Microchip Technology Incorporated's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Microchip Technology Incorporated (MCHP) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Microchip Technology Incorporated vs Its Competitors
- TTM: Trailing 12-month revenue of 5,123M vs 325,076M combined for its competitors (1.6% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+15.9% annualized vs trailing 12 months), vs accelerating (+20.9%) for its tracked peer group.
- Growth: Microchip Technology Incorporated generated 38.2% revenue growth year over year in Q1 2026, vs 108.0% for its competitors combined.
- Profitability: Its 15.5% net margin compares with 33.6% for the peer group.
- Scale: Microchip Technology Incorporated ranks #17 of 115 companies by market capitalization in the Semiconductors industry, holding 0.3% of industry market cap.
- Peer revenue share: Microchip Technology Incorporated accounted for 1.5% of combined revenue among its tracked peer group, down from 2.2% a year earlier.
- Peer differentiation: Revenue per employee of $0.23M compares with $1.18M for the peer group (0.2x).
- Structure: Microchip Technology Incorporated operates in the following segments: Semiconductor products, Technology licensing.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MCHP Sales vs. its Competitors, Q1 2026
Microchip Technology Incorporated reported revenue growth of 38.15 % year on year in Q1 2026, below its competitors' combined revenue growth of 108.01 %.
With a net margin of 15.48 %, Microchip Technology Incorporated reported lower profitability than its competitors (33.64 %).
Microchip Technology Incorporated generated 1.49 % of the combined sales of its peer group, down from 2.22 % a year earlier.
API endpoints for this dataset
Microchip Technology Incorporated vs. its Competitors, Q1 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Microchip Technology Incorporated reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Microchip Technology Incorporated and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Microchip Technology Incorporated | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (16) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Microchip Technology Incorporated's competitor groups requires a Commercial License.
For context: the Semiconductors industry grew revenue 48.1% year over year, combined, vs 38.2% for Microchip Technology Incorporated. Microchip Technology Incorporated's share of combined industry revenue moved from 0.27% to 0.25%, a loss of 0.02 percentage points.
Microchip Technology Incorporated's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Microchip Technology Incorporated | Yes | Yes | Yes | No |
| Competitors combined (19) | ||||
| High-Confidence Competitors (25) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MCHP Stock Performance relative to its Competitors
MCHP Stock Performance relative to High-Confidence Competitors
MCHP Stock Performance relative to Similar-Size Competitors
MCHP Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Netlist Inc | 282.9% | Outperformed |
| 2 | Maxlinear Inc | 282.9% | Outperformed |
| 3 | Micron Technology Inc | 282.9% | Outperformed |
| 4 | Texas Instruments Incorporated | 282.9% | Outperformed |
| 5 | Lattice Semiconductor Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Microchip Technology Incorporated's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Microchip Technology Incorporated's Comment on Competition and Industry Peers
Publicly Traded Peers of Microchip Technology Incorporated
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Microchip Technology Incorporated |
32,121.68 | 5,123.10 |
 Broadcom Inc |
1,435,263.03 | 89,104.00 |
 Micron Technology Inc |
788,670.00 | 133,188.00 |
 Asml Holding Nv |
554,085.28 | 36,921.92 |
 Intel Corporation |
298,677.96 | 59,892.00 |
 Texas Instruments Incorporated |
255,448.56 | 20,766.00 |
| SUBTOTAL | 3,501,290.67 | 367,834.41 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Microchip Technology Incorporated versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Microchip Technology Incorporated's Competitors Named by the Company
Competitive relationships identified from Microchip Technology Incorporated reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Quicklogic Corp | Company report | 85% |
| Sitime Corporation | Company report | 85% |
| Nxp Semiconductors N v | Company report | 85% |
| Lgl Group Inc | Company report | 85% |
| Silicon Laboratories Inc | Company report | 85% |
| Maxlinear Inc | Company report | 85% |
| Surge Components Inc | Company report | 85% |
| Astera Labs Inc | Company report | 85% |
| Churchill Capital Corp X | Company report | 85% |
| Everspin Technologies Inc | Company report | 85% |
| Adtran Holdings Inc | Company report | 85% |
| Wisekey International Holding S a | Company report | 85% |
| Sealsq Corp | Company report | 85% |
