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Microchip Technology Incorporated  (MCHP)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 

MCHP's Net Income Growth by Quarter and Year

Microchip Technology Incorporated's Net Income results by quarter and year




MCHP Net Income (in millions $) FY 2021 FY 2020 FY 2019 FY 2018
IV Quarter March - 99.90 174.70 146.70
III Quarter December 36.20 311.10 49.20 -251.09
II Quarter September 73.60 108.90 96.30 189.16
I Quarter June 123.60 50.70 35.70 170.59
FY   233.40 570.60 355.90 255.36



MCHP Net Income third quarter 2021 Y/Y Growth Comment
Microchip Technology Incorporated reported drop in Net Income in the third quarter by -88.36% to $ 36.20 millions, from the same quarter in 2020.
This represents worst decline in recent Company history.

Looking into third quarter results within Semiconductors industry 35 other companies have achieved higher Net Income growth. While Microchip Technology Incorporated' s Net Income meltdown of -88.36% ranks overall at the positon no. 1414 in the third quarter.




MCHP Net Income ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter March - -42.82 % 19.09 % 7.15 %
III Quarter December -88.36 % 532.32 % - -
II Quarter September -32.42 % 13.08 % -49.09 % 457.67 %
I Quarter June 143.79 % 42.02 % -79.07 % -
FY   - 60.33 % 39.37 % 55.09 %

Financial Statements
Microchip Technology Incorporated's third quarter 2021 Net Income $ 36.20 millions MCHP's Income Statement
Microchip Technology Incorporated's third quarter 2020 Net Income $ 311.10 millions Quarterly MCHP's Income Statement
New: More MCHP's historic Net Income Growth >>


MCHP Net Income (Quarter on Quarter Growth %)

2021
2020 2019 2018
IV Quarter March - -67.89 % 255.08 % -
III Quarter December -50.82 % 185.67 % -48.91 % -
II Quarter September -40.45 % 114.79 % 169.75 % 10.89 %
I Quarter June 23.72 % -70.98 % -75.66 % 24.6 %
FY (Year on Year)   - 60.33 % 39.37 % 55.09 %




Net Income third quarter 2021 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #36
Technology Sector #158
Overall #1414

Net Income Y/Y Growth Statistics
High Average Low
936.09 % 46.88 % -88.36 %
(Dec 31 2013)   (Dec 31 2020)
Net Income third quarter 2021 Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry #36
Technology Sector #158
Overall #1414
Net Income Y/Y Growth Statistics
High Average Low
936.09 % 46.88 % -88.36 %
(Dec 31 2013)   (Dec 31 2020)

Net Income by Quarter for the Fiscal Years 2018, 2019, 2020, 2021

Microchip Technology Incorporated's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
486.75 % 24.85 % -75.66 %
(March 31, 2013)  


MCHP's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2021 Microchip Technology Incorporated reported fall in Net Income from the previous quarter by -50.82% to $ 36.20 millions, from $ 73.60 millions released a quarter before.

Although periodic factors commonly energize III. Quarter 2021 performance, it clearly could not be substantial to rescue Semiconductors's company III. Quarter performance, Arnav Sengupta , Technology sector contributor wrote and mentioned that average sequential Net Income growth is at 24.85% for the Semiconductors's company.

Within Semiconductors industry 21 other companies have achieved higher Net Income quarter on quarter growth. While Microchip Technology Incorporated's Net Income growth quarter on quarter, overall rank is 249.


Net Income Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #22
Technology Sector #53
Overall #249
Net Income Q/Q Growth Company Ranking
Within: No.
Semiconductors Industry #22
Technology Sector #53
Overall #249
Net Income Q/Q Growth Statistics
High Average Low
486.75 % 24.85 % -75.66 %
(March 31, 2013)  


MCHP's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2021 Microchip Technology Incorporated realized fall in Net Income from the second quarter by -50.82% to $ 36.20 millions, from $ 73.60 millions released in the previous quarter.

Even cyclical circumstance which commonly energize III. Quarter 2021 Net Income, this clearly was not sufficient to rescue MCHP's III. Quarter performance, Arnav Sengupta , Technology sector contributor wrote and continued that average sequential Net Income growth is at 24.85% for MCHP.

Within Semiconductors industry 21 other companies have achieved higher Net Income quarter on quarter growth. While Microchip Technology Incorporated's Net Income growth quarter on quarter, overall rank is 249.


