Microchip Technology Incorporated (MCHP)财务
NASDAQ · Technology · Semiconductors · 员工17,900人 · CEO Steve Sanghi
- 股价
- $77.34 -4.66%
- 市值
- $420亿
- 企业价值
- $471亿
- 最近财报
- Q1 '27 2026-08-06提交
- 下次财报
- 2026-11-05 EPS预期 $0.94
营收(TTM)$51.2亿+20.9% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)15.5%+12.9 百分点 对比去年同期营业利润 $7.95亿
净利润(TTM)$4.51亿+403.6% 对比去年同期税后,含营业外收益
自由现金流(TTM)$11.1亿+53.1% 对比去年同期资本支出 $8710万
稀释EPS(TTM)$0.72+314.7% 对比去年同期最近4个季度之和
净现金-$51.3亿-4.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $420亿 EV $471亿
- 营收
- $51.2亿 过去12个月
- 营收增速
- +36% FY2027年一致预期
- 净利润率
- 8.8% 净利润 / 营收,TTM
- P/E
- 107.2× 预期 21.2×(FY2027)
- P/S
- 8.2× 股价 / 营收,TTM
- EV / EBITDA
- 28.0× TTM
- 自由现金流
- $11.1亿 过去12个月
- 净利润
- $4.51亿 过去12个月
- 营收预期
- $64.1亿 FY2027年一致预期
- 盈利
- 2026-11-05 营收预期 $16.1亿
- 股息
- $1.82 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-06):营收超预期1.8%,EPS 超预期8.6%营收$14.8亿,预期$14.6亿(+1.8%);EPS $0.76,预期$0.70(+8.6%)。
- 营收增长加速:同比38.0%Q1 '27营收$14.8亿,此前四个季度的平均值为8.8%。
- 营业利润率15.5%(TTM),较去年同期+12.9 百分点营收增长20.9%,营业利润增长627.2%。
- 税前利润的37.2%被营业外亏损吞噬税前利润$5.79亿,营业利润$7.95亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的1.7%(去年为1.7%)最近4个季度投入$8710万(同比+22.7%)。自由现金流$11.1亿,相当于净利润的246.5%。
- 股东回报$9.85亿 = 自由现金流的88.7%回购$0(去年为$2380万),股息$9.85亿,股权激励$2.78亿(TTM)。
- 稀释股数一年内增加2.1%Q1 '27稀释股数5.51亿,一年前为5.39亿。
- 净债务 $51.3亿现金 + 短期投资 $2.72亿,含租赁债务 $54亿;一年前净债务 $49.3亿。
上一季度:Q1 '27
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q1 '27 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $14.8亿 | $10.8亿 | +38.0% |
| 毛利率 | 63.2% | 53.6% | +9.6 百分点 |
| 营业利润 | $3.37亿 | $3210万 | +949.2% |
| 营业利润率 | 22.7% | 3.0% | +19.7 百分点 |
| 净利润 | $2.3亿 | -$1860万 | +1,335.5% |
| 稀释EPS | $0.37 | -$0.09 | +529.7% |
| 经营现金流 | $5.12亿 | $2.76亿 | +85.6% |
| 资本支出 | $1390万 | $1790万 | -22.3% |
| 自由现金流 | $4.98亿 | $2.58亿 | +93.1% |
| R&D | $3.09亿 | $2.56亿 | +20.9% |
| 股权激励费用 | $7500万 | $5290万 | +41.8% |
实际 vs 一致预期
2026-08-06| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $14.8亿 | $14.6亿 | +1.8% |
| EPS(一致预期口径) | $0.76 | $0.70 | +8.6% |
来自2026-08-06发布的Q1 '27财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q1 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Semiconductor Products Member | $14.4亿 | +38.3% | 97.1% | $49.5亿 | +20.9% | |
| Technology Licensing Member | $4260万 | +29.1% | 2.9% | $1.73亿 | +22.2% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $12亿
- 资本支出
- -$8710万
- 股票回购
- $0
- 股息
- -$9.85亿
- 收购
- $0
- 债务净发行
- -$9100万
- 股权激励费用
- $2.78亿
- 自由现金流
- $11.1亿
- 股东回报 / FCF
- 88.7%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 107.2× | 79.4× 5年中的4年 | 20.6× – 239.3× |
| EV / EBITDA | 28.0× | 20.8× | 12.8× – 29.7× |
| EV / 营收 | 9.2× | 7.2× | 6.2× – 8.5× |
| 股价 / FCF | 37.8× | 24.8× | 14.7× – 40.2× |
| 股价 / 净资产 | 6.5× | 6.1× | 3.7× – 7.3× |
| FCF收益率 | 2.6% | 4.7% | 2.5% – 6.8% |
