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-125500000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-140900000	usd
CY2024Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
CY2023Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	2585000000	usd
CY2024Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	usd
CY2023Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1960000000	usd
CY2024Q2	us-gaap	Proceeds From Issuance Of Commercial Paper ProceedsFromIssuanceOfCommercialPaper	3573400000	usd
CY2023Q2	us-gaap	Proceeds From Issuance Of Commercial Paper ProceedsFromIssuanceOfCommercialPaper	0	usd
CY2024Q2	us-gaap	Repayments Of Commercial Paper RepaymentsOfCommercialPaper	4637500000	usd
CY2023Q2	us-gaap	Repayments Of Commercial Paper RepaymentsOfCommercialPaper	0	usd
CY2024Q2	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	0	usd
CY2023Q2	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1000000000	usd
CY2024Q2	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	1250000000	usd
CY2023Q2	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	0	usd
CY2024Q2	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	0	usd
CY2023Q2	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	90100000	usd
CY2024Q2	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	15600000	usd
CY2023Q2	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	usd
CY2024Q2	us-gaap	Payments For Derivative Instrument Financing Activities PaymentsForDerivativeInstrumentFinancingActivities	105000000.0	usd
CY2023Q2	us-gaap	Payments For Derivative Instrument Financing Activities PaymentsForDerivativeInstrumentFinancingActivities	0	usd
CY2024Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	13100000	usd
CY2023Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	15300000	usd
CY2024Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	18900000	usd
CY2023Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	15700000	usd
CY2024Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	72700000	usd
CY2023Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	140300000	usd
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CY2023Q2	us-gaap	Payments Of Ordinary Dividends PaymentsOfOrdinaryDividends	208900000	usd
CY2024Q2	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	400000	usd
CY2023Q2	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	400000	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-256200000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-815100000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4600000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	37200000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	319700000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	234000000.0	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	315100000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	271200000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	6513600000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	666400000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-300000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	15300000	usd
CY2023Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	15700000	usd
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CY2023Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	141200000	usd
CY2023Q2	mchp	Adjustments To Additional Paid In Capital Convertible Debt Settlement AdjustmentsToAdditionalPaidInCapitalConvertibleDebtSettlement	43300000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	45400000	usd
CY2023Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	208900000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	6831300000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	6657800000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	129300000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-200000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	13100000	usd
CY2024Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	18900000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	0	usd
CY2024Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	72700000	usd
CY2024Q2	mchp	Adjustment To Additional Paid In Capital Purchase Of Capped Call Options AdjustmentToAdditionalPaidInCapitalPurchaseOfCappedCallOptions	105000000.0	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	45200000	usd
CY2024Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	242600000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	6406000000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1241300000	usd
CY2024Q2	us-gaap	Gross Profit GrossProfit	736900000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2288600000	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	1558400000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1241300000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2288600000	usd
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1241300000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2288600000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	129300000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	666400000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	536700000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	545100000	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	5200000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	5100000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	542800000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	551400000	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.24
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.22
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.24
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.21
CY2024Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6198200000	usd
CY2024Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6019200000	usd
CY2024Q2	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	9900000	usd
CY2024Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	13900000	usd
CY2024Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	20400000	usd
CY2024Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	5500000	usd
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	6167900000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	5999800000	usd
CY2024Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	0	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	999400000	usd
CY2024Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	6167900000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5000400000	usd
CY2024Q2	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	9900000	usd
CY2024Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	13900000	usd
CY2024Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	20400000	usd
CY2024Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	5500000	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	1960200000	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	1950000000	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	38000000.0	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1000000000	usd
CY2024Q2	mchp	Long Term Debt Maturities Repayments Of Principal After Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour	1250000000	usd
CY2024Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6198200000	usd
CY2024Q2	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	1000	usd
CY2023Q2	us-gaap	Interest Expense Other InterestExpenseOther	1300000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	47200000	usd
CY2024Q2	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	7703600000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4928100000	usd
CY2024Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2775500000	usd
CY2024Q1	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	7648700000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	4866900000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2781800000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	433600000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	514200000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	418100000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	310600000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	236400000	usd
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	145700000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	172400000	usd
CY2024Q2	us-gaap	Number Of Reporting Units NumberOfReportingUnits	2	reportingunit
CY2024Q2	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	1103200000	usd
CY2024Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	1151800000	usd
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	7400000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	8100000	usd
CY2024Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1095800000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1143700000	usd
CY2024Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	186300000	usd
CY2024Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	184000000.0	usd
CY2024Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	843900000	usd
CY2024Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	797500000	usd
CY2024Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	277800000	usd
CY2024Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	334500000	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	1308000000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	1316000000	usd
CY2024Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4052600000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4013300000	usd
CY2024Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2856400000	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2818700000	usd
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1196200000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1194600000	usd
CY2024Q2	us-gaap	Depreciation Depreciation	43000000.0	usd
CY2023Q2	us-gaap	Depreciation Depreciation	50500000	usd
CY2024Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	132100000	usd
CY2024Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	117800000	usd
CY2024Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	110700000	usd
CY2024Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	90800000	usd
CY2024Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	262600000	usd
CY2024Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	261800000	usd
CY2024Q2	mchp	Sales Related Reserves SalesRelatedReserves	516600000	usd
CY2024Q1	mchp	Sales Related Reserves SalesRelatedReserves	580600000	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	35000000.0	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	32600000	usd
CY2024Q2	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	266900000	usd
CY2024Q1	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	223400000	usd
CY2024Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1323900000	usd
CY2024Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1307000000	usd
CY2024Q2	us-gaap	Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear	376400000	usd
CY2024Q2	us-gaap	Purchase Obligation Due In Next Twelve Months PurchaseObligationDueInNextTwelveMonths	221100000	usd
CY2024Q2	us-gaap	Purchase Obligation Due In Second Year PurchaseObligationDueInSecondYear	245500000	usd
CY2024Q2	us-gaap	Purchase Obligation Due In Third Year PurchaseObligationDueInThirdYear	203000000.0	usd
CY2024Q2	us-gaap	Purchase Obligation Due In Fourth Year PurchaseObligationDueInFourthYear	90200000	usd
CY2024Q2	mchp	Purchase Obligation To Be Paid After Year Four PurchaseObligationToBePaidAfterYearFour	85800000	usd
CY2024Q2	us-gaap	Purchase Obligation PurchaseObligation	1222000000	usd
CY2024Q2	us-gaap	Loss Contingency Range Of Possible Loss Portion Not Accrued LossContingencyRangeOfPossibleLossPortionNotAccrued	125000000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.2012
CY2024Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	44000000.0	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	44500000	usd
CY2024Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	9200000	usd
CY2023Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	9400000	usd
CY2024Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	34800000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	35100000	usd
CY2021Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	4000000000.00	usd
CY2024Q2	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	800000	shares
CY2024Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	72700000	usd
CY2024Q2	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	1570000000	usd
CY2024Q2	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	41300000	shares
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-200000	usd
CY2024Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.452
CY2024Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	242600000	usd
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
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0000827054-24-000139-index.html	Edgar Link	pending
0000827054-24-000139.txt	Edgar Link	pending
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$MCHP
Microchip Technology Inc Stock $mchp

2024 Q3 Form 10-Q Financial Statement

#000082705424000139 Filed on August 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MCHP Microchip Technology Inc Stock $mchp

2024 Q3 Form 10-Q Financial Statement

#000082705424000139 Filed on August 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MCHP
Microchip Technology Inc Stock $mchp