Microchip Technology Incorporated's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2020)
12 Months Ending
(Sep 30 2020)
12 Months Ending
(Jun 30 2020)
12 Months Ending
(Mar 31 2020)
12 Months Ending
(Dec 31 2019)
Cumulative Net Income 12 Months Ending $ 333.30 $ 608.20 $ 643.50 $ 570.60 $ 645.40
Y / Y Net Income Growth (TTM) -48.36 % 58.59 % 73.5 % 60.33 % 96.83 %
Year on Year Net Income Growth Overall Ranking # 225 # 212 # 172 # 273 # 206
Seqeuential Net Income Change (TTM) -45.2 % -5.49 % 12.78 % -11.59 % 68.29 %
Seq. Net Income Growth (TTM) Overall Ranking # 1878 # 1889 # 294 # 1348 # 245




Cumulative Net Income growth Comment
For the 12 months ended Dec 31 2020 Microchip Technology Incorporated reported a sharp drop in Net Income by -48.36% year on year, to $333 millions, compare to the 58.59% growth at Sep 30 2020.

In the Technology sector 46 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 212 to 225.

Net Income TTM Q/Q Growth Statistics
High Average Low
1085.75 %
23.54 %
-77.05 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 51
Technology Sector # 47
Overall # 225

Net Income TTM Y/Y Growth Statistics
High Average Low
1129.24 %
55.91 %
-95.42 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 51
Sector # 210
S&P 500 # 1878
Cumulative Net Income growth Comment
For the 12 months ended Dec 31 2020 Microchip Technology Incorporated reported a sharp drop in Net Income by -48.36% year on year, to $333 millions, compare to the 58.59% growth at Sep 30 2020.

In the Technology sector 46 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 212 to 225.

Net Income TTM Q/Q Growth Statistics
High Average Low
1085.75 %
23.54 %
-77.05 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Semiconductors Industry # 51
Technology Sector # 47
Overall # 225

Net Income TTM Y/Y Growth Statistics
High Average Low
1129.24 %
55.91 %
-95.42 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 51
Sector # 210
S&P 500 # 1878




Other Net Income Growth
Semiconductors Industry Net Income Growth Trends and Statistics
Technology Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
MCHP's Net Income Growth Ratio versus Semiconductors Industry, Technology Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for MCHP's Competitors
Net Income Growth for Microchip Technology Incorporated's Suppliers
Net Income Growth for MCHP's Customers

You may also want to know
MCHP's Annual Growth Rates MCHP's Profitability Ratios MCHP's Asset Turnover Ratio MCHP's Dividend Growth
MCHP's Roe MCHP's Valuation Ratios MCHP's Financial Strength Ratios MCHP's Dividend Payout Ratio
MCHP's Roa MCHP's Inventory Turnover Ratio MCHP's Growth Rates MCHP's Dividend Comparisons



Companies with similar Net Income sharp drop for the quarter ending Dec 31 2020 within Technology SectorY/Y Change %Net Income for the quarter ending Dec 31 2020
Henry Jack and Associates Inc-0.16%$ -0.161 millions
Foresight Autonomous Holdings Ltd -0.41%$ -0.415 millions
Wipro Ltd-0.54%$ -0.538 millions
Camtek Ltd-0.95%$ -0.946 millions
Activision Blizzard inc -3.05%$ -3.053 millions
Pctel Inc -3.50%$ -3.504 millions
Gilat Satellite Networks Ltd-4.45%$ -4.453 millions
Osi Systems Inc-4.52%$ -4.517 millions
Tower Semiconductor Ltd-5.43%$ -5.432 millions
Pagseguro Digital Ltd -5.47%$ -5.466 millions
Garmin Ltd-7.55%$ -7.551 millions
Zebra Technologies Corporation-8.28%$ -8.284 millions
Cerner Corporation-8.31%$ -8.311 millions
Napco Security Technologies inc-10.50%$ -10.498 millions
F5 Networks Inc -11.01%$ -11.011 millions
Celestica inc -13.80%$ -13.798 millions
Intel Corporation-15.18%$ -15.177 millions
Cmc Materials Inc -18.21%$ -18.208 millions
Egain Corporation-18.60%$ -18.601 millions
Cognizant Technology Solutions Corporation-20.00%$ -20.000 millions
Turtle Beach Corporation-20.03%$ -20.028 millions
Perion Network Ltd -20.69%$ -20.693 millions
Netscout Systems Inc -20.98%$ -20.978 millions
Ebix Inc-22.53%$ -22.534 millions
Momo Inc -24.31%$ -24.310 millions
Square Inc -24.81%$ -24.807 millions
Omnicell inc-25.88%$ -25.879 millions
Viasat Inc -26.72%$ -26.723 millions
Innovative Solutions and Support Inc-26.76%$ -26.765 millions
Alteryx Inc -28.20%$ -28.197 millions


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