| Synaptics Incorporated | Company report | 85% |
| Analog Devices Inc | Company report | 85% |
| Xilinx Inc | Company report | 85% |
| Dsp Group Inc | Company report | 85% |
| Datavault Ai Inc | Company report | 85% |
| WISA | Company report | 85% |
| Broadcom Limited | Company report | 85% |
| Skyworks Solutions Inc | Company report | 85% |
| Broadcom Limited | Company report | 85% |
| Altera Corporation | Company report | 85% |
| Semtech Corp | Company report | 85% |
| A COM Technology Solutions Inc | Company report | 85% |
| Maxim Integrated Products | Company report | 85% |
| Integrated Device Technology | Company report | 85% |
| Intel Corporation | Company report | 85% |
| Texas Instruments Incorporated | Company report | 85% |
| Lattice Semiconductor Corp | Company report | 85% |
| Micron Technology Inc | Company report | 85% |
| Macom Technology Solutions Holdings Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Microchip Technology Incorporated's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Microchip Technology Incorporated's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Microchip Technology Incorporated | Semiconductor products 97.20 % |
| Broadcom Inc | Semiconductor Solutions 64.81 % |
| Micron Technology Inc | CMBU 33.21 % |
| Intel Corporation | Client Computing and Physical AI Group 49.03 % |
| Texas Instruments Incorporated | Analog 81.11 % |
| Macom Technology Solutions Holdings Inc | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Microchip Technology Incorporated's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Microchip Technology Incorporated | 32,122 | 229,735 | 21,453 |
| Broadcom Inc | 1,435,263 | 2,700,121 | 1,159,545 |
| Micron Technology Inc | 788,670 | 2,183,410 | 1,392,934 |
| Asml Holding Nv | 554,085 | 835,168 | 245,755 |
| Intel Corporation | 298,678 | 703,784 | -144,853 |
| Texas Instruments Incorporated | 255,449 | 629,273 | 215,545 |
| PEERS TOTAL | 3,469,169 | 1,181,720 | 427,143 |
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Microchip Technology Incorporated's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Broadcom Inc | Asia Pacific 60.15 % |
| Micron Technology Inc | United States 68.57 % |
| Asml Holding Nv | Rest of Europe and Middle East 1.43 % |
| Macom Technology Solutions Holdings Inc | United States 39.45 % |
| Lattice Semiconductor Corp | CN 56.02 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Microchip Technology Incorporated's Position in Industry Market Structure
Market-capitalization share and concentration across all 107 companies in Microchip Technology Incorporated's industry classification, broader than the peer set above. Market cap in millions of $.Microchip Technology Incorporated ranks #17 of 107 companies by market capitalization in its industry, holding 0.32 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,187, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nvidia Corp | 4,532,552 | 45.12 % |
| 3 | Micron Technology Inc | 790,050 | 7.86 % |
| 4 | Advanced Micro Devices Inc | 744,957 | 7.42 % |
| 5 | Intel Corporation | 287,253 | 2.86 % |
| 6 | Applied Materials Inc | 1,234 | 5.2% |
| 7 | Texas Instruments Incorporated | 1,234 | 5.2% |
| 8 | Arm Holdings Plc | 1,234 | 5.2% |
| 9 | Analog Devices Inc | 1,234 | 5.2% |
| 10 | United Microelectronics Corporation | 1,234 | 5.2% |
| 11 | Marvell Technology Inc | 1,234 | 5.2% |
| 17 | Microchip Technology Incorporated | 32,122 | 0.32 % |
Market cap and industry share for the rest of Microchip Technology Incorporated's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Microchip Technology Incorporated's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 12 | Ase Technology Holding Co Ltd | 70,437 | 102.91 % |
| 13 | Nxp Semiconductors N v | 63,071 | 18.09 % |
| 14 | Monolithic Power Systems Inc | 58,641 | 20.42 % |
| 15 | Stmicroelectronics N v | 38,475 | 75.46 % |
| 16 | Astera Labs Inc | 1,234 | 12.3% |
| 17 | Microchip Technology Incorporated | 32,122 | 0.28 % |
| 18 | Flex Ltd | 1,234 | 12.3% |
| 19 | On Semiconductor Corporation | 1,234 | 12.3% |
| 20 | Jabil Inc | 1,234 | 12.3% |
| 21 | Qnity Electronics Inc | 1,234 | 12.3% |
| 22 | Celestica Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Microchip Technology Incorporated's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Microchip Technology Incorporated's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Semiconductors industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (180 companies). See the full Semiconductors industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.60 % | 29.37 % (avg) | -28.8 pp |
| Operating Margin | 0.15 % | industry median | -2.8 pp |
| EBITDA Margin | 0.39 % | 4.97 % (avg) | -4.6 pp |
| Capital Intensity (Capex / Revenue) | - | 8.78 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Microchip Technology Incorporated's Valuation vs Competitive Position