| 投入资本回报率 | 5.0% | 8.9% | -0.0% – 16.3% |
| 净资产收益率 | 6.9% | 17.6% | -0.0% – 34.4% |
分析师
一致目标价 $110.50 (+42.9%)
区间 $88.00 – $135.00 · 评级 Buy
强烈买入2
买入30
持有14
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $64.1亿 | +35.9% | $3.65 | +1,304.5% | 21.2× | 17 |
| FY2028 | $74.7亿 | +16.6% | $4.59 | +25.7% | 16.8× | 17 |
| FY2029 | $82.4亿 | +10.3% | $5.23 | +13.9% | 14.8× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Microchip Technology Incorporated在近期10-Q / 10-K文件中标记的全部272项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| – | – | – | -$260万 | – | – | |
| – | – | – | -0.9% | – | – | |
| – | – | – | $4300万 | – | – | |
| – | – | – | 15.7% | – | – | |
| – | – | – | $1.66亿 | – | – | |
| – | – | – | $340万 | – | – | |
| Accounts Payable, Current | $2.29亿 | $1.62亿 | +41.4% | $2.06亿 | $1.61亿 | +28.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $9.68亿 | $7.66亿 | +26.4% | $8.95亿 | $6.9亿 | +29.7% |
| Accounts Receivable, Allowance for Credit Loss, Current | $530万 | $570万 | -7.0% | $530万 | $590万 | -10.2% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $9.73亿 | $7.71亿 | +26.2% | $9亿 | $6.96亿 | +29.4% |
| Accrued Income Taxes, Current | $4310万 | $8620万 | -50.0% | $2430万 | $9910万 | -75.5% |
| Accrued Income Taxes, Noncurrent | $5.8亿 | $6.4亿 | -9.4% | $5.71亿 | $6.33亿 | -9.9% |
| Accrued Liabilities and Other Liabilities | $2.7亿 | $2.51亿 | +7.3% | $2.18亿 | $2.09亿 | +4.5% |
| Accrued Liabilities, Current | $10.7亿 | $10.3亿 | +3.6% | $9.31亿 | $9.95亿 | -6.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $26.4亿 | $23.7亿 | +11.1% | $26亿 | $23.4亿 | +11.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$370万 | -$640万 | +42.2% | -$420万 | -$170万 | -147.1% |
| Additional Paid in Capital, Common Stock | $41.2亿 | $39.7亿 | +3.6% | $40.7亿 | $39.1亿 | +4.1% |
| Amortization of Debt Discount (Premium) | $390万 | $140万 | +178.6% | $2720万 | $6480万 | -58.0% |
| Amortization of Debt Issuance Costs | $230万 | $140万 | +64.3% | $590万 | $780万 | -24.4% |
| Amortization of Intangible Assets | $1.19亿 | $1.32亿 | -9.7% | $5.34亿 | $5.84亿 | -8.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $7770万 | $5230万 | +48.6% | $2.6亿 | $1.9亿 | +37.4% |
| Asset Impairment Charges | – | – | – | $40万 | $0 | – |
| Assets | $144亿 | $150亿 | -3.8% | $144亿 | $154亿 | -6.5% |
| Assets, Current | $24.9亿 | $27.5亿 | -9.7% | $23.8亿 | $29.9亿 | -20.5% |
| Business Exit Costs | – | – | – | $1450万 | $4570万 | -68.3% |
| Cash and Cash Equivalents, at Carrying Value | $2.72亿 | $5.67亿 | -51.9% | $2.4亿 | $7.72亿 | -68.9% |
| Cash and Cash Equivalents, Fair Value Disclosure | $02026-03-31 | $4.91亿 | -100.0% | $0 | $4.91亿 | -100.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.72亿 | $5.67亿 | -51.9% | $2.4亿 | $7.72亿 | -68.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3200万 | -$2.05亿 | +115.6% | -$5.31亿 | $4.52亿 | -217.6% |
