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Arphra AIPlain-English read on Microchip Technology Incorporated’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Revenue & profit | ||||||||
| Revenue | $5.44B | $6.82B | $8.44B | $7.63B | $4.4B | $6.17B | $7.12B | $7.73B |
| Cost of revenue | $2.06B | $2.37B | $2.74B | $2.64B | $1.93B | $2.29B | $2.64B | $2.89B |
| Gross profit | $3.38B | $4.45B | $5.7B | $5B | $2.47B | $3.92B | $4.4B | $4.99B |
| Gross margin | +62.13% | +65.23% | +67.52% | +65.44% | +56.07% | +63.55% | +61.76% | +64.45% |
| Operating | ||||||||
| Research & development | $836.4M | $989.1M | $1.12B | $1.1B | $983.8M | $1.05B | $1.21B | $1.3B |
| Selling, general & administrative | $610.3M | $718.9M | $797.7M | $734.2M | $617.7M | $688.42M | $794.41M | $850.18M |
| Total operating expenses | $2.38B | $2.6B | $2.58B | $2.42B | $2.17B | $2.3B | $2.7B | $2.96B |
| Operating income | $998.1M | $1.85B | $3.12B | $2.57B | $296.3M | $1.6B | $1.82B | $2.03B |
| Operating margin | +18.35% | +27.12% | +36.93% | +33.68% | +6.73% | +25.87% | +25.57% | +26.23% |
| EBITDA | $1.83B | $2.87B | $4.1B | $3.44B | $1.04B | $2.45B | $2.75B | $3.01B |
| EBIT | $679.3M | $1.73B | $3.1B | $2.56B | $290.3M | $1.6B | $1.87B | $1.96B |
| Below the line | ||||||||
| Interest expense | $356.9M | $257M | $203.9M | $198.3M | $251.4M | $216.68M | $255.9M | $275.7M |
| Interest income | $1.7M | $500K | $2.1M | $7.6M | $9.2M | $6.87M | $7.82M | $8.56M |
| Other income / expense | -$658.6M | -$367.1M | -$206.3M | -$205.1M | -$257.4M | — | — | — |
| Pre-tax income | $339.5M | $1.48B | $2.91B | $2.37B | $38.9M | $1.36B | $1.59B | $1.67B |
| Income tax expense | -$9.9M | $197M | $672M | $459M | $39.4M | $282.18M | $325.86M | $364.64M |
| Earnings | ||||||||
| Net income | $349.4M | $1.29B | $2.24B | $1.91B | -$500K | $1.07B | $1.19B | $1.37B |
| Net income · continuing ops | $349.4M | $1.29B | $2.24B | $1.91B | -$500K | $1.09B | $1.24B | $1.31B |
| Net margin | +6.42% | +18.85% | +26.52% | +24.98% | -0.01% | +17.28% | +16.73% | +17.65% |
| EPS · basic | $0.67 | $2.33 | $4.07 | $3.52 | $-0.01 | $3.21 | $4.12 | $4.52 |
| EPS · diluted | $0.65 | $2.27 | $4.02 | $3.48 | $-0.01 | $3.15 | $4.08 | $4.51 |
| EPS · low estimate | — | — | — | — | — | $2.67 | $3.66 | $3.91 |
| EPS · high estimate | — | — | — | — | — | $3.51 | $4.90 | $5.02 |
| Shares · basic | 519.2M | 552.3M | 550.4M | 542M | 537.3M | 537.86M | 537.95M | 532.27M |
| Shares · diluted | 541.2M | 565.9M | 557.3M | 548M | 537.3M | 541.46M | 534.36M | 539.43M |
| Coverage | ||||||||
| Analysts (revenue) | — | — | — | — | — | 18 | 16 | 8 |
| Analysts (EPS) | — | — | — | — | — | 15 | 14 | 3 |
Coverage notes. Historical figures come from FMP’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS from FMP consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
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