Valuation multiples vs the Semiconductors industry average (180 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Semiconductors industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 156.5x | 39.2x | +117.3x |
| EV / EBITDA | 31.5x | 21.5x | +10.0x |
| P/B | 7.4x | 6.0x | +1.4x |
| Return on Equity | 0.07 % | industry aggregate | -46.11 % |
| Return on Invested Capital | 0.07 % | -0.97 % (avg) | 1.03 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Microchip Technology Incorporated's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 29.39 % | 5.09 % | 0.38 % | 21.63 % | 24.93 % | 6.08 % | -44.30 % | -8.10 % |
| Operating Margin | 13.42 % | 14.61 % | 16.06 % | 24.96 % | 35.00 % | 37.07 % | 13.67 % | 3.94 % |
| Return on Invested Capital | 3.54 % | 3.67 % | 4.21 % | 7.89 % | 14.00 % | 16.72 % | 3.45 % | 0.86 % |
| P/E | 56.4x | 40.0x | 215.3x | 48.7x | 19.8x | 19.1x | 122.8x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Microchip Technology Incorporated's Strategic Group Map
Microchip Technology Incorporated is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Microchip Technology Incorporated's trailing-12-month revenue growth of 20.9% and operating margin of 0.2% compares with an average of 18.8% growth and 0.6% margin across its 8 closest peers by combined growth, margin and ROIC -- Microchip Technology Incorporated sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Microchip Technology Incorporated's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Microchip Technology Incorporated falls in the Question Mark quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 10.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Nvidia Corp alone holds 45% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Microchip Technology Incorporated's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,187 (see Industry Market Structure & Concentration above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Microchip Technology Incorporated's dedicated Suppliers and Customers pages, not here.
Microchip Technology Incorporated's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Microchip Technology Incorporated falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Microchip Technology Incorporated's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+15.9% annualized vs trailing 12 months).
Weaknesses
- Return on equity 46.1 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
Opportunities
- Industry revenue growing at a healthy 10.2% median pace.
Threats
- Industry dominated by Nvidia Corp, holding 45.12 % of industry market cap.
Methodology: see Methodology: SWOT Analysis.
Microchip Technology Incorporated's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Microchip Technology Incorporated | 0.33 | 2.20 | 0.82 |
| Broadcom Inc | 0.99 | 2.05 | 0.75 |
| Micron Technology Inc | 1.20 | 3.14 | 0.13 |
| Asml Holding Nv | 0.53 | 1.26 | 0.19 |
| Intel Corporation | 0.50 | 2.02 | 0.40 |
| Texas Instruments Incorporated | 1.17 | 4.81 | 0.84 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Microchip Technology Incorporated's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Microchip Technology Incorporated | Q2 2026 | +38.2 % | - |
| Broadcom Inc | Q2 2026 | +85.5 % | +216.1 % |
| Micron Technology Inc | Q3 2026 | +379.3 % | +1,077.8 % |
| Asml Holding Nv | Q4 2025 | +20.7 % | +32.6 % |
| Intel Corporation | Q3 2026 | +20.9 % | -22.2 % |
| Texas Instruments Incorporated | Q3 2026 | +27.7 % | +77.8 % |
| PEERS TOTAL | +83.1 % | +217.7 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Microchip Technology Incorporated's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Microchip Technology Incorporated | Q2 2026 | +9.6 % | +24.9 % |
| Broadcom Inc | Q2 2026 | +74.0 % | +274.6 % |
| Micron Technology Inc | Q3 2026 | +14.7 % | +96.4 % |
| Asml Holding Nv | Q4 2025 | +16.9 % | -18.2 % |
| Intel Corporation | Q3 2026 | +11.6 % | +65.9 % |
| Texas Instruments Incorporated | Q3 2026 | +7.4 % | -61.3 % |
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Microchip Technology Incorporated's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Microchip Technology Incorporated | 3.26% | 3.70% | 7.18% |
| Broadcom Inc | 21.57% | 24.07% | 43.74% |
| Micron Technology Inc | 66.08% | 76.66% | 92.93% |
| Asml Holding Nv | 18.31% | 35.02% | 47.20% |
| Intel Corporation | - | - | - |
| Texas Instruments Incorporated | 20.08% | 21.75% | 40.51% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Microchip Technology Incorporated's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Microchip Technology Incorporated | 102.37 | 6.27 |
| Broadcom Inc | 37.41 | 16.11 |
| Micron Technology Inc | 9.28 | 5.92 |
| Asml Holding Nv | 57.66 | 15.01 |
| Intel Corporation | - | 4.99 |
| Texas Instruments Incorporated | 35.97 | 12.30 |
| PEERS AVERAGE | 26.61 | 9.52 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.