| Common Stock, Dividends, Per Share, Cash Paid | – | – | – | $1.82 | $1.82 | +0.2% |
| Common Stock, Dividends, Per Share, Declared | $0.46 | $0.46 | 0.0% | $1.82 | $1.82 | +0.2% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 9亿 | 9亿 | 0.0% | 9亿 | 9亿 | 0.0% |
| Common Stock, Shares, Issued | 5.78亿 | 5.78亿 | 0.0% | 5.78亿 | 5.78亿 | +0.1% |
| Common Stock, Shares, Outstanding | 5.43亿 | 5.4亿 | +0.6% | 5.42亿 | 5.39亿 | +0.6% |
| Common Stock, Value, Issued | $60万 | $60万 | 0.0% | $60万 | $60万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $2.3亿 | -$2330万 | +1,088.4% | $2.28亿 | $130万 | +17,400.0% |
| Cost of Revenue | $5.46亿 | $4.99亿 | +9.4% | $19.9亿 | $19.3亿 | +3.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $5170万 | $1.28亿 | -59.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $5290万 | $5520万 | -4.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $1.08亿 | $1.83亿 | -40.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $350万 | $0 | – |
| Debt Instrument, Face Amount | $1000 | $1000 | 0.0% | $1000 | $1000 | 0.0% |
| Debt Instrument, Unamortized Discount | $840万 | $1140万 | -26.3% | $930万 | $1310万 | -29.0% |
| Debt Issuance Costs, Net | $2920万 | $1850万 | +57.8% | $3120万 | $1950万 | +60.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$2160万 | -$1.01亿 | +78.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$4080万 | -$3680万 | -10.9% |
| Deferred Income Tax Assets, Net | $17.8亿 | $17.3亿 | +2.7% | $17.9亿 | $17.3亿 | +3.7% |
| Deferred Income Tax Expense (Benefit) | $1140万 | -$300万 | +480.0% | -$6460万 | -$1.43亿 | +54.9% |
| Deferred Income Tax Liabilities, Net | $2540万 | $3630万 | -30.0% | $2510万 | $3380万 | -25.7% |
| Deferred Revenue, Current | $1.74亿 | $1.6亿 | +8.8% | $1.79亿 | $2.13亿 | -16.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$220万 | -$550万 | +60.0% |
| Deferred Tax Assets, Capital Loss Carryforwards | $1010万2026-03-31 | $980万 | +3.1% | $1010万 | $980万 | +3.1% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $10.8亿2026-03-31 | $11.9亿 | -9.3% | $10.8亿 | $11.9亿 | -9.3% |
| Deferred Tax Assets, Gross | $21.2亿2026-03-31 | $20.7亿 | +2.9% | $21.2亿 | $20.7亿 | +2.9% |
| Deferred Tax Assets, Inventory | $1.45亿2026-03-31 | $1.3亿 | +10.8% | $1.45亿 | $1.3亿 | +10.8% |
| Deferred Tax Assets, Net | $17.7亿2026-03-31 | $16.9亿 | +4.3% | $17.7亿 | $16.9亿 | +4.3% |
| Deferred Tax Assets, Net of Valuation Allowance | $18.3亿2026-03-31 | $17.8亿 | +3.1% | $18.3亿 | $17.8亿 | +3.1% |
| Deferred Tax Assets, Operating Loss Carryforwards | $6240万2026-03-31 | $5930万 | +5.2% | $6240万 | $5930万 | +5.2% |
| Deferred Tax Assets, Property, Plant and Equipment | $1540万2026-03-31 | $0 | – | $1540万 | $0 | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-K 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-